Sometimes the right property to buy doesn’t come up at the same time as the expiry on your current lease. Or perhaps you’re building and your build is coming to an end prior to your rental lease expiring? What to do: Talk to your property manager and give them as much notice as possible. Explain the situation to them and give them all the dates and information you […]

The very first step if you’re keen to look at borrowing to purchase property in your SMSF is a good long conversation with your accountant and or financial planner. It’s not something that’s for everyone and here’s a quick checklist to see if it might be right for you: Do you have at least $200,000 in super to establish an SMSF (ASIC recommends that no less than that […]

We get asked this very question all the time so I’ve written a few handy hints: Firstly – don’t stress yourself too much on it, we can still go to the bank with the property as your own home, ultimately it’s tenanted now but if your aim is to have those tenants move out at the end of their lease or sooner, then this is still an owner […]

When a bank assesses your ability to repay a mortgage the assessment rate it’s higher than the actual interest rate. So for example, if your home loan interest rate is 4.00% the bank may be looking to see if you can repay 7.25% or even 8%!  Now what that means for the bank, is that they are being conservative and also allowing for interest rates to rise (which […]

When you’re buying property from a family member, there are times when you might be getting it for a lower than market price. Ahh”¦ family! This can be really helpful for you if you deal with a broker who gives you the rundown on what a “favourable purchase” means and which banks will consider this. Let’s take my clients from a few years ago – let’s call them […]

Well – what is the property worth! That’s the big questions isn’t it.  Here’s the ways you can go about this: 1. If you can agree on a price and you sign a contract, then the bank will (typically) pay for a valuation as part of the approval process.  (Please note that we can’t provide a copy of this valuation for you – we’re not allowed to give […]

This is an all too common question we get asked, and of course, as you know when you ask it – we can’t answer it for you. But we can give you some guidance. I always say that when you’re making an offer on a property it should feel exciting, perhaps daunting, there should be butterflies in your stomach – BUT – it shouldn’t make you feel sick […]

While we’re extremely fortunate and proud to have some incredible clients who absolutely love to answer this question on our behalf, we also love to let people know what we do and why we want to help you. Firstly, we don’t charge for our services.  Our fees are paid by the lender but only once we have found you a fantastic option for your situation.  Over 50% of […]

Oh no – settlement is meant to be the 10th and for”¦ whatever reason”¦ it’s not going to happen on time!!

When you take out a mortgage you have an option to get either a fixed or a variable home loan – OR one of each which is called a split loan – ie: some variable and some fixed.