Christmas, a time to be merry, a time to catch up with loved ones, a time to experience financial stress Christmas time is about spending time with family, relaxing after a busy year and celebrating life. However, it has become more about buying expensive gifts, the fanciest holidays or the finest foods. Quite frankly Christmas has [...]
Is Now A Good Time To Buy Property? The simple answer is, it’s always a good time to buy property! But there are two provisos:- a/ if you can comfortably service your debt, and b/ if you are prepared to hold onto the property for the long term, that is ten years or more. The property [...]
Mortgage Broker Versus Bank Mortgage Broker versus Bank When seeking a home loan, borrowers have traditionally headed to the bank. In the good old days, you would pop in on the big building on the corner that had been your bank since you were a little nipper and chat with the bank manager who [...]
The unexpected costs of selling your home Byline author: Kate Browne Publication: Vanquish Finance Group You’ve put your house on the market for a reasonable price and you’ve got your eye on another property. You shouldn’t have to fork out too much from here, right? All you’ll need to buy are a few dozen cardboard boxes [...]
It's not easy being a first home buyer in today's world? Buying your first home can be one of the most stressful experiences of your life. I can recall how stressful it was for me when I purchased my first home. It was almost 30 years ago now, and property prices were a hell of [...]
Bank fees, the silent killer Bank fees, the silent killer. Australia's banks have become incredibly profitable and powerful in recent years, generating billion-dollar profits year after year. This has seen them become some of the most profitable and powerful financial institutions in the world. Banks, by and large, make money by securing deposits, on which [...]
Capital city value edge lower The value of dwellings across Australia capital has touched their lowest point since late 2012 according to CoreLogic’s latest Home Value Index, sliding 0.01% in April. The recent low follows a steady decline over the past several months, a comedown from historic heights. In contrast, the regional property index is pushing [...]
APRA announces, it will remove the 10% investor cap restriction This week, APRA announced that it would be removing its 10 per cent benchmark on investor loan growth for banks as long as they can “provide assurance on the strength of their lending standards”. For those of you unaware of the 10 per cent benchmark means. [...]
What Aussies are talking about when it comes to property The question on everyone’s lips, is Australia heading for a property crash? What is really going on in the property market with so much talk about property crashes, oversupply of property, especially apartments, affordability and rising household debt. Conditions need to turn pretty bad for [...]
Perils of buying a house with rose-coloured glasses ME Bank has conducted research that shows over half of Australian home buyers spend the same amount of time inspecting a property as they do watching an episode via Netflix. The survey of 1,000 property owners revealed that once they found their property, 58% spent less than 60 [...]