Tracey Pye - Mortgage Broker

Tracey Pye - Mortgage Broker Accredited mortgage broker assisting clients to obtain home loan finance, first home buyers, refinancing, debt consolidation, and free advice.

Authorised Credit Representative (Credit Representative Number 405245) of BLSSA Pty Ltd ACN 117 651 760

Spring usually sees an increase in listings and is known as a busy season for real estate. But this year, the supply sho...
24/10/2023

Spring usually sees an increase in listings and is known as a busy season for real estate. But this year, the supply shortage has continued throughout the season, keeping competition between buyers high and prices elevated.

The end of winter was unusually busy with a lot of properties being sold in July and August. In contrast, September saw listings fall by 12.3% versus previous month and -0.7% year on year. But the interest rates staying on hold is bringing confidence back to sellers and buyers, and sellers should consider listing their property in the next few weeks if they want to sell it before Christmas. 🏡

Buyer demand is still super strong, but owners are holding on tight to their homes – and a continued shortage of listings means competition and higher prices.

In capital cities, units have a median price of $637,593 which is 30% cheaper on average than houses. This represents a ...
25/09/2023

In capital cities, units have a median price of $637,593 which is 30% cheaper on average than houses. This represents a more cost-effective choice for individuals looking to purchase their first home, those downsizing, or investors. 🏘

However, reports forecast that 59% of the housing shortfall will come from units. Two main reasons includes having fewer unit projects approved in the construction pipeline and overseas migration at a record high (454,400 people added to Australia’s population in March 2023).

In this article, CoreLogic Economist Kaytlin Ezzy explores Australia's unit market and the looming shortfall in median-high density housing stock.

Despite regional housing prices rising in the past few months, regional markets are still seeing consequences of migrati...
28/08/2023

Despite regional housing prices rising in the past few months, regional markets are still seeing consequences of migration shift patterns and high rates. 🏠

↘️ According to CoreLogic's report, Ballarat and Geelong were two of the few regional areas that recorded a double digit decline in house prices since June 2022, at -11.4% and -10.2% respectively.

↗️ In contrast, the four major banks predict Melbourne prices will rise to as much as by 9.4% next year, with the current the median house price at $875,000.


Pepper Money has launched new loan options under their “Red Hot Rates Package” to provide relief to borrowers. This pack...
07/08/2023

Pepper Money has launched new loan options under their “Red Hot Rates Package” to provide relief to borrowers. This package includes lower rates and serviceability buffer and a very quick turnaround time. Pepper now also offers other attractive features such as 40-year terms, 5-year Interest Only loans and up to 85% LVR without Lenders Mortgage Insurance.

Pepper Money’s CEO, Mario Rehayem, says “we have listened and made changes because we have seen the need and responded for the benefit of brokers and their customers. True to our mission to help customers succeed, we are taking a flexible yet balanced approach for qualifying new and existing customers looking to access lending to help improve their situation.”

Other measures include 40-year loan terms, faster turnaround times

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255 Moorabool Street
Geelong, VIC
3220

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