Cobblestone Financial

Interest Rate Update – Lowest rates today (Based on 500k at 80% LVR)

🔥🔥🔥🔥🔥 Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 7.23%)

Owner Occupied

Basic Variable - Principle and Interest repayments at 5.99% (comparison rate 5.99%)

Packaged Variable - Principle and Interest repayments at 6.14% (comparison rate 6.69%)

Fixed 1 year – Principle and interest repayments at 6.14% (comparison rate 6.29%)

Fixed 2 year – Principle and interest repayments at 5.94% (comparison rate 7.73%)

Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 7.23%)

Fixed 4 year – Principle and interest repayments at 6.04% (comparison rate 6.12%)

Fixed 5 year – Principle and interest repayments at 5.79% (comparison rate 7.18%)





Investment

Basic Variable - Principle and Interest repayments at 6.29% (comparison rate 6.29%)

Packaged Variable - Principle and Interest repayments at 6.19% (comparison rate 7.24%)

Basic Variable – Interest-only repayments at 6.44% (comparison rate 6.76%)

Packaged Variable – Interest-only repayments at 6.39% (comparison rate 7.59%)



***Please contact us for rates specific to your circumstances***

https://www.cobblestonefinancial.com.au/book-online

Don't miss out!
This is the final year to apply for the Single Parent Scheme/ Family Home Guarantee. The scheme is set to finish on the 30th June 2025.
✅ 2% Deposit
✅No lender's mortgage insurance
Book an appointment today to see if you are eligible and find out how much you really need in savings, it may be less than you think!
https://www.cobblestonefinancial.com.au/book-online

Interest Rate Update – Lowest rates today (Based on 500k at 80% LVR)

🔥🔥🔥🔥🔥 Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 7.23%)

Owner Occupied

Basic Variable - Principle and Interest repayments at 6.09% (comparison rate 6.09%)

Packaged Variable - Principle and Interest repayments at 6.14% (comparison rate 6.69%)

Fixed 1 year – Principle and interest repayments at 6.14% (comparison rate 6.29%)

Fixed 2 year – Principle and interest repayments at 5.94% (comparison rate 7.73%)

Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 7.23%)

Fixed 4 year – Principle and interest repayments at 6.04% (comparison rate 6.12%)

Fixed 5 year – Principle and interest repayments at 5.79% (comparison rate 7.18%)





Investment

Basic Variable - Principle and Interest repayments at 6.29% (comparison rate 6.29%)

Packaged Variable - Principle and Interest repayments at 6.19% (comparison rate 7.24%)

Basic Variable – Interest-only repayments at 6.44% (comparison rate 6.76%)

Packaged Variable – Interest-only repayments at 6.39% (comparison rate 7.59%)



***Please contact us for rates specific to your circumstances***

https://www.cobblestonefinancial.com.au/book-online

The Australian property market is growing briskly right now and has grown significantly since the pandemic. But the city-by-city performance has been more varied.
Over the year to May, the national median price rose 8.3%, according to CoreLogic. But at a city level, growth ranged from a staggering 22.0% increase in Perth to a 0.1% decrease in Hobart.
Meanwhile, growth since March 2020 has ranged from a high of 62.6% in Perth to a low of 11.2% in Melbourne.
CoreLogic's head of research, Eliza Owen, attributed the contrasting results to diverse market conditions.
“The highest-performing markets have generally come off a low base, with housing conditions and demographic trends relatively weak over the years preceding the
pandemic,” she said.
“Differences in capital growth trends are marked by the varied supply-demand balances of each city, and in turn migration, affordability factors and dwelling completions influence that supply and demand dynamic.”
Ms Owen said annual growth had started to slow across the combined capital cities. “This could mean a slowdown in growth across Brisbane, Perth and Adelaide is on the horizon and could see the range of growth eventually narrow across the capital cities,” she added.

