Bowler Financial

11/06/2022

Kids in a candy store. Good to have a few seasoned campaigners along for the ride.

06/10/2021

Despite the ongoing pandemic, the Australian property market has continued to boom, with 20.3% growth rate over the last 12 months. That's not a typo!

A lot of that growth is due to the historically low interest rates. The RBA once again left the cash rate on hold at 0.10% yesterday, with very little room to move. The RBA Governor Phillip Lowe has indicated the board would not raise interest rates until inflation was within the 2-3% target range - a condition that will not be met before 2024.

While the RBA's hands are somewhat bound, our banking regulator APRA has stepped in to ensure future stability in the market and prevent a crash if things turn sour. Going forward, lenders will be required to increase their minimum interest rate buffer on home loan applications from 2.5% to 3%.

In simple terms, this will reduce the amount a person can borrow, ensuring they can meet repayments if rates were to blow out +3% in future. For most, this won't have any impact, but in the expensive Sydney & Melbourne markets, buyers may be forced to compromise further, giving up that car space or extra bathroom.

While I know this may effect some buyers, I see this as a positive move by APRA.

If you are concerned about your borrowing capacity, you can contact me on 0408 906 343 or [email protected]

19/07/2021

With interest rates at all-time lows and rent still rising in many areas, it's no surprise that it's becoming cheaper to own than rent.

CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.3% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year.

14/10/2020

Kind words from the best in the business.

If you're in the market for property and want expert advice or don't have the time to get to dozens of opens each weekend, give Dan a call. He's one of the nicest blokes in Real Estate, and still works harder than the rest.

13/10/2020

Want that new home feeling? It's often much easier than people believe. The common misconception is a 20% deposit is required. The reality is, as little as 5% will get you into the market, especially as a first home buyer.

If you want more info, email me today: [email protected]

09/10/2020

01/10/2020

Water's warming up and the sun is out. Perfect for a board meeting at Gordon's! In training for the virtual Cooly Gold short course in a little over two weeks. Lucky to have a great crew from Cloey Surf Club along for the ride.

26/08/2020

Celebrating 100 donations with my beautiful partner. Una Mas never fails to impress.

14/08/2020

Learn from the best in the business.

by Dan Sofo

04/06/2020

Another of the Govts stimulus packages, this one aimed at home owners. If you've been thinking about that extension or a refurb, get in touch - 0408 906 343 or [email protected]

Australians will be offered $25,000 grants to build a new home or start a major renovation in a bid to jumpstart the economy.

31/03/2020

In this tumultuous time, a good sweatout can be a big stress relief. If your mortgage repayments are contributing to that stress, a few minutes to assess your finances can make a real difference.

You can now fix 2.19% for 3 years. At that rate, the change in your monthly repayments will be a relief to your budget and your mindset.

Give me a call or DM today to see how I can help you.