Thinktank’s monthly report noted improvement across residential property markets, with Melbourne lagging.
CoreLogic data showed national housing values up 0.4% in September, though Melbourne saw declines. Smaller capitals, like Perth and Adelaide, continue to lead in growth, with Perth posting a 4.7% rise.
Thinktank unveiled two innovative loan options – Private Loan and Residual Stock Loan – tailored to support brokers and meet evolving market needs.
“We are committed to innovating with new offerings to help brokers deliver the best outcomes for their clients,” the company said, emphasising their flexible terms and streamlined processes.
The Reserve Bank kept rates steady at 4.35% in September, with no change expected until Melbourne Cup Day in November.
Markets anticipate potential rate cuts before year-end, with CPI data on Oct. 30 likely to influence decisions. Globally, central banks are already beginning to reduce rates, Thinktank said.
Thinktank increased maximum loan limits for residential and SMSF loans to $5 million, underscoring their focus on broker partnerships.
The company’s dedicated relationship managers provide end-to-end support, helping brokers navigate complex financial scenarios and build stronger client relationships.
Consumer sentiment remains weak, as Westpac-MI’s index fell to 84.6 in September, continuing a two-year slump.
Despite a modest 1% annual GDP growth, concerns persist about the economic outlook.
Analysts hope for positive trends by year-end, which may sway RBA’s rate decisions heading into 2025.
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