Oliver O'Callaghan Buyers Choice in Ringwood, Victoria | Financial service

Oliver O'Callaghan Buyers Choice

Locality: Ringwood, Victoria

Phone: +61 499 001 036

Address: Bader crt 3134 Ringwood, VIC, Australia

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24.01.2022 Thanks to Ringwood Little Athletics for having me as a sponsor this year. I really enjoyed going down and helping out every few weeks and was wrapped to be given the opportunity to present medals to the kids on the final day of the season. Looking forward to doing it again next year!

23.01.2022 If you are around the Croydon area today pop into the Sacred Heart Fete and day hello. Ive got a stand with some great news on current deals available for your home loan

23.01.2022 For those of you who havent been informed by your bank on what the recent rate cut means for you here is a rundown of what each bank is doing

22.01.2022 Morning everyone. If anyone out there is experiencing difficulties with home loan repayments over the coming months there is ways to ease the stress. People are already feeling the financial effects of the Corona virus with loss of work, reduced hours of work and less work for self-employed plus many other side effects. Banks have always been required to have a functioning and operational Hardship department that is required to offer assistance to any customer who is experi...encing financial, health or emotional hardship. A bank cannot open its doors and function without one. A client can be offered a number of ways to help them through a difficult time including up to 3 months off paying anything at allyes this applies to all facilitiesmortgages, personal loans and credit cards. The 3 months of reduced or zero payments can be extended under special circumstances. The trouble is that too many people do not know of the existence of the Hardship department at their bank and so when they get into trouble, they often do the bury your head in the sand trick hoping the issue will sort itself outwhen it doesnt, more serious issues arise including serious mental health issues. Banks are not mind readers and need to be told of the hardship. The recent announcements by federal government and legislators is encouraging the banks and lenders to be even more understanding and lenient towards customers who are experiencing hardship because of the effects of the Corona Virus on businesses and financial markets. Dont start telling the call center operator about your issuesjust tell the operator you must speak with the hardship department. Once on a hardship arrangement, you cannot be defaulted unless you break the conditions of that arrangement. Just this one simple action by you could save a lot of worry and heartache

22.01.2022 Breaking news - The RBA has just cut rates by 0.25% which means that the cash rate is now 0.50%. At this stage it is unknown how much the banks will pass on. If you need any advice please let me know

22.01.2022 SEPTEMBER 2020 FINANCE AND PROPERTY UPDATE As we near the end (hopefully!) of lock down 2 I thought it would be a good time to have a look at what the property and finance markets are doing & how they are trending. FINANCE...Continue reading

21.01.2022 Well it has been a hectic start to 2021 for both Real Estate and Finance not to mention a few dramas on our family summer holidays. We ended up being caught in the border closure and ended up having to stay in QLD for an extra 2 weeks. It could be worse! Here is a brief update on things that I am seeing and also trends in property and finance up until the end of January - FINANCE...Continue reading

21.01.2022 There are some huge incentives on offer for banks keen to win your business including - $2,000 refinance Cashback offer which is paid per security so if you have 3 properties you get $6,000! Min loan $250k per security $2,500 refinance cash back for a single security if loan above $500,000... $2,000 refinance cash back for any home loan over $250,000 If you would like me to review your home loan and check whether you are eligible for any of these deals send me a pm or give me a call. With rates on offer at under 3.00% it could be worth a look. Conditions apply.

20.01.2022 Great news! The banks relaxing their assessment rates. It will become easier to borrow a higher amount. One of the big banks has announced the assessment rate will drop from 7.25% to 6.5%. The banks all put a buffer on to the actual interest rate when assessing an application to ensure you can make repayments should rates rise. With such low rates at present the buffer was far to high which made it quite difficult to pass servicing criteria. I would expect more banks to follow over the next month or so.

18.01.2022 Good news for those people who are on the hunt for a good deal to refinance their home loan. One of the big banks just bought back the $4,000 cash back offer. Average cost to refinance is $700 on a variable loan so would be ahead from day 1 and with variable rates ranging from 2.29% - 2.79% & fixed even lower it’s a great time to be on the lookout!

18.01.2022 Merry Christmas to all my clients and everyone out there who has supported me and my business this year. Whilst it was a challenging year it was also a record one for the business which is part of the reason I have been quiet on Facebook as there has been so much work to get through! Looking forward to an even better year in 2021!!

