Brooke Penny - BrokerCo Pty Ltd

04/01/2024

Here's some tips to increase borrowing power 🏠:
1️⃣. Save more to ensure a bigger deposit
2️⃣. Try to grow your income
3️⃣. Settle any debts (debt consolidation)
4️⃣. Reduce the limits on your credit card
5️⃣. Monitor expenses

Want to learn more about your options? 👇🏼

Book a free consultation today:
Give us a call today on (07) 5370 8333 or visit our website to find out how BrokerCo can help you get a better home loan!

Australian Credit licence 509361

04/01/2024

How long does it take to refinance a home loan? Well, it varies, but this article tells you everything you need to know about refinancing a home loan.

04/01/2024

Rental accommodation in short supply

Supply and demand strongly favour property investors right now, with the national rental vacancy rate coming in at a record-low 0.8% in November, according to Domain.

November was the third consecutive month the vacancy rate had been at that level.

“A chronic undersupply of rental stock coupled with strong overseas migration and rising property prices against increasing demand are driving the competitive nature of the rental market,” Domain said.

There was a silver lining for tenants: the average number of people viewing each rental listing fell 9.3% between October and November, suggesting an easing of competition among tenants.

“However, a significant boost to rental stock is still required before we see a more balanced market (a vacancy rate of 2-3%). Increased investor activity and more development are needed to drive a surge in rental stock,” Domain said.

09/08/2023

Housing approvals trending down

Home building approval numbers remain at low levels, which is likely to affect housing and rental affordability in the years ahead.

A total of 13,808 building approvals were issued in June, according to the latest data from the Australian Bureau of Statistics. This was:

* 18.0% lower than the year before
* 13.6% lower than the 15-year average

If fewer new homes are built in the coming years, that means buyers and renters will have to fight harder for housing, putting upward pressure on prices.

"Australia has a structural undersupply of housing, with rental vacancy rates around the country at record lows, driving rents and dwelling prices to new heights," Housing Industry Association chief economist Tim Reardon said.

"The return of overseas workers and students, without an equivalent boost to housing supply, will exacerbate the situation. The only solution to addressing this crisis is to increase the supply of new housing."

03/07/2023

Brooke from brokerCo was the hands down best broker I have dealt with. It was evident she went above and beyond to find the us the best mortgage. She kept us in the loop during the process and made it so simple . Her communication was first class and she is so personable . She even called me back on...

03/07/2023

Check out our 5-star review on Trustpilot! trustpilot.com/review/www.brokerco.com.au

03/07/2023

Check out our 5-star review on Trustpilot!

01/06/2023

Ready to buy your dream home? Consider working with a mortgage broker! We have access to a wide range of lending options and can help you find the best rates and terms for your unique financial situation. Save time and money by choosing a mortgage broker for your home loan needs.
Questions? Give me a call 0419 641 171

31/05/2023

If there have been changes since you obtained your home loan, it might be a good idea to consider refinancing. A mortgage refinance involves transferring your existing home loan to a different bank and could potentially benefit you by offering lower interest rates and fees, more manageable repayment terms, or superior loan features, leading to an improved financial situation. ✅

As the Sunshine Coast trusted mortgage broker team, we don’t take a cookie cutter approach to you and your home loan refinancing solution.

https://brokerco.com.au/blog/refinancing-your-home-loan-on-the-sunshine-coast/

How long does it take to refinance a home loan? Well, it varies, but this article tells you everything you need to know about refinancing a home loan.