Andrew Timms in East Brisbane, Queensland | Mortgage brokers

Andrew Timms

Locality: East Brisbane, Queensland

Phone: +61 488 029 908

Address: 5/125 Wellington Rd 4169 East Brisbane, QLD, Australia

Website: www.loanmarket.com.au/andrew-timms

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25.01.2022 Theres no doubt Australian homes have changed forever. Not only is your home now somewhere to store your things and rest your head at night, its a home office, a gym and a makeshift classroom, just to name a few. With these changes in mind, our choices in furniture, decor and even home layout are destined to be altered for good. What changes have we seen in our homes so far, and what can we expect to see in the future?

24.01.2022 You wouldnt leave the house for a job interview in pyjamas. Even if its a job interview over Zoom, youd make the effort to look business-like up top, even if youre wearing pyjamas on the bottom. When it comes to prepping your house for sale, the same logic applies. This doesnt necessarily mean making structural changes to the property and finally getting around to that bathroom renovation just as youre about to say goodbye. Instead, taking the time to style your property for real estate photography and inspections can add appeal to potential buyers.

23.01.2022 Australias official interest rate has been kept at an historic low of 0.25 per cent. Despite the Victorian Government imposing stage 4 restrictions across Melbourne on the weekend to contain a second wave of COVID-19 infections, the Reserve Bank board has chosen to keep interest rates on hold. Last month, Reserve Bank governor Philip Lowe raised the prospect of cutting rates further if necessary, perhaps to 0.1 per cent, but the board held off on taking further action at tod...ays meeting. In todays post-meeting statement, Dr Lowe said Australias economy was experiencing its biggest contraction since the 1930s, but the downturn was not as severe as earlier expected and a recovery was now underway in most of Australia.

23.01.2022 Australia’s housing market is already kicking out of its coronavirus slump with all major markets enjoying growth over the last month, except for Melbourne. According to CoreLogic’s home value indices, national real estate values enjoyed their first rise in six months during October. National values rose 0.4 per cent in a strong sign of buyers’ and sellers’ faith in the market, and of the importance of the sector in Australia’s recovery from our COVID-19 enforced recession.

22.01.2022 The missing piece in most property hunting Applying for your first pre-approval loan with the right lender can be mind-boggling to say the least. Which lender will loan you the amount you need? How quickly can they provide the approval? Will they accept you as a borrower? Will they give you the most competitive rate? With so many seemingly eye-catching deals catering to first home buyers right now, it is difficult to dissect the good from the bad and the downright ugly. Buyi...ng your first home is a chance to create so much: a home, a platform for your wealth, and a brick-and-mortar asset but a calculated approach is vital to ensuring slow pre-approval doesn’t cost you the dream. Here’s what you need to know about the puzzle that is pre-approval. https://bit.ly/2GsPhgK

22.01.2022 The Government has released a number of initiatives to help First Home Buyers get on the property ladder faster. It can feel a little overwhelming trying to understand all of the financial jargon and if you are eligible for the scheme. Lets dive into the details. For More Details: https://bit.ly/2Za8RF7

21.01.2022 Tired of feeling anxious and want to escape to a simpler world of cute cottages, dainty picnics, homegrown vegetables and the smell of freshly baked bread? Dont fear, #cottagecore is here and if the 383,000 Instagram posts are any indication, this idealised version of farming life is a welcome balm for the soul during the pandemic. In times of stress, where our capacities to cope feel taxed by the magnitude and complexity of the challenges we face, its not surprising that we yearn for a simpler life with fewer (perceived) challenges, says Professor of psychology at the University of Melbourne, Nick Haslam.

18.01.2022 The Reserve Bank of Australia has kept the official interest rate at 0.25 per cent but has warned Victorian restrictions are causing a massive dent to the states economy. In its monthly monetary statement, the central bank resolved to maintain the cash rate at 25 basis points, noting policy measures were sufficiently supporting the Australian economy. The decision is in line with the majority of Australias economists who were not expecting any change to the RBAs policy set...tings. Economists at ANZ, Westpac and Commonwealth Bank all forecasted no change to the official interest rate.

