In response to evolving market dynamics and demands, we have updated and simplified our pricing structure to make bridging finance more accessible and flexible for Australian homeowners and brokers.
Recent trends show homeowners need faster financing for property opportunities and shorter loan terms as they await property settlements after selling their homes.
Since April, there's been a 66% rise in borrowers seeking new homes before/during existing property settlements, with bridging periods shortening by 70%—from over 8 weeks to 5 weeks. This aligns with Core Logic's data of increased property sale times and lower listings.
In response, we launched a flexible pricing structure. The new model offers a 1-month interest-free period and a significantly reduced set-up fee, catering to short-term bridging while accommodating up to 6-month terms.
Visit your Bridgit Knowledge Hub for more information on the price update or give us a call on 1300 141 161.
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