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Latest News

First Home Buyers

Demand for FHLDS untouched by COVID-19

A just-released First Home Loan Deposit Scheme (FHLDS) report has highlighted the key trends and insights from the initiative’s first six months in operation spanning from January to June 2020.

General

Finalist MFAA Community Champion Of The Year 2020

Cairns Mortgage Brokers has been announced as a finalist in the QLD State Community Champion Award category at the annual Mortgage & Finance Association of Australia (MFAA) State Excellence Awards.

First Home Buyers

Two new government schemes to benefit first home buyers!

Buying your first home is an exciting time! Did you know that the Australian Government has two new initiatives that support first home buyers? These are the First Home Loan Deposit Scheme (FHLDS) and the First Home Super Saver (FHSS) scheme.

First Home Buyers

Lenders are missing out on borrowers making bank on Airbnb profits

Short-term rental properties like Airbnb have flourished in recent years, yet lenders still struggle to accept them as a valid income stream for borrowers.

General

Banks face squeeze as conduct probe crimps pricing power on the big 4

A recent spike in funding costs is happening at the worst time for Australia’s big banks, as intense public scrutiny crimps their ability to pass on increases to customers.

Home Loans

5 Tips For Guarantors on Home Loans

With property prices in Australian cities continuing to rise out of reach for first home buyers and first-time investors, using a guarantor to secure a home loan has become a popular route to entering the property market.

Home Loans

It is more important than ever to use a mortgage broker for investment loans and here is why

Higher interest rates: Some of the major lenders are increasing the interest rates for investment loans. Some recent examples are Commonwealth Bank (CBA) cancelling pricing requests for investment loans, and Macquarie increasing rates for investors.

First Home Buyers

Why should i use a mortgage broker

Check out our new Explainer Video to find out exactly why using Cairns Mortgage Brokers is so important when looking for a home loan, be it for a new property or to refinance your existing home loan. We also handle business finance so if you are in the market for finance give us a call on 0413 713 534.

First Home Buyers

Increased housing market risk

Further lending regulation could be on the cards, as slowing rents and increasing house price to income ratios increase the risks property investors face.

General Image of our increased borrowing power

The aussie dollar is overvalued

In a subsequent speech the Governor strengthened his commentary around the AUD referring to it as “overvalued, and not just by a few cents”. He did not go as far as restoring the easing bias but did quote market pricing as indicating that ” if a move were to occur over the next several months … it would be down not up”. He also noted that “we still have ammunition on interest rates”. Market pricing is now pointing to a 40% probability of a rate cut by year’s end.