16.01.2022 Well its almost August and there has been a lot going on in property and finance. Especially over the last 2 months in particular FINANCE UPDATE It has been an interesting few months with the RBA cutting the official cash rates by 0.50%. This was not predicted to happen until earlier this year. The majority of the banks have passed on between 0.35% - 0.45% of the cut and only a few have passed on the entire cut.... You may or may not have heard that APRA the peak regulatory body has relaxed their policy on how much the buffer needs to be between the actual interest rate and the assessment rate. Previously they assessed your ability to meet repayments at a rate of 7.25%. This will change to actual rate + 2.5% which will increase borrowing power considerably. There are some red hot deals that have never been seen before. Below is a guide to what is on offer when the new rates take effect over the next few weeks (for loans under 80% LVR this can vary slightly depending on the situation) Owner occupied variable home loan with offset from 3.23% Owner occupied fixed home loans from 2.99% Investment variable home loan with P/I repayments from 3.54% or interest only from 3.69% Investment fixed home loans with P/I repayments from 3.49% or interest only from 3.71% Note there are also some great deals for owner occupiers who have an investment property. You can get owner occupied rates on the investment when the properties are cross secured. PROPERTY UPDATE I have had a look at the Corelogic July monthly property update which was released mid July. There has been some positive signs that things are turning around in the property market. Below are a few brief points to summarise it for you and below that the link to the full video which goes for 6-7 mins The decline nationally is slowing with 0.2% decline in June which is the lowest decline month on month for a year. Melbourne property prices down 10% since the peak however 0.2% higher in June. Units +0.5% & houses +0.1% Auction clearance rates are growing with a low to mid 60s% result in June which is up approx 10% since the lowest point in the downturn. The combination of RBA rates cuts and stability in government has renewed confidence in the market. Let me know if there is anything you need or have any friends that may need help with organising their home loan https://youtu.be/_4IPfLhub_Y

16.01.2022 JANUARY PROPERTY AND FINANCE UPDATE Happy New Year! I hope everyone enjoyed the holidays! Things have really kept busy this year even over the holiday period. Here is a bit of an update on property and finance - PROPERTY UPDATE... Exciting times as there have been some impressive numbers coming through for the December quarter as you can see below - National dwelling values increased 4.0%. The fastest quarterly growth rate since November 2009 Capital city dwelling values were 4.7% higher. Melbourne is up 6.1% The highest end of the market led growth in Sydney and Melbourne over 2019, with the quartile value up 7.0% The number of settled sales up 2% nationally over 2019 Combined capital city rent values increased 2.7% nationally over 2019, however a stronger rebound in property values has seen rental yields continue to trend down Days on market down to 34 from 41 at the combined capital cities level over the course of 2019. 2019 finished with an Auction clearance rate of 69.5%, which is 28.4 percentage points higher than the same week in 2018. FINANCE UPDATE January has seen the launch of the new first home buyer scheme. NAB & CBA were the only 2 banks offering the scheme. There are a further 27 banks coming on board in February. The government is taking a staggered approach & releasing a set number of grants each month. Once they are exhausted there is no more until the next month. The latest information I have is that Januarys allocation has been exhausted already. In regards to the interest rates there is some red hot rates still on offer. I have seen as low as 3.02% P/I for investment variable P/I repayments & 2.80% for owner occupied. Check out the range of rates that are currently on offer below OWNER OCCUPIED PROPERTY LOANS 2.80% - 3.20% - Variable owner occupied with P/I repayments 2.79% - 3.09% - Fixed owner occupied with P/I repayments INVESTMENT PROPERTY LOANS 3.02% - 3.49% - Variable investment with P/I repayments 3.00% - 3.39% - Fixed investment with P/I repayments 3.12% - 3.69% - Variable investment I/O repayments 3.19% - 3.59% - Fixed Investment I/O repayments SPECIAL OFFERS $4,000 Refinance rebate $3,000 Refinance rebate 33% LMI discount for first home buyer $2,000 Refinance rebate If anyone out there needs anything call me on 0499001036 or shoot me a PM

15.01.2022 Thanks for all the likes on my page and much appreciated everyone! Let me know if I can help you find a better home loan!

14.01.2022 Had a great day at the Ringwood Little Aths Club on the weekend. It was the sponsors day and I ran a raffle for anyone who signed up for a home loan health check. Congratulations to @Kristen De La Cruz who took home the $150 Rebel voucher. Also I was lucky enough to be able to present the medals for the athletes.Thanks to Ringwood Little Athletics Centre for having me!

13.01.2022 Hi all, here is a brief update on the latest news on finance and the property market including - - Property market trends - Current home loan deals and rates on offer...Continue reading

13.01.2022 The Reserve Bank has cut the cash rate by a further 0.15% today so the cash rate is now 0.10%! It will be interesting to see how much the banks will pass on over the coming days. If you or any friends would like a home loan health check to see if you could be saving money feel free to call me on0499001036 or send me a PM.

