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Should I buy a property during the COVID-19 pandemic or wait ?

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Is now a good time to buy a property? Should I buy a property during the COVID-19 pandemic or wait? These questions have been asked by a lot of people since the outbreak of the Coronavirus pandemic. These are the type of questions I’m regularly answering for our clients at Credit Hub. To be honest, to buy or to wait is not a simple question to answer, especially when it comes to property purchase, particularly in light of COVID-19.

Owning a home has been considered to be one of the lifetime dreams, it’s important to consider and conduct researches on all the facts and factors as it will be a major investment and commitment. It’s understandable that in such time of enormous uncertainty, investors and first home buyers are starting to feel cold feet.

Impact on the property market

It’s clear that our property market won’t be immune to the Coronavirus economic fallout; However, we have not yet seen a dramatic impact on the housing market, and I believe this doesn’t necessarily mean property value will plummet. According to property experts, the property value may fall a little in the next few months. Nevertheless, according to Yahoo finance “the evidence so far, including the latest auction clearance rates and price data, indicates that the property is hanging tough in the face of the virus crisis.

Should I buy a house during COVID-19

It’s normal to feel confused and panic when everyone is running around thinking the world is coming to an end. It’s also normal to find it difficult to make the decision of buying a property now. While the current uncertain situation may be a great opportunity for buyers as Albert Einstein said, “in the midst of every crisis, lies great opportunity.” From a property market perspective, for those people who are ready to buy, now is the best time. This is because you will get historically recorded low cash rate, lenient lending, and as well as other deals and offers from banks, developers, and builders.

Am I ready to buy a property

As mentioned above, there is no doubt that for those who are ready, they would be buying towards the lower end of the market. However, when determining whether you are ready, there are a few key factors to take into consideration. Most importantly, your financial situations.

      • Make sure you have prepared enough for the down payment.
      • Make sure you have a secure job and have your finance organized, which means you need to ensure you can afford the mortgage repayment in the long-term.
      • Make sure you have an emergency plan in case if something goes wrong, you can still afford the mortgage.

Disclaimer:

The information presented by staff or employees of Credit Hub and its associated companies is provided for general informational purposes only. We do not guarantee the accuracy, completeness, or timeliness of the data or views presented. Audience members should conduct their own research and verify any information before relying on it. Credit Hub and its associated companies are not liable for any errors or omissions, or for any actions taken based on the information presented.

Mortgage Broker in Point Cook

Credit Hub Australia
About the role

Join our dynamic team at Credit Hub Australia as a Finance/Mortgage Broker in our conveniently located Point Cook office, close to the freeway and train station, with free parking available.

In this role, you will be responsible for providing personalised mortgage solutions to our valued clients and also managing your colleagues by co-ordinating the allocation of files and general day to day running of the broker team. With a focus on delivering exceptional customer service, you will guide clients through the entire mortgage process, from initial application to final approval.

“Position is for Mortgage broker on commission/contract basis.”

What you'll be doing
  • You will develop and expand network with our help.
  • Sales, cold calling, and networking come naturally to you. You thrive on engaging with prospective clients to understand their unique financial needs and goals.

  • You will act on leads and existing database as provided and generate sales and ongoing relations.

  • Actively participate in team meetings and contribute to the overall success of the business

What we're looking for
  • You are an existing broker with proven experience in Mortgage Broking or lending abilities, or in a similar financial services role looking to take your career further with a successful Mortgage house.

  • In-depth knowledge of the Australian mortgage market, including products, policies, and regulatory requirements.

  • Excellent communication and interpersonal skills, with the ability to build lasting relationships and earn client trust.

  • A strong commitment to delivering outstanding customer service and consistently exceeding client expectations.

  • Self-motivated and capable of working independently, while also thriving in a collaborative team environment.

  • Relevant industry qualifications, such as a Certificate IV in Finance and Mortgage Broking.

  • Ability to manage multiple tasks, stay organized, and work reliably without supervision.

  • A results-driven mindset with a strong sales focus, coupled with exceptional work ethic, time management, and multitasking abilities.

What we offer

At Credit Hub Australia, we are committed to providing our team with a supportive and rewarding work environment. Some of the key benefits of joining our team include:

  • Competitive remuneration and performance-based bonuses
  • Ongoing training and professional development opportunities
  • Flexible work arrangements and a positive work-life balance
About us

Credit Hub Australia is a leading provider of mortgage and finance solutions, with a strong presence in the Point Cook in the Western Suburb of Melbourne and surrounding areas. Our mission is to empower our clients to achieve their financial goals by delivering personalised, expert advice and exceptional customer service. We are a dynamic and growing team, driven by a passion for helping our clients and making a positive impact on our local community. We are with Finsure as an agrregator Group. 

If you’re ready to take the next step in your career as a Mortgage Broker, apply now to join our team at Credit Hub Australia.

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