It has been very much in the news lately that APRA, the banking regulator, is forcing banks to make changes to the way they assess loan applications. These changes will have a big impact on whether or not your loan will be approved by a bank. Amongst the numerous changes there are three which will [Read more…]
Negative gearing or the process of claiming a tax deduction for losses incurred in renting out a property, is a hot topic in the news at the moment. A lot of what has been published about negative gearing in the mainstream press is misinformed. Here I am going identify some of the myths that are [Read more…]
Commercial lending is the provision of finance for the purchase of a commercial premises, such as an office, warehouse or factory. This type of finance is quite different to home loans and has a number of distinctive features which I will outline in this article. All lenders offer commercial finance but it comes with the [Read more…]
One of the most contentious areas in the property industry at the moment is the issue of valuations and what a property is really worth. If you are looking to either refinance your loan, increase your existing loan to get cash out or consolidate some debts then the issue of how much your property is [Read more…]
Building or renovating is a great way to achieve the house you desire. You have the freedom to add quality craftsmanship and the design features that you and your family will value. Creative projects like these are both exciting and stressful. Many new home owners and upgraders look at the benefits of purchasing a house and land package. Not only do you need the right [Read more…]
With over 30% of adult children still living at home it’s no wonder parents may have to consider working until they are 70! The challenge of home ownership for young Australians is an enormous issue. However the consequences for parents are just as concerning. Studies show 46% of parents were happy to relinquish their empty-nest lifestyle and [Read more…]
For most people, purchasing investment property is a road to wealth. Real estate agents, investment gurus and financial advisers all sing the praises of buying investment property as a sure fire way to make money. Whenever the topic of buying property for investment is written about in the media only the positive aspects are talked [Read more…]
One of the most intimidating aspects of looking for a new property to purchase is dealing with real estate agents. A number of my clients have reported some very amusing and some very appalling stories of their dealings with a real estate agent when purchasing a home. Now this article is not to bag real [Read more…]
We are all so focused on the money going out of our pockets that we sometimes don’t notice what’s coming in. When you think about it, there are many events in our lives when we do actually have a financial win, but because of our busy lifestyles, we don’t register them. It starts as early as when your children grow out of nappies. During the first [Read more…]
The New Credit Reporting Changes and what it means for you As of 12 March this year significant changes have been made to the credit reporting system in Australia. This will impact anyone applying for a home loan. At present, when you make a loan application the first thing the bank does is to obtain [Read more…]
Australian Credit Licence Number 383177
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