There has been a notable increase in foreign buyer activity in the new housing market, reaching an all-time high of 13.9% of national demand. The first quarter residential property survey report by NAB shows foreign buyers are particularly active in Queensland, making up 24.4% of new property market demand. In NSW foreign buyers preferred to […]
There are several ways parents can help their kids break into the market Guarantor – While your offspring may have the money to meet regular mortgage repayments, they may not satisfy the lenders credit criteria. By becoming a guarantor for their loan, you effectively allow the equity saved in your property. Consider this option […]
The thought of completing a loan application may seem overwhelming, but it doesn’t have to be a stressful process. As with many things in life, a little preparation goes a long way…… Home loan applications need not be a daunting thought! During the application process there are a few things you can expect to […]
It’s looking positive for the mortgage market in 2014, Mortgage enquiries reached four-year highs in the fourth quarter of 2013 and they are forecast to continue rising in the near term, according to Veda Insight’s. All states saw year-on-year growth in terms of volume of mortgage enquiries. According to Veda’s Quarterly Consumer Credit Demand […]
Whether you have a single property or many, no investor wants an empty rental property to become a drag on their portfolio. Planning, effective management and investing a little effort can help investors find quality long-term tenants. Planning If you have yet to purchase a potential rental property, an important factor is to investigate […]
The Adviser has reported the Reserve Bank of Australia has warned inflation may reach 3.25 per cent by December 2014, breaching the bank’s 2 to 3 per cent target. In February’s quarterly Statement of Monetary Policy, the RBA revised its inflation expectation for the coming year to 2.25 to 3.25 per cent. The Reserve Bank […]
The Adviser has reported the Reserve Bank of Australia has warned inflation may reach 3.25 per cent by December 2014, breaching the bank’s 2 to 3 per cent target. In February’s quarterly Statement of Monetary Policy, the RBA revised its inflation expectation for the coming year to 2.25 to 3.25 per cent. The Reserve Bank […]
Australian Securities and Investment Commission is warning people about a lending scam after hearing from victims who have lost thousands of dollars. ASIC has received reports of borrowers sending more than $33,000 over wire services after being scammed. The borrowers were told before a loan can be advanced they must forward money for insurance, tax […]
12 March hardly sounds like a key date in history. But, for those looking to buy property, 12 March 2014 could be a key date that determines whether or not they get a loan. Whenever someone applies for a mortgage, one of the first things a bank does is run a credit check on them. […]
Reported from Australian Broker Online, a recent decision from the Supreme Court of NSW has ruled in favour of lender Permanent and broking groups Firstfolio and AFIG. The decision held that a deed of settlement was binding on a borrower once the borrowers had signed and unconditionally delivered it, regardless of whether all other parties […]