12.01.2022 Thanks to my clients Lauren and Mike for their kind words. I was so happy that we were able to find the right home loan solution for them to get into their new home. It was a complex scenario but we got there in the end!

12.01.2022 $4,000 Cash back and rates from 2.19%. These offers are now winding up as the banks tighten the reins due to Coronavirus. One lender withdrew their promotion this week and a few more are due to finish their promotions this month. Give me a call if you would like me to look into it for you and Ill be happy to help. 0499001036.

12.01.2022 What a nice surprise to open the front door and find this gift on my doorstep from clients that I recently helped with a refinance

12.01.2022 If you are reviewing your home loan it would be worth understanding what home loan features are right for you. Have a read to find out more or give me a call to discuss.

11.01.2022 Answer these 3 questions and I will let you know if its worth shopping for a better home loan deal!! 1) What is your home loan balance? 2) What is your interest rate? 3) What are your monthly repayments?... Money in your pocket is better than money in the banks pocket!! Send your answers to [email protected] and I will provide you with a summary on how much you could be saving.

11.01.2022 MARCH FINANCE AND PROPERTY UPDATE Here is a brief update on the latest trends in property, rates and also a little on how the recent Royal Commission might impact home loan customers in the future. RATES... There are still some excellent specials on offer from banks wanting to win your business. Here is a guide to the most competitive rates currently on offer - * Variable owner occupied loan - 3.55% - 3.99%. Basic loans are at the lower end and loans with offsets etc are in the mid-higher range * Fixed Owner Occupier loans - Some of the banks are trying to compete in this space. There is a 2 year rate of 3.69% now available. 3.79% - 3.99% is competitive for 3 yr fixed. * Residential Investment loans - Banks are getting back into this market and there are some red hot offers including 3.99% fixed 3yr interest only. The competitive range is between 3.89% - 4.39%. There are a lot of factors involved in determining the rates for investment. PROPERTY Below is a short video update on trends from CoreLogic. Some of the key points include - * National property prices down 1% in Jan and 6% since peak in Oct 2017. * Melbourne prices are down 8% since the peak. We have seen a 4% decline in the past 3 months. * Properties in the top 25% of value are driving the decline and are 12% down since the peak. * Tight credit, weakening consumer sentiment, less investment and oversupply of housing are all factors in the decline. Have a great month!

09.01.2022 OCTOBER 2019 FINANCE AND PROPERTY UPDATE FINANCE UPDATE The RBA has just cut interest rates by a further 0.25%. At this point it may be a few days before we see what all the banks do and if they pass on the full cut however early signs are not great from the majors who reduced by 0.13%-0.15%.... Currently the fixed rates are slightly lower than variable so it will be interesting to see what the banks do with fixed rates. If you are considering refinancing there are some excellent Spring deals on offer including $2,000 refinance cash back. 300,000 frequent Flyer Points refinance offer. Owner occupied rates on investment property loan Conditions apply of course! PROPERTY UPDATE The September 2019 Corelogic report has some interesting information regarding the property market 0.8% - National property price increase in August 1st rise Nationally since Oct 2017 +1.4% - Increase in property values in August in Meb 3rd Month in a row of increasing property prices Clearance rates are the highest theyve been in 2 years. The driver behind the property price increases is coming from the more expensive homes (top 25% in value). This is because they had the biggest decline over the past 2 years. For more detailed info check out the link below for Core Logics update on property. https://youtu.be/K2X8bkPzN_8 Let me know if there is anything you need or know of anyone that may need help with organising their home loan. Thanks.

09.01.2022 REFINANCING TRAPS TOP AVOID Whether youre after lower repayments or want to tap into the equity sitting in your home, refinancing can offer a world of benefits. Here are some things to be aware of so that you dont find yourself hooked into a bad deal. Trap 1 - Dont be fooled by the interest rate... Finding a lower interest rate doesnt necessarily mean youve scored yourself a better deal. In fact, a product with more features may cost you a bit more in fees or interest, but could save you more in the long run. Including features such as an offset account will prove valuable as it will allow you to make larger repayments or put any extra cash against the loan. Products without this feature may charge a fee for early repayments. Trap 2 - Honeymoon rates are just that Dont be lured by offers with discounted introductory rates unless youve calculated the savings over the life of the loan. While a loan with a discounted interest rate seems a tempting offer, its only temporary. Once the introductory period is over, the interest will revert to a higher standard variable for the rest of the loan term. It may be more beneficial financially to negotiate a lower interest rate without an introductory discount. Trap 3 - Be aware of the fees One of the main purposes of refinancing is to lighten the financial burden, however, that doesnt mean that its not going to cost you. There are many fees involved, which may include discharge and application fees, a valuation fee, land registration fee, and mortgage insurance. You may also be subject to stamp duty depending on what state your property is located in. While these cannot be avoided, you have to ensure that the costs involved are not higher than the savings, to make the process worthwhile. The average cost to refinance is $500-$600 when you have over 20% equity in your home. While there are traps to avoid, a little expertise can take the stress out of refinancing to save you thousands, fund that renovation, or simply find a loan that suits your life. If you or a friend would like me to give your current home loan a health check to see what potential savings are possible for your loan give me a call on 0499 001 036 or email [email protected]. Happy to send you an example of a recent home loan health check that I completed for a client if you would like to see what its all about.

