As we draw to the end of the wet here is some information you may find useful:

What is the First Home Guarantee?

Usually as a first home buyer with less than a 20 per cent deposit, you need to pay lenders mortgage insurance (LMI). This could amount to thousands of dollars. Under the First Home Guarantee, you can purchase a home with a deposit of as little as 5 per cent without the big cost of (LMI).

You can read more here: https://arafin.com.au/what-first-home-guarantee

Interest Rates, where to now?

After ten increases today the RBA put rates on hold. If you are on a variable rate it is important to check what rate you are paying. After a recent meeting, clients of mine rang their bank and saved 1.5% on their interest rate. No need to refinance, just a simple meeting and a quick phone call. This is a no cost assist.

Property values and other statistics

Darwin property values have increased by 2.9% over the last twelve months. We are now 11% under the high tide mark in 2014. The number of properties for sale has decreased by 25% compared to 12 months ago. Darwin and the wider NT are leading the pack on gross rental yields.

Have a Happy Easter and please don’t hesitate to contact me should you have an enquiry.

Regards,

Nick Kirlew | Mortgage Broker 

Phone: 0447 499 794 

Facebook:www.facebook.com

Arafura Finance Brokers