Mortgage Broker Newstead | Newstead Home Loans

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Mortgage broker Newstead

At the junction of Breakfast Creek and the Brisbane River sits the industrial chic suburb of Newstead, filled with a lively mix of heritage and residential buildings, craft breweries and bars, restaurants, and commercial areas. The famous Gasworks precinct will be your go-to for delicious dinners and shopping excursions, and Newstead Brewing Co is a treasured local favourite for a night out. There are also multiple parks and green spaces to enjoy, as well as ample transport taking you around Brisbane. If you love being close to all the action, you’ll love this trendy suburb.

The median price for apartments in Newstead in 2022 was $655,000. If you’re interested in purchasing a property in the area, get in touch with Daniel Lord today to discuss your situation.

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Fixed vs variable home loans

There is no ‘right’ answer as to whether a fixed or variable home loan is better - it will depend entirely on your personal circumstances and the economic climate. While both have their benefits, they also both have notable drawbacks to consider.

Benefits of a fixed rate loan

Budget and repayment certainty
Stability in case of rate rises

However, fixed rate loans often have less features and more fees.

Benefits of a variable rate loan

More flexible conditions
The opportunity to reduce payments if rates decrease

Though, the downside is that your repayments can be unpredictable.

Daniel Lord will be able to talk you through both options and help you make an informed decision about which one is right for you now and in the future. Daniel is dedicated to getting you the best deal possible, so you can rest assured that no stone is left unturned on the journey to secure your home loan.