APRA changes make borrowing easier. Post the federal election, the mood in the property market looks active and very promising. There are many good indicators that indicate we are entering a new property cycle. A move that’s going to make it easier for everyday Australians to qualify for a loan. One of those indicators is the recent announcement from Australian Prudential Regulation Authority (APRA)....
When it comes to property buying, there are many types and forms of real estate available. One popular type of property is the house and land package. So what is a house and land package and why is it so popular? There are two types of house and land packages You buy your vacant land and later build your home with a construction loan. Buy the house completed on the developer’s land. The second...
According to the latest statistics from the Crime Statistics Agency Victoria, we have seen our crime rate fall by about 7.8 percent. Victoria Police deputy commissioner Shane Patton "Whilst we acknowledge any crime is one crime too many, when you can see these type of results, it's some validation — it's some vindication that we are heading in the right direction”. The most notable criminal...
How to understand median property prices. When buying property, we all carefully complete our due diligence. We all want to make the right decision and we do the best we can to review the property market. One indicator that can mislead your decision making is observing the change in median property prices. Median property prices are one of the most viewed statistics in the property market. It is very...
Buying property can be fun and exciting. If you have a plan or guide. Here is a manual guide outlining seven important to the buying process of purchasing off the plan: Step 1: Budget, Research and Plan. Talk to us. Its crucial to budget, research, and plan before purchasing any property in Australia. You may have decided on a location or a property, but it’s always helpful to speak to one of our...
Buying off the plan allows you to purchase a new property before it exists, providing you with the ability of only paying a 10% deposit and nothing else until the property is built and ready to settle. One of the notable benefits of buying off the plan is “buying more time”. During the construction phase you can continue saving additional money that could be used to contribute a larger property...
Melbourne was voted as the “World’s Most Livable City”, 6 years consecutively, according to the Economist Intelligence Unit. This year in 2018, it was ranked second. By 2030, its anticipated the population will exceed Sydney as the most populated city of Australia. There are a few reasons why the Melbourne property market is expensive, and perhaps deservedly so. These are the reasons why it...
What to look for when choosing a mortgage broker. A mortgage broker is a professional that arranges mortgages between borrowers and lenders. Consulting a professional mortgage broker can be an excellent contact in helping you accumulate a successful property portfolio. There is estimated to be over 16,000 mortgage brokers nationwide. How do you source the good ones? Here are four things to look for when...
Is the key to saving a home deposit as simple as not buying a coffee each? Well not quite, but spending less does make a difference. The true key to saving for a home deposit is to establish a structured budget. This will ascertain your savings plan. With the implementation of a few strategies such as depositing funds in to a high-interest savings account reducing your cost of living, avoiding parking...
Taking on your first investment property can feel overwhelming and confusing. Speaking to an expert will simplify the process and ensure you take advantage of investing appropriately. Here’s a few reasons why investing at a young age is a great idea Long term investing will compound in value The greatest advantage that young property investors have is time. You have a long-time frame to buy/hold and...