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My Industry Snapshot - November 2024

As the year draws to a close, we're excited to share a client success story and provide valuable property insights tailored to your clients' needs. Stay ahead with expert guidance designed to empower you and your clients to make confident financial decisions all year round.


Here’s to spreading holiday cheer! 🎄


Best Financial Brokers in Sydney and Bathurst | My Finance Agent

Join us for the last MY Professional Power Hour of 2024!


Join us for the last MY Professional Power Hour of the year! Let’s bring the festive cheer together as we network, share insights, and grow as businesses. Due to the event's popularity, spaces are limited to just 10 attendees, so hurry and secure your spot before it’s gone!


P.S. Keep an eye out for your invitation to join the WhatsApp group.


Event Details🎄:

Date: Wednesday, 11th December

Time: 7:30 am (60 minutes long)

Location: My Finance Agent Sydney - U2 56 O'Riordan Street, Alexandria, NSW 2015


My Professional Power Hour | My Finance Agent | November 2024
 

Client case study of the month

This month, we're thrilled to spotlight our client, Sam. By consolidating his three home loan splits (one to build a pool, one to purchase a car, and one for a home loan), a new car loan, and a personal loan into a single loan with a better rate, we saved him $1,000 per month in repayments. A great result for simplifying and saving!


 

Market insights for your clients


CoreLogic reveals property investor trends

Australia’s property investment landscape in 2024 shows regional disparities. Investor loans rose 18.8%, with Queensland attracting more activity. High interest rates deter some, but others, including first-home buyers, remain active. Shifts in investor behavior and cooling loan commitments shape the evolving market dynamics.


The surprise property market that is the hottest in Australia

Over the past two decades, regional Tasmania has led Australia's property markets with a 233% increase in median dwelling values, rising from $169,000 to $449,000. This growth surpasses that of major cities, highlighting the long-term investment potential in smaller, affordable regions.


First home buyer property hotspots, and the forces driving young investors revealed

First-home buyer numbers have risen by 12.4% nationwide, driven by favorable property prices, low unemployment, increased listings, and government support schemes. In Sydney, suburbs like Summer Hill and Eastlakes are popular among first-time buyers seeking affordable, well-sized units.


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