There are few options for those people who are looking to purchase an investment property with no deposit. This article is going to focus on one specific option: using the available equity in another property in place of a deposit. With some clever finance structuring, it’s possible to avoid the need for a cash deposit.
By Shane | Uncategorized
If you’re in the market to buy a new property or refinance an existing one, then the concept of Loan-To-Value ration (LVR) is an essential concept to understand. It is particularly important for property investors as it allows the astute investor to understand their equity position and whether they are able to start planning their next property acquisition.
In this article, we will cover off on what loan-to-value ratio is, why LVR is important, and how to calculate LVR.
If you’ve owned your property for a few years, and you have been diligently paying down your home loan, then there is a chance that you’ve built up some equity. Equity is the difference between the value of your property and the total amount of loans secured against your property. A popular wealth-building strategy is to use available home equity to purchase an investment property.
The growth in property values in Sydney has been unprecedented over the past few years. This has resulted in many property owners sitting on large amounts of untapped home equity. When used properly, accessing equity can act as an ‘accelerant’ to wealth building. However, a common question I hear is, “how do I access equity?”
Let’s take a look at the 5 step process of accessing equity.
By Shane | Uncategorized
The First Home Owner Grant has changed numerous times over the past few years. In 2017, the NSW Government announced the First Home Buyers Assistance Scheme that offers stamp duty exemptions for first home buyers who buy a property worth less than a certain limit. Read this blog post to learn more. Also on offer is a grant for first home buyers who are looking to purchase a new home or build their home. Continue reading
By Shane | Uncategorized
In 2017, the NSW Government announced that they would be making changes to the assistance that was available to first home buyers in New South Wales. Previously, there was a grant available to those home buyers that purchased a new property. Now, there are concessions on stamp duty for eligible first home buyers. Read on to learn more. Continue reading