First home buyer with a small business and partner with overtime PAYG income – Case Study
The Clients: Jackson and Pippa, two young Australians, have saved $40,000 to buy their first home in Brisbane, QLD, with a purchase price of $700,000. Jackson, an electrician, started his own company 17 months ago and has seen his income increase significantly in the last 12 months. Pippa, a flight attendant with JetStar, has been […]
Case Study – ATO debt; banks say “no way”
The Client Jarred is self-employed. He runs a Computer repair and sales company. He had a tax debt of $120K that he defaulted on. However the ATO never forgets. He had a payment plan of $5,500 per month. He was planning to sell his house and downsize to attempt to clear the debt. The problem […]
CASE STUDY: First home buyer – no deposit
The clients Ronald (named after Maccas) and Pippa are a couple that were renting together but keen to buy their first property together near Sydney, NSW. They were both earning good salaries of $120K and $135K respectively. They found a perfect first home valued at $940,000 close to Pippa’s job. Problems As they were […]
CASE STUDY – Investment property and ATO debt
The client: Mr B (short for Be) runs his own glazing business. He owns his own home worth $700,000, with a mortgage of $450,000. He is seeking to buy an investment property, with a loan of $500,000. The problem: He has already been refused by 3 banks (CBA, Westpac and Macquarie) because his ATO […]
El Funcionamiento de los Corredores Hipotecarios (Mortgage Brokers) en Australia: Una Guía Completa
En Australia, la compra de una vivienda es uno de los mayores pasos financieros que la mayoría de las personas darán en su vida. Con precios inmobiliarios en constante aumento, es esencial asegurarse de obtener la mejor hipoteca posible para satisfacer sus necesidades financieras. Aquí es donde entran en juego los corredores hipotecarios. Estos profesionales […]
The Top 10 Mistakes When Choosing a Buyer’s Agent
In the intricate world of real estate, particularly when buying an investment property, navigating the market to find the perfect property can be a daunting task. If you are finding progress difficult and have realised that: not everything is online, not everything is clear or obvious, not all costs are included, and not everything you […]
THE ONLY 2 RULES OF LENDING THOU NEEDST KNOW
An essay whereupon the author expands on a short and merrie historie of banks. By Master Gordon Kelly, recently of this parish. Have you ever worked in a bank and suffered through their induction program? Or perhaps you studied business studies in school, economics, or a similar subject. If so, you will have come across […]
I have a small business but I can’t get a home loan.
Does this sound like you? Well it sure was our family about 12 months ago. My beautiful wife works for another company and draws a wage every 2 weeks. In bank lending terms, that’s standard. But what about me and income from my small business? For many banks, they just can’t get their head around […]
Bridging Finance – What you need to know about bridging loans before signing away your rights.
What is a bridging loan? A bridging loan is a type of short-term financing, typically for the purpose of buying a house before another is sold. The loan usually last anywhere between 2 weeks to 3 years pending the sale or the arrangement of longer-term financing. Typically they are used in one of the following […]
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 […]