The start of a new year often brings fresh goals, new plans, and big decisions. For many Australians, that includes thinking about buying a new home, upgrading, or reviewing their home loan to make sure it still fits their lifestyle and financial goals.
Whether you’re planning a move or simply want your money working harder for you in the year ahead, now is a smart time to pause and reassess your options.
Thinking of Buying a Home This Year?
If buying a home is on your radar, getting organised early can put you well ahead of the market.
Start With Your Borrowing Power
Before scrolling listings or attending inspections, it’s important to understand how much you can comfortably borrow. Lending criteria and interest rates can change, so last year’s numbers may not reflect today’s reality.
Pre-Approval Builds Confidence
A finance pre-approval gives you clarity, confidence, and credibility as a buyer. It allows you to move quickly when the right property comes along – and helps you avoid disappointment by focusing only on homes within your budget.
Planning Early Reduces Stress
The more prepared you are, the smoother the buying process becomes. Knowing your limits, deposit position, and loan options early can save time, stress, and money later on.
Not Moving? A New Loan Could Still Make Sense
You don’t need to buy a new home to make a smart financial move this year. For existing homeowners, the new year is a great time to review your current loan.
Is Your Loan Still Competitive?
Many borrowers stay with the same lender for years without reviewing their rate or features. A quick loan review can reveal opportunities to:
- Reduce your interest rate
- Lower monthly repayments
- Improve cash flow
- Consolidate other debts
Has Your Equity Grown?
If your property value has increased or you’ve paid down your loan, you may have more equity than you think. That equity could be used to renovate, invest, or restructure your finances more efficiently.
Set Yourself Up for the Year Ahead
A new year is about momentum. Whether your goal is a new home, a better loan, or simply more clarity around your options, understanding your position is the first step.
At CoastFin, we help you:
- Understand your borrowing power
- Compare loan options across multiple lenders
- Make informed decisions that support your long-term goals
If you’re thinking about making a move this year, big or small, now is the perfect time to explore what’s possible.
📞 Get in touch with one our Brokers at CoastFin to start the year with confidence and a clear plan.
