Proximity Capital

“Jim and the team at Proximity Capital have been nothing short of wonderful and professional when it came to financing a company car for my Chiropractic business.

They were able to find competitive lenders and made the process of application and documentation quick and easy.

I would highly recommend Proximity Capital for all business financing needs."

Dr Jade Chang - Chiropractor QLD

𝐃𝐫 𝐉𝐞𝐬𝐬𝐢𝐞 𝐁𝐮𝐫𝐠𝐞𝐬𝐬 - 𝐂𝐡𝐢𝐫𝐨𝐩𝐫𝐚𝐜𝐭𝐨𝐫 . 𝐐𝐋𝐃

“Jim and the team have been nothing short of fantastic.

We’ve been working with Jim for a few years and he has helped us immensely, acquiring multiple different loan products for different purposes.

He is always hasty with any form of communication and our experience has been exceptional.

We will continue to work with Jim for all our future endeavours.

Thanks Jim and the team “

🚨 Attention First-Home Buyers & Homeowners in the Northern Territory! 🚨

The most generous housing grant scheme in Australia is NOW OPEN!

The Northern Territory government is offering incredible financial support to help you own your dream home.

🌟 First-Home Buyers 🌟

• Get a $50,000 grant for buying or building a new home in the Territory!

• Or, receive a $10,000 grant when purchasing an established home!

• No caps on purchase or build prices – it’s your time to own your future!

🏡 Existing Homeowners 🏡

• Take advantage of the FreshStart New Home Grant with a $30,000 boost for building or buying a new home in the NT!

Chief Minister Lia Finocchiaro calls this the “most generous home build scheme in the nation” – it’s your chance to get ahead despite the rising cost of living!

💡 Don’t miss out! Whether you’re a first-time buyer or looking to upgrade, this program is available for a limited time. Start your journey towards home ownership today.

📅 Program runs until September 30, 2025.

Ready to take the next step?

Contact us now for more details and personalized assistance!

https://nt.gov.au/property/home-owner-assistance

🏡 August Housing Market Update: What You Need to Know 🏡

We’re seeing a shift in the housing market, with lending and prices cooling down after a busy July. Here’s the scoop from the latest data:

🔸 Lending Slowdown

Housing lending (excluding refinancing) slowed to just 1% in August, a big drop from the 3.5% rise in July. Interestingly, investor lending is still on the rise, up 1.4% in August and an impressive 34.2% over the past year.

📈 Hotspots in Investor Lending

Queensland is leading the way, with a 58.5% increase in investor lending year-on-year! Western Australia isn’t far behind, seeing a 58.1% rise. Investors are clearly seizing opportunities in these regions.

🏗️ Building Approvals Decline

In August, building approvals fell by 6.1%, reversing July’s growth. Private unit approvals took a hit, down 16.5%, but private house approvals rose slightly by 0.5% month-on-month.

🏠 Housing Prices Cooling

Overall, capital city housing prices slowed, growing by just 0.5% in September. However, Perth and Adelaide are bucking the trend, with price increases over 1%.

📊 Looking Forward

Experts expect housing prices to rise by 7.3% in 2024, with stronger growth likely in Perth and Adelaide compared to Melbourne and Hobart. It’s a great time to plan ahead, especially if you’re eyeing investment opportunities!

Source : ANZ Monthly property report

Rising Cost of Living Outpaces Housing Affordability for Aussie Home Buyers

A new report from Lenders Mortgage Insurance (LMI) provider Helia reveals that the rising cost of living has now become the biggest challenge for Australians aspiring to buy a home.

54% of respondents highlighted cost-of-living pressures, overtaking housing affordability, which was identified by 43%.

According to Helia’s 2024 Home Buyer Sentiment Report, the difficulty of saving for a deposit has increased for 85% of respondents.

In Sydney, it now takes 14 years on average to save for a 20% deposit on a house, while in Melbourne and Brisbane it’s around nine years.

Despite these challenges, optimism is on the rise, with 7 in 10 prospective buyers believing now is a good time to purchase property.

Families are playing a bigger role, with 63% of first-home buyers receiving financial assistance from their parents in 2024.

However, this support is shifting from upfront deposits to helping with ongoing costs like mortgage payments.

As saving becomes harder, LMI is gaining popularity. 77% of first-home buyers are considering using LMI to buy with less than a 20% deposit, up from 59% last year.

The report also highlights the sacrifices home buyers are making, with many working overtime, taking on second jobs, and cutting back on non-essential spending.

Despite the challenges, buyers remain determined, exploring options like moving to outer suburbs or buying smaller homes and apartments.

For many, mortgage brokers have become a crucial resource, with 91% of first-home buyers saying they are likely to seek professional help to navigate the complex market.