
Personal loans to cover rising home renovation costs
Aussies are still renovating their homes despite rising costs, as having a comfortable living space takes priority.

Aussies are still renovating their homes despite rising costs, as having a comfortable living space takes priority.

Homeowners may spend thousands of dollars in home renovations to increase the value of their property.

It can be challenging when a product or service catches your eye but you don’t have the funds to pay for it. As you start to review your options, you’ve come across personal loans and credit cards as a way to front the expense.

Since May of 2022, the Reserve Bank of Australia has lifted the cash rate twelve times. While there hasn’t been a rate hike since June 2023, an increase is predicted at November’s meeting.

Around 3.5 million Australians are looking to make improvements to their home in the next six months, however only three-quarters are considering sustainable changes.

New research from the Australian Bureau of Statistics (ABS) shows there’s been a steady increase in the number of new loan commitments.

Weddings are said to be the best moment of a person's life, maybe behind the birth of their children, so a budget makes complete sense for this special day. The true cost of a wedding is totally personal, but have you ever wondered what kind of wedding the average Aussie is throwing?

While your dream house might not be Barbie pink or feature a three level slide from the bedroom, it’s easy to get wrapped up in your wishlist when it comes to home renovations. Though you might have tamer goals than everyone’s favourite doll, there’s no reason your home shouldn’t be your own Dreamhouse.

While having bad credit will never work in your favour, it does not necessarily mean you are ineligible for a personal loan. There are plenty of loans available to people with bad credit or marks on their credit history - things might just look a little different.

Life is full of unexpected turns and you might be in a position where you need some extra funds, this is where a personal loan might be an option for you.