FirstChoiceHomeLoans

Providing Australians with expert advice, working with a wide range of networks to provide you with a home loan that suits your individual needs.

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5 ways to strengthen your home loan application

Lenders assess far more than just your income. Taking a few steps before you apply can make a real difference to your chances of approval.

Check your credit report – Look for errors, defaults or missed payments before a lender does.

Reduce unused credit card limits – Lenders assess cards at their full limit, not just the balance you carry.

Show consistent savings – Regular deposits into a savings account signal good financial habits.

Pay down existing debts – Car loans, personal loans and buy now, pay later balances all reduce your borrowing capacity.

Avoid new credit applications – Multiple enquiries on your credit file in a short period can raise concerns for lenders.

A mortgage broker can review your financial position and help you compare your options before you apply.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

[FirstChoiceHomeLoans @First_Choice_HL]

Home value growth slows but remains positive

Australia’s housing market continues to grow, with national home values rising 0.3% in April according to Cotality. While Sydney and Melbourne saw modest monthly dips of 0.6%, most markets are still trending upward.

Perth remains a standout performer, with values up 2.1% in April alone, adding more than $21,000 to the median dwelling value. Brisbane, Adelaide and Darwin also continued to grow, each recording monthly gains above 1%, reflecting the strength of demand across the mid-sized capitals.

Regional markets are also particularly strong, rising 4.2% over the first four months of the year, more than double the 1.8% recorded across the combined capitals. Bunbury in WA led the smaller markets with growth of 9.8% year-to-date, while no regional market saw a decline over the period.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

[FirstChoiceHomeLoans @First_Choice_HL]

RBA UPDATE | Effective May 6, 2026

For its May meeting, the Reserve Bank of Australia (RBA) has raised the official cash rate by 0.25 per cent to 4.35 per cent, marking the third consecutive rate rise of 2026. The decision was narrowly split, with eight Board members voting to increase rates and one member voting to hold, highlighting growing concern about the balance between inflation and household pressure. This is the first time the cash rate has sat at 4.35 per cent since the period between November 2023 and February 2025.

According to the RBA, inflation remains uncomfortably high, with global risks – particularly the ongoing conflict in the Middle East – adding to energy costs and broader price pressures. At a household level, the decision has raised renewed concerns about affordability. Interim Finance Brokers Association of Australia CEO, Peter White warned, “I’m not an economist but it’s not rocket science that this affects lower income earners more than anyone else.”

Meanwhile, in the property market, Brisbane is quickly establishing itself as one of the world's most dynamic luxury property markets, driven by Olympic infrastructure investment, severe stock shortages and record levels of wealth creation. Looking ahead, Brisbane, the Gold Coast and Perth are tipped to be the top performing luxury markets in 2027, with 2% growth forecast in prestige residential prices, according to the recent Knight Frank's Wealth Report.

If you're unsure how this change impacts your mortgage or borrowing capacity, a no obligation review with a mortgage broker is worth considering.

The RBA’s next meeting is scheduled for Tuesday, June 16.

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[FirstChoiceHomeLoans @First_Choice_HL]

Rightsizers driving boom in prestige apartment market

Australians are increasingly moving from traditional family homes into luxury apartments, driving a boom in the prestige apartment market.

McGrath Research data reveals that the number of prestige apartments sold in 2025 has tripled over the past decade, signalling a sustained shift in buyer preferences toward high-end apartment living.

McGrath CEO John McGrath said the prestige apartment segment has been the strongest performer in recent years.

"Prestige apartments have been the strongest market segment in the last few years as high-net-worth individuals choose luxury, security and lifestyle in apartments over houses," Mr McGrath said.

"Demand has increased dramatically as luxury apartments have gone to a whole new level in design, finishes and amenities."

Queensland has emerged as the leader in this market shift, accounting for 43 per cent of East Coast prestige apartment sales in 2025. NSW followed with 41 per cent, while Victoria captured 16 per cent of the market.

Mr McGrath said Southeast Queensland has become particularly attractive for luxury apartment buyers.

