Help to Buy Scheme expands in 2025: higher income caps, bigger property limits & up to 40% government support for first-home buyers. Find out what’s new.
Mistake #1: Only looking at the interest rate
Sure, getting a more competitive interest rate is appealing, but there are other factors to consider when comparing 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.
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.
With over 20 years experience in Home Loan Lending and Financial Planning, You can feel confident Cairns Mortgage Brokers will get you the best deal on the market. Call us today: 07 4057 9746