Craig Browne - PMR Financial

12/10/2023

We've been fortunate enough to spend the last 4 days in sunny Cairns at the FAST Business Excellence Conference. We are so humbled to receive the award for SA/NT Residential Broker Group 5+ Brokers.
Thank you to our awesome team. We appreciate all your hard work and dedication.🏆😊🙏

06/09/2023

🤿 Property investors are diving headfirst back into the market 🤿⁣
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After taking a bit of a breather, investors are buying up big again. 📈⁣
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Lending to property investors totalled close to $9 billion in June alone* - that's up 97% from a year prior.⁣
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Why the flurry of investor interest?⁣
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✅ Property values are rising**⁣
✅ Vacancy rates are wafer thin – just 1.3% nationally ⁣
✅ Capital city rents are up close to 20% over the last year***.⁣
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It’s a combo many investors can’t seem to resist.⁣
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If you’re thinking about taking the plunge and buying a rental place, you may not need a cash deposit. 🤔⁣
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Your home equity could help you become an investor - and you could be surprised at what your home is worth. 😮⁣
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Call us today to know your borrowing power, and take the first steps to becoming an investor yourself. 👇⁣

⁣To find out more, DM us or contact PMR Financial on:

☎ – 08 8350 9952
💻 – [email protected]
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*ABS, **CoreLogic & SQM research⁣
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04/03/2021

Record-low interest rates are helping drive strong buyer interest and surging prices in many property markets throughout Australia.

The share of income that households are devoting to mortgage repayments has fallen to its lowest level since the mid-1980s, according to AMP Capital chief economist Shane Oliver.

“There is no denying housing affordability is poor, debt is high and some households are suffering significant mortgage stress. But most borrowers appear to be able to service their mortgages,” Dr Oliver said.

“In the absence of an unexpected renewed economic downturn, it’s hard to see much rise in distressed sales. It’s also easy to see from this chart, when combined with home buyer incentives, why home borrowing and buying is surging again.”

Home loan applications reached record levels in January, according to the most recent data from the Australian Bureau of Statistics.

In other words, buyers are out in force. So if you’re planning to buy in 2021, don’t delay, because waiting could potentially cost you tens of thousands of dollars.

03/02/2021

Great news for anyone planning to take out a home loan – new legislation means consumers are even better protected when they use a mortgage broker.

The Best Interests Duty, which took effect on 1 January 2021, legally obliges brokers to act in the best interests of their clients. This new law is on top of the National Consumer Credit Protection Act, which already regulates the conduct of brokers.

Brokers must “prioritise their consumers’ interests” if there’s ever a conflict of interests, according to the legislation.

But while brokers have to follow the Best Interests Duty – banks do not. A broker must give their client the best possible recommendation from all the lenders on that broker’s panel. However, a bank will recommend only its own products, even if there are better alternatives.

Brokers act in your best interests when recommending a home loan, and have a legal obligation to do so. Banks sell you products.

08/12/2020

RECORD-LOW INTEREST RATES DRIVE A SURGE IN HOME ACTIVITY

There has been a massive increase in home loan borrowing over the past year, according to the latest data from the Australian Bureau of Statistics.

Australians took out $22.5 billion of mortgages in September – a 25.5% jump on the year before. That included increases of:
33.8% for owner-occupiers
4.2% for investors
There was also a massive increase in first home buyer activity among owner-occupiers.

First home buyers took out 13,569 loans in September. That was not only up 45.5% on the year before, but was also the highest figure in 11 years.

The surge in borrowing comes as no surprise – interest rates are at record-low levels. And with governments around Australia providing assistance for first home buyers, it’s no surprise to see so many younger buyers entering the market.

If you're looking to get into the housing market for the 1st time - send me a message and I'll take you through the process step by step. You may not even need a deposit!!

02/12/2020

If you’ve been thinking about it - now is the time to get into the property market!

Residential property prices could rise as much as 9 per cent during 2021 if COVID-19 remains contained in Australia, according to the latest house price modelling from data firm SQM Research

18/11/2020

BUYERS GIVE VOTE OF CONFIDENCE TO THE PROPRTY MARKET

Australians are showing more confidence in the property market, new auction figures have revealed.

There were 14,216 auctions held in the capital cities during the September quarter, according to CoreLogic. That was up from 13,783 in the June quarter.

The clearance rate (the percentage of properties put up for auction that actually sold) also rose, from 47.9% in the June quarter to 59.2% in the September quarter.

The clearance rate statistics from the different markets were:

Canberra = 78.8% from 746 auctions
Tasmania = 64.3% from 14 auctions
Sydney = 63.1% from 8,147 auctions
Adelaide = 62.2% from 734 auctions
Melbourne = 51.0% from 3,320 auctions
Brisbane = 44.5% from 1,057 auctions
Perth = 28.6% from 198 auctions

Why did the auction statistics improve in the September quarter? It probably reflects growing consumer confidence, with Australia increasingly getting on top of the coronavirus problem.

17/11/2020

Another Happy Customer!

11/11/2020

MORE FIRST HOME BUYERS GET MORTGAGE HELP

The federal government has doubled the number of openings for its popular First Home Loan Deposit Scheme.

When the scheme started in January, only 10,000 eligible first home buyers were able to participate each financial year. That has been increased to 20,000 for this financial year.

Under the scheme, the government acts as a guarantor for eligible first home buyers, allowing them to:

Take out a mortgage with just a 5% deposit
Skip the usual requirement to pay lender’s mortgage insurance (LMI)

The scheme includes 27 participating lenders who are now accepting applications.

To be eligible, you must earn no more than $125,000 for singles and $200,000 for couples.

Also, you must purchase a home under the price cap, which ranges from $250,000 in regional South Australia to $700,000 in Sydney.

Property and finance can be complicated, so don't be afraid to ask questions. You can call me any time you need help.