Loveday Financial

Loveday Financial We are highly rated and recommended by our clients

We provide expert advice and services, helping clients achieve the most outstanding home loan, refinancing, investment property, home improvement loans and car finance outcomes.

The Reserve Bank of Australia (RBA) has today decided to decrease the cash rate by 0.25% to 4.10%, the first decrease si...
18/02/2025

The Reserve Bank of Australia (RBA) has today decided to decrease the cash rate by 0.25% to 4.10%, the first decrease since November 2020.
Today's welcome news for mortgage holders is the result of the RBA being confident that inflation is remaining steady, with the current headline inflation rate at 2.4% according to the latest December 2024 data.
At their next meeting on 1 April 2025, the RBA will be closely monitoring the impact today's decrease has on the economy.
Whether you're considering refinancing your mortgage to secure better terms or exploring property investment opportunities, now could be an advantageous time to review your financial strategy.
If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

You don't need to follow the crowd. There are more options available to you. As business finance brokers, We have access...
10/11/2024

You don't need to follow the crowd. There are more options available to you. As business finance brokers, We have access to a wide range of lenders (including the majors). Book an appointment with us today.

Asset finance can be an efficient way to grow your business if you can't, or you don't want to use cash to purchase equi...
06/11/2024

Asset finance can be an efficient way to grow your business if you can't, or you don't want to use cash to purchase equipment upfront There are many different options available - get in touch if you would like to know more.

Access to cash might make all the difference in volatile times. Yet, at any given moment, small businesses may have thou...
05/11/2024

Access to cash might make all the difference in volatile times. Yet, at any given moment, small businesses may have thousands of dollars tied up in stock and unpaid invoices. Flexible working capital finance can help to unlock liquidity when it's needed. Speak to me today to find out about your working capital finance options.

Race to secure the best deal on your finances
04/11/2024

Race to secure the best deal on your finances

Preparing a best-case vs worst-case CFF can help you prepare for times of uncertainty. Download my guide to find out mor...
04/11/2024

Preparing a best-case vs worst-case CFF can help you prepare for times of uncertainty. Download my guide to find out more - The importance of a robust cash flow forecast

The Reserve Bank of Australia (RBA) has decided to again hold the official cash rate at 4.35%.The decision to maintain t...
07/05/2024

The Reserve Bank of Australia (RBA) has decided to again hold the official cash rate at 4.35%.
The decision to maintain the cash rate comes after March 2024 data showed inflation remains persistently high.

Schools out!! Wishing our clients who have school aged children a happy and relaxing break - no more lunchboxes or drop ...
12/04/2024

Schools out!! Wishing our clients who have school aged children a happy and relaxing break - no more lunchboxes or drop offs for two weeks!

The latest market share data released by the Mortgage & Finance Association of Australia (MFAA) has confirmed that mortg...
10/04/2024

The latest market share data released by the Mortgage & Finance Association of Australia (MFAA) has confirmed that mortgage brokers clearly remain the channel of choice for Australian homebuyers.

Between October and December 2023, a record 71.8% of all new residential home loans were written by mortgage brokers, the highest result observed since the measure has been recorded. The previous high was 71.7% recorded in the September 2022 quarter.

MFAA CEO Anja Pannek said that mortgage brokers consistently provide outstanding service to their clients and this latest record-breaking market share is a clear reflection of their commitment, professional approach and the trust Australians have in their broker.

“Mortgage brokers play a pivotal role in the home loan market, providing their clients with a broad spectrum of choices and expert guidance. It’s very clear from the continued growth in market share that Australians value this support when making important financial decisions around buying a home or investing in property,” she said.

“Mortgage brokers offer support and guidance regardless of the time of year, and with interest rates elevated, property prices increasing and cost of living pressures it makes sense for borrowers to talk to their mortgage broker.”

In the December 2023 quarter mortgage broker rose 0.3 percentage points from the September 2023 quarter. In comparison to the December 2022 quarter, mortgage broker market share rose 2.5 percentage points, and 5.3 percentage points when compared to the December 2021 quarter.

The value of loans written by mortgage also rose during the December 2023 quarter with mortgage brokers settling $94.06 billion in home loans, marking a 5% increase year-on-year increase. It was also the third consecutive period of growth since settlement values dipped to $78.59 billion in the March 2023 quarter.

Brokers observe renewed demand for home loans.The latest ABS statistics have reflected an increase in demand for mortgag...
08/04/2024

Brokers observe renewed demand for home loans.
The latest ABS statistics have reflected an increase in demand for mortgages in February, brokers have said.

The Australian Bureau of Statistics (ABS) has revealed an increase in the value of new loan commitments for total housing in February of 1.5 per cent to $26.4 billion following back-to-back declines of 4.1 per cent and 3.9 per cent in December 2023 and January 2024.

New loan commitments for housing rose to $26.4 billion, following a drop of 0.8 per cent in January, leaving it 13.3 per cent higher compared to the same period in 2023.

Owner-occupier housing values rose 1.6 per cent to $16.9 billion and were 9.1 per cent higher compared to a year ago. Meanwhile, the value of new loan commitments for investor housing rose 1.2 per cent to $9.5 billion, with annual growth of 21.5 per cent.

ABS head of finance statistics Mish Tan said the annual growth in the value of new investor loans made up “over half of the growth in total new loan commitments over the past year”.

Speaking to The Adviser, principal of Kelso Finance, Sandy Kelso, said she’s seen a “marginal increase” in mortgage demand and home buyer confidence in recent months.

“There was a quiet period in February for a week or so when the rates were announced and bounced back [in] March with home buyers and investors,” Kelso said.

“I think the sentiment is people are expecting property prices to soar once rates start dropping. So, there is a sense of FOMO to get in the market now before it’s too late. I’m also starting to see more investors than home buyers in the market again.”

From where we would rather be.... THE FOUR SEASONS CASA MEDINA
08/04/2024

From where we would rather be.... THE FOUR SEASONS CASA MEDINA

Sober bars: A trend that has emerged quietly in recent years - and yet has made big waves. From London to Dublin to New ...
03/11/2023

Sober bars: A trend that has emerged quietly in recent years - and yet has made big waves. From London to Dublin to New York, pubs and chic nightclubs that are dedicated to sober nights are sprouting up everywhere. Nevertheless, a visit to the Sober Bars brings pleasure, and without any hangover the next day.

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