An interesting article was published in the AGE showing some of the changes that are occuring in Australian households and their homes. See it at :
Wealth builds on the home frontThe Age - Melbourne,Victoria,AustraliaThe RBA recently pointed out that around 3 per cent of household income is now spent on interest payments on investor housing loans, compared to 1 per cent ...
On the same link you can also see what the treasurer had to say to the Australia-Israel Chamber of Commerce.
Friday, July 6, 2007
What's happening after the reserve bank left interest rates on hold?
Interesting article from the Real Estate Institue
Housing market keeps boomingAdvertiser Adelaide - Adelaide,South Australia,AustraliaTHE HOUSING market will remain strong following the announcement that interest rates remain unchanged, the Real Estate Institute of South Australia says. ...
Housing market keeps boomingAdvertiser Adelaide - Adelaide,South Australia,AustraliaTHE HOUSING market will remain strong following the announcement that interest rates remain unchanged, the Real Estate Institute of South Australia says. ...
Latest on real estate news
Interesting article summarising current rental and purchase market
Are real estate ads 'house' porn?ABC Regional Online - AustraliaCan the same be said for those glossy real estate mags and newspapers - are they 'housing porn' by exposing your mind only to the fantasy of purchasing? ...
Are real estate ads 'house' porn?ABC Regional Online - AustraliaCan the same be said for those glossy real estate mags and newspapers - are they 'housing porn' by exposing your mind only to the fantasy of purchasing? ...
Thursday, July 5, 2007
Free DIY Video
Just came across a really helpful website with lots of tips and plans. Some things you have to pay for (and no I'm not an affiliate or paid for this tip) but there are lots of free tips and some amazing free tips on video. go to http://www.mitre10.com.au/DIY-Central/ Mitre 10 is an Australian hadware store. has anyone come across other great sites like this?
Wednesday, July 4, 2007
News on some latest trends in Real Estate
If your a home owner or investor then here are two articles that should be of interest to you.
Landlords rely on managersAdvertiser Adelaide - Adelaide,South Australia,AustraliaTIME-POOR real estate investors are using property managers in greater numbers than ever before. Census figures show that last year, 50.5 per cent of all ...
Fewer Aussie homes owned outrightyourMortgage.com.au - AustraliaGraham Joyce, president Real Estate Institute of Australia (REIA), said: "Some effort has been made by some state governments to address affordability ...
Landlords rely on managersAdvertiser Adelaide - Adelaide,South Australia,AustraliaTIME-POOR real estate investors are using property managers in greater numbers than ever before. Census figures show that last year, 50.5 per cent of all ...
Fewer Aussie homes owned outrightyourMortgage.com.au - AustraliaGraham Joyce, president Real Estate Institute of Australia (REIA), said: "Some effort has been made by some state governments to address affordability ...
Home loan news
Hi came across some interesting news articles today. Just click on the link if they interest you or are relevant to your situation.
Drive a bargainSydney Morning Herald - Sydney,New South Wales,Australia... leasing or drawing down on your home loan - there are plenty of products to choose from. A recent Cannex survey of personal loans examined 520 loans......
Warning over predator lenders who target poorSydney Morning Herald - Sydney,New South Wales,AustraliaLAWYERS and accountants are among a mini-industry of predatory lenders who are providing deliberately unaffordable home loans for vulnerable borrowers. ...
Tame your debt nowSydney Morning Herald - Sydney,New South Wales,AustraliaOrrock says personal loans may be more costly than home loans but they have the advantage of instilling discipline in borrowers. ...
Drive a bargainSydney Morning Herald - Sydney,New South Wales,Australia... leasing or drawing down on your home loan - there are plenty of products to choose from. A recent Cannex survey of personal loans examined 520 loans......
Warning over predator lenders who target poorSydney Morning Herald - Sydney,New South Wales,AustraliaLAWYERS and accountants are among a mini-industry of predatory lenders who are providing deliberately unaffordable home loans for vulnerable borrowers. ...
Tame your debt nowSydney Morning Herald - Sydney,New South Wales,AustraliaOrrock says personal loans may be more costly than home loans but they have the advantage of instilling discipline in borrowers. ...
Monday, July 2, 2007
Home Loans in the News
Two news stories today of interest to anyone in Australia that has or is looking at getting a home loame.
Rudd flags low-tax plan for first-home buyersThe Age - Melbourne,Victoria,AustraliaTo make renting more affordable, Labor suggests encouraging more private investment in rental properties and providing capital funding or low-interest loans ...
Mortgage industry calls for end to MCRInvestorDaily.com - Sydney,New South Wales,AustraliaBy Kate Kachor The MFAA has called for mandatory comparison rates (MCR) for home loans to be abolished. The mortgage and finance industry's peak body has ...
