Apartment Loans
When it comes to buying property, often it is more affordable, particularly when buying your first property, to purchase an apartment rather than a house. While an apartment is more than likely the cheaper option, there are also details associated with taking out a loan for an apartment which you will need to be aware […]
Nine Out of Ten Australians Agree Property Prices are Becoming Unaffordable: Survey
A recent survey conducted by Savvy has revealed 91.6% of Australians agree that property prices are becoming “unaffordable” in the current market. 32.4% Cannot afford property as prices are too high 26% believe foreign ownership is to blame 37.1% of respondents who bought were concerned about being left behind Two-thirds believe JobKeeper/Seeker stimulus is unlikely […]
Which Capital Cities are the Most Affordable for Rent in Australia?
Over the last 12 months, there’s been a lot of ups and downs in rent affordability in Australia in terms of prices and yields. Cities which some thought were unaffordable are now within the grasp of more and more people, as you’ll see below. This can be explained, at least in part, due to the […]
SMSF Home Loans
Using your self-managed super fund (SMSF) to buy a property can seem enticing. However, it’s important to remember that superannuation is complex, and super-related loans have a lot of legal restrictions. In this article, we’ll give you an overview of how an SMSF home loan works, what the limitations are, and the tax issues you […]
Commercial Property Loans
A commercial property loan is a way to help you purchase a commercial property. Getting a commercial property loan can be a drawn-out process. But it is also an excellent tool to help you grow your property portfolio or help reshape your business. What are commercial property loans? These are loan products available to you […]
Offset Accounts
Mortgages come with a variety of optional features that could potentially save you thousands over the course of your loan. One of the most popular is an offset account. In this article, we discuss the pros and cons of offset accounts and how to make the most of the savings they offer. What is an […]
Guarantor Home Loans
If your lender recommends a guarantor home loan to you, it’s important to fully understand what’s involved. It’s also important to fully understand what’s involved if you’re asked to be a guarantor for someone’s home loan. This guide explains what both borrowers and guarantors need to understand before signing on the dotted line. What […]
Home Loan Fees
When taking out a home loan with your chosen lender, there are many associated fees. It is important you understand these home loan fees to ensure you avoid the ones which are unnecessary and reduce the overall cost of your home loan. Types of home loan fees charged by lenders When applying for your home […]
Fixed Rate Home Loans
Fixed rate home loans bring with them peace of mind and easy budgeting. But if you’re looking around for a fixed rate mortgage, you may be wondering how they work, what their benefits are and how to find the best deals around. Fortunately, Savvy makes it easy to compare different home loan offers from a […]
Investment Loan vs Home Loan
When purchasing a house, your motivation for the purchase determines whether you’ll need an investment loan or a home loan. If the house is going to be owner-occupied, you’ll need an owner-occupier mortgage. If the property is to be used as an investment, you’ll need an investment loan. Do I need an investment loan or […]
Reverse Mortgages
If you are retired, or close to retirement, and in need of funds, you can use the equity in your home to secure a loan. This is known as a reverse mortgage. Though reverse mortgages are not as common in the Australian market as they once were, they are a useful product, with cheaper interest […]
Variable Rate Home Loans
If you’re searching for a variable rate home loan, you’re not alone. They’re Australia’s most popular type of mortgage and account for over 75% of all home loans. The beauty of variable rate loans is that they offer so much flexibility to tailor a mortgage to suit individual needs. Savvy can help you compare the […]
