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2023 May 3rd – Your Finance News









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Hi *|FNAME|*, In this edition of Your Finance News, we discuss HECS debts, ask if property prices have bottomed out and investigate Buyers Advocacy.

Australia’s student loan system has come under scrutiny recently thanks to a (Consumer Price Index) CPI of 7.1% this year, up from 3.9% last year and a low 0.6% in 2020. We look at how HECS is the hidden debt impacting borrowing capacity.

Following the April rate pause by the RBA, we received an increase in enquiry from clients getting ready to buy or invest. Will yesterdays RBA cash rate increase change the dynamic?
RBA governor Philip Lowe said that further increases may be required to “ensure that inflation returns to target in a reasonable timeframe, but that will depend upon how the economy and inflation evolve”.
We ask the question – Have property prices bottomed out?

A property purchase is likely to be one of the most expensive assets any of us buy and sell. Having a Buyers Advocate on your side may be a great move, providing professional guidance and increasing your confidence with this major decision.

As always, if you have any questions regarding your current loans or future finance needs, feel free to email advice@equityvision.com.au or click the button below to book an appointment.

Book your Personalised Finance Appointment

 
HECS – The hidden debt impacting home buyers
As interest rates and inflation have increased, home buyers with outstanding HECS debts are finding their borrowing capacity impacted, making it harder to obtain a loan approval for the amounts required to buy their preferred property.

Read more below….

If you have a HECS debt and would like to understand more about how this would impact your home loan application, please reach out for a chat.

Click here to Read More
Book your Personalised Finance Appointment

 
Have Property Prices Bottomed Out?
Following the RBA rate pause in April, EquityVision has experienced an increase in enquiry from clients getting ready to buy or invest.

Following 11 rate rises and cost of living increases, there are indicators of a healthy property market beginning to show, however, downward pressures still exist. 

Read more below….

Visit our website calculators to discover your borrowing capacity, or for detailed information, please book an appointment using the button below.

Click here to Read More
Book your Personalised Finance Appointment

What does a Buyers advocate do?
Selling and buying is for most people something that you experience less than a handful of times during your life, however, real estate agents and buyers advocates are likely to have done this hundreds of times.

A question often asked by clients is: What does a Buyers advocate do? And how is this different from a real estate agent? Nicole Payne from Bayside Real Estate Advocates shares her thoughts.

Read more below…

If you would like to discuss buying a new home or investment property, please book an appointment using the button below.

Click here to read more
Book your Personalised Finance Appointment

We invite you to follow our business Facebook, Instagram and Linkedin pages.
Our business is built on referrals from our clients, for users of these platforms, we would love for you to click the links below to follow our pages, stay in touch, and to refer your friends and family.

Kind regards,
The team at EquityVision 
Your Mortgage and Finance Brokers
Suite 6 / 296 Bay Road Cheltenham VIC 3192

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Michele Mansfield (CR No.399836) and Alisha Perry (CR no.502031) are credit representatives of Buyers Choice Licencing Pty Ltd (Australian Credit License No. 509484).
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