Just last week, we were talking about the possibility of a November rate cut creeping back onto the table. Softer employment figures had markets whispering that the door might be ajar again.
Fast forward seven days, and that door has been well and truly slammed shut. September quarter inflation came in hotter than expected – 1.3% for the quarter and 3.2% over the year – snuffing out any near-term hope of a cut.
It’s a reminder of how quickly the tone can shift. One week, the data’s hinting at easing; the next, the RBA’s talking tougher again. For borrowers and brokers alike, it underlines just how fluid this environment remains. Sentiment is moving faster than ever, and timing is everything.
So, while last week’s optimism may have faded, the big picture hasn’t changed: the market is still searching for stability, and confidence will return once the inflation pulse starts to ease. Until then, it’s all about staying alert, nimble, and ready for whatever next week’s numbers bring.
In this week’s newsletter, we run you through a case study that played out in our office this week. I’m very proud of the team’s ability to solve problems that other brokers seemingly can’t.
Every so often, we see a deal that reminds us why experience, creativity, and collaboration matter in this industry. Recently, we were introduced to a self-employed client who was staring down the barrel of losing their deposit on a new home build. Another broker had told them it couldn’t be done—the numbers didn’t stack up, and the deal was apparently “unserviceable.”
But once the client came to Mortgage Domayne, things turned around quickly.
Our broker took a closer look at the client’s overall position and noticed something the previous broker had missed: their company-owned vehicle, financed four years ago, was locking up valuable cashflow. With repayments still relatively high, it was restricting their borrowing capacity for the home loan.
Rather than give up, our broker reached over the desk (literally!) and tapped one of our Domayne Asset Finance specialists on the shoulder. Together, they workshopped the scenario and identified an opportunity to refinance the vehicle under improved terms. By accessing sharper rates and extending the loan over a more suitable term, we could reduce monthly repayments and free up crucial cashflow – enough to make the home loan serviceability work.
Our asset finance broker engaged with multiple lenders, comparing options and structuring the refinance application to align with the client’s company profile and cashflow. Less than 24 hours later, the refinance was approved.
The impact was immediate. The client’s vehicle finance costs dropped, their monthly cashflow improved, and suddenly their borrowing capacity looked a whole lot stronger. Armed with an updated assessment, our mortgage broker re-ran the home loan scenario and this time, the deal stacked up perfectly.
Within days, the client had full loan approval for their new build. Deposit saved. Dream home back on track.
If not for the collaboration between Mortgage Domayne and our adjacent team at Domayne Asset Finance, the outcome could have been very different. This case is a perfect example of how our integrated approach of combining residential and asset finance expertise under one roof enables us to deliver outcomes others can’t.
When you’ve got complex income, multiple entities, or tight cashflow, it’s not always about saying “no”, it’s about knowing where to look for the “yes.”
At Mortgage Domayne and Domayne Asset Finance, that’s exactly what we do best.
Variable
The rates below are based on a $500,000 loan, with the borrower making principle and interest payments with a loan term of 30 years. The rates quoted may vary depending on the borrowers LVR.
1 Year Fixed
The rates below are based on a $500,000 loan, with the borrower making principle and interest payments with a loan term of 30 years. The rates quoted may vary depending on the borrowers LVR. At the end of the three year fixed period, the borrowers interest rate will revert to a standard variable rate for the life of the loan.
