borrowing capacity Archives · Australian Loans Group

Refinancing Remained at Record Highs

Posted on 22/09/202320/09/2023 by Laze Spasevski

“Refinancing activity has remained at record highs in recent months, as borrowers continued to switch lenders amid interest rate rises,” according to the Australian Bureau of Statistics (ABS). Owner-occupiers and investors refinanced a combined $20.2 billion of loans with external lenders in June, the ABS reported. While that was 3.1% lower than the month before, it was 12.6% higher than...
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Home Loan Refinancing Surged

Posted on 09/05/202305/05/2023 by Laze Spasevski

The home loan refinancing boom, which has lasted for two years and counting, surged to record levels. Refinancing activity has dramatically increased during that time from $13.7 billion worth in February 2021 to $16.2 billion in February 2022 and, now, according to the latest Australian Bureau of Statistics data, a record $19.9 billion in February 2023. The refinancing surge started ...
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Majority of Homebuyers Using Mortgage Brokers

Posted on 24/01/202324/04/2023 by Laze Spasevski

An ever-growing majority of homebuyers are taking out home loans using mortgage brokers, rather than going direct-to-lender. Between July and September 2022, mortgage brokers facilitated 71.7% of all new residential home loans. This is a record share according to the research group Comparator. That compared to 66.9% the year before and 60.1% the year before that. Anja Pannek, the ...
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FY22 Tax Returns | ATO Warning

Posted on 23/08/202221/08/2022 by Laze Spasevski

The Australian Taxation Office warned small businesses that it will focus on three main areas when assessing the FY22 tax returns. The first area the ATO plans to examine closely is overclaiming on expenses and claiming deductions for private expenses that are unrelated to business income. The second area is the potential omission of certain income streams, such...
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