Results Home Loans
December 2024 Update
What’s been going on this month?
Stay current with Results Home Loans and any updates in the market
Rate Movements
As of 10 December 2024, RBA has decided to leave rates unchanged, keeping the Cash Rate at 4.35%.
RBA Cash Rate in December 2014 was 2.50%.
Westpac
Peak of 4.35% in November 2023, then dropping to 3.35% by December 2025
NAB
Peak of 4.35% in November 2023, then dropping to 3.10% by June 2026
CBA
Peak of 4.35% in November 2023, then dropping to 3.35% by December 2025
ANZ
Peak of 4.35% in November 2023, then dropping to 3.85% by August 2025
CURRENT INTEREST RATES FOR HOME OWNERS
Based on a $500,000 loan over a 30 year term at 80% LVR with Principal and Interest repayments.
CURRENT INTEREST RATES FOR INVESTORS
Based on a $500,000 loan over a 30 year term at 80% LVR with Interest Only repayments.
Lender Turnaround Times
As at 16/12/2024
Under 24 hrs
2 Days
3 + Days
Industry News
2025 Challenges and How We Can Help
As we look ahead to 2025, several key challenges are set to shape Australia’s property and finance landscape. Here’s what’s on the horizon and how our firm can support clients in navigating these changes.
Housing Supply Constraints
Limited housing supply will continue to impact affordability and availability. We can assist clients by offering tailored financial strategies, helping them make informed decisions about purchasing or investing in property. This includes exploring alternative housing options or creative loan structures to meet their needs.
Intergenerational Wealth Transfer
A significant transfer of wealth is expected in the coming decades, with over $5 trillion being passed between generations. Our team collaborates with accountants and financial planners to guide families through succession planning, tax implications, and property acquisitions, ensuring a smooth and strategic transfer of wealth.
Increasing Property Investment Activity
More buyers are expected to shift toward investment properties as an affordable way to enter the market. We help clients explore options, including commercial property investments, self-managed super funds (SMSFs), and innovative loan structures, enabling them to build robust property portfolios.
Accelerated Technology Evolution
The rise of artificial intelligence (AI) and open banking will transform the way brokers operate. By leveraging these technologies, we can deliver faster, more accurate advice and offer proactive insights to clients, improving efficiency and outcomes.
Growing Focus on Cybersecurity
As cyber threats increase, protecting sensitive client information is more critical than ever. We’ve implemented advanced security measures to safeguard data and ensure client peace of mind.
At our firm, we’re committed to turning these challenges into opportunities, guiding our clients through the complexities of 2025 with expert advice and innovative solutions.
ANZ Predicts 2 Rate Cuts and a 3.85% Cash Rate in 2025
ANZ’s latest research forecasts a drop in the cash rate from 4.35% to 3.85% by FY2025–26, with two 25-basis-point cuts expected in May and August 2025.
While the labour market’s resilience has delayed the easing cycle to mid-2025, ANZ suggests a February cut remains possible if inflation slows and the labour market softens further.
Globally, rate cuts are expected to stabilize economies, with Australia taking a more modest approach. ANZ highlights three key economic themes for 2025:
- Private sector balance sheets remain strong, minimizing recession risks.
- Global political shifts, including the Trump presidency, will cause disruption rather than destruction.
- China’s stimulus efforts will focus on structural changes.
Domestically, consumer confidence is improving, aided by stage three tax cuts, with further recovery expected through 2025.
Webinar Success
Unlock the Power of Your Super Self-Managed Super Funds and Property Investment 🏠📈
We’re thrilled to share that our exclusive webinar, hosted by Results Home Loans & Concepts & Results, was a resounding success!
Attendees gained valuable insights on:
✅ Taking control of retirement savings through SMSFs
✅ Key steps for purchasing real estate within an SMSF
✅ The mortgage process and financing options for SMSF property investments
✅ Expert advice on the best tax structures for your investments
Missed it?
No worries! The recording is now available. If you’d like a copy let us know!
We’re now able to off our clients asset & commercial finance with our partner Loan Options.
Other services
We’re now able to off our clients business loans with Prospa.
🎙️ Podcast 🏠
We’re thrilled to share that Nadia recently recorded an insightful podcast with our new partners, Turnkey Building Group. This engaging session highlighted shared expertise, collaborative goals, and the value of building strong partnerships. We are truly grateful to Turnkey Building Group for their openness and enthusiasm in joining forces with us. Together, we’re paving the way for exceptional outcomes for our clients!
⬇️ Catch the episode here ⬇️
New Free Resources Available for our Clients!
At Results Home Loans, we’ve launched a Free Resources section on our website to help clients navigate the complexities of home loans and financial planning. These resources are designed to educate, empower, and support them throughout their journey.
📘 What’s Included?
- Guides on bridging loans, FHOG (First Home Owner Grant), and self-employed income.
- Tips and tools to simplify the lending process.
You can check out the full list of resources here:
👉 Results Home Loans Free Resources
Feel free to share this link with your clients to provide them with valuable insights and tools, all at no cost! If you have any questions or would like to discuss how these resources can benefit your clients, don’t hesitate to reach out.
Client Success Storys:
Tash & Frank
What the Clients Needed:
- The clients wanted to refinance their existing BOM home loan and to consolidate their debts.
- Both of their credit scores were below 500, due to financial difficulties they experienced with their business, which ultimately closed in April 2024.
- A previous broker had advised them to wait for their credit scores to improve before refinancing their home loan.
What We Did:
- Researched lenders that would accept the clients’ credit scores (most lenders would accept a minimum credit score of 600)
- Reviewed scenario with BOM, as the clients already had an existing loan with BOM and offered the lowest interest rate compared to other lenders.
- Submitted their application to BOM, providing a detailed commentary addressing the defaults.
- Although the application was initially declined as per BOM’s process, we ensured it was referred to their Credit team for further review.
Results:
- The loan was approved and successfully settled within a week.
The clients are now paying an interest rate of 6.10%, reduced from their previous rate of 6.19%, and their other debts have been cleared.
Billie-Rose & Jack
What the Clients Needed:
- The clients were a couple looking to buy their first home together, aiming to utilise available First Home Buyer grants/schemes as they only had 5% deposit saved.
- Billie is a self-employed freelance creative designer, while Jack works as a carpenter.
- Billie’s ABN was reactivated less than two years ago after transitioning from PAYG employment to freelancing.
- Billie also took a break to travel in 2023, which resulted in her FY 2023 financials being lower than usual and not reflective of her actual earnings.
What We Did:
- We researched lenders that can accept Billie’s most recent year of income and an ABN active for less than two years, as most lenders typically require an average of two years’ self-employed income and a minimum of two years ABN registration.
- We discussed parental guarantee options with the clients, but since that was not an option, the clients opted for the First Home Buyer Guarantee Scheme to avoid LMI costs.
- Submitted their application for the First Home Buyer Guarantee Scheme.
- Lodged their home loan pre-approval application with NAB, which required further review by the Credit team.
Results:
- The application was approved, and the clients successfully found their property.
- They have signed and returned their loan documents, and the loan is scheduled to settle in February 2025.
Thank You!
The value of a strong network and partnerships is priceless, and your referrals have not only brought us new opportunities but reinforced our confidence in delivering exceptional services.✨ We want to take a moment to express our heartfelt thanks for your amazing support and collaboration. 🤝 Your trust in recommending us to your network means the world, and we're honored to have earned it. 🙏 We deeply appreciate your efforts with every referral, and we're here to return the favor anytime you need. If you ever need assistance or a reliable partner, don't hesitate to reach out! 💬