Rudd flags low-tax plan for first-home buyersThe Age - Melbourne,Victoria,AustraliaTo make renting more affordable, Labor suggests encouraging more private investment in rental properties and providing capital funding or low-interest loans ...
Mortgage industry calls for end to MCRInvestorDaily.com - Sydney,New South Wales,AustraliaBy Kate Kachor The MFAA has called for mandatory comparison rates (MCR) for home loans to be abolished. The mortgage and finance industry's peak body has ...
Sunday, July 1, 2007
Considering commercial property for investment
Came across this interesting article on considering commercial property as part of an property investment portfolio. Click on the link http://www.news.com.au/adelaidenow/story/0,22606,22000040-5006367,00.html to read about what is happening in South Australia and could also be happening near you.
Thursday, June 21, 2007
‘How much can I borrow?’ and ‘How much can I afford?’ are both related and necessary considerations before you begin to look at properties. There is nothing more frustrating and stressful than finding the perfect property, making an offer that is accepted by the vendor and then finding that you just cannot get the necessary finance. And if your lender is slow and the cooling off period has expired, you could in fact be risking thousands of dollars by not having a formal pre-approval.
Knowing in advance how much you can borrow not only greatly reduces this stress but also increases your negotiation power. There is no more powerful statement than being able to genuinely say ‘love the house but I can only afford….’
Knowing in advance how much you can borrow not only greatly reduces this stress but also increases your negotiation power. There is no more powerful statement than being able to genuinely say ‘love the house but I can only afford….’
Tuesday, June 12, 2007
WOW....just finished a post and I had an amazing email come.
One of the best marketing/wealth creation gurus is Jay Abraham....and a friend just sent me a link for a free seminar and some amazing materials from jay...check out what the sent and the link.
Hope you like it.
I just thought you may want to know aboutthis cool tool I found.
I like it and I thought of you when I got it.http://www.jayabrahamsecrets.com.au/?thankyou-page=430
It is cool and I knew you would want to see it too.
One of the best marketing/wealth creation gurus is Jay Abraham....and a friend just sent me a link for a free seminar and some amazing materials from jay...check out what the sent and the link.
Hope you like it.
I just thought you may want to know aboutthis cool tool I found.
I like it and I thought of you when I got it.http://www.jayabrahamsecrets.com.au/?thankyou-page=430
It is cool and I knew you would want to see it too.
Hi
I was recently asked about having real estate to build wealth.....In Australia real estate investment is one strategy that is often used to create wealth. Mum's and dad's and even young people tend to like real estate because it is something that they are comfortable and familiar with.
Having gone through the process once or twice they feel comfortable with going again.
As with any investment there are risks and there are also serious potential gains. Over the next few weeks I will look at some of the issues that can help avoid some of the common traps in investing in real estate.
But should it be the only thing in my portfolio? Not really, would be the general concensus. Obviously everyone's circumstances are different so it is impossible to "GIVE ADVICE" in this forum but it is possible to talk in a general way and raise things that should be considered and that is what I will try to do.
I would also welcome your input and general questions.
One more thing for this post. Building wealth really requires a lot of serious thinking, planning and a number of strategies......this is where financial planners come in and although I am not one I do know some good ones or you can check them out through google searches and financial planning associations.
I was recently asked about having real estate to build wealth.....In Australia real estate investment is one strategy that is often used to create wealth. Mum's and dad's and even young people tend to like real estate because it is something that they are comfortable and familiar with.
Having gone through the process once or twice they feel comfortable with going again.
As with any investment there are risks and there are also serious potential gains. Over the next few weeks I will look at some of the issues that can help avoid some of the common traps in investing in real estate.
But should it be the only thing in my portfolio? Not really, would be the general concensus. Obviously everyone's circumstances are different so it is impossible to "GIVE ADVICE" in this forum but it is possible to talk in a general way and raise things that should be considered and that is what I will try to do.
I would also welcome your input and general questions.
One more thing for this post. Building wealth really requires a lot of serious thinking, planning and a number of strategies......this is where financial planners come in and although I am not one I do know some good ones or you can check them out through google searches and financial planning associations.
Friday, June 8, 2007
Great ezine link
Hi I was just tooling around checking out possible ezines to link with when I came across this great site from Mitre 10 at http://www.mitre10.com.au/DIY-Central/DOit-eZine/ Fantastic ideas for gardening and building projects around the home. They also have great tips for decorating and renovating along with easy to follow instructions and plans. A 5 star site. well worth checking out!
Sunday, June 3, 2007
What propertys can you show me?
