Christmas is a time for giving and helping others.  And that’s just what was happening over the holidays, with mortgage brokers swamped by home loan applications.  It was festive cheer all round due to property market growth, interest rate cuts, and relaxed lending conditions.

It seems the bulk of applicants were up-sizers and first home buyers – eager to take advantage of the current market climate.

According to Mortgage Broker, Will Unkles – “Deals are going through far easier; there are less questions from banks.  Lenders are being less critical.”

The buzz was fuelled by the Federal Government’s First Home Loan Deposit Scheme, seeing first-timers in a race against the clock to get on board.  Given there are only 10,000 approved loans under the scheme each year, there has been a flurry of activity at this end of the market.

But, even with all their rosy dreams and extra pennies, the property market still has a tight squeeze on smaller investors. Which is surprising given there are so many factors working in their favour.  Yet, property market growth goes hand in hand with price growth, meaning those looking for their ideal home still can’t afford it.  Whether a complete newbie or hopeful up-sizer, many are being forced to compromise or give up.

So, although the initial deals are going through with great gusto, buyers are still left floundering. It all sounded good in theory. Turns out – the reality is something else.

If you’re one of the lucky ones to have secured the Federal Government deposit scheme loan or are simply perusing your market options, come and have a chat to us.  What we offer is a guaranteed financial leg up if you’re not quite ready to commit to a full-time mortgage.  It’s an easy, care-free opportunity to grow your wealth and buy your dream property sooner.  And it’s our gift to you.