Interest Rate Update – Lowest rates today (Based on 500k at 80% LVR)

🔥🔥🔥🔥🔥Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 7.23%)

Owner Occupied
Basic Variable - Principle and Interest repayments at 6.09% (comparison rate 6.09%)
Packaged Variable - Principle and Interest repayments at 6.14% (comparison rate 6.69%)
Fixed 1 year – Principle and interest repayments at 6.14% (comparison rate 6.29%)
Fixed 2 year – Principle and interest repayments at 5.94% (comparison rate 7.73%)
Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 7.23%)
Fixed 4 year – Principle and interest repayments at 6.04% (comparison rate 6.12%)
Fixed 5 year – Principle and interest repayments at 5.79% (comparison rate 7.18%)

Investment
Basic Variable - Principle and Interest repayments at 6.29% (comparison rate 6.29%)
Packaged Variable - Principle and Interest repayments at 6.19% (comparison rate 7.24%)
Basic Variable – Interest-only repayments at 6.44% (comparison rate 6.76%)
Packaged Variable – Interest-only repayments at 6.39% (comparison rate 7.59%)

***Please contact us for rates specific to your circumstances***
https://www.cobblestonefinancial.com.au/book-online

Five-Star Friday!!
Thanks so much, guys!

Home Guarantee Scheme - 50,000 more places for eligible Single Parents / legal guardians, First home buyers & Regional buyers from 1 July 2024.
✅ 2% - 5% deposit required
✅ No Lenders Mortgage Insurance
✅ No stamp duty if you are an eligible first-home buyer

Changes this year include:
🔵 All Guarantees are now available to eligible home buyers who are Australian permanent residents, expanded from only Australian citizens.
🔵 The Family Home Guarantee has been expanded from eligible single natural or adoptive parents of at least one dependent to also include eligible single legal guardians of at least one dependent, such as aunts, uncles, and grandparents.
🔵 The First Home Guarantee and the Regional First Home Buyer Guarantee have been expanded from eligible first home buyers to also include those who haven’t owned a property in Australia in the past ten years.
🔵 The First Home Guarantee and the Regional First Home Buyer Guarantee are now open to any two applicants broadly i.e. friends, siblings, and other family members to make joint applications. These Guarantees were previously restricted to married or de-facto couples, in addition to single applicants.
🔵The Regional First Home Buyer Guarantee now includes an exemption to the requirement to live in the region or adjacent region for the preceding 12-month period, which may apply to some employees required by their current employer to relocate. An exemption was previously only available to Australian Defence Force members.
Book an initial consultation to find out if you are eligible - https://www.cobblestonefinancial.com.au/book-online

If you are going through a divorce or separation, please come and speak with Danielle to find out where you stand.
✅ Paying out your partner and taking over the family home.
✅ Staying on the mortgage and removing your ex-partner from the loan
✅ Using funds from the financial settlement to start afresh in a new home
✅ Getting back into the market with as little as 2% deposit
✅ Getting your credit score back on track after experiencing financial difficulties
Separating can be extremely difficult for everyone involved. We are here to assist you through what can be a really tough time ahead.
Your initial consultation will be met with someone who is kind and understanding of your situation. Don't hesitate to get in touch with Danielle for an informal chat to see what is possible after you separate.
https://www.cobblestonefinancial.com.au/book-online

Interest Rate Update – Lowest rates today (Based on 500k at 80% LVR)

🔥🔥🔥🔥🔥Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 7.23%)

Owner Occupied

Basic Variable - Principle and Interest repayments at 6.09% (comparison rate 6.09%)

Packaged Variable - Principle and Interest repayments at 6.14% (comparison rate 6.69%)

Fixed 1 year – Principle and interest repayments at 6.14% (comparison rate 6.29%)

Fixed 2 year – Principle and interest repayments at 5.99% (comparison rate 6.12%)

Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 7.23%)

Fixed 4 year – Principle and interest repayments at 6.04% (comparison rate 6.12%)

Fixed 5 year – Principle and interest repayments at 5.79% (comparison rate 7.18%)





Investment

Basic Variable - Principle and Interest repayments at 6.29% (comparison rate 6.29%)

Packaged Variable - Principle and Interest repayments at 6.29% (comparison rate 6.84%)

Basic Variable – Interest-only repayments at 6.44% (comparison rate 6.76%)

Packaged Variable – Interest-only repayments at 6.44% (comparison rate 7.84%)



***Please contact us for rates specific to your circumstances***

https://www.cobblestonefinancial.com.au/book-online

While it’s often said you need a 20% deposit to qualify for a home loan, a significant number of borrowers are securing mortgages with smaller deposits, according to the latest data from APRA, the banking regulator.