09.01.2022 Ive had an awesome break over here in the USA. Heading home in a few days. While I was in Palm Springs I checked out some of the real estate. Have a look at these homes which are on the side of a Rocky Mountain in the middle of the desert. The one with me out the front is Elvis Presleys old place

09.01.2022 https://www.mortgagebusiness.com.au//14714-tasmania-begins Finally things are moving with the federal government home builder scheme where you can get $25,000 from the government when building or renovating. (T&Cs apply). Check out this link fire an update on it

05.01.2022 Great news for people wanting to renovate or build a new home!

04.01.2022 Today I attended a workshop on specialty lending and learnt a lot about how I can help people with finance who dont fit into the banks credit criteria. As well as that, I can now help clients with personal loans!! (Also ... I just saw the back of my head in this photo... do I hang onto the last few strands that I have or do I need to shave it?! )

04.01.2022 Wow! The RBA has just dropped the official cash rate by an extra 0.25%. It will be interesting to see who passes it on in full this time

03.01.2022 The Victorian Budget 2020/21 announcement delivered good news for home buyers. The Victorian government announced a stamp duty concession of up to 50% for residential homes valued at up to $1 million. It's for residential property contracts entered into from 25 November to 30 June 2021. Newly built or "off-the-plan" homes, will be eligible for a 50% waiver.... Existing homes will be eligible for a 25% waiver. Meanwhile, the New South Wales Government is considering giving home buyers the choice to pay either stamp duty and land tax (where applicable) or a new smaller annual property tax. I only wish these incentives were around when we bought our home 17 years ago!

02.01.2022 The feeling out there in finance is that we could be in for a rate reduction. This along with a potential relaxing of borrowing criteria which could increase borrowing power means its a great time to be refinancing or purchasing a property. Rates now available as low as 3.48% for owner occupied home loans. Here is some more information on the latest in property and finance news... MAY FINANCE AND PROPERTY UPDATE There has been some movement in interest rates in particular fixed rates over the last month or so. Contrary to the predictions late last year that rates may increase during 2019 we are now hearing that rates could potentially decrease or remain flat for at least the short term. To back up these predictions I have noticed a few banks reducing in particular the owner occupied loan fixed rates. Promotions are red hot with 3.48% fixed for 3 years available with 1 bank. A few others are doing 3.59%-3.69% fixed for 2-3 years. If your rate has a 3 in front of it then I would say this is still reasonably competitive. PROPERTY UPDATE Below is a link to the Corelogic May property update. It goes for 7-8 mins but if you dont have time to watch then here is a few of the main points National property prices declined by 0.5% last month and are down 7.9% since the peak. Melbourne prices down 0.6% during April which is the smallest monthly decline since June 2018. Mortgage rates are at their lowest since the 1960s with talk of further reductions which will have a positive impact on the property market. https://www.youtube.com/watch?v=LGMXYXhHseE If there is anything you need or if you have any friends that need some assistance with a home loan let me know

02.01.2022 Great day down at Ringwood Little Aths yesterday! If your kids are looking for something to do on a Saturday I highly recommend it. The look on their faces when they get a PB is priceless!!

02.01.2022 Happy New Year!! If one of your goals in 2019 was to reduce expenses and save more money then refinancing is a great start. If your interest rate starts with a 4 then you may be paying too much interest to the bank. If you would like to book in for a home loan health check send me a PM and I will be happy to help.

01.01.2022 PROPERTY MARKET UPDATE The figures for April have been released. - Melb average property prices down 0.3% for April... - Settlements fell by 40% - New listings down by 35% I am pleasantly surprised that the property values are remaining fairly stable. As I mentioned last month the property market is in pretty good shape so whilst there may be some short term volatility it should remain strong long term. Lenders are still open for business and I have not noticed too many issues for people in stable employment in successfully applying for home loans. There is still a refinance $4000 cash back offer in place until the end of May so if you were thinking of reviewing your loan get in quick!! If you would like some further information let me know!