"Southeast Queensland has become the favoured location for many looking for luxury apartment living as pristine beaches and rivers become perfect backdrops for beautiful buildings," he said. "The strongest demand has been for prime locations with easy access to major cities as most buyers in these apartments are still living very active and vibrant lives."

Price growth has been substantial across all major markets. Over the past five years, new prestige apartments have significantly outperformed established units, rising 88 per cent on the Gold Coast, 60 per cent in Brisbane, 34 per cent in Sydney, and 32 per cent in Melbourne.

Analysts attribute this growth to larger floor plans, premium amenities, superior materials, and a historically low supply of new luxury apartments relative to Australia's growing wealthy population.

Michelle Ciesielski, McGrath's National Head of Research, said the industry identified the rightsizing trend early and adapted accordingly.

"After identifying the emerging rightsizing trend in Australia back in 2020, there has been more than double the delivery of apartments with three or more bedrooms, and the average apartment built was one-third larger," Ms Ciesielski said.

By 2028, 40 per cent of apartments in prime regions of Melbourne and Brisbane will likely feature more than three bedrooms, with 34 per cent on the Gold Coast and 31 per cent in Sydney.

Car parking has become a significant value driver. Sydney commands a 62 per cent price premium for three-bedroom apartments with more than four car spaces compared to just one, while Brisbane shows a 47 per cent premium, Gold Coast 46 per cent, and Melbourne 41 per cent.

More than two-thirds of buildings across Sydney, Melbourne, and Brisbane CBDs now feature pools and gyms as standard inclusions.

"Many rightsizers are seasoned global travellers, shaping their expectations for amenities in their new home based on luxury hotel experiences. Australia has a long way to go and developers might consider get this balance right given the more competitive marketplace," Ms Ciesielski said.

Despite strong demand, the cost of delivering premium apartments remains elevated due to rising material prices and a shortage of skilled labour.

"High-net-worth demand for luxury downsizing remains strong, although purchase price and ongoing costs will likely be a decisive factor when giving up the space of a family home," Ms Ciesielski said.

"Our study found that prestige apartments generally incur lower upkeep costs compared to similar quality standalone houses, when sinking funds are appropriately managed."

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Gold Coast rental prices now exceed Sydney as market stabilises

Australia's rental market has shifted from acceleration to consolidation, with lifestyle destinations now commanding higher prices than traditional capital cities.

National weekly house rents have reached $650 and unit rents $625, with annual growth running at 4.8 per cent for houses and 4.2 per cent for units, according to Ray White's latest rental analysis. However, the data reveals some surprising new locations that are seeing very high demand.

The Gold Coast has emerged as the most expensive capital city market for houses, with median weekly rents hitting $950, well above Sydney at $810 and Melbourne at $575. Perth houses now rent for $700 per week, ahead of Brisbane at $675 and Adelaide at $625.

Ray White Chief Economist Nerida Conisbee said the shift represents a big change in the rental landscape.

"This shift in relative affordability is notable," Ms Conisbee said.

"Historically, Sydney and Melbourne have dominated the upper end of the rental market. Today, lifestyle and smaller capital markets are competing at the top of the pricing spectrum."

The Gold Coast is also leading capital city rental growth at 8.6 per cent annually for houses, followed by Hobart and the Sunshine Coast. Perth, Adelaide and Brisbane remain positive but are moderating, while Sydney recorded modest growth of 1.2 per cent and Melbourne edged slightly lower over the past year.

The unit market shows different dynamics. Adelaide is recording double-digit annual growth of 10 per cent, with Perth and Brisbane also posting strong gains. Sydney and Melbourne units are growing at more moderate rates of 4.3 per cent and 3.6 per cent respectively.

Melbourne presents a unique situation among major capitals. While recording the weakest annual rental growth, it is the only major capital where rental growth has outpaced price growth since 2020. House prices have risen 32 per cent over that period, while rents have increased 37 per cent.

"The moderation in capital growth has not translated into lower rents across the cycle," Ms Conisbee said. "Instead, the burden of adjustment has been carried more through income than capital gains."

