A Pre-Purchase Property Inspection is a must!
Pre-Purchase Property Inspection Our good friends at Resicert show you how to ensure peace of mind and avoid any post-purchase surprises. It’s taken a while, but you’ve found your dream doer-upper. It’s a little out of your pricerange, but you know with the refurbishments you plan to carry out that you’ll make akilling when you […]
Hardship rates in mortgages to inevitably increase following recent increase in RBA rates.
Melbourne Cup Day brings excitement and fear in equal measure for two main reasons. For those with a short memory, the day after the Melbourne Cup, traditionally came with the following inevitable feelings: So what makes 2023 so different? The traditional hangover associated with the day after the Melbourne Cup Day is usually worst felt […]
Thinking of fixing your home loan rate? Look before you leap.
Thinking of fixing your home loan rate – beware – look before you leap. Anyone with a memory longer than 4 years will recall that home loan interest rates during Covid were ridiculously low. It also showed how little predictive power people who set these rates actually have. The common thinking in 2021 and into […]
HOMEBUILDER GRANT: $25,000 STIMULUS PACKAGE ANNOUNCED!
The HomeBuilder scheme, a housing stimulus package of $25,000 for owner-occupiers to build a new home or renovate their existing house has just been announced by the federal government. The total value of the package is estimated to be $688 million, allowing for around 27,000 grants. Stimulus packages are not a new term in the construction space. […]
EXPLAINER: FIXED-RATE LOANS
With interest rates at an all-time low, and many lender’s fixed rates lower than their variable options, locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one. When purchasing a property, […]
FINANCES ON YOUR MIND? DO YOURSELF A FAVOUR, SPEAK TO A BROKER
If you are finding it tough to meet your current financial obligations or you are just interested in reviewing your current home loan, then you are not alone. Mortgage brokers stand ready and able to assist with your options during this difficult time. Turbulent does not even begin to describe 2020 so far. As a […]
SELLING YOUR HOME? HERE ARE THE FIRST STEPS TO TAKE
There is more to selling your home than putting up a ‘For Sale’ sign on your front lawn. Here are the first things you should check off your list to help you get a favourable result from your investment and to ensure the process runs as smoothly as possible. Choose a quality agent Asking family […]
6 THINGS YOU MUST KNOW ABOUT HOME CONSTRUCTION LOANS
1. Construction Loans are different to traditional home loans Construction loans are designed to allow you the ability to build your dream home, but also to mitigate risks of project blow-out and delays. Every bank has different policies but generally you shouldn’t expect to receive the whole sum once you sign all the papers. The […]
THE ULTIMATE SECRET OF VALUATION UPLIFT AFTER RENOVATIONS
You may have an investment property that you plan to renovate, or it may be your own house. Once the renovation is finalised, it is a good idea to get your property re-valuated. Here’s why: Let’s say the property’s original value was $1M and your loan is 80% of the value. You just finished with […]
TAKE THE STRESS OUT OF CONSTRUCTION LOANS
Buying a house and building a house is not the same thing. Financing a house purchase is relatively straightforward. You agree on a sale price, your broker gets you a good deal with a bank that lends you 80% of the cost, and you pay the remaining 20% plus costs. You then settle on a pre-agreed date. Result: […]