17.01.2022 Like so many growing families, we find ourselves at a real estate crossroad well and truly settled in our area, but have definitely outgrown our home. Do we renovate and stay in our lovely suburb, close to the kids schools, our favourite cafes and friends? Or find a bigger home, and completely avoid the stress of dealing with builders, picking out taps and living in chaos? In light of the governments recent Homebuilder scheme, offering a grant of $25,000 to those renovating or building, staying put is an enticing option. If you fit the criteria and the stars align, that is. For me, there are other reasons why I want to stay and while $25,000 would certainly ice my renovation cake, it wouldnt be the only reason

17.01.2022 Heres our pick of the best buys in Brisbane at the moment and they start at just $299,000-plus.

17.01.2022 Why everyones doing it Im not sure what the collective noun is for refinancers; a review, a revolt, a rave whatever it is, there are record numbers of them. We have more time at home to look at those nagging life admin tasks and were also realising that - in such a strange economic climate - we really dont need to be donating extra funds to lenders. ... Looking at the latest data, refinancing* is on trend. In April, Australian home-owners refinanced to the tune of $12 billion^. This is a huge volume of refinancing activity. Or so we thought. Along came May and $15.1 billion worth of loans were refinanced! That month, for the first time in Australias history, the value of refinanced loans was almost as high as the value of loans for property purchases. In 30 days, 33,712 people refinanced and, interestingly, three-fifths of those refinancers changed lenders. Often I hear clients say that theyd like to stay with their bank or lender, so they want me to see if I can get them a lower rate within an institution that is familiar to them. These days, it seems that old-school loyalty is going the way of the dodo. And for the better. Its about getting you more money in your pocket, right? Pandemic-induced uncertainty (for both the broader economy and our own personal financial circumstances) coupled with record low rates, economic stimulus and ferocious competition between lenders for your loan has been a catalyst for borrowers to rethink their current loan. Cuts to the cash rate to just 25 basis points** in March have now filtered through to home loans, taking mortgage interest rates to record lows. Ive been reaching out to my clients whose loans are starting to look less attractive and working with them on alternatives. If you feel like its time to look at yours, dont be a stranger. Im only a Zoom, call, text message, or email away. *Disclaimer: Any refinancing/access to home equity is subject to lender imposed terms and conditions including but not limited to loan serviceability, valuations and confirmed capacity to service both any existing and revised lending arrangements. This document has been created by Loan Market Pty Ltd (ABN 89 105 230 019, Australian Credit Licence no. 390222). It provides an overview or summary only and it should not be considered a comprehensive statement on any matter. You should before acting in reliance upon this information seek independent professional lending or taxation advice as appropriate specific to your objectives, financial circumstances or needs. Information included has been sourced from third parties and has not been independently verified. Accordingly, Loan Market Pty Ltd is not in any way responsible for nor provides any warranty express or implied as to its accuracy or relevance.**The current official cash rate as determined by the Reserve Bank of Australia (RBA) is 0.25% as at 4 August 2020. Source^https://www.finder.com.au/press-release-july-2020-record-hi

17.01.2022 Why is the Queenslander home so beloved across the country, invariably appearing among the top most-searched-for terms on realestate.com.au? Because theyre a classic, thats why. Lets first recognise that I come at this with some bias. Im a Queenslander and Queenslander homes are by and large my favourite type of home. But I also happen to think the design elements of the humble, original Queenslander have a thing or two to offer modern Australia.

16.01.2022 A growing number of Australian politicians and economists are calling for one of the countrys most cumbersome taxes to be overhauled, to better cushion the economic fallout from COVID-19. Stamp duty is a huge revenue source for Australian governments, stumping up almost a quarter of some states budgets. But experts argue the tax is inefficient as a revenue stream given its yield rests on turnover in the property market.

