Serviceability, what does it actually mean?
So the bank has just told you that you can borrow $1,000,000 and you don’t know whether you’re excited or scared. Excited, because you can borrow the money. Scared because you’re worried how you will pay back $1,000,000. The process of buying a home is daunting in its self, that’s a short-term experience. You’ve purchased […]
Purchasing property series – pre-purchase checks – reading the property report
Last week we spoke about RP Data property reports, so let’s pick it up from there. So by now I’ve sent you the report and you’re thinking, how do I read it and what does it all mean? The property report is usually eleven pages long and includes crucial information about the property. Firstly, it […]
Purchasing property series – pre purchase checks – self inspection.
So you’ve already seen the property and now you’re getting serious about putting in an offer, but not before going in for another inspection. Most people inspect the property while they’re still emotionally invested in it, and because of this they may overlook small things that once the excitement subsides become bleeding obvious! They’re simple […]
Purchasing property series – pre purchase checks – contracts
Last week we went over RP Data property reports, this week we’ll talk contracts and what you need to know. Getting the keys to your brand new property can be pretty exciting and signing your contract can also conjure up some really active butterflies in your stomach but please, please, pretty please! try not to […]
What happens when I defer my mortgage repayments?
I think the Government has done an amazing job responding to COVID-19 and the economic impact. Packages like JobKeeper, JobSeeker, small business loans and cash flow support for businesses have had a positive impact on many peoples lives. The Australian Government have also provided banks and lenders with funding lines and guarantees to make these […]
Is now the best time to buy a property?
There is this preconceived idea that there is always a ‘best time’ to buy property. People pay thousands of dollars to be told by so-called professionals when to buy a property. There are many different magazines and print media that have made a living based on releasing this information to the public. There are various […]
Should I fix my interest rate?
Legally I can’t give you a direct answer and tell you to fix or not to fix your interest rate, but here’s what I can do.
I can tell you how to think about fixed rates.
Is it already that time again….?
How many times have you heard these phrases. ‘Can you believe it’s January?’ ‘Can you believe easter has come and gone?’ ‘It will be Christmas before you know it’. We may hear these phrases from the people around us or say these phrases ourselves. Whatever the case, life is passing us by quicker than ever. […]
There is a new bank in town
There is a new bank in town and no, its CEO will not be facing the Royal Commission and possibly collapsing… Our banks and financial institutions have been subject to some grilling by the Royal Commission into their practices and some of the evidence found is shocking. However, there is a new bank in town […]
Your property and the opportunities that come with it
I usually get asked questions like, how to pay off your mortgage sooner? How do you grow your property portfolio? How do you invest more? Why are you so cool…only joking no one ever asks that last question.
