30
Jan 2023
Buying land off the plan
Buying land off the plan with a long settlement date can be a great way to secure a property at today’s prices, but it’s important to weigh the pros and cons before making a decision. Pros: Price advantage: One of the biggest advantages of buying land off the plan is that you can secure a property at today’s prices, even if the land may not...
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23
Jan 2023Interest Only Home Loans
Interest-only home loans have become increasingly popular in Australia in recent years, but is this type of loan right for you? In this blog post, we will explore the pros and cons of interest-only home loans to help you make an informed decision. Pros: Lower Repayments: Interest-only home loans have lower repayments than principal and interest loans. This can make it easier to afford a...
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18
Jan 2023
When it comes to home loans, there are a few different features that borrowers can take advantage of to make repaying their loan easier and more manageable. Two of these features are redraw and offset accounts. While both can be beneficial, they work in different ways and are suited to different types of borrowers. Redraw Feature A redraw feature allows borrowers to access any extra...
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17
Jan 2023Buying an investment property with a friend
Buying a property with friends can be a great way to enter the real estate market, but it’s important to understand the potential risks and benefits before making a decision. Pros: Share financial burden: When buying a property with friends, the cost of the mortgage, taxes, and maintenance is shared among all parties, which can make it more affordable for everyone. Greater buying power: By...
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17
Jan 2023Property investment can be very rewarding and historically has led to financial freedom for many, however one needs to be careful throughout the investment journey. Here are a few key mistakes we see people make when buying an investment property: Not researching the local market, property prices, rental demand and researching about the property itself is one of the biggest mistakes that people make. Not...
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02
Jun 2018Small Lenders vs The Big 4
It is common for the first home owners to start the discussion with getting a cheap interest rate without considering other factors that come into play while getting a loan approved. The general notion is that if you are able to get a good discount from one of the big banks, it is a win win situation- which is not entirely true. There are a...
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