Blog
You’ve Won The Auction – What Happens Next?
Congratulations! You’ve just bought a property at auction. Before you can move in, there are some things you need to do. Remember, it’s always recommended to seek legal advice before purchasing a property.
There’s no cooling-off period when you buy at auction, so you can’t change your mind after you put in the winning bid and the hammer falls.
The next steps are governed by state and territory legislation, but are largely the same nationwide.
Read More
Home Loan Market Update – March 2017
The Australian Prudential Regulatory Authority (APRA) is applying pressure to the major Lenders to reduce the number of investors and in turn slow the growth in property prices in Australia’s capital cities.
Read More
Low-Cost Ways To Give Your Apartment A Makeover
If your apartment is looking a bit tired but you think renovations will be difficult – not to mention expensive – you might be surprised at how easy it is to give a small space a big makeover.
Whether you’re preparing to sell or rent your property, or you just feel like a fresh look, renovating an apartment can be rewarding. Apartments and units generally have smaller spaces than houses, so a revamp is your chance to think creatively.
We’re not talking major work here – external changes or major structural work.
Read More
What To Do Before Applying For A Loan
Are you thinking of purchasing a property? Whether you are looking for a home or an investment loan, here are some things you need to do before applying for a loan.
This article will help you understand what Lenders are looking for in a customer. How to be the customer they want to deal with and extend credit to.
Read More
Interest Only Loans Under Scrutiny
Interest only home loans have grown substantially. When ASIC reviewed the market in 2015, it found that the total value of new interest only home loans issued by banks, credit unions and building societies had expanded to account for 43% of all new home loans issued and rising.
ASIC is thus forcing banks to reduce the number and size of Interest Only loans in an effort to minimise the impact on the wider housing market.
Read More
Home Loan Market Wrap Up – December 2016
The RBA has chosen to keep official interest rates frozen at 1.5% for another month following their meeting on Tuesday, December 6. Much to the delight of all mortgage holders.
Having said this, Australia’s banks source about 40% of the funds they lend on residential property from local bank deposits. The remaining 60% of funds are sourced from the international investment markets. Mostly through bond issues and the like.
Read More
