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The online home loan marketplace and Realestateview.com.au have announced a pilot partnership to help home buyers find appropriate finance solutions.
Joust will be providing Realestateview’s property seekers an integrated home loan marketplace in order to help them connect to lenders and brokers that best suit their home loan needs when looking to buy, sell, or invest.
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Joust’s platform connects consumers to a network of lenders, allowing over 80 per cent available home loans in the Australian market.
Integration of Joust’s services is now live on Realestateview’s website.
Joust chief executive Carl Hammerschmidt stated: “Partnering with realestateview.com.au was a great opportunity to leverage the platform’s high volume of active property seekers with Joust’s deep customer data to provide the best outcome for the consumer.
“With the cost-of-living skyrocketing and interest rates continuing to rise, we provide an open, transparent and competitive process to help property seekers uncover the most suitable home loan products and lowest rates available.”
Realestateview.com.au CEO Toby Balazs stated the partnership with Joust provides its audience with “access to a better home loan product and puts the power back in their hands”.
“This partnership is formed based on our mutual alignment in getting the best outcomes for our customers,” Mr Balazs stated.
“We want to help our property seekers at all stages of their property journey.”
Higher cash rates will further impact consumers: Joust survey
According to a survey of 1,500 brokers conducted between 14–25 October, half of those surveyed (50 per cent) suggested that the cash rate will rise to 4 per cent or more over the next year.
The majority of brokers (87.5 per cent) predicted the cash rate to rise on 1 November, however, there was less consensus around how high the rate will be over the next 12 months, the survey showed.
A notable takeaway from the survey indicated that most brokers are encouraging borrowers to focus on “wise spending” and to borrow with a “bigger buffer than what a bank servicing calculator may allow”.
These recommendations came after the survey revealed that Australian mortgage brokers believe that rising interest rates will impact the spending habits of consumers more significantly than mortgage repayments and property costs.
Included in the survey, the general sentiment among brokers was that customers are more nervous and that they’ve seen a reduced number of home buyer inquiries in favour of an increase in borrowers looking to refinance.
[RELATED: Cash rate to surpass 4% in the next year: survey]
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