In the March 2024 quarter, 31.0% of new home loans (by value) had deposits of less than 20%, while 6.2% of new loans had deposits of less than 10%.

Contact us today to find out how much you need to save!

Contact us if you would like us to request a discount on your behalf.
https://www.cobblestonefinancial.com.au/book-online

Interest Rate Update – Lowest rates today (Based on 500k at 80% LVR)

🔥🔥🔥🔥🔥Fixed 2 year – Principle and interest repayments at 5.99% (comparison rate 6.12%)

Owner Occupied

Basic Variable - Principle and Interest repayments at 6.09% (comparison rate 6.09%)

Packaged Variable - Principle and Interest repayments at 6.14% (comparison rate 6.69%)

Fixed 1 year – Principle and interest repayments at 6.14% (comparison rate 6.29%)

Fixed 2 year – Principle and interest repayments at 5.99% (comparison rate 6.12%)

Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 7.23%)

Fixed 4 year – Principle and interest repayments at 6.04% (comparison rate 6.12%)

Fixed 5 year – Principle and interest repayments at 5.79% (comparison rate 7.18%)





Investment

Basic Variable - Principle and Interest repayments at 6.29% (comparison rate 6.29%)

Packaged Variable - Principle and Interest repayments at 6.29% (comparison rate 7.19%)

Basic Variable – Interest-only repayments at 6.44% (comparison rate 6.76%)

Packaged Variable – Interest-only repayments at 6.44% (comparison rate 7.84%)



***Please contact us for rates specific to your circumstances***

https://www.cobblestonefinancial.com.au/book-online

Such a lovely catch-up with these two inspiring women. When we first met, we were all working for other people and in a few short years, all of us are now business owners, chasing our own dreams.

Tammie-Ann Sanders - Darling Range Settlements, is my no 1 settlement agent & Nia Lumley - LLB Legal, is my go-to specialist in family law and estate planning.

To have 2 experts in their field in my corner is invaluable and their friendship is an added bonus!

https://llblegal.com.au/
https://www.drsettlements.com.au/

Five-Star Friday!
Thank you, Garry, what a gentleman you are.

The Reserve Bank of Australia (RBA) left the cash rate unchanged at 4.35% following its June monetary policy meeting.

This marks the fifth consecutive meeting at which the cash rate has been held since the last increase in November 2023.

Contact me if you’d like to discuss the current interest rate environment, and how it may affect your current loan or future borrowing plans.

https://www.cobblestonefinancial.com.au/book-online

📞0410 691 048
✉ [email protected]
🌐www.cobblestonefinancial.com.au

Yes, having children can affect borrowing power when applying for a loan.
Lenders consider a variety of factors when assessing a borrower's ability to repay a loan, and the number of dependents is one of these factors.
Firstly, kids affect your living expenses, which include costs associated with raising children, such as childcare, education, food, clothing, and healthcare. More dependents typically mean higher living expenses, which can reduce the amount of disposable income available for mortgage repayments.
Secondly, kids affect your debt-to-income ratio. Higher living expenses due to dependents can increase this ratio, potentially reducing borrowing capacity.
Thirdly, kids increase the household expenditure measures (HEMs) to estimate living costs. With more dependents, these estimated costs are higher, which can impact the amount the lender is willing to lend.
Finally, lenders will stress-test the applicant's finances to ensure they can cope with interest rate rises or changes in their financial situation. Higher living expenses from having children can make passing this stress test more challenging. While having children can reduce borrowing power, it's important to note that lenders also consider other factors, such as income, employment stability, existing debts, and credit history. Different lenders may have varying criteria and calculations, so the impact of having children on borrowing power can vary between lenders.
Talk to us to find out which lender is the right choice for you and your family
https://www.cobblestonefinancial.com.au/book-online

