After a long wait the residents of Girrawheen, Koondoola and Wanneroo have finally had their rezoning formally approved and can now start submissions for subdivision STCA (Subject to Council Approval). Quinns Rocks, Yanchep & Two Rocks are currently still in the consultation stage.

You can find more information on the City of Wanneroo website or by calling your Element Finance Joondalup home loan expert.


The autumn property market is proving to be very busy and full of opportunities for home buyers and investors. We expect lower interest rates will stimulate the market even further, so talk to us about getting your finance in place now!

The Reserve Bank of Australia (RBA) met for its May meeting last week and decided to cut the official cash rate by 25 basis points, bringing it to just 1.75%. The move took many forecasters by surprise and brings the official cash rate to an all-time low!

The RBA decided to make the move in response to low inflation figures and a strengthening Aussie dollar. Forecasters do not anticipate another cut in the immediate future, however the RBA is likely to reserve this option in case it feels the economy requires further stimulation moving forward.

This is great news for property owners and buyers across the country. Property markets have been performing well, with plenty of housing stock available to buyers. Auction numbers have been quite high across all states, however clearance rates are not as high as last year for most markets, except for Sydney and Melbourne where they reached 74% for the last weekend in April.

Growth in home values has been good across all cities during April, except for Hobart where home values declined by 5.33%. Sydney home values increased by 2.40%, Melbourne 1.07%, Brisbane/Gold Coast 1.81%, Adelaide 2.03%, Perth 0.47%, Darwin 2.53% and Canberra 1.21%.

Following the RBA cash rate cut last week, lenders have already started to reduce interest rates, particularly on variable interest rate products for owner-occupier purposes. However, we are also seeing rate cuts across other loan product classes, so if you are looking to refinance, fix your interest rate or invest, talk to us and we’ll shop around to find the most competitive rate for your needs.

If you already have a home loan, please remember that when rates are on the move, it’s wise to check with your mortgage broker to ensure you’re still getting the best deal available for your needs. We don’t charge for a home loan health check, so please give us a call today!

We recommend that you seek independent financial and taxation advice before acting on any information in this newsletter. It contains general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances. Your full financial situation will need to be reviewed prior to acceptance of any offer or product. Interest rates are subject to change without notice. Lenders terms, conditions, fees & charges apply. Information sources: Auction results: Home values:

Sincerely , Element Finance

One of the most exciting sporting events ever seen in Perth is returning and we have your tickets! International Ice Hockey Australian Tour are bringing their heart stopping, adrenaline pumping action to our Perth Arena this June and Element Finance have two GOLD STANDARD tickets worth almost $350 to giveaway.
For your chance to get close to the Ice, enter our competition in 2 simple steps:
1. LIKE the Element Finance Facebook page
2. Visit the Element Finance page and comment on this image with the name of the friend you would like to have cheering next to you at the match on 18 June.
But hurry, competition closes on 24 May. Winner announced 26 May. Don’t forget to get your mate to enter you in the competition too! For full T&Cs, please email


People tend to live at home with Mum and Dad for much longer these days. But getting out of home into your own place can be a bit of a challenge – both for yourself and your budget. Here’s a few things you need to know before you can make your big move!

Step 1. Make a realistic budget

When you step out on your own for the first time, you’ll be shocked by how much everything costs – from the price of avocados, to the monthly gas bills. Your parents will be very experienced in this area, so get them to help you make a realistic list of all the expenses you’ll have when you’re living on your own, and work out a budget for how you’ll manage your finances to cover them.

Your list should include a weekly or monthly amount for rent, utility bills like gas, electricity, phone and internet, food, clothes, travel expenses to and from work, dental visits, health insurance and ambulance services – in fact, everything that you’ll have to cover off financially to live by yourself.

Step 2. Save up for the move

Before you move out, it is wise to get into the habit of living on a budget and saving as much as you can. You’ll also need to have plenty of funds in the bank when you make your move as there are quite a few costs involved with getting into a place of your own.

First, you’ll need a month’s rent as a bond deposit and a month’s rent in advance on your place. Next you may need money for your utilities – utility companies often require a deposit when setting up an account for the first time. Then there’s the cost of furniture, kitchenware, and the things you’ll need to set up house – like a cupboard full of food!

Last but not least is the actual cost of moving. You can save money by moving yourself, but bear in mind that if you have to use a removal company, it can be quite expensive and you’ll want to compare quotes from companies to get a good price.

Step 3. Find the right place

You may be dreaming of a slick city apartment, but in reality most people can only afford modest accommodations for their first home. It does pay to be very careful about the kind of place you rent – older homes and apartments can be costly to run in terms of heating, cooling and electricity. You can ask the utility companies for advice on this score – they may actually be able to provide you with information on the average costs of running the house you’re looking at.

You’ll also want to consider whether you want to live on your own or in share accommodation. Sharing is great fun if you shack up with friends or like-minded people your own age, but it can be a nightmare if you find yourself living with strangers who don’t understand your housekeeping habits!

You can look for share accommodation, apartments, units and houses online on most real estate search sites. Remember to stick to your budget – renting a place you really can’t afford is a sure way to cause yourself financial hardship and end up back at Mum and Dad’s place in short order.

Consider staying put until you’re ready to buy

This is the part where we recommend you stay with Mum and Dad until you save up enough money to get a mortgage and buy a place of your own. Saving money when you have to pay rent and cover all of your own living expenses can be very difficult. And paying rent is simply paying off someone else’s investment property when you could be spending that money on buying a place of your own.

If you need advice about whether to rent now or stay put and buy later, then don’t hesitate to give us a call. A place that’s really your own may be closer than you think. Would it really be that hard to stay with Mum and Dad for a little while longer?

We here at Element Finance are super excited to introduce to you the most recent Mortgage Broking expert to join our team, Leandro de Jesus.

If ever there was someone that made discussing finance and home loans truly an enjoyable experience, that someone is Leandro. His genuine enthusiasm to help each and every one of his clients succeed with their property goals is clear in every instance.

Himself an active property investor, Leandro understands what it can take when it comes to starting or growing your investment portfolio. His first hand experience in the WA property market continues to prove invaluable for his clients. 

Focus: Leandro is the guy you want on your side for all things property investment. Living in the City of Joondalup, he has an intimate knowledge of the surrounding suburbs. If its discussing home loan structure, negotiating a personalised deal with your lender or connecting you with other property professionals, he has you covered.

Copyright 2016