16.01.2022 Despite the uncertain economic outlook, banks and financial advisers are expecting a rush of applications when the next release of the First Home Loan Deposit Scheme (FHLDS) places opens on July 1. The FHLDS is a government measure designed to help people enter the property market for the first time. Rather than providing first-home buyers with a cash grant or a deposit, the scheme provides banks with a guarantee for up to 15 per cent of the propertys value. In practice, it means first-home buyers who are successful in getting one of the schemes coveted spots can buy a home with as little as 5 per cent deposit without having to pay lenders mortgage insurance (LMI).

15.01.2022 Ironically, our native species are often last on the list of edibles we tend to grow in our backyard patches. And boy, are we missing out! Choosing endemic or local species provides a lower maintenance and edible alternative to common exotic species. Many native edibles are already being used as street trees and plantings in our public spaces, but there are thousands more growing throughout Australias diverse landscape. I learnt a great deal about native plant uses by taking... a guided tour in The Royal Botanic Garden Sydney, led by the Cadigal people. Here are nine natives Ive successfully grown (and loved to grow) throughout my Sydney gardens.

15.01.2022 An analysis of property prices in the first five months of 2020 suggests apartments and more affordable regions have so far born the brunt of the economic downturn, while experts point to surprising resilience in inner-ring capital city markets. People who can afford more expensive real estate have probably not experienced the same impact as others from COVID, said realestate.com.aus director of economic research, Cameron Kusher.

15.01.2022 Be in the know this EOFY Are rates getting lower? Rates are at a historic low and have been for a while, with some banks offering Fixed Rates at a discount to the variable offering. What are the benefits? Lower rates mean you could pay off your loan faster, lower your repayments, and save more (and thats just the beginning). I can help by scouring the market of over 60 banks and lenders to negotiate a more competitive rate. ... Is there a long wait time to get a loan? Due to the current environment, some banks and lenders have been heavily impacted with overseas processing centres closed or at reduced capacity, while others have had a big influx of clients. https://bit.ly/3hMf9C1

13.01.2022 Winter arrives slowly, and then all at once. My toes felt it first. The second they hit our wooden floor, yesterday I decided to break the first cardinal rule of working from home no pyjamas. I dug out the fluffiest, chunkiest pair of socks I could find, chucked a dressing gown over my clothes and flicked the kettle on. Five years of share house living has taught me that a heater is a rare luxury, and how to heat my home on the cheap.

13.01.2022 New 5.0-star Review: "I have recently had the pleasure of dealing with Andrew Timms from Loan Market. From initial contact right through until the end was fantastic.Customer service was outstanding and made us feel prioritized to achieve the ultimate goal, our first home purchase. The level of commitment, positivity, professionalism, support and tenacity shown by Andrew and Lanah was outstanding. We highly recommend Andrew and we sincerely thank you and Lanah for your hard work. We wouldn’t have obtained our home without you."

13.01.2022 The Reserve Bank of Australia has cut the official cash rate to a new historic low of 0.1 per cent. The bank also cut its yield target on the Australian three-year bond to 0.1 per cent. The RBA had been widely expected to cut the cash rate and yield target to 0.1 per cent, with just four of the 30 economists surveyed by Bloomberg forecasting it would hold.

12.01.2022 What happens to the property market when interest rates hit rock bottom? Or when the share market takes a dive? We asked some industry experts about the links between the financial markets and the Australian property market. Interest rates Domain economist Trent Wiltshire says interest rates are one of the biggest drivers of the property market. ... When interest rates are low, the lower cost of holding a property creates a higher demand for real estate, which in turn pushes prices up. At the moment its a little bit different because of what were going through in terms of COVID-19, Wiltshire says.

12.01.2022 The Reserve Bank is holding out hope the economy is withstanding the coronavirus shutdown better than expected despite a record 1.6 million people now relying on unemployment benefits and wages growth evaporating for those with work. Ahead of the release of the March-quarter national accounts, which every major bank economist expects to show the economy contracting through the first three months of the year, RBA governor Philip Lowe said there were positive financial signs due to the nations success controlling the spread of coronavirus.

