How do you increase your borrowing power with the banks?
Aggressive back to back rate rises by the RBA have put a lot of would-be investors in a much different position than they were back in April this year. While rents have been rising and some property prices have begun to fall, presenting investors with some opportunity to build wealth and bring in strong cashflow, […]
RBA Cash Rate Announcement – October 2022
The RBA has hiked the cash rate again in October, though this time it took the foot of the throttle slightly and hiked by 25 basis points instead of 50, to now sit at 2.6%. Many analysts had been anticipating the full 50 point rise, especially on the back of the latest inflation figures, so […]
Settlement & beyond
First time investors often sign on to a loan to purchase a property, without realising they are hampering their future investment opportunities. Later on, they realise they have made fast equity and want to withdraw some for their next investment, but find they can’t because their mortgage broker has signed them onto a deal which […]
The Lending Year That Was In 2021
The lending year that was in 2021 2021 was another crazy year in every sense of the word. Of course there was the pandemic, which put a stamp on us all for the second year running, with the Delta variant first becoming the dominant strain of Covid, followed by Omicron at the end of the […]
Buying Properties In 2022 – Get Organised
Here we are at the pointy end of the year already. And 2021 was a crazy one. Just as people spent the year going in and out of lockdowns, worrying about vaccines and facing financial uncertainty, property markets boomed all around the country. If you were looking to buy, the year may have gotten away […]
First Home Buyers – What’s Available To You?
First home buyer grants, concessions and benefits chop and change, but in recent years, they have mostly been aligned to the construction of new homes. By helping first home buyers (FHB) buy new properties, governments are also stimulating the building industry and incentivizing the supply of extra homes. FHB grants have been around since 2000, […]
Looking To Climb Up The Property Ladder
So you want to make the most of low interest rates and rising property markets and build a bigger property portfolio? Unfortunately, those same low interest rates make it much harder to save for a deposit the old fashioned way. But that doesn’t mean you can’t climb up the property ladder. That’s where equity comes […]
How Mortgage Brokers Can Screw You Over
If you want to build a property portfolio to get you where you need to be, you need to make sure everyone you are relying on is on the same page as you. Your accountant, legal team, buyer’s agent and, most importantly when it comes to loans, your mortgage broker. Your average mortgage brokers out […]
Eligibility Criteria
Thinking of applying for a home loan? Lenders have a lot of eligibility criteria that you need to meet before they will lend you money. Here’s what you need to know. Who are you? You will need to be: An Australian citizen, or a permanent resident, or married to one or a temporary resident visa […]
Different Types Of Home Loans Explained
Before you get into individual loan types and their features, you first need to look at what type of overarching loan it is. For example, is it a residential home loan, or is it for a commercial property? Is it for an individual borrower, or for a business? There are so many different loan categories […]