Interest Rate Update – Lowest rates today (Based on 500k at 80% LVR)

🔥🔥🔥🔥🔥Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 7.23%)

Owner Occupied

Basic Variable - Principle and Interest repayments at 6.09% (comparison rate 6.09%)

Packaged Variable - Principle and Interest repayments at 6.14% (comparison rate 6.69%)

Fixed 1 year – Principle and interest repayments at 6.14% (comparison rate 6.29%)

Fixed 2 year – Principle and interest repayments at 5.99% (comparison rate 6.12%)

Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 7.23%)

Fixed 4 year – Principle and interest repayments at 6.04% (comparison rate 6.12%)

Fixed 5 year – Principle and interest repayments at 5.79% (comparison rate 7.18%)





Investment

Basic Variable - Principle and Interest repayments at 6.29% (comparison rate 6.29%)

Packaged Variable - Principle and Interest repayments at 6.29% (comparison rate 7.19%)

Basic Variable – Interest-only repayments at 6.44% (comparison rate 6.76%)

Packaged Variable – Interest-only repayments at 6.44% (comparison rate 7.84%)

***Please contact us for rates specific to your circumstances***

https://www.cobblestonefinancial.com.au/book-online

Five Star Friday!!!
Thank you Beau!

No, every bank is different!

Every bank has its own set of policies and not all clients will fit into their products or eligibility.

Major banks like Commonwealth Bank, Westpac, ANZ, and NAB are part of the "Big Four," holding market share with branch networks and a wide range of services.
They typically offer other products, including personal and business banking, wealth management, insurance, and investment services.

Regional banks, such as Bendigo Bank, Bank of Queensland and Mystate Bank, often focus on regional areas or specific customer segments, offering more localized services.
They might specialize in specific areas, like home loans, agricultural banking, or community-focused banking products.
They offer more personalized customer service, with a focus on building relationships and often having fewer branches but more community engagement.

Other 2nd Tier lenders such as Bankwest, AMP, ING and Macquarie Bank offer great products and have competitive interest rates but also have systems and processes in place guaranteeing a smooth, fast loan application.

Bankwest & CBA are great with construction lending
ANZ are more flexible with child support and family allowance
Westpac offers 90% with no LMI under a sports and entertainment package.

There are so many policy differences and each bank has its pros and cons. It's less about the interest rate and more about the right fit when choosing a lender.

Talk to us today to find out which lender is the right fit for you.
https://www.cobblestonefinancial.com.au/book-online

Interest Rate Update – Lowest rates today (Based on 500k at 80% LVR)

🔥🔥🔥🔥🔥Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 5.96%)


Owner Occupied

Basic Variable - Principle and Interest repayments at 5.99% (comparison rate 6.00%)

Packaged Variable - Principle and Interest repayments at 6.14% (comparison rate 6.69%)

Fixed 1 year – Principle and interest repayments at 5.89% (comparison rate 5.99%)

Fixed 2 year – Principle and interest repayments at 5.84% (comparison rate 5.98%)

Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 5.96%)

Fixed 4 year – Principle and interest repayments at 6.04% (comparison rate 6.12%)

Fixed 5 year – Principle and interest repayments at 5.79% (comparison rate 7.18%)





Investment

Basic Variable - Principle and Interest repayments at 6.29% (comparison rate 6.29%)

Packaged Variable - Principle and Interest repayments at 6.29% (comparison rate 7.19%)

Basic Variable – Interest-only repayments at 6.44% (comparison rate 6.76%)

Packaged Variable – Interest-only repayments at 6.44% (comparison rate 7.84%)



***Please contact us for rates specific to your circumstances***

https://www.cobblestonefinancial.com.au/book-online

The Australian Taxation Office (ATO) has warned property investors it will pay close attention to their reported income and deductions this tax time, with official data showing that about 90% of investors get their tax returns wrong.

