The pros and cons of paying for LMI
Many borrowers who have heard of lenders mortgage insurance (LMI) regard it as a bad thing. But that’s not necessarily the case. LMI is an insurance policy designed to protect the lender (not the borrower) in the event the borrower defaults on the loan and the lender isn’t able to recoup all its money by […]
- Author: admin
- Date: 17 December 2024
How to buy a property through an SMSF
Many Australians have used funds that are ‘stuck’ in superannuation to purchase investment properties as a way to grow their retirement wealth. In this article we look at the process of purchasing property through a self-managed superannuation fund (SMSF). Limited-recourse borrowing arrangement explained Most home loans have full-recourse borrowing arrangements, which means if the borrower […]
- Author: admin
- Date: 17 December 2024
Four different ways to finance a car purchase
When you are buying a new car, there are a number of factors to consider when selecting the right finance. One key decision is whether to use a secured or an unsecured loan. A secured loan (which involves using the vehicle as collateral) can require more paperwork from the borrower and a longer assessment period. […]
- Author: admin
- Date: 17 December 2024
Your money new year resolution hit list
The great thing about a new year is it gives us a chance to take stock of our lives and identify areas for improvement. That applies particularly to money. If you’re thinking about buying a property in 2025, already have a home loan, or you’re running a business – or all of the above – […]
- Author: admin
- Date: 11 December 2024
Government to launch new Help to Buy scheme
The federal government has finally succeeded in passing its housing support measure, Help to Buy, through parliament. Once it takes effect, Help to Buy will support 40,000 low- and middle-income earners to purchase a property years ahead of schedule, in two ways. First, buyers will be able to purchase their property in tandem with the […]
- Author: admin
- Date: 11 December 2024
How the property market looks as we head into 2025
As we come to the end of another eventful year for property, it’s clear that we’re experiencing a two-speed market, and that prices are slowing in both, according to Ray White Chief Economist Nerida Conisbee. Ms Conisbee said the weakest markets were Sydney, Canberra, Melbourne and Hobart, with their median prices having increased by an […]
- Author: admin
- Date: 10 December 2024
How to protect your home from bushfires, flood and storms
Bushfire and storm season has arrived in much of the country. So what can you do to protect your home? Fires One idea is to remove dry vegetation and flammable items from around the property, to create a buffer zone. Another idea is to add ember guards to your roof, eaves and windows, to prevent […]
- Author: admin
- Date: 5 November 2024
How to buy your first home
The hardest part of buying your first home isn’t necessarily paying the mortgage – although that can be challenging. Rather, it’s often saving a large enough deposit to qualify for a loan. What makes the deposit hurdle tricky is that it’s been getting higher. Between March 2020 (when the pandemic started) and August 2024, the […]
- Author: admin
- Date: 24 September 2024
Australian properties see record profits in 2024
Property owners who sold their homes during the 2023-24 financial year generally made a gross profit, due to a strong market and the fact that most homes rise in value over time. Domain found that 96.0% of people across Australia who sold a house in the 2023-24 financial year did so for more than they’d […]
- Author: admin
- Date: 24 September 2024
The pros and cons of using buyer’s agents
The vast majority of Australians who sell their home use a real estate agent to represent their interests. However, only a fraction of buyers have their own representative. A buyer’s agent, also known as a buyer’s advocate, is a real estate professional who is hired by the buyer and who has a responsibility to represent […]
- Author: admin
- Date: 13 August 2024