Regional data shows rental acceleration has become concentrated in specific areas. Several Adelaide regions continue to post double-digit unit growth, Perth's outer-metro house markets are recording firm annual gains, and parts of regional Queensland continue to exceed the national average.

Inner-city unit markets are also stabilising at elevated levels. Parts of inner Melbourne, inner Sydney and Brisbane's inner city have firmed following the post-pandemic rebound in migration and student demand, with vacancy rates remaining tight.

Ms Conisbee said the national picture represents a transition rather than a downturn.

"The surge phase may be behind us, but rents are not retreating nationally. Instead, Australia's rental market is recalibrating, with sharp differences in cost and momentum between cities."

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[FirstChoiceHomeLoans @First_Choice_HL]

Why timing matters when applying for equipment finance

When businesses need new equipment, many focus on the price or loan terms. But timing could play a surprisingly important role in how smoothly the finance process goes and how much you ultimately pay.

Here are a few reasons why planning ahead could make a difference.

Supplier discounts could appear at key times – Manufacturers and dealers often run promotions at the end of financial quarters or calendar years.

End-of-year budgets could unlock opportunities – Some suppliers and lenders are more motivated to finalise options as financial years or reporting periods close, which could create favourable pricing or faster approvals.

Lender processing times vary – During busy periods, such as the start of a new year, lenders often receive a surge in applications. Applying early could help avoid delays when businesses need equipment quickly.

Stock availability could change quickly – Popular machinery, vehicles or specialised equipment could sell out fast. Securing finance in advance could help businesses move quickly when the right asset becomes available.

For businesses planning upgrades or expansion, thinking about timing early could help avoid delays and potentially reduce costs. Speak to a finance broker and let them help compare your options.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

[FirstChoiceHomeLoans @First_Choice_HL]

Why cash flow matters more than profit for growing businesses

Many business owners focus on profit when reviewing their financial performance. But when it comes to growth and borrowing, cash flow often matters far more.

This is why lenders pay close attention to cash flow when assessing business finance applications.

Cash flow determines repayment ability – Lenders want to see that your business generates enough consistent cash to comfortably meet loan repayments.

Timing matters – If clients take 30, 60 or even 90 days to pay invoices, a profitable business could still experience short-term cash shortages.

Growth could increase pressure – Rapid expansion often means higher upfront costs for staff, stock or equipment before revenue catches up.

Strong cash flow builds lender confidence – Businesses that manage working capital well are often viewed as competitive choice.

If your business is growing, speak to a finance broker, who could help compare your options.

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[FirstChoiceHomeLoans @First_Choice_HL]

How to improve your borrowing power before applying for a home loan

If you’re planning to buy a property, your borrowing capacity will likely largely determine how much you could spend. Lenders assess a range of factors when calculating how much you could borrow, and small changes to your finances could sometimes make a meaningful difference.

Here are a few ways borrowers often improve their position before applying.

Reduce credit card limits – Even if you rarely use them, lenders assess your credit cards based on the full limit. Lowering unused limits could improve your borrowing capacity.

Pay down personal debts – Car loans, personal loans and buy now pay later balances could reduce how much you could borrow. Clearing smaller debts could help strengthen your application.

Review your spending – Lenders closely analyse living expenses. Cutting unnecessary subscriptions or discretionary spending could improve serviceability.

Avoid new credit applications – Applying for additional credit before a home loan could impact your credit report and borrowing capacity.

Build a financial buffer – Consistent savings and a healthy bank balance could demonstrate strong financial management to lenders.

A mortgage broker could review your current position and help compare your options.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

[FirstChoiceHomeLoans @First_Choice_HL]

5 common mistakes to avoid when applying for car finance

Getting car finance could feel straightforward, but small mistakes during the application process could end up costing far more over the life of the loan. If you're planning to finance your next car, avoiding a few common pitfalls could help you secure a better option and avoid unnecessary stress.

Here are five mistakes to watch out for.

Not checking your credit score first – Your credit history plays a big role in loan approval and interest rates. Checking your score beforehand could help you understand what lenders will likely see and whether you may qualify for better terms.

