#306: Daniel Pym – How the Wealthy Borrow
In Episode #306 of Catching Up with CUB, Daniel sits down with longtime CUB member Daniel Pym, Director of Loan Market Double Bay, to explore how the wealthy borrow, how to get the best rate on your mortgage and how property investment has changed since the latest Federal Budget. A broker for 25 years and a winner or finalist in more than 30 industry awards, Dan and his team write around half a billion dollars in loans a year, working at the top end of the market in Double Bay, where he says hundreds of brokers compete for business. Daniel and Dan unpack why many wealthy buyers still choose to carry debt on their homes, why investment lending all but stopped after the budget, and why more buyers are now putting their money into the biggest home they can afford rather than another investment property. They also discuss the First Home Guarantee, why Dan's team reviews clients' interest rates twice a year, how Australia's building approval process is slowing new housing, and why the next generation needs more than one viable path to building wealth. A timely conversation on property, borrowing and getting ahead in Australia.







