Lydian Finance- Winter months are behind us, Spring brings new updates for the market and to the Lydian Pride

It’s always nice to see the Winter months behind us!

Sydney is beautiful in Spring with the Jacaranda blossom coming and daylight saving not too far away now.

Evening sailing and swims at the beach, you’ll need a Lydian Trucker Cap soon for sure! ??

A little Cameo from Clayton at Ensombl thx mate.

Anyway, onto Lydian HQ

We have a had a nice turn of sentiment in the interest rate markets.? The July CPI (inflation) number was 4.9% down from 5.4% giving another month of “Wait and see!” for the RBA.

The headwinds being slow growth, soft consumer spending and this labour productivity conversation starting so lets take a breather whilst we can and 4.10% is the cash rate for another month.

This softening of sentiment is seeing the yield curve very flat with Government Bond Yields being 4.13% 90 day bills, 3.84% 2years, 3.88% 5 years and 10 years 4.14%, we are now awaiting the next cycle of change.

Bank Rates and Services

This is nice for us on Bank Home and Inv Loan Rates as the rate changes are settling down.

We are able to get a real gauge on where the good rates are and interesting the cheeky little increases of variable rates by some of the Majors 10 or 15bps increases to variable rates outside of the RBA moves…naught naughty!?

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Our Best Interest Rate Pricing is available for the low Loan To Value Ratio Loans <70% and strong servicing clients.

The cash back market attracting refinancing is pretty much closed.

The majority of clients moving lenders right now is a needs-based move to restructure cashflow and repayment structures.? The “affordability” measured by the Prime Lenders is materially lower than many of the Solutions Based Lenders so we are working hard.? Credit Policy niches and flexibility is a key consideration for our Broker team when reviewing our 60+ panel of lenders.

Get an interest rate review today!

Current Hot Rates:

• Bank Of Sydney 5.64%
• Bank Australia 3 year Fixed P&I 5.54%

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Investment

• Variable P&I/ Variable IO – Firstmac 5.74%
• Bank Australia 5.64% P&I or 5.84% IO

Niche Products

Aged Care Loans

La Trobe have a niche service for clients who own a property but are needing to move into an aged care home and need funds to manage these costs.

• This service can allow the client up to 7 years to rent or sell the property.
• Loan up to 50% of the value of the property (Max Loan $750,000)
• No principal repayments.
• No interest payments until the balance reaches 140% of the value of the initial amount borrowed.
• 7 year term.
• 4.90% initial variable rate – terms and conditions around this.

In the event the borrower passes, the family have 9 months to repay the loan.

Deposit Boost Loan – Own Home

This is allowing purchasers to borrow 100% of the funds needed to buy an Owner Occupier Home.

• This is a service for high income earners, not eligible for First Home Grants or buyers who have minimal funds.
• Savings need to contribute to stamp duty and the costs of buying the property.
• Buyers must participate in a “Buyers Agent” service cost approx. 2% of the property price.
• Not restricted to first home buyers.
• No Lmi.

The borrowers have a prime 1st Mortgage Product at normal interest rates for 80% and a 2nd Mortgage Product for the 20%.

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Two interesting services, reach out for the formal information on both.

Property

At Lydian, we have seen a material increase in pre-approved borrowers starting their property searches – Inv and Own Home.

My layman’s comments are we have strong demand, minimal stock increasing prices short to near term.

Sydney, Melb and Brisbane all up YOY +5% or more. Spring is here and we will watch closely on the new listings and engagements with Real Estate Agents closely.

Lydian Team

We welcome Tahlia in the Sunny Coast and Pinakin in South West?Melbourne.

Lastly, I wish to thank our Operations Team and Virtual Business partners for a wonderful Cebu Conference and their hospitality and treat.? We are very proud of our Lydian Team!

Have a wonderful Spring!

-Boothy