Unlocking equity to invest
Do you want to buy an investment property but don’t know how to raise a deposit with the rising cost of living and mortgage repayments taking up all your spare cash? The solution might be right there in your own backyard…or the backyard of an investment property already in your portfolio. You don’t always need […]
What to do when out of borrowing power
One of the biggest effects of the RBA’s year of rate hikes has been a significant reduction on borrowing power for everyone. Owner-occupiers have had to face up to being eligible to borrow up to 30% less than this time last year in some cases. Imagine looking for properties with a million-dollar budget in […]
How to structure your property loans to make the most of tax
Getting your loan structure right is essential for building a big property portfolio, as it can prevent you from getting stuck and unable to refinance to invest further down the track. But it’s also important to get it right for tax reasons. The correct structuring of investment property loans can mean thousands of dollars […]
How to make your tax return work for you
Seasoned property investors know that this time of year presents a golden opportunity. While everyone else may dread tax time, savvy investors know they have a chance to expand their property portfolio, or at least maximise its efficiency. The right or wrong decisions can mean thousands of dollars in difference right now, the effects of […]
How you can use your SMSF to buy property.
Economic downturns such as the GFC in 2008 taught a lot of Australians to be more engaged with their future. This was because the superannuation they took for granted suddenly started losing money. How could this be? Who was responsible? Just those questions made people realise they had no real idea what was happening with […]
Different home loan types explained
These days, there is an almost never-ending array of loan products to choose from, and scores of lenders to provide them. And it’s just as well, because more borrowers than ever before are refinancing in order to get a better deal or a structure that suits them better. In fact, the latest data from […]
How to refinance effectively
A decade of falling or steady interest rates had borrowers nice and comfortable, but the last 10 months have woken everyone up to the need to pay attention to their loans and make sure they’re on the best deals. Lenders have happily passed on each of the RBA’s rate rises, meaning everyone is paying […]
How inflation affects your mortgage
Inflation has been running rampant over the past year and the government and RBA are pulling their hair out trying to get it under control. The most recent inflation rate was recorded at 7.3%, up from the previous rate of 6.1%. It is now at the highest point it has been in Australia since 1990. […]
What is LVR and why is it important?
Banks need a buffer to safeguard their investments when they lend money to home buyers. That buffer is your home deposit. As a general rule, banks like borrowers to have a deposit worth 20% of the price of the property. This then means your Loan to Value Ratio (LVR) is 80%. If the bank lends […]
What’s in Store for the Lending Market in 2023
There are three certainties in life…death, taxes and major banks reporting record profit just about every quarter. But as borrowing becomes tougher for owner-occupiers and investors, lending is also more challenging and if banks want to keep those profits coming, they need to offer deals and features that will set them apart from the ever-growing […]
