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If the case for new is structural, the risks of new deserve the same attention.Builder insolvency is the live one. Build...
12/10/2026

If the case for new is structural, the risks of new deserve the same attention.

Builder insolvency is the live one. Builders who signed fixed-price contracts earlier are now building them at today's costs. If a builder fails partway through, the buyer can be left with a partly finished home, a higher price to finish it with someone else, and the delay while that's arranged. Home warranty insurance can cover part of that, with limits, so check the builder's licence and history with the state regulator before signing, and make sure progress payments line up with completed stages.

Valuation at completion is the other one people underestimate. As an illustration, take a $700,000 contract with an 80 per cent loan, so you'd planned to borrow $560,000. If the property values at 5 per cent under contract, the lender lends against $665,000, which is $532,000. You still owe the full price, so you need $28,000 more in cash than planned.

Then there's the premium, and the timeline. Some of what you pay for new doesn't stay in the property when it's next valued, and builds can run late while interest keeps running.

Seen and priced in, these are part of a plan. Unseen, they turn up later as a loss.

📖 Full article: https://prosperinproperty.com.au/learn/two-speed-market/

The assumption is that the market you're watching and the one you'd buy into are moving together. Right now established ...
11/10/2026

The assumption is that the market you're watching and the one you'd buy into are moving together. Right now established values are falling while the cost of building new keeps rising, so it's worth knowing which side your plan sits on before you decide what you're waiting for. Full article: https://prosperinproperty.com.au/learn/two-speed-market/

Waiting for the market to settle assumes the thing you're watching and the thing you'd buy are moving together.Right now...
10/10/2026

Waiting for the market to settle assumes the thing you're watching and the thing you'd buy are moving together.

Right now they're heading in opposite directions. Established values have fallen for six months in a row, and Cotality's September index has them 5.2 per cent below the March peak. Over the year to June, RBA figures have the cost of building a new home up 5.3 per cent.

Round numbers make the direction easy to see. These are illustrations and your own figures will differ. An established home worth $900,000 at the peak would now be worth about $853,200. A build contract that cost $450,000 a year ago would cost about $473,850 today. The two periods don't line up exactly, so take the direction from it and hold the size loosely.

A house and land package sits across both, because the land tends to follow the established market around it while the build follows construction costs.

It's worth knowing which side your plan sits on before deciding what you're waiting for. The article also covers the risks on the new side, and they're substantial.

📖 Full article: https://prosperinproperty.com.au/learn/two-speed-market/

05/10/2026

Preparing for a finance application and planning your next purchase can happen at the same time.

Some of what shapes your borrowing capacity changes immediately, like closing a card you never use. Some of it takes longer to show up, because a lender looks at a recent run of bank statements and at savings built over time.

The slower items are a reason to start early, while the planning carries on alongside them. Knowing your likely capacity shapes the plan, and knowing the plan tells your broker what the finance needs to do.

The slow item that's most in your hands is your floor. Living expenses are an input to the assessment, so a higher floor means less capacity from the same income. The biggest effect comes from fixed commitments. A car upgrade on finance adds a repayment and a higher running cost at once. Each commitment you decide against is capacity you keep.

📖 Full article: https://prosperinproperty.com.au/learn/getting-your-position-ready-for-finance/

02/10/2026

A strong earner can look like a more modest one on paper.

It usually comes down to how income gets counted. You experience your pay as what lands in your account. A lender sorts it by type and counts each type by how reliably it expects that income to continue.

Base salary is generally counted in full. Overtime, site allowances, bonuses and shift loadings are often counted at less than their full amount, or only once you've been earning them for a minimum period. On a FIFO roster, where a big share of pay can come from those components, the gap between what you earn and what gets counted can be significant.

That's a lender being careful with income that can change. The useful response is to understand your own breakdown and have it documented well, with payslips that show each component separately and a record showing the extra income has been consistent.

How much of each type counts differs between lenders, and that's a question for a broker. It's often where the choice of lender matters most.

📖 Full article: https://prosperinproperty.com.au/learn/getting-your-position-ready-for-finance/

It comes down to how the different parts of your pay are counted. Overtime, allowances, bonuses and shift loadings are o...
01/10/2026

It comes down to how the different parts of your pay are counted. Overtime, allowances, bonuses and shift loadings are often treated differently from base salary, so it's worth understanding your own breakdown and documenting it clearly. This week's piece covers that, along with the things you can change straight away. 📖 Full article: https://prosperinproperty.com.au/learn/getting-your-position-ready-for-finance/

The credit card you never use might be the one weighing most on your borrowing.When a lender works out what you can borr...
30/09/2026

The credit card you never use might be the one weighing most on your borrowing.

When a lender works out what you can borrow, a card is usually assessed on its limit. A card sitting in a drawer with a generous limit and nothing owing is treated as though you could draw the whole limit tomorrow, and a repayment is allowed for on that basis.

That makes it the quickest thing you can change. Close the cards you don't use, and bring the limit on the ones you keep down to what you actually spend on them. Capacity is freed immediately.

The same goes for facilities people forget about. An overdraft on an everyday account can count, and so can a redraw on an existing loan, depending on how the lender treats it.

One practical note. Close accounts formally with the provider and keep the confirmation, because a card you've stopped using still shows as open until it's closed.

This week's article is a full list of what shapes your position for a finance application, starting with the things you can do now.

📖 Full article: https://prosperinproperty.com.au/learn/getting-your-position-ready-for-finance/

29/09/2026

A refund can arrive every year for a decade and leave nothing structural behind.

Nobody plans that. It happens because a single amount, turning up once a year when nothing in particular is due, gets absorbed by whatever is in front of it. The car service that got deferred, the trip that's been discussed since March, school fees, a credit card that crept up. Each one defensible on its own.

The useful question isn't where this year's refund went. It's what you had decided it was for before it landed, and whether that decision existed at all.

A refund with a job becomes a buffer, or a deposit getting closer. A refund without one is a good month.

📖 Full article: https://prosperinproperty.com.au/learn/your-tax-refund-and-the-payg-withholding-variation/

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