Property

Top Tips for Buying Property at an Auction

Auctions represent a great way to get the home of your dreams. If you’re lucky, you may even score a great price for it. However, if you aren’t exactly experienced in buying a house at an auction, this may turn into a roller coaster ride of hell that you’ll just wish you never got on […]

By |December 11th, 2017|Categories: Home Loans|Tags: |Comments Off on Top Tips for Buying Property at an Auction

How a Bridging Loan can Help You Secure the Property of Your Dreams

A bridging loan is a temporary loan that is intended to ‘bridge the gap’ that could exist when a homeowner is still selling his house and when he is set to take another mortgage. In other words, when a homebuyer is purchasing a new home before completely selling his current house, the bridge loan can be a source of cash needed to pay the down payment of the new home purchase.

Bridging loans are supposed to use the buyer’s existing house as security. The facility can provide sufficient amount of money to fund the down payment, which is a requirement to buy and relocate to the new move-up home. There is doubt that a bridging loan can help you finally buy your dream house.
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By |May 3rd, 2012|Categories: Bridging Finance|Tags: , , , , |Comments Off on How a Bridging Loan can Help You Secure the Property of Your Dreams

Is It a Good Time to Buy Property in Australia?

The Australian property market is not expected to drop, but it is projected to remain steady all throughout this year (2011). Price tags are set to remain within their current levels but would more likely grow moderately in the next two years. This is the unanimous forecast of numerous industry analysts and observers in the country.

Housing market experts note that local property prices could remain flat or slightly rise within the coming months. However, they assert that homebuyers need not worry. Price increases across the country are still low when compared to housing costs in most other developed countries. Thus, it is still the best time to find and buy Australian properties. […]

By |June 29th, 2011|Categories: Home Loans|Tags: , , , , , , |Comments Off on Is It a Good Time to Buy Property in Australia?

Suburbs Where it is Cheaper to Buy Than to Rent

Australian Lending Centre uncovers a number of suburbs in Australia where it is more affordable to buy property than rent.
According to research by property specialist RP Data, there are 74 suburbs across Australia where the monthly cost of renting is higher than that of a mortgage repayment. This is split respectively between regional and metro […]

By |May 23rd, 2011|Categories: Investment Property Loans|Tags: , , , , , , , |Comments Off on Suburbs Where it is Cheaper to Buy Than to Rent

Property Market Strong – Sell Now

Property markets are booming ahead of the spring selling season, however analysts warn that the selling blitz may be a sign that vendors are making a move ahead of an expected hard selling season ahead.
Saturday, 28th August saw agents in Melbourne sell a massive $341.9 million worth of property, which cleared 70% of the 658 properties up for auction, according to the Real Estate Institute of Victoria.  Melbourne’s most expensive property sold was a four-bedroom, family property at Ivanhoe that went for $4.3 million.  The cheapest was a three-bedroom house at Rockbank that went for $237,000.
Sydney auctioneers cleared 73% of their 316 listed properties, with the most expensive being a six-bedroom federation-style home in Burwood – selling for just under $4.2 million.
In Brisbane, a less conventional market, 49% of the 58 properties for auction were cleared, which was up from 12% of 50 properties this time last year.
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By |May 20th, 2011|Categories: Home Loans|Tags: , , |Comments Off on Property Market Strong – Sell Now

Interest rates the lesser evil, study finds

HIGH interest rates and property prices are only part of the story behind home-loan defaults, a mortgage insurance company has found. In a study on the contentious question of mortgage stress, the Genworth Financial report found that of the 1 million borrowers it insures, fewer than 5000 had fallen three months behind on their repayments.

Genworth’s country executive, Peter Hall, said this rate of default was within the historical trend of mortgage default rates, reflecting Reserve Bank assessments of mortgage stress.

Although interest rate rises are largely blamed for mortgage stress, Mr Hall said the research showed that unexpected events in borrowers’ lives were more important causes of failures to meet debt repayments. […]

By |May 12th, 2011|Categories: Interest Rates|Tags: , , |Comments Off on Interest rates the lesser evil, study finds

Selling Your Home or Investment Property

Congratulations on the prospective sale of your property. It is often an exciting and yet stressful time. Let’s face it, putting your property on the market is a big step.
So tell me, why are you selling?
There are many reasons you could be selling your property, do you want to upsize? Maybe you want to downsize? Perhaps you are finding the burden of your existing mortgage just too much?
If you are struggling with your current monthly commitments and need short term funds to help you over the hump until your property sells, call us now on 1300 138 188 for a confidential enquiry with one of our team. […]

By |May 12th, 2011|Categories: Home Loans|Tags: , , , |Comments Off on Selling Your Home or Investment Property

Homeowners Sigh Breath of Relief as Interest Rate Rises Halt

Homeowners Australia wide have sighed a breath of relief this month, as the Reserve Bank did not raise interest rates. There has been an ongoing climb in interest rates, with 12 steady rate hikes since 2002. This month signals the first time the RBA has remained static in 6 years.

As Icap senior economist Matthew Johnson […]

By |May 12th, 2011|Categories: Interest Rates|Tags: , , |Comments Off on Homeowners Sigh Breath of Relief as Interest Rate Rises Halt

Rent Prices Soar to New Heights

Frightening new statistics suggest rent prices are set to rise by up to 50% over the next four years. A new study from Australian Property Monitors (APM) has suggested these figures are very real predictions for the immediate future.

“This is not good news for renters … we advise renters to lock in their current arrangements for as long as they can,” APM general manager Michael McNamara cautioned recently. These alarming predictions may suggest that renting will match that of mortgage repayments.

For those unable to afford a mortgage and have alternately turned to renting, it provides a very worrying picture for the next five years. This can only serve to put increasing pressure on living arrangements, with young people moving out of home feeling the brunt of the rising costs. […]

By |May 12th, 2011|Categories: News|Tags: , |Comments Off on Rent Prices Soar to New Heights

The Unstoppable Australian Debt with No Solution In Sight

It is becoming alarmingly apparent that more and more Australians nationwide are falling into the household debt. With ever-increasing interest rates, mortgage repayments are becoming unmanageable and daily living costs are soaring.

Managing Director of the Australian Lending Centre, Chris Riotto, asserts, “We are receiving an influx of customers who just can’t afford to sustain their increasing mortgage repayments and keep up with household costs.Although these people initially had sufficient incomes to meet their repayments, because inflation is now increasing to an unmanageable point, they are now finding it virtually impossible to stretch their incomes enough to make ends meet.” […]

By |May 12th, 2011|Categories: Debt Management|Tags: , , , |Comments Off on The Unstoppable Australian Debt with No Solution In Sight