THREE CHANGES BANKS ARE MAKING THAT WILL IMPACT YOUR LOAN APPLICATION

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…]

FOUR MYTHS ABOUT NEGATIVE GEARING

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…]

If You Are Considering Refinancing Your Existing Home Loan then You Need to Know how Valuations Work

5 Rules for Refinancing your Home Loan

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…]

How to Avoid the Pitfalls of Property Investing – PART 2

This is the second part of this series on how to avoid the pitfalls of property investing. In this post I am going to identify and discuss two more pitfalls to be aware when deciding to invest in real estate. These next two pitfalls are a little bit harder to identify and deal with then [Read more…]

3 Reasons Why Interest Rates Will Stay Low

The future direction of interest rates is a topic that the mainstream media is always talking about. The monthly Reserve Bank of Australia meetings are highly publicised and during the lead up to each meeting economic commentators in the mainstream media go into overdrive where their thoughts on the future direction of interest rates. My [Read more…]

Want Your Kids to Move Out? – Four Different Ways to Help Your Kids Enter the Property Market

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…]

From Nappies to Investment property – Identifying and Acting on those Missed Opportunities

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

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…]

5 Rules for Refinancing your Home Loan

The real estate market is in an interesting phase at the moment. House prices are rising and interest rates are at a very low level. This means that many home owners with mortgages are thinking about refinancing their home loan to a new bank. There are many reasons why people contemplate refinancing their home loan. [Read more…]

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