As the Australian property market continues to grow, all the signs point to this boom being here to stay. With interest rates locked in at slightly above zero, and the Reserve Bank assuring that it will stay this way over the next four years, it is no wonder that buyers are scrambling for a piece of the action.
Australia’s property prices are rising at the fastest rate in 17 years, and the restricted supply is causing buyers to jump on any opportunities. This growth was spurred by the combination of low mortgage rates, improving economic conditions, government incentives and low advertised supply levels.
This sustained period of growth has not been seen since the end of the Global Financial crisis, and after having the time to evaluate their finances through the pandemic, the broad-based boom means many are breaking into the property market for the first time.
If you are one of the many lucky Australians who have recently broken into the property market, then you will understand the excitement of purchasing your own place. However, it is more common now, than ever before for those first-time buyers to have never lived out of their parent’s houses until they have purchased their own place. Naturally this means that moving out brings a lot more costs than expected, especially when furnishing a house.
It may seem like a daunting process to have to furnish a whole entire house, apartment or townhouse, when the likelihood is that you own your bedroom furniture, and that is about it. So, it is important that once your settlement has passed and it is move in day, that you have the resources available to purchase furniture.
However, if you have found yourself in the situation where you are needing to furnish your new place, only to be held up by short-term lack of funds, it can be incredibly frustrating. You don’t want your friends or family coming over when you have a table but no chairs, or a TV but no couch. Luckily for you, this situation can be fixed quickly and easily. If this is where you are stuck, then there is value in considering a small, short term loan from a reputable credit provider, such as Spondooli.
The advantage of this form of loan is that you don’t need to deal with the excessive paperwork required for a loan from a banking institution, and the funds are usually available within a few hours once the loan is approved. All you need to do is meet the necessary criteria including secure employment and a track records of your earning (easily demonstrated by your bank account history).
So, by the time your family and friends wants to come over and check out your new place, you can welcome them into your beautiful, new and fully furnished space. They can enjoy the space and you can relax, now that everything is furnished. Spondooli loans are quick and easy to apply for – as everything is done online. So, what are you waiting for?