What Housing Options are Available in Australia? Each year, thousands of Australians buy a home or house to live in or to rent out, and lenders/credit providers are quite happy to lend the money depending on their housing options. So, if you are like the thousands of Australians and you are excited about looking to buy a home or house, then you may also be aware that this can be nerve-wracking, as it will take: Lots of Planning Lots of [...]
What is Fast Refinance? Fast Refinance is a unique refinance process whereby your new lender/credit provider uses a product called Title Insurance to: Facilitate the refinancing of your loan in days, not weeks (faster same-day settlement) Enable an "Unattended" refinance settlement (no settlement meeting or booking takes place) Reduce settlement costs (all correspondence and funds sent electronically) Streamline the mortgage loan process (requires minimal additional documentation) What is Title Insurance? Title Insurance provides protection to lenders/credit providers against known and [...]
Capital Gains Tax on Property in Australia Capital Gains Tax on property (CGT) was introduced in Australia on 20th September 1985. The tax applies only to assets acquired on or after that date. Gains (or losses) on earlier assets called pre-CGT assets are ignored. CGT was introduced to reduce the inconsistency between the taxing of wealth and the taxing of income. The CGT system works by including the assessable gain on the disposal of a CGT asset in the assessable [...]
Understanding Alt Doc Home Loans Alt doc home loans (also known as low doc loans) are a very flexible lending solution for self-employed people who do not work regular jobs. This loan type has taken off in recent years to assist people who have been rejected by mainstream lenders/credit providers. Alt doc home loans have allowed thousands of Australians to access a home loan. This loan is specifically suitable for people who have assets as well as income, but cannot [...]
Off The Plan Purchasing of Property in Australia Where once off the plan apartments were only considered by investors, the massive boom has now opened the door for first-time home buyers as well. Off the Plan Property Purchase - Meaning You are purchasing "off-the-plan" when you are buying strata units and retirement village homes before the construction of the buildings are completed. The design of the building and sketches of its final appearance maybe included in advertising material and the [...]
What are Land Titles? Each state and territory Land Titles Registers provide search facilities. Each state and territory has a central register of all the land in the respective state and territory which, shows the owner of the land. A Land Titles can be best defined as being: the right of ownership of property, or the documents constituting evidence of that ownership What are the Most Common Land Titles? Here is a list of the most common title ownerships you [...]
Investment Property Financing When it comes to arranging suitable investment property financing, you should explore many different strategies and options. You cannot just jump on the bandwagon of investment property finance. You need to understand the market so that you emerge as a successful investor. It is an attractive opportunity to venture into the investment market and create wealth. But to be successful, you need to leave your emotions out of the decision-making process. You should concentrate on the following [...]
Medico Home Loans are home loans for Doctors and Other Medical Professionals Home Loans for Doctors. Do you want to buy a home? Do not worry about high interest rates and costly home loan packages. There are several lenders/credit providers who are willing to offer special deals and savings to you in the form of Medico Home Loans, because, you are considered to: Have a lower than average delinquency rate with a high credit score Be at a low risk [...]
How to obtain a 95% LVR Mortgage Loan The Australian finance industry is experiencing re-emergence of 95% LVR mortgage loan with tighter lending conditions. A 95% LVR mortgage loan mean that you can borrow up to 95 % of the market value of the security property. Lenders/Credit Providers carefully judge you for the 95% LVR Loan If you are considering applying for a Prime Home Loan with a 95% LVR, it is extremely important that you put forward an impeccable [...]
Afterpay is a new payment method that allows you to pay for your online orders after they have been shipped. Instead of paying upfront, you prepay for the order and pay a monthly installment afterwards. The retailer then ships the product to you after it has been produced. This way, you only have to pay for the item when it’s actually delivered. According to Afterpay's website, "the service uses a flat monthly fee, on top of your regular credit card [...]