6 tips in buying a first home off the plan Many buyers get swept up on a wave of rising property prices when they hand over their deposit in exchange for a floor plan. Historically, the property is a consistent long-term performer, but property prices can plateau and even wine at the mercy of economic factors. Buyers also need to be wary of over-supply, which may devalue their property. Make sure you consider the bigger picture if buying off the [...]

Factors That Lenders Consider in Approving You for a Home Loan Home loans are a secured loan that are required to be assessed by lenders. Which means they have to meet policy requirements of the lenders and be taken against collateral instead of unsecured loans that do not require any collateral at all. They are popular financing option because it allows the individual to borrow a significant amount and prolonged repayment tenure which is not the case with unsecured loans. [...]

Mortgage Broker Services in Australia Securing a home loan, especially for a first-time buyer, is no easy task without a Mortgage Broker. There are several alternatives available, and there is much to learn. Fortunately, mortgage brokers in Australia are the perfect individuals to assist you in achieving your property objectives. But attending your first appointment with a mortgage broker Australia might be nerve-racking if you're searching for a house loan and aren't sure what to expect. Since your initial appointment [...]

Property Investment Guide Investing in property market has always been a popular option because of its lucrative returns. If you are new to property investment and are not aware of exactly what is required, be prepared for some hard work. It is because any of the following situations can conspire to make things a lot harder for you: Interest rate changes (i.e. you should consider factoring in a rate rise of at least 2 per cent into your repayments); Fluctuations [...]

What is a Property Valuation? Property valuations are often conducted by a qualified and certified valuer on the request of a lender/credit provider who is looking to fund the purchase of a property. The valuation can also be requested by you (if required). Why do Lenders require Property Valuations? It is an essential part of the home loan application process and is usually performed by when lenders are in the process of financing a property. The lender/credit provider will usually [...]

Investment Property Checklist In recent times, I have found that when people are researching new suburbs and locations for possible areas of investment property. The majority of these people are unaware of the right questions to ask when they are trying to make an informed decision. So, I have prepared this property investment checklist to assist you and other investors in asking the right questions. It will help you in making a profitable investment. I have also provided some useful [...]

Vacant Land Loans When applying for vacant land loans you will be able to get a standard or normal loan however the lenders will have stricter lending criteria due to higher risk. Some people prefer to buy a vacant block of land released for sale in new housing estates or sub-divisions and then have a home built on the vacant land according to their plans and requirements. How do Lenders/Credit Providers treat Vacant Land Loans? Most lenders/credit providers treat it [...]

First Home Buyers Guide First Home Buyers who are buying or building their first home should read this article as a guide before embarking on this journey. The following tips will help you in fulfilling them. Currently, Australia is experiencing a great construction boom with Queensland and Western Australia becoming biggest contributors to the boom. The current property market, together with the First Home Owners Grant (FHOG) scheme benefits and stamp duty concessions the government provides will help you buy [...]

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 [...]

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 [...]