Ignoring fees and charges – Interest rates often get the attention, but establishment fees, account-keeping charges and early repayment penalties could add significantly to the total cost of a loan.

Not comparing lenders – Banks, credit unions, online lenders and dealership finance could all offer different rates and conditions. Talk to a finance broker and let them help compare your options.

Focusing only on the monthly repayment – A competitive monthly payment may simply mean a longer loan term. It’s important to consider the full cost of the loan over time.

Rushing the paperwork – Always read the loan terms carefully. Taking time to understand the agreement could help avoid unexpected conditions or costs later on.

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[FirstChoiceHomeLoans @First_Choice_HL]

New subsidy could lift childcare investment demand

A new federal childcare subsidy could increase demand for early learning centres and strengthen investor interest in the sector.

From January 5, the federal government introduced the “three-day guarantee”, giving families access to 72 hours of subsidised childcare per fortnight, regardless of their work or study activity.

Research from CBRE suggests the policy could significantly lift demand for childcare places. The firm estimates enrolments could increase by up to 24,000 places per year if take-up of the subsidy is strong. Under normal conditions, annual demand typically grows by about 11,000 places, meaning the policy could more than double the pace of growth.

Australia’s childcare property sector is already substantial. According to CBRE data, the market is worth around $60 billion and includes roughly 9,750 long day-care centres nationwide, with the majority located in NSW, Victoria and Queensland.

Investment yields for childcare assets generally range between 4 and 6 per cent, depending on location and lease structure. Many centres operate under long leases of 15 to 20 years, often with CPI-linked rental increases and partial government-backed revenue.

These factors, combined with rising demand for childcare services, are helping position early learning centres as a specialised but increasingly active sector.

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[FirstChoiceHomeLoans @First_Choice_HL]

Ageing population set to reshape commercial property demand

Australia’s ageing population is expected to reshape parts of the commercial property market over the next decade, with demand shifting toward healthcare and service-based assets.

New projections from the Centre for Population’s 2025–26 federal budget population outlook show Australia’s population is expected to grow by around 3.5 million people by 2036. However, the fastest-growing group will likely be those aged 70 and over, which is projected to increase by more than 1.1 million people.

This demographic shift is expected to drive stronger demand for healthcare-related commercial property, including medical centres, specialist consulting suites, diagnostic facilities and rehabilitation services.

Growth in the 40–54 and 55–69 age brackets is also forecast to increase demand for professional services such as financial planning, legal services, insurance and wellness providers.

At the same time, slower relative growth in younger age groups could temper expansion in sectors heavily reliant on younger consumers, including some inner-city hospitality and discretionary retail precincts.

According to analysis of the population data, established suburban areas where older Australians are more likely to age in place may see stronger long-term demand for healthcare services and neighbourhood retail.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

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Housing market splits as Perth leads growth

Australia’s housing market is starting to diverge, with Perth surging ahead while Sydney and Melbourne show signs of slowing.

Two months into 2026, home values in Sydney and Melbourne have largely flatlined, with Sydney prices down slightly over the past quarter and Melbourne recording a modest decline, according to CoreLogic. In contrast, mid-sized capitals continue to post solid gains.

Perth is leading the country, with home values rising 2.3 per cent in February alone, adding more than $22,000 to the median dwelling value in just one month. Brisbane, Adelaide and Hobart also recorded monthly growth above 1 per cent, continuing the momentum seen throughout 2025.

A major driver of the divergence is tight supply in the mid-sized capitals. Listings in Perth remain about 48 per cent below their five-year average, while Brisbane and Adelaide are also well below typical stock levels.

Meanwhile, new listings are starting to increase in Sydney and Melbourne, with fresh stock above long-term averages in both cities. This suggests some sellers may be looking to get ahead of softer conditions.

Across the country, demand remains strongest for more affordable homes, where first-home buyers and investors are competing most heavily, while higher-priced properties are seeing less momentum.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

[FirstChoiceHomeLoans @First_Choice_HL]

Adelaide homes selling faster than any other capital city

Adelaide has emerged as Australia’s fastest-moving property market, with homes selling significantly quicker than in any other capital city.