I hope that you are finding my blog useful.....as promised in my first post I will now look at one of the most common questions that people ask and show you how to avoid, arguments, frustration and find your dream home.
‘What properties can you show me?’ should really be ‘What do I/we really want in our new home?’ Firstly make a list of what you are looking for in your home.
Do you want a unit, town house, villa, free standing home, vacant land, rural residential? Where do you want to live and where do you NOT want to live? How many bedrooms and bathrooms, single or double garage, extra access for a boat, family room for the kids, space for a pet, pool or no pool, distances to schools, shops and public transport, style of home and building materials used, etc. List everything that is important to you and your family.
Next consider what are the essential or must have items and what are the, would be nice but not essential items.
Working out your list in advance will save you heaps of time and greatly reduce the stress and frustration of looking at properties that you like and your family or partner don’t like and/or are just not quite right. Conversely, armed with your list, you will know almost instantly, when you spot that perfect property!
You will be amazed at the number of arguments that will be avoided and how much anxiety can be reduced by this simple preparation. Also, when comparing properties it will always be against your list and this simple action will also help you to identify both over priced properties and bargain buys, potentially saving you thousands!
‘What properties can you show me?’ should really be ‘What do I/we really want in our new home?’ Firstly make a list of what you are looking for in your home.
Do you want a unit, town house, villa, free standing home, vacant land, rural residential? Where do you want to live and where do you NOT want to live? How many bedrooms and bathrooms, single or double garage, extra access for a boat, family room for the kids, space for a pet, pool or no pool, distances to schools, shops and public transport, style of home and building materials used, etc. List everything that is important to you and your family.
Next consider what are the essential or must have items and what are the, would be nice but not essential items.
Working out your list in advance will save you heaps of time and greatly reduce the stress and frustration of looking at properties that you like and your family or partner don’t like and/or are just not quite right. Conversely, armed with your list, you will know almost instantly, when you spot that perfect property!
You will be amazed at the number of arguments that will be avoided and how much anxiety can be reduced by this simple preparation. Also, when comparing properties it will always be against your list and this simple action will also help you to identify both over priced properties and bargain buys, potentially saving you thousands!
Thursday, May 31, 2007
First Posting Where am I coming from?
Hi. This is my first blog so please bare with me as I work out what I am doing.
I work for a non bank lender and am always asked about real estate. You see no one actually wants to buy a home loan.....what they really want is the home and the loan is only the means to get the home. The first thing that I am usually told is that I'M THINKING OF BUYING A HOME! Then comes how much can I borrow?
Now this is where I'm different to lots of other lenders.....you see I agree that the home is the most important question, this what we should be spending most of our time talking about and the mechanics of getting the right loan with as little stress as possible is my job. BUT to get you the right loan solution, I should really be asking questions about the home and what your short and long term goals are.
It should be my job to make the process as easy and stress free as is possible. My goal is to find you the right loan solution based on your personal needs and wants and where you want to be in the future.
Now in lots of conversations I've found that there are lots of common questions that people of all ages have about getting the right loan. In response I have been writing newsletters based on these common questions.
Recently some of my clients have been encouraging me to write a plain english guide book. So I have decided that I might write some of my ideas here and also ask for questions that you would like to have answered. I suppose I am asking if you could be my test audience and contributors to see if my clients and I are on the right track.
My first article will be about two common questions....how much can I borrow and what properties can you show me. Did you know that asking these questions in the right way and being prepared can save you thousands of dollars?
Check back in on Monday to see how!
I work for a non bank lender and am always asked about real estate. You see no one actually wants to buy a home loan.....what they really want is the home and the loan is only the means to get the home. The first thing that I am usually told is that I'M THINKING OF BUYING A HOME! Then comes how much can I borrow?
Now this is where I'm different to lots of other lenders.....you see I agree that the home is the most important question, this what we should be spending most of our time talking about and the mechanics of getting the right loan with as little stress as possible is my job. BUT to get you the right loan solution, I should really be asking questions about the home and what your short and long term goals are.
It should be my job to make the process as easy and stress free as is possible. My goal is to find you the right loan solution based on your personal needs and wants and where you want to be in the future.
Now in lots of conversations I've found that there are lots of common questions that people of all ages have about getting the right loan. In response I have been writing newsletters based on these common questions.
Recently some of my clients have been encouraging me to write a plain english guide book. So I have decided that I might write some of my ideas here and also ask for questions that you would like to have answered. I suppose I am asking if you could be my test audience and contributors to see if my clients and I are on the right track.
My first article will be about two common questions....how much can I borrow and what properties can you show me. Did you know that asking these questions in the right way and being prepared can save you thousands of dollars?
Check back in on Monday to see how!
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