Loan Market WA 12-14 The Esplanade, Perth, Western Australia 6017

Welcome to Loan Market WA, located at The Esplanade in Perth, Australia. As a trusted establishment in the finance industry, we are dedicated to working for you, not for our own bottom line. With over 60 banks and lenders on our panel, we offer you a wide range of choices and the power to make informed decisions about your loans.

At Loan Market WA, we understand the importance of researching the market to find the right loan for you. With the August cash rate and the uncertainty surrounding the future of interest rates, we discuss whether pre-approvals are still worthwhile in a changing-rate environment.

We are proud to highlight that the federal government's Home Guarantee Scheme (HGS) has successfully assisted 100,000 individuals in buying or building their own homes since its launch in 2020. This initiative has made homeownership more accessible to many Australians.

As leading property economists have indicated, the days on market indicator, reflecting the average time it takes properties to sell, is poised to fall. This reflects the ups and downs of the housing market and presents opportunities for buyers and sellers.

In July, as interest rates increased in line with the cash rate hikes, some mortgage holders faced challenges when trying to refinance their home loans. However, certain lenders are now reducing the serviceability buffer, making it easier for refinancers to access better rates.

If you are a first-home buyer, now is a great time to enter the market, according to one of Australia's leading property economists. With favorable conditions and potential growth, it's an ideal opportunity to secure your dream home.

Refinancing cashback deals may soon become a thing of the past, as major banks and smaller lenders plan to phase out this incentive. If you're considering refinancing, it's important to explore your options sooner rather than later.

There are several reasons why you may be able to secure a lower interest rate on your home loan. Lenders consider various factors, and if these have changed since you initially took out your loan, you could potentially access a more competitive rate.

Leading property economists are predicting significant growth in prices for established homes. This presents an exciting opportunity for homeowners and investors alike.

It's essential to remain vigilant against bank impersonation scams that have targeted individuals' life savings. Australia's consumer watchdog has raised concerns about these sophisticated scams and urges everyone to stay informed and protect themselves.

The recently announced 2023/24 Federal Budget may have implications for you starting from 1 July. We highlight the key points that could potentially impact your financial situation.

While the changing cash rate has impacted many homeowners, it's important to consider its effect on other loans, such as car loans. The impact varies, and our experts can provide personalized advice based on your specific circumstances.

With low vacancy rates and strong rent growth, the market is in need of more property investors. Increasing rental supply can help alleviate demand and create opportunities for investors.

The Australian banking system has been lauded for its strength and stability. While recent events have raised concerns, the likelihood of a bank collapsing remains low. However, it's important to understand the potential consequences and safeguards in place.

The connection between the cash rate and interest rates for home loans is a topic of interest. We can help you understand this relationship and its implications for your mortgage.

New data from the Australian Bureau of Statistics (ABS) reveals a significant number of borrowers refinancing their home loans throughout the country. This trend highlights the importance of exploring refinancing options to secure lower interest rates.

Leading property economists suggest that the decline in Australian property prices is slowing down, based on the latest CoreLogic figures. This could indicate a more stable market for buyers and sellers.

As interest rates have increased, homeowners have been seeking ways to save costs. Debt consolidation is one option that many have considered, and we can provide guidance on whether it may be worthwhile for you.

For property investors, 2022 was a remarkable year, with consecutive quarters of rent increases for houses and units. This presents a favorable market for investors looking to capitalize on rental demand.

Inflation and economic growth play significant roles in determining interest rates. One of Australia's leading economists predicts that interest rates will plateau in the first half of the year, providing potential stability for borrowers.

We want to ensure transparency and inform you that there may be occasions where you may be charged a fee by your broker. Terms, conditions, and normal lending criteria apply.

At Loan Market WA, we are committed to providing you with the best loan options and personalized advice to meet your financial needs. Contact us today to discover how we can assist you on your loan journey.