New PropTrack data shows houses across Greater Adelaide are spending a median of just 22 days on market, while units are selling in 23 days, both well below the national average of around 32 days.

Other capital cities are taking longer to secure buyers. Homes in Sydney, Melbourne and Brisbane are typically sitting closer to a month on market, while the ACT recorded a median of 25 days for houses and a much slower 49 days for units.

Some Adelaide suburbs are moving even faster. Units in Blackwood and houses in Bridgewater are selling in as little as 14 days, with several other suburbs recording median selling times of just over two weeks.

The rapid pace of sales comes as Adelaide continues to record strong price growth. Median house values are approaching $1 million after rising more than 12 per cent over the past year, while unit prices have climbed more than 14 per cent to roughly $680,000.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

[FirstChoiceHomeLoans @First_Choice_HL]

RBA UPDATE | Effective March 18, 2026
For it’s second meeting of the year, the Reserve Bank of Australia (RBA) has once again raised the official cash rate by 0.25 basis points, bringing it to 4.10%. However, it was a divided decision, with the board voting 5-4. The majority supported a rate hike, whereas four members advocated to keep the cash rate on hold.

According to the RBA Board, the key reasons fuelling the increase included, inflation pressures hiking higher than expected and the Middle East-driven oil shock adding to rising costs. With the rising economic capacity pressures as well, the Board judged a rate increase necessary.

It does feel counter intuitive. When households are hurting, why make borrowing even more expensive? Think of it like back burning during a bushfire. Fire crews sometimes deliberately burn small areas to stop a much bigger, more dangerous fire from spreading.
By making borrowing a bit more expensive, the RBA slows spending in the economy, which helps stop prices from spiralling even further. Unfortunately, the side effect is that mortgages become more expensive in the short term, even though the goal is to stop everyday costs from getting worse.

If you have any concerns or want to check on your current mortgage situation, reach out to a mortgage broker for a no-obligation discussion.

The RBA’s next meeting is scheduled for Tuesday, May 5.

#march #raterise #housing #property #insights #mortgagebrokers
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[FirstChoiceHomeLoans @First_Choice_HL]

Is your business growth outpacing your working capital?
When new orders are coming in, but your cash flow can’t keep up, short-term finance may be the solution that keeps your business moving forward.

Here are four signs it’s time to act:
1. You’re delaying supplier payments to fund growth - Pushing out invoices can strain relationships. Finance can help smooth the gap and preserve goodwill.

2. You’ve landed new work, but can’t afford the upfront costs - From extra inventory to staffing, growth often requires spending before you get paid.

3. Your cash flow forecast is under pressure - Even healthy businesses can face crunches if payments are delayed. Invoice finance or a short-term facility may help.

4. You’re turning down opportunities due to cash constraints - If the only thing holding you back is cash, it’s time to talk funding options.

Speak to a finance broker to compare your options.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

[FirstChoiceHomeLoans @First_Choice_HL]

Perth’s premium office market facing a supply crunch

Perth’s premium office market is heading for a long-term supply drought, with no new top-tier buildings expected to be completed until at least 2033.

A new report from Knight Frank reveals that economic rents, the level of rent needed to make new developments financially feasible, have surged to levels not currently supported by market conditions. As a result, developers are unlikely to commence construction on new premium CBD office buildings until around 2030, with projects taking a further three years to complete.

The report found that economic rents in Perth have doubled since early 2021 and now sit at $1,280 per square metre. In contrast, forecast rents on completion are significantly lower at $880 per square metre, creating a substantial gap that continues to delay new projects.

Premium office supply is already tight, with no developments currently under construction beyond 2025. This is expected to place upward pressure on rents, which are forecast to grow by 9.1 per cent annually through to the end of the decade.

