If you invest in property, it could be positively or negatively geared. And it has nothing to do with mechanics or engineering. It refers to whether the income you receive for the property is higher or lower than the overall amount you pay to own it. These can have implications for the investor, not only … Read more
When you work for yourself, you may pay yourself a consistent income, but, more likely, your earnings fluctuate month to month. You may have experience managing your personal cash flow to accommodate this, however lenders tend to look for stability and a track record of making ends meet. So, if you are self-employed and want … Read more
The Reserve Bank of Australia (RBA) today announced the cash rate increased from a record-low 0.1% to 0.35%. This is the first time the RBA made a change to the cash rate since November 2020 saying now was the right time to begin withdrawing some of the “extraordinary support that was put in place to … Read more
Investors are continuing to show confidence in the future of property with the latest data showing a 6.1% rise in the value of housing loans made to investors in January, according to the Australian Bureau of Statistics (ABS). A total of $11 billion was loaned to investors – that’s a new record and the 15th … Read more
You’ve found the property. Your broker has helped you find the right loan with a competitive interest rate and all the features you want. You’ve completed the application and now you’re waiting for settlement. As the day comes you look through the paperwork but that competitive fixed interest rate you applied for has just jumped … Read more
A guarantor could enable you to purchase a property sooner and potentially save thousands of dollars By using the equity they’ve built up in an existing property, a guarantor may provide security that enables you to buy a home or invest in residential property (known as a security guarantee). They may also offer a security … Read more
Everything you need to know about buying your first home, or moving into a new home. Going from buyer to homeowner might seem like a daunting journey, but as long as you’re prepared, buying your first home can be a smooth process. Before you start your house hunt, there are a few things to consider. … Read more
You can get a leg-up on other buyers and shop for your new home with confidence if you’ve been pre-approved for a home loan. A formal pre-approval is a critical step in purchasing property – it’s when a lender gives you an approved amount to borrow based on a full assessment of your financial situation. … Read more
Saving for things like holidays or renovations can be difficult while you’re paying off a mortgage, but it doesn’t have to be. Home equity loans are designed to give you access to the equity in your existing home loan via a line of credit loan. Mortgage refinancing is a common way of tapping into the … Read more
Owning your property is a feeling unlike owning anything else. For many Australians, the decision to purchase a property or continue to rent a property may not be an easy decision and it’s not uncommon to feel hesitation. If you’re considering purchasing a property we’ve outlined some of the things you should consider to make … Read more
