By Shane | Uncategorized
It would have been easy for your child to break into the property market if prices were falling or at least stable. Sadly, the cost of home ownership keeps soaring every day, yet, it’s time for them to leave your nest and start their own family. So what can you do? Here are some ways you can help them achieve the Great Australian Dream of owning their first home.Continue reading
It’s common for some homeowners to assume they aren’t able to buy an investment property until after they’ve paid off their family home first. What those people might not realise is that it’s sometimes possible to use the equity you’ve built up in your family home to help you purchase an investment property.
By Shane | Uncategorized
Property investors often choose to set the repayments for their investment loans to ‘interest only’ repayments. An interest only repayment means you pay only the interest due each month, but you aren’t paying down the loan balance.
By comparison, a principal and interest repayment is made up of a portion that covers the interest due and a portion that pays down the loan balance a bit with each payment made.
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By Shane | Uncategorized
For the 25th consecutive month, the Reserve Bank of Australia (RBA) has left the official interest rate unchanged at 1.5% at their November 2018 meeting. If you’re anything like me and like to ‘nerd out’ on the RBA statement around their decision, you can read their statement here.
In the past, it might have been easy to get a loan to buy an investment property or to fund a project. However, today banks hold onto their money much more tightly, leaving many a hopeful wondering how to get an investment property loan. It’s not quite as easy as filling in the relevant paperwork, but the process could be much smoother if you consider these steps before even picking up the phone to your potential lender: