Source expert help from your local mortgage broker prior to making an offer on any property; your Loan Market mortgage broker has access to every major bank and secure lender in Australia, and can assist you to find an appropriate home loan.
The Urban Development Institute of Australia (UDIA) says demand for housing construction will weaken, as interest rates rise and Queensland’s population growth slows.
UDIA Queensland president Warren Harris said detached housing approvals and unit approvals were down on pre-GFC averages by 10 and 20 per cent respectively, but that Brisbane, the Darling Downs and Mackay showed the greatest resilience.
Brisbane North mortgage broker Miles Stuart said borrowers considering a construction loan should seek expert advice to ensure they make the lowest possible repayments during the construction phase.
“However, if you are looking at a house and land package, you ...
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Categories: Finance News. Tags: Brisbane North, Construction Loan, Home Loan, Miles Stuart.
A recent Archicentre survey found that nearly 75 per cent of homeowners are planning to renovate over the next two years.
Renovating is an excellent way to improve your property, either for personal reasons or for resale. Whatever your reasons, effective finance is a key component of a successful renovation project.
The type of finance you need will really depend on the scope of your renovation - replacing your old bathroom with a modern one is vastly different to building an extension, for example - but having some home equity built up will certainly help.
For smaller projects, a home ...
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Categories: Finance News. Tags: Construction Loan, Home Equity, Loan Top Up, Renovate, Renovation.
The Housing Industry Association says new home sales fell by 4.6 per cent in December last year, due to rising interest rates and a reduction in Government subsidies.
HIA chief economist Harley Dale said it remained to be seen whether residential construction will recover past 2010.
"It is clear that momentum is coming out of new home sales as the stimulus from first time buyer related activity recedes,” Mr Dale said.
"Without a broad based recovery in private sector new residential construction, we will face undue upward pressure on existing home values and unrelenting tightness in rental markets.''
Loan Market Executive Director Sam White ...
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Categories: Finance News. Tags: Construction Loan, Loan Market, Residential Building.
A proposed new home building site in Mandurah could present home buyers with the opportunity to purchase a brand new property - either an apartment or townhouse - in the near future.
According to the Mandurah Mail, a proposed development near the Mandurah train station, which will be a mix of residential, retail and commercial buildings, will undergo a second round of community consultation in Match, after which a detailed development proposal will be released to the public.
Mandurah mortgage broker, Stewart Jones, said the proposed new residential development close to public transport presented new home options for Mandurah residents.
"It ...
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Categories: Mortgage Brokers. Tags: Construction Loan, Home Loans, Mandurah, Mortgage Broker, Stewart Jones.
Building your house from scratch could be an effective strategy to get into your new home sooner, according to data released by the Master Builders Association.
The results of research show that the Gold Coast is one of the cheapest places in Queensland to build a new home, depending on your individual circumstances.
Robina mortgage broker, Stephen Orme, said that building from scratch can be an exciting adventure but it’s important to be prepared to wait for it to happen.
“There are home loans designed to assist with this exact situation, whereby loan repayments are interest only for the period ...
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Categories: Finance News, Mortgage Brokers. Tags: Construction Loan, Gold Coast, Mortgage Broker, Mortgage Broker Robina, New Home, Robina, Stephen Orme.
