Mortgage Broker Chermside | Home Loans Chermside
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Buying a property in Chermside?
Home to the largest shopping centre in Queensland, Chermside is a hub of activity just 20 minutes from the CBD. With a neighbourly spirit and plenty of transport options, Chermside is an excellent choice for those seeking convenience as well as community. The sprawling green grounds of Marchant Park and 7th Brigade Park give the kids (and dogs!) ample space to play on the weekend, and there are plenty of local restaurants and bars to entertain the adults in the evening.
In 2022, the median house price in Chermside was $900,000, and the median unit price was $445,000. If you’re interested in purchasing a home in the area, get in touch with Naree Ellis now to find the right loan for you.
Should I choose a fixed or variable rate?
One of the top questions for buyers is which kind of rate to choose - fixed or variable. While there’s no one size fits all answer, our team here at Mortgage Choice in Chermside can help educate you on the benefits and drawbacks of each, and guide you toward the choice that best fits you and your life.
A fixed rate loan involves locking in your interest rate for a period of time, usually several years, so your repayment amount will not change. However, a variable rate loan may change at any point subject to your lender’s discretion. This may be influenced by RBA decisions or other factors.
The benefits of a fixed rate include
- Consistent and predictable repayments, allowing for precise budgeting
- Avoiding any interest rate rises
- Financial peace of mind in a volatile economy
While the drawbacks include
- Lack of reduction if interest rates fall
- Less flexibility to make additional payments
- Larger penalties for exiting the loan
Naree Ellis can answer any questions you may have about different loan types, and help support your journey to make a choice that will benefit your life and future. Get in touch with Naree today on 0426 962 952 to take the first step.
Useful online property guides
Read more about owning a home in our downloadable online guides.
- First home buyer's guide
- Step-by-step guide to home ownership
- Building your home guide
- Property investor guide
Contact Naree Ellis, your Mortgage Choice broker in Chermside today on 0426 962 952.
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