ATO assistant commissioner Rob Thomson said general repairs and maintenance on your rental property can be claimed as an immediate deduction – but expenses that are capital in nature (like immediate repairs on a property you just bought or improvements some time after purchase) are not deductible as repairs or maintenance.

“We often see landlords making mistakes when it comes to repairs and maintenance deductions on rental properties, so we’re keeping a close eye on this. This year, we’re particularly focused on claims that may have been inflated to offset increases in rental income to get a greater tax benefit,” he said.

“You can claim an immediate deduction for general repairs like replacing damaged carpet or a broken window. But if you rip out an old kitchen and put in a new and improved one, this is a capital improvement and is only deductible over time as capital works.”

Are you a first home buyer or single parent who wants help getting a property? If so, you’ll be interested to learn that the federal government’s Home Guarantee Scheme (HGS) has now supported more than 150,000 buyers since its inception in January 2020.

Eligibility is limited. There are property price caps, which vary from state to state. Income caps also apply – $125,000 for individuals and a combined $200,000 for joint applicants.

The HGS consists of three programs:
First Home Guarantee – eligible first home buyers can purchase a property with just a 5% deposit, without having to pay lender's mortgage insurance (LMI). There are 35,000 places available this financial year.
Regional First Home Buyer Guarantee – the same as above, but for regional first home buyers only, with 10,000 places this financial year.
Family Home Guarantee – eligible single parents and single legal guardians can purchase a property with just a 2% deposit without paying LMI. There are 5,000 places this financial year.

Contact us for more information.

Back in March 2020, at the start of the pandemic, 13.38% of new borrowers were choosing fixed-rate loans and 86.62% were choosing variable. But in March 2024, a staggering low of only 1.40% of new loans were fixed, compared to 98.60% variable, according to the Australian Bureau of Statistics.

The reason so many borrowers are going variable right now is because of a widespread belief that interest rates are at or near their peak, which means variable borrowers would benefit from any future rate cuts. Conversely, in July 2021, when interest rates were at record-low levels, 46.02% loans were fixed, while only 53.98% were variable.

Get in touch if you need some comparisons on fixed vs variable rates

Interest Rate Update – Lowest rates today (Based on 500k at 80% LVR)
🔥🔥🔥 Fixed 3 year – Principle and interest repayments at 5.79% 🔥🔥🔥
Owner Occupied
Basic Variable - Principle and Interest repayments at 5.99% (comparison rate 6.00%)
Packaged Variable - Principle and Interest repayments at 6.14% (comparison rate 6.69%)
Fixed 1 year – Principle and interest repayments at 5.89% (comparison rate 5.99%)
Fixed 2 year – Principle and interest repayments at 5.84% (comparison rate 5.98%)
Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 5.96%)
Fixed 4 year – Principle and interest repayments at 6.04% (comparison rate 6.12%)
Fixed 5 year – Principle and interest repayments at 5.79% (comparison rate 7.18%)

Investment
Basic Variable - Principle and Interest repayments at 6.29% (comparison rate 6.29%)
Packaged Variable - Principle and Interest repayments at 6.29% (comparison rate 7.19%)
Basic Variable – Interest-only repayments at 6.44% (comparison rate 6.76%)
Packaged Variable – Interest-only repayments at 6.44% (comparison rate 7.84%)

***Please contact us for rates specific to your circumstances***
https://www.cobblestonefinancial.com.au/book-online

Interest Rate Update – Lowest rates today
Based on 500k at 80% LVR

🔥🔥🔥🔥🔥 Fixed 3 year – Principle and interest repayments at 5.79%

Owner Occupied
Basic Variable - Principle and Interest repayments at 5.99% (comparison rate 6.00%)
Packaged Variable - Principle and Interest repayments at 6.14% (comparison rate 6.69%)
Fixed 1 year – Principle and interest repayments at 5.89% (comparison rate 5.99%)
Fixed 2 year – Principle and interest repayments at 5.84% (comparison rate 5.98%)
Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 5.96%)
Fixed 4 year – Principle and interest repayments at 6.04% (comparison rate 6.12%)
Fixed 5 year – Principle and interest repayments at 5.79% (comparison rate 7.18%)

