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Wednesday, July 03 2024
Tuesday, July 02 2024
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. Monday, July 01 2024
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. ![]() Sunday, June 30 2024
Regional house prices are expected to hit record highs in almost all parts of Australia in the next 12 months, according to analysis by Domain. Sunday, June 30 2024
Growing demand for apartments means unit values are tipped to hit record highs in more suburbs in the coming months. Thursday, February 22 2024
It is possible to borrow up to 95% for investment purchases. Typically the maximum most lenders will go to for investment is 90% but some will lend up to 95%. Meaning a substantially lower deposit. This means you can push your purchasing range further or keep more capital up your sleave for your next investment purchase. This is available for both purchases and construction. Wednesday, January 17 2024
Dual income property in Brisbane South - 6.55% Yield Wednesday, January 17 2024
What is the loyalty tax?
Significant potential savings for borrowers How do I avoid paying the loyalty tax?
Why aren’t more people refinancing? Thursday, January 11 2024
A major frustration for property investors is having to reset their interest only investment loan every 5 years. If you have an investment loan you would be aware that most lenders only allow an interest only period of 5 years. After that it automatically converts to principal and interest repayments. Which can see your repayments jump by 20-30%. The only way to get your loan back on interest only is to go through the whole application process again with your current lender or try to refinance. Given the series of rate rises we have experienced this has become very difficult for many investors. The beauty of this loan is the IO period is 40 years. No reviews. No need to make additional payments. At expiry you can either pay the loan out from super or other funds or sale of the property. This means you have extra cash for other things like paying down your home loan, putting extra money into super, or even funds for another investment. Friday, April 24 2020
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