
Sucasa: the low-deposit home loan lender charging no LMI to help you buy your home
A low-deposit home loan with no LMI? In the words of Darryl Kerrigan from The Castle, “Tell him he’s dreaming”.

A low-deposit home loan with no LMI? In the words of Darryl Kerrigan from The Castle, “Tell him he’s dreaming”.

Look, it’s no secret that renters are doing it tough. The average rent in Australia has catapulted to just shy of $600 a week. (In cities like Sydney, it’s more like $750).

On most homes in Australia you’re required to put down a deposit, typically around 20% of the property’s value.
.png)
In February, fixed-rate home loans are coming down across the board, thanks to the shifting tides of inflation and the increasing likelihood of a Reserve Bank interest rate cut later in the year.

While digital bank Up is probably better known by Australians for its innovative banking app, everyday and savings accounts, behind the scenes, it’s also been making headways in the home loan space.

Australians borrowed $301 billion to fund property purchases in the 2023 calendar year, with the aggregate value of new home loans declining 13% from the previous year, according to research by online property settlement firm PEXA.

Property values tend to ebb and flow with market conditions. Home loan interest rates, average incomes, and buyer confidence can all change prices.

Let’s be real: time with a special someone is excellent. And spending smart so you can spend more time with said loved one? Priceless.

We live in a high price world in 2024. Everything seems to be more expensive the past couple of years - be it milk, bread, meat, furniture, clothing, shoes, household energy, and yes, housing.
%20(1).png)
In a surprising turn of events, South Australia (SA) has topped Commsec's state-based economic report, a first in its 15-year history. Victoria, the previous leader, now ties with NSW in second place.