Break Free Home Loans in Melbourne, Victoria, Australia | Mortgage brokers

Break Free Home Loans

Locality: Melbourne, Victoria, Australia

Phone: +61 424 677 002

Address: 1416/401 Docklands Drive 3008 Melbourne, VIC, Australia

Website: http://breakfreehomeloans.com.au

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23.01.2022 Happy Friday To All! Beautiful Day Again!

23.01.2022 Record-low interest rates drive a surge in home loan activity There has been a massive increase in home loan borrowing over the past year, according to the latest data from the Australian Bureau of Statistics. Australians took out $22.5 billion of mortgages in September a 25.5% jump on the year before. That included increases of:... 33.8% for owner-occupiers 4.2% for investors There was also a massive increase in first home buyer activity among owner-occupiers. First home buyers took out 13,569 loans in September. That was not only up 45.5% on the year before, but was also the highest figure in 11 years. The surge in borrowing comes as no surprise interest rates are at record-low levels. And with governments around Australia providing assistance for first home buyers, it’s no surprise to see so many younger buyers entering the market.

17.01.2022 Hot Off The Press! Standard Variable 2.29%p.a. with Offset (comp 2.66%p.a.) - This is not a holiday rate & comes with 100% offset account. The comparison rate is slightly higher as the product has an annual $299 fee - which is still cheaper compared to the major banks who charge $395/year. ... Jump onto my payment calculator to see how much you can save! https://breakfreehomeloans.com.au/calculators/

15.01.2022 Home Builder Incentive from Federal Government - Are you eligible for $15K? click on link below for more information https://treasury.gov.au/coronavirus/homebuilder

13.01.2022 More first home buyers get mortgage help The federal government has doubled the number of openings for its popular First Home Loan Deposit Scheme. When the scheme started in January, only 10,000 eligible first home buyers were able to participate each financial year. That has been increased to 20,000 for this financial year.... Under the scheme, the government acts as a guarantor for eligible first home buyers, allowing them to: Take out a mortgage with just a 5% deposit Skip the usual requirement to pay lender’s mortgage insurance (LMI) The scheme includes 27 participating lenders who are now accepting applications. To be eligible, you must earn no more than $125,000 for singles and $200,000 for couples. Also, you must purchase a home under the price cap, which ranges from $250,000 in regional South Australia to $700,000 in Sydney. Property and finance can be complicated, so don't be afraid to ask questions. You can call me any time you need help. Property and finance can be complicated, so don't be afraid to ask questions. You can call me any time you need help.

11.01.2022 Beautiful day looking from the Break Free Home Loan office in Docklands

07.01.2022 VICTORIAN GOVERNMENT STAMP DUTY WAIVER & CONCESSIONS On Tuesday, 24 November, Victoria passed down its 2020-21 state budget, revealing a host of support measures intended to stimulate the housing market and building industries, including stamp duty discounts of up to 50%. Key Points, Pro's & Cons... 1. The savings differ for new and existing homes and there’s a price cap. Victoria’s full 50% stamp duty relief applies to those buying newly built homes valued up to $1m, while Australians purchasing existing homes can access a 25% waiver up to the same $1m mark. No better time to get into the market with % starting with a 1. First Home Buyers purchasing in the region of $600K to $750K do not ordinarily receive the full stamp duty exemption. BUT now can use the $25K waiver (new housing) and $15K waiver (existing housing) to add further to the FHOG concessions. NOTE: the stamp duty waivers (Vic State Gov) are valid till end of June 2021. So you must settle any property before this date to be eligible. 2. The discounts have a deadline. The stamp duty waivers are only available from this week through to the end of June 2021 a relatively short, seven-month window. 3. It could push people's price point up. - Vendors putting their house on the market may get more for the property since there is a restricted period for these buyer concessions (ie end of June, 2021). 4. The discounts could help bring investors back to the market. - Discount is not reserved for owner-occupiers alone, it also applies for investment properties so this may bring investors out in the market.

05.01.2022 Compare other Lenders with your current lender - see how much you can save https://breakfreehomeloans.com.au

02.01.2022 Good day for a stroll in Docklands. Slowly the people are coming back to Docklands great scenery and lifestyle. Maybe the weather will get better as well. Who knows in Melbourne!