Using Super to buy Commercial Property can boost your retirement wealth

  Almost every Australian who has worked in some capacity has Superannuation and many have chosen to have their own fund – a Self-Managed Super Fund (SMSF). In fact, as at March 2016 there were 566,000 SMSF’s in Australia controlling assets totaling $600 Billion – an average balance of over $1 Million in each fund. … Read more

Do I renovate or knockdown and rebuild, or somewhere in between?

As the owners of a 1932 Californian Bungalow this question has messed with our minds over the past few years. When we bought we assumed that we would knock down the back, do it up, make it all awesome and we would do that for a couple of hundred grand. We were wrong and we … Read more

Mortgage offset accounts: Making your loan work for you

  Savvy borrowers have an endgame in sight before they even apply for a home loan, and with the right mortgage offset account, they could win that game even more quickly. Home buyers usually focus on the here and now, not the distant future. Rather than the size of their loan balance in 10 or … Read more

Why has my Investment Loan interest rate increased?

I’ve had many discussions with clients over the past few months about the increases to investment loan or interest only loan rates, in many cases where the increases have been substantial. In short this has occurred because APRA, the banking regulator has placed limits on the amount of investor lender and interest only lending that the Banks … Read more

Home Loans 101: Understanding loan options

Loan options can be confusing to those new to mortgages, or sometimes even those that have had home loans for years. Here’s a 101 to get you up to speed on loan types: 1) Basic home loans Basic home loans or ‘no frills’ loans offer borrowers a loan with a low interest rate. This interest and … Read more

Understanding first home owner grants and concessions

  Clients of mine recently purchased an apartment off the plan for $550,000 in Melbourne. As (1) they had never owned property in Australia (2) the property they were purchasing had never previously been lived in and (3) the property was valued at under $750,000, they were entitled to a $10,000 First Home Owners Grant from … Read more

Understanding Lenders Mortgage Insurance (LMI)

Clients of mine who are first home buyers have saved a $50,000 deposit and are looking to buy a property for around $550,00. Given that their deposit is around 9% of their purchase price, they are required to pay Lenders Mortgage Insurance (LMI). Based on their deposit amount and property purchase price, the LMI is … Read more

Will interest rates increase in 2017?

Interest rates have been at historical lows for such a long time, home owners could be forgiven for forgetting what it is like for rates to rise.   In recent weeks though, major lenders have increased their fixed term rates, across several loan terms (two, three and five year terms). A rise in fixed rates … Read more