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In the 12 months to March 2010, unit purchases really took off in Mermaid Beach, said Loan Market Mermaid Beach mortgage broker, Ross Corby.
"The number of units sold in the area was well over double that of freestanding houses," said Ross, referring to both his own experiences finding home loans and a personalised report.
"It's a good indication of how affordable units are in the Mermaid Beach area, in a relative sense."
Ross works with property purchases to assist them with their home loan or investment loan requirements, and said that if you are considering buying a unit in Mermaid Beach, or anywhere on the ...
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Categories: Mortgage Brokers. Tags: Home Loans, Loan Market, Mermaid Beach, Mortgage Broker, Ross Corby, Units.
Sydney property prices have risen more in the past year than at any time since 2002, according to the latest Residex Market Report.
Loan Market Bondi Junction mortgage broker, Eric Chan, said that for existing property owners, this means good gains in equity, which can lead to other positives.
"Such a growth in equity for existing home owners means the opportunity to invest in property may arise," said Eric.
And with the same Residex report suggesting NSW is experiencing a shortage of property, and the NSW Governement introducing new concessions for people purchasing newly built properties, investing in new apartments may ...
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Categories: Finance News. Tags: Bondi Junction, Equity, Eric Chan, Investment Loan, Investment Property, Loan Market, Mortgage Broker.
The media property price in Greensborough for the March 2010 quarter was close to the state average, at $516,000 vs $524,ooo, according to recent results from the Real Estate Institute of Victoria (REIV).
Loan Market Greensborough mortgage broker, Peter Armstrong, said the property prices are an indication of the strength of the suburb, but that increases should not scare potential buyers awy.
"Home buyers, particularly first home buyers, are often looking for a bargain property, and feel that a suburb with prices close to the state average might not offer that," said Peter.
"But the truth is, it's not about the ...
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Categories: Mortgage Brokers. Tags: Greensborough, Loan Market, media property price, Mortgage Broker, Peter Armstrong, Refinancing, REIV.
Recent Real Estate Institute of South Australia (REISA) figures show that Adelaide has a very low rental vacancy rate of just over 1%, a situation that could potentially provide property investors with an excellent opportunity to start or expand their property portfolio.
Loan Market Torrensville mortgage broker, Rose Fitch, is just the person to help you finance an investment property.
"There are several ways that property investors can secure loans through the various lenders, depending on their requirements," said Rose.
"And it's important when you are considering investment property that you get your investment loans right."
According to Rose, a good property investment ...
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Categories: Mortgage Brokers. Tags: Adelaide, Investment Loan, Loan Market, Mortgage Broker, Property Investor, Rose Fitch, Torrensville.
Loan Market Toowong mortgage broker, Euan Brown, is passionate about property investment finance structures that really work for the investor.
"It's no secret that good property investment is an excellent way to create wealth for the future," said Euan.
"But a good property investment loan structure can help boost that wealth more than you may realise; or on the flipside, the wrong investment loan may cost you."
Euan works with accountants and financial planners to ensure that your investment loan really suits your goals and strategies.
His background in banking and financial planning is a bonus also when it comes to assisting property investors.
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Categories: Mortgage Brokers. Tags: Euan Brown, Investment Finance, Investment Loan, Loan Market, Mortgage Broker, Property Investment, Toowong.
Loan Market Darwin mortgage broker, Rachel Pratt, has more than 20 years experience in the finance industry.
"That experience, which comprises a signficant period of time in a major bank as well as time as a mortgage broker, has given me a comprehensive pool of knowledge that I use on a daily basis to ensure I provide a quality home loan service to Territorians," said Rachel.
According to Rachel, the beauty of being a mortgage broker is that, "I can pick and choose from hundreds of home loan options to find the one that is right for each client's situation".
Rachel particularly enjoys working with ...
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Categories: Mortgage Brokers. Tags: Darwin, Home Loans, Loan Market, Mortgage Broker, Rachel Pratt.
Lenders often fail to consider the long term plans of their home finance customers, according to leading mortgage broker Loan Market.
Loan Market Newmarket mortgage broker Nathan Reck said many lenders did not take enough time to examine what long term loan structure borrowers would require as their situation changed.
“Most people in lending roles don’t take enough time to find out what people’s long term plans are,” Mr Reck said.
“The result is that some home loans are set up in a way that will be inappropriate for the mortgage holder’s changing needs.”
Mr Reck said lenders should try ...
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Categories: Finance News. Tags: Loan Market, Nathan Reck, Property Investors.
New laws coming into force at the end of the month will make it compulsory for all mortgage brokers to operate under an Australian Credit Licence (ACL).
Under national credit reforms, anyone engaged in credit advice on home loans will need to register with the Australian Securities and Investment Commission (ASIC) prior to June 30, 2010, or be appointed as a representative.
Registered credit participants will then have six months between July 1 and December 31, 2010, to apply for an ACL.
Loan Market Chief Operating Officer Dean Rushton said the ACL requirement would only enhance the mortgage broking ...
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Categories: Finance News. Tags: ASIC, Home Loan, Loan Market, Mortgage Brokers.
Property investment can be a good tool for wealth creation, according to Loan Market Maylands mortgage broker, Carol Martin, as long as your property investment loans are structured in the right way.
But before you consider how to structure your property investment loans, you need to have the finances required to invest in the first place.
"That's where equity in your existing home can help," says Carol.
"By accessing the equity in your home, you can start investing in property much earlier than might otherwise have been the case, giving you longer to create wealth and set up your financial future."
Equity ...
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Categories: Mortgage Brokers. Tags: access equity, Carol Martin, Home Equity, Loan Market, Maylands, Mortgage Broker, Property Investment, Property Investment Loans.
Accessing the equity available in your home can be useful in a number of situations, including to finance renovations or to purchase an investment property.
How much you can borrow will depend on how much equity you have built up in your home, but is usually limited to a maximum of 80 per cent.
You usually access the equity in your home via a new home equity loan, or if you have an existing mortgage you may be able to access it via a loan top up facility.
Equity home loans generally operate as a line of credit facility, ...
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Categories: Finance News. Tags: access equity, Equity, Home Equity, home equity loan, how much you can borrow, Line of Credit.
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