Investment
Basic Variable - Principle and Interest repayments at 6.29% (comparison rate 6.29%)
Packaged Variable - Principle and Interest repayments at 6.29% (comparison rate 7.19%)
Basic Variable – Interest-only repayments at 6.44% (comparison rate 6.76%)
Packaged Variable – Interest-only repayments at 6.44% (comparison rate 7.84%)

***Please contact us for rates specific to your circumstances***
https://www.cobblestonefinancial.com.au/book-online

I tend to steer clear of this sort of thing and just focus on work and helping my clients with their finance, but finally, someone with some sense has something to say so I thought I would share.

"The mortgage broking industry is not in competition with banks. Banks are in competition with each other."

Banks are at war with each other not mortgage brokers The major lenders’ market share is not being “taken” by the mortgage broking industry. It is being taken by more than 100 other lenders in the market.

Interest Rate Update – Lowest rates today
Based on 500k at 80% LVR

Owner Occupied
Basic Variable - Principle and Interest repayments at 5.99% (comparison rate 6.00%)
Packaged Variable - Principle and Interest repayments at 6.14% (comparison rate 6.69%)
Fixed 1 year – Principle and interest repayments at 5.89% (comparison rate 5.99%)
Fixed 2 year – Principle and interest repayments at 5.84% (comparison rate 5.98%)
🔥🔥🔥Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 5.96%)
Fixed 4 year – Principle and interest repayments at 6.04% (comparison rate 6.12%)
Fixed 5 year – Principle and interest repayments at 5.79% (comparison rate 7.18%)

Investment
Basic Variable - Principle and Interest repayments at 6.29% (comparison rate 6.29%)
Packaged Variable - Principle and Interest repayments at 6.29% (comparison rate 7.19%)
Basic Variable – Interest-only repayments at 6.44% (comparison rate 6.76%)
Packaged Variable – Interest-only repayments at 6.44% (comparison rate 7.84%)

***Please contact us for rates specific to your circumstances***
https://www.cobblestonefinancial.com.au/book-online

AMP's take on the Federal Budget.
2024-25 Federal Budget - Your 5-minute round-up

Federal Budget 2024-25 Round-Up – AMP Here's a 5-minute read on how the 2024-25 Federal Budget proposals could affect you.

Interest Rate Update – Lowest rates today
Based on 500k at 80% LVR

Owner Occupied
Basic Variable - Principle and Interest repayments at 5.99% (comparison rate 6.00%)
Packaged Variable - Principle and Interest repayments at 6.14% (comparison rate 6.14%)
Fixed 1 year – Principle and interest repayments at 5.89% (comparison rate 5.99%)
Fixed 2 year – Principle and interest repayments at 5.79% (comparison rate 7.38%)
Fixed 3 year – Principle and interest repayments at 5.79% (comparison rate 5.96%)
Fixed 4 year – Principle and interest repayments at 5.89% (comparison rate 7.36%)
Fixed 5 year – Principle and interest repayments at 5.79% (comparison rate 7.18%)

Investment
Basic Variable - Principle and Interest repayments at 6.29% (comparison rate 6.29%)
Packaged Variable - Principle and Interest repayments at 6.29% (comparison rate 7.19%)
Basic Variable – Interest-only repayments at 6.44% (comparison rate 6.76%)
Packaged Variable – Interest-only repayments at 6.44% (comparison rate 7.84%)

***Please contact us for rates specific to your circumstances***

Book Online | Appointments | Cobblestone Financial So easy to book an appointment online. Request contactless appointments via phone or zoom, otherwise if you prefer to see a consultant face to face, we do in-home or on-site visits.