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Investors making a comeback
April 15, 2024Debt Advice & Mortgages
During the past couple of years property investors have been less active as interest rate rises began eating into their profits. However, as 2024 begins, it’s clear more investors are returning to the real estate market. According to the ABS lending indicators report for October, new loan commitments for investors increased by 5% in one...Read More
When getting ready to buy property, there are many things to keep track of as settlement approaches. An important consideration is what you will need in terms of insurance – admittedly not the most exciting part of buying a new home, but one which can save you money and stress in the future. Why lenders...Read More
The Bank of Mum and Dad
February 19, 2024Debt Advice & Mortgages
Entering the real estate market has become increasingly tough in recent years. The median price for a house in Adelaide was $410,000 in 2013 and $740,000 as at Dec 2023.1 Housing affordability has been further eroded by rising interest rates. Becoming a first homeowner in Australia in 2024 is very difficult. More than 60% of first...Read More
Switching home loans
January 29, 2024Debt Advice & Mortgages
Refinancing your home loan to take advantage of a lower interest rate might save you money. Before you switch, make sure the benefits outweigh the costs. Before you decide to switch If you're thinking about switching home loans, you're probably focused on getting a better interest rate. But there are other things to consider before...Read More
The upfront costs of buying a home
January 22, 2024Debt Advice & Mortgages
When saving for your first (or next) home, it’s common to focus on building up the deposit and servicing your upcoming home loan. However, there are other upfront costs when buying a home that you should be aware of from the get-go. With it being particularly challenging these days to get your foot onto the...Read More
The new year is a time when most people sit back and set some goals for the year ahead. But why not think about your goals for next year now? If you are thinking of buying a property, get a jump-start on 2024 and be ready to buy by starting the pre-approval process and doing...Read More
Reverse mortgage and home equity release
November 13, 2023Debt Advice & Mortgages
If you're age 60 or over, own your home and need to access money, releasing equity from your home may be an option. There is risk involved and a long-term financial impact. Get independent financial or legal advice before you go ahead. How home equity release works 'Equity' is the value of your home, less...Read More
Why invest in property? What makes this such a popular option? You can earn rental income plus benefit from capital growth. What’s different for investors vs. homeowners? Stamp duty If you’re an investor you’ll also pay stamp duty, which varies, depending on your state. This is based on your property’s purchase price and is often...Read More
Rising levels of debt and finding ways to manage it is a concern for many of our clients. For some, it’s aiming to improve their credit score when applying for a mortgage or government home ownership scheme. For others, it's being able to cover rising mortgage repayments or unexpected expenses. Fortunately, there are a number...Read More
One of the biggest challenges first home buyers face at present is saving for a decent deposit. While there are definitely some advantages to buying as a couple compared to on your own, pooling your savings for a deposit can put a strain on even the most solid relationship. So here are some tips to...Read More