Click here for the Report.

This is pretty unique. You are basically getting 2 x 4 bedroom houses for slightly more than the price of one. 
 

• New Duplex on Huge 1,806m2 block
• 4 + 4 beds
• 2 + 2 Bathrooms
• 1 + 1 garage
• Offering $170,000 plus uplift on completion
• Over 6% yield
• Initial holding deposit required - $1,000

Click here to get all the details

How to progress on this property
Click here to Book a call with me to discuss further

Greg Carroll
MTA Finance

Brisbane’s median house price will surpass the $1 million mark for the first time within the next three months and Perth will become a million-dollar city by June next year as their hot housing markets hit new peaks, Domain says.
 

Melbourne is also on track to hit a new high by the end of December if values continue to gain momentum.

Nicola Powell, Domain’s chief of research and economics said Brisbane and Perth will achieve their million-dollar milestones earlier than expected after their median house prices surged by 4 per cent and 6.6 per cent in just three months, respectively.
 

“Brisbane has similar housing dynamics as Perth, but it also has the large infrastructure spending ahead of the Olympics to support the housing market.”
 

In April, Domain predicted Brisbane could hit the million-dollar mark by the end of the year, but since then, prices have re-accelerated.

Over the past three months, Brisbane’s median house price has lifted almost $38,000 to a new high of $976,464. At this rate, the city only needs another $24,000 or 2.4 per cent increase to crack the $1 million mark.

If you are looking for ways to maximise your purchasing power so you you get into the market now then Book in with me for a Free Maximiser session to find out how you can boost your purchasing power and buy your dream home or investment property in the next 30 days. Click here to go straight to my calendar to make a time.

I look forward to being of help.

Greg Carroll
MTA Finance

This is why looking at things from more than one angle can make a difference.

I’ve just been reviewing the finance of one of my clients and have been able to bump up her purchasing power by 15% with one simple change.

The challenge is her income has been increased for some time with higher duties. She has been advised this will but ongoing, but it still waiting on her employer to issue the paperwork. Sound familiar?

Pretty much most lenders want to see pay slips which will reflect the higher duties. But without a formal letter confirming they will be ongoing they will only use the regular base income.

If we were in a flat or declining property market, No Problem. You would just wait until you had the letter then proceed. But in a market where prices are shifting up by 1-2% a month every day you delay is costing you.

The solution was to go with a lender who was happy to accept bank statements showing her pay being credited. As long as the credits are consistent the lender will use the net income shown for servicing.

She was also able to borrow above 80% without paying mortgage insurance. But that's another story.    

This is just another example of why just talking to one or two lenders can really limit your options. Which is why I work with over 40 different lenders. 

Are you looking ways to maximise your purchasing power? Then Book in with me for a Free Maximiser session to find out how you can boost your purchasing power and buy your dream home or investment property in the next 30 days. Click here to go straight to my calendar to make a time.

Brisbane has grown 1.2% in the last month and 15.8% over the year.

Given there remains an existing undersupply of housing, not enough new homes being built nationally to bridge the gap (only 183,000 last year compared to the 240,000 a year required) and an increasing population – particularly in Qld which seems to be the place everyone wants to live then that rise is unlikely to stop any time soon. Even if the RBA increases rates.

Even if the market only grows 10% over the next 12 months that would mean a property selling today for $700,000 will cost $770,000 this time next year.

Unless you can save at a faster rate than the market is growing then you will be going backwards each month.

This is the reality of a rising market.

If you are looking for ways to maximise your purchasing power so you you get into the market now then Book in with me for a Free Maximiser session to find out how you can boost your purchasing power and buy your dream home or investment property in the next 30 days. Click here to go straight to my calendar to make a time.
 

Greg Carroll
More Than Accountants

One of lenders has updated their policy with some changes that benefit those on casual or commission income.

Casually employed workers can use 100% of their casual income with no further shading.  A minimum of 6 months of employment in the current role is needed, and we’ll annualise your income based on 52 weeks instead of 48.

Only 6 months of history are needed to accept commission income, and we will annualise out the YTD income and shade to 80%.

Looking for ways to improve your borrowing cacpacity? Book in a telephone appointment with me and I will show you how. Click here to go my calendar to make a time.

The monthly house price results from CoreLogic show national house prices rose another 0.7% in June, taking the annual growth to 8%.

Perth (+2%), Adelaide (+1.7%) and Brisbane (+1.2%) had the strongest growth over the month, with Perth now up more than 23% over the year.

Melbourne (-0.2%) was the only capital city to see house price soften.