12.01.2022 As we collectively set our new years resolutions with hope and eagerness for what 2020 had in store for us, many of us proclaimed: Its our year. But it turns out 2020 hasnt been The Year for many of us. I will say though, it has been The Year for our homes. With more of us spending exponentially more time indoors, were finally paying attention to the walls in which we reside with greater love, care and diligent affection. Homewares brands are weathering the economic storm much better than other industries as people turn their safe spaces into sanctuaries.

12.01.2022 Fresh data has revealed the suburbs where house prices fell the most during COVID-19, and the biggest drop has come from the most surprising area. Comparison firm Finder.com.au reviewed all suburbs in Queensland to track house price changes since January this year in the process uncovering where deals could potentially be found.

11.01.2022 $25k HomeBuilder offer First Home Buyer Market Trends In the midst of the craziness that is 2020, there is always a silver lining. A couple of days ago, the federal government announced a $700 million housing package for Australians to access $25,000 grants to build a new home or start a major renovation. ... What does that mean for you? As a first home buyer or owner-occupier, understanding what federal grants, incentives and discounts that are available to you can be a nightmare. Weve cut through the headlines and jargon and created a snapshot of the HomeBuilder Grant. Heres everything you need to know. https://www.loanmarket.com.au//andrew-timms/news/25k-homeb

10.01.2022 Most of us care about presenting our home in the best possible light, but things like shabby paint and overgrown gardens wont just put guests off they could disappoint potential buyers too. Maintaining the outside of your home is especially important when considering putting your home on the market. But it pays to spend your money wisely outside as big changes can quickly blow your budget. Weve spoken to building and renovation expert Richard Armstrong from The Makeover Group to get his tips on adding value to your outdoor areas without spending big

09.01.2022 Australias interest rates will remain on hold at the record-low level of 0.25 per cent as the nation works to claw its way back from the economic damage caused by COVID-19. The Reserve Bank of Australia (RBA) today said it would not slash rates further as more sectors of the country re-open for trade. The official cash rate dropped to 0.25 per cent in March after the RBA decided to make two emergency drops in rates from 0.75 per cent.

09.01.2022 As weve been living more closely with families and house mates through COVID-19, the more intensive ways weve used our houses has perhaps exposed some of their shortcomings. Households have had relative freedom to interact with each other, but the continual presence of our household has also made us wish part of our house could somehow partition itself into another house a second house where we might retreat. Having to work and school from home has highlighted the need for the spaces we share to be more flexible. Occasionally, we need to be able to separate home spaces from each other. Weve perhaps opportunistically repurposed furniture, made makeshift rooms and stuffed blankets under locked doors in an attempt to renegotiate territories within our house.

08.01.2022 When you think about saving money, the first tips that probably spring to mind are eating out less and avoiding Friday night drinks. And when the coronavirus crisis took away those options, you might have assumed that youd be saving more money than usual. While many people did find themselves with more money in the bank, for others the pandemic proved its not that simple. While many Australians might not have been spending Friday night at the bar or visiting a nail salon for a fortnightly manicure, the wallet didnt really seem to be in any better shape. If this sounds like you, youre not alone.

08.01.2022 Lets kick off with rates, are they getting lower? Rates are at a historic low and have been for a while, with some banks offering Fixed Rates at a discount to the variable offering. What are the benefits? Read on to find out more. https://bit.ly/306hYYv

08.01.2022 A growing number of Australians appear to be tapping into their retirement nest egg to keep a roof over their head. Many were already grappling with high living costs well before the COVID-19 pandemic came along and stripped one million jobs from the economy this year. Now, its even tougher to cover the cost of housing, with evidence suggesting superannuation is being used to cover mortgage and rental payments.... Real estate agents were rapped over the knuckles by the industry watchdog after some had been caught advising tenants to withdraw super early to pay overdue rent. This was deemed to constitute unlicensed financial advice. But some households feel they have no other choice.

07.01.2022 When The Block 2014 winner Shannon Vos renovated his fairly basic kitchen he didn’t spend a fortune just over $5000. But he estimates he managed to add a whopping $15,000-$20,00 to the price of his apartment when it sold a few weeks later. I think that renovation definitely helped the sale, he explains. The rest of the house was looking fresh and all we had to focus on was painting and fixing the floors. The kitchen was the one space that took a bit of effort.

07.01.2022 If youre one of those people, you may be converted once you realise how simple it is to keep your electronics clean. Phones and laptops have become an indispensable part of everyday life, but with increased use comes increased filth, and our gadgets have become a favourite place for bacteria and grime. If you ever looked at your phone under a microscope youd be shocked at what youd see. But it doesnt have to be that way. Here are simple ways to keep your electronics clean that will satisfy even the most ardent germaphobe.

05.01.2022 Yes, many people mocked me when I had a giant, 2.5-metre wide desk installed in my home office, but how was I to know the coronavirus crisis would turn it into such a disastrous decision? Ever since my wife was forced to start working from home, however, Ive seen her eyeing up all the spare real estate on which I usually spread out a truly incredible amount of unnecessary rubbish (I used to work in newspaper offices, so chaos feels comforting).

04.01.2022 At the risk of sounding like your Year 11 English teacher, a job well done is all in the preparation you put in. It was true back in high school and its true of your next DIY job, too.

04.01.2022 While talk of state governments potentially scrapping stamp duty is positive, property experts warn that the tax wont be scrapped without a replacement, which could possibly be more expensive over the life of your property purchase. Veronica Morgan, real estate agent, property expert and host of Location Location Location on Foxtel warned buyers not to hold off purchasing due to the tantalising promise of lower taxes. Why? Because the newer version of stamp duty might end up costing home buyers more in the long run.

03.01.2022 Its been good news around the country in the past few weeks. Australia is flattening the curve and getting a handle on COVID-19, meaning restrictions have been eased and small social gatherings are back on the cards. But while many people have struggled with staying isolated and away from loved ones, the easing of restrictions has also brought a heightened level of stress and anxiety. Not everyone is excited for socialisation, and not everyone is feeling great about reduced restrictions.

03.01.2022 When youre looking for design inspiration, you dont need to look any further than an interior designer. But beyond creating beautiful projects for their clients, interior designers have their own unique taste in homewares and decor. Two interior designers have shed insight into what they are loving at the moment, and what we can expect to see in homes all around Australia in the months ahead.

03.01.2022 No matter how old someone is, Aussies can always rely on mum and dad in times of need and the current coronavirus crisis is no exception. The economic fallout of the countrys response to the COVID-19 epidemic includes a sharp rise in unemployment and a slump in economic growth. Now, an unexpected consequence is emerging and its causing a trend thats been dubbed generation boomerang.

02.01.2022 Whats going on in the property market? Is now the right time to buy? Should I sell? What about investing? All questions that many Australians are asking right now. We gathered some insights from our partners at Ray White and want to give you the low down. Last month, the national auction clearance rate was 73.3%. A great result in any market. Plus, Ray Whites national auction clearance rate sits at 53%, this is only marginally down from the 57% recorded in the peak 2019 spring selling season and ahead of where it was in May 2019 at 47%.** https://bit.ly/37RkfZs

02.01.2022 Happy Fathers Day...! #fathersday2020 #fathersday

01.01.2022 Selling a home you live in can be a high-pressure situation, but it doesnt have to be high-stress. Here are 5 easy steps to preparing your house for sale.

01.01.2022 Despite COVID-19 lockdowns and border closures putting a damper on activity in many Australian cities, it appears top-shelf, inner city living is still a major drawcard for house hunters, particularly in Melbourne. A city known for its nightlife, foodie culture and cosmopolitain atmosphere, metropolitan Melbourne has never been less vibrant than during its current stage four lockdown but while the city endures its most challenging time, its spring property report card has revealed more positive results.