Buying A Property With Friends
If you’re looking for a creative way to overcome being locked out of the property market by rising prices, buying a house with a group of friends may be a solution to consider. It can also be a minefield though, so here’s how to avoid a blast.
While the excitement of banding together in such a …Read More
What to Consider Before Renovating?
The decision to renovate is a common sticking point for homeowners, who can spend hours weighing up the cost benefits. Whether your motivation is to add value to your property or to add a touch of your personality to the home, renovations are expensive and debt often follows. It is important to find the right …Read More
The Added Costs of Purchasing Property
Buying property isn’t just the purchasing price, a number of hidden costs are associated. So don’t forget to account for these extra costs in your considerations. In addition to the cost of moving, a change in council rates, strata fees, the cost of any renovations and furniture, homebuyers face additional fees to complete the purchase …Read More
Top Tips for Open Inspections
Never judge a book by its cover. This is certainly true for books, and also for houses too. After all, who would buy one having never seen more than the front door? We’re in the midst of the season for selling houses, and open inspections are the perfect opportunity to get a good look at …Read More
How do Comparison Rates really work?
Comparing apples with oranges doesn’t make sense. To make finding the right loan easier, and to make advertised rates as transparent as possible, we have comparison rates.
You’re looking for the best mortgage deal and you see something advertised at ‘3.8%’. Underneath that seemingly too-good-to-be-true rate it reads ‘4.9% comparison rate’. What does this mean?
In 2003, …Read More
Guaranteeing Your Child’s Loan
Rising house prices are making it increasingly difficult for the next generation to enter the market. An increasingly common way for parents to assist their children to enter the market is via a guarantor loan. Although there are significant benefits of this loan structure, it is important to understand how this can impact the parents’ …Read More
What is Pre-Approval?
For those getting ready to stride into the world of home ownership, the uncertainties of pre-approval can cast a shadow of doubt over an otherwise exciting time. When is it necessary? How long does it last? And what does it involve, exactly?
Pre-approval is a lender’s assessment of your likelihood of being approved for an suitable …Read More
Chicken or the Egg? Property or the Finance?
It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan.
Looking for a property to purchase is an exciting time. Choices regarding location, size, number of …Read More
Spring Clean Your Budget
Buying your dream home is one of the biggest and most exciting purchases you are ever likely to make. As house prices continue to grow, saving the necessary deposit is becoming harder and harder. You’d be surprised what a little Spring Clean can do to your savings over time.
Budgeting sucks, but neglecting to understand your outgoings …Read More
Is Co-Ownership Right For You?
Buying through co-ownership is quickly becoming a popular strategy for those hoping to enter the property market but without the capacity to do it alone. Through pooling resources with a friend or family member you can increase your buying power and enter the market sooner.
There are a number of other benefits to entering the market …Read More