With vacancy rates tightening and demand for high-quality space remaining strong, tenants may face increased competition in the years ahead. Knight Frank suggests businesses may need to act early to secure space or reassess their footprint to adapt.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

[FirstChoiceHomeLoans @First_Choice_HL]

Brisbane emerges as Australia’s strongest office market for 2026

Brisbane is set to lead the nation in office market performance in 2026, with premium office rents in the CBD forecast to grow at a compound annual rate of 7.1 per cent through to 2030, well ahead of Sydney (5.7 per cent) and Melbourne (4.4 per cent), according to Knight Frank.

This growth is being driven by several factors, including internal migration, large-scale infrastructure investment, and a competitive tax landscape.

Premium buildings in the Brisbane CBD are seeing rapid uptake, while coastal regions such as the Gold Coast and Sunshine Coast are becoming increasingly attractive to long-term investors.

The Brisbane Trade Coast, underpinned by the Port of Brisbane and the airport, remains a standout precinct, with limited land availability pushing up values and rents.

Knight Frank believes Brisbane is shaping up as the country’s most resilient and potentially rewarding commercial market for the year ahead.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

[FirstChoiceHomeLoans @First_Choice_HL]

Why Melbourne’s commercial sector may offer the best value in 2026

After a quiet period, Melbourne’s commercial property market is now offering value for investors, according to JLL.

Assets in key locations are trading at discounts well below replacement cost, with yields that remain above long-term averages.

While the city has faced headwinds in recent years, this has created an opportunity for strategic buyers. Fringe office markets such as Cremorne have outperformed the broader metropolitan market, offering strong rental growth and proximity to key amenity and transport nodes. This makes them attractive for investors seeking mid to long-term upside.

Melbourne’s industrial market is also evolving. With the east largely built out, the focus has shifted to the city’s north and west, areas now confirmed by government as future hubs for industrial development. This long-term pipeline, combined with limited inner-city supply, positions these precincts for sustainable growth.
Meanwhile, Melbourne’s growing role as a regional data centre hub is attracting increasing attention, particularly from global capital seeking exposure to digital infrastructure.

As conditions stabilise, Melbourne presents a compelling case for investors willing to adopt a medium-term outlook and capitalise on the current value window.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

[FirstChoiceHomeLoans @First_Choice_HL]

Is debt consolidation right for you?

Multiple loans, credit cards, or lines of credit can quickly become overwhelming, especially when each comes with different interest rates, repayment dates, and fees.

Debt consolidation might offer a different way forward. Here’s how consolidating your debts can help:

Simplify your finances - Instead of juggling multiple repayments, consolidation lets you combine debts into one manageable loan, often with a single interest rate and repayment schedule.

Improve cash flow - If you secure a lower overall repayment, you could free up funds to reinvest in your goals, savings, or day-to-day expenses.

Get ahead of interest - Credit card debt and unsecured loans potentially carry higher interest rates. Consolidating into a structured loan may reduce the interest you’re paying overall.

Stay on track - Having one repayment helps reduce the risk of missed payments, defaults, or credit score damage.

If you want more control over your finances, speak with a finance broker today.

They can assess your situation and compare your options.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA

[FirstChoiceHomeLoans @First_Choice_HL]

How a home renovation loan can help

Whether you’re upgrading the kitchen, adding a new bedroom, or just freshening up tired interiors, home renovations can improve comfort and add value. But funding those upgrades isn’t always simple.

Here’s how a renovation loan can make the process easier.

Access funds without redrawing from your mortgage - A renovation loan gives you dedicated funds for your project, rather than dipping into your home loan or savings.

Tailored loan options - Depending on the size and scope of your project, you might use a personal loan, construction loan, or increase your existing mortgage.

Keep your savings intact - Rather than depleting your emergency fund or cash reserves, a renovation loan helps you preserve liquidity.

Spread costs over time - Instead of paying upfront, you can structure repayments over manageable monthly instalments to suit your cash flow.

Before starting your reno, speak to a finance broker to compare your options.

#firstchoicehomeloans #fchl #mortgagebrokerlife #mortgageadvice #homeloans #mortgagespecialist #interestrates #reservebankofaustralia #rates #RBA