Most homeowners and investors are long-term borrowers.

That is, they will have a mortgage for many decades.

We must realise that over many decades, there will be periods where interest rates will be higher than the average and vice versa.

Even though the property market has cooled from its pandemic-induced peak, Australia’s sky-high inflation, soaring cost of living, near record high interest rates and tightening lending requirements mean many would be first home buyers are still struggling to get their foot onto the property ladder.

And those who are homeowners might be struggling to keep up with hiking repayment costs.

The good news is there are a load of federal and state government incentives, initiatives, and schemes to help.

Here are seven things home owners need to know about refinancing in the current interest rate climate.

Auction markets around Australia have gone little crazy lately haven’t they? Currently 8 out of 10 properties going to auction each weekend are selling. These strong results are being driven by our current low interest rate environment, increasing consumer sentiment and FOMO (fear of missing out) creeping in.

Breaking up is hard to do … especially if you own property together.

Relationship breakdowns are hard on everyone and particularly so if there is property involved. During such an emotional time, financial missteps can be made which may have long-term implications.

Are you looking at buying your first home in Australia?

It’s exciting, terrifying, daunting, frustrating, and expensive – all at the same time!

Despite Australia’s property market has cooled from its pandemic-induced peak, thanks to relentlessly soaring interest rates and still-inflated prices, many first-home buyers are still struggling to get their foot onto the property ladder.

Given the surge in interest rates lately, I thought it was worth an update so here they are. Many Australians may know these, but unfortunately financial literacy is still not taught in schools and so many don’t. Otherwise, Australians would have far less trouble with their finances.

I wanted to explore the common strategies that people can use to safely maximise their borrowing capacity.