🏡 March 2025 Property & Finance Updates!
It’s an exciting time in the property market, and we’ve got some important updates that could help you on your journey to homeownership or boost your current financial situation! Here’s what’s new this month:
1️⃣ Review Your Rate with Your Broker:
Interest rates are always shifting, and now is the perfect time to sit down with your broker and review your mortgage rate. By assessing your current rate, you may be able to secure a better deal and save over the long term. Your broker can help you explore options and ensure you’re getting the best possible rate for your financial situation. 🏦
2️⃣ QLD Government Waives Stamp Duty for Eligible First Home Buyers:
Great news for first-time homebuyers in Queensland! The government has announced a stamp duty waiver for eligible buyers, making it easier to get into the property market. If you’re a first-time buyer in QLD, be sure to check if you qualify for this fantastic incentive—it could save you thousands! 🎉
3️⃣ Multiple Offset Account Options Now Available:
Many lenders are now offering multiple offset account options, giving you more flexibility when managing your mortgage. Offset accounts can help reduce the amount of interest you pay, so having more choices can be a great way to tailor your loan structure to suit your financial goals. Ask your lender about which options are best for you!
4️⃣ Lenders Broadened LMI Waiver Policy for More Professionals:
Good news for many professionals! Lenders have expanded their Lenders Mortgage Insurance (LMI) waiver policies, meaning more people in specific industries can now access this benefit. If you’re a medical professional, lawyer, accountant, you may be able to buy your home without having to pay for LMI.
With all these changes, now is a great time to stay informed and make sure you’re making the most of the opportunities available to you. Whether you’re a first-time buyer, looking to refinance, or just exploring your options, these updates could have a significant impact on your homeownership journey!
Got questions or want to know more about how these updates could affect you? Reach out and book in a time to chat!