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

Six winning strategies for auctions

Auctions are competitive and stressful for most bidders. Here are six smart strategies that could improve your chances of winning. 1. Don’t show your hand Revealing your maximum bid limit to the agent before the auction could encourage them to push you a little further. For example, during the auction the agent might indicate you’re close to meeting … 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

Insurance and protecting your family home

Why do I need life and income protection insurance? One of the questions Mortgage Brokers ask clients is whether they are insured – not just car insurance or house insurance (which everyone should have by the way) but life insurance and income protection insurance.  Brokers are obliged to get clients thinking about how they would pay … Read more

Want to knock down and build multiple dwellings?

As the population in our major cities continues to grow and with the centralisation of the workforce there is an increasing trend toward greater density of population and smaller households. What does this mean? It means where there used to be warehouses there are now blocks of apartments and where there used to be a … Read more

Buyers Advocates are on your side

Today’s Guest Blog is by Ray Becher, Principal and Founder at Reimund Property Advisory As a professional Buyers Advocate, one of the questions I get asked most frequently is “What can a Buyers Advocate do for me that I can’t do for myself?”. My response is always the same in that it always pays to have … Read more

How much can you afford to borrow with your first home loan?

Understanding how much borrowing capacity you have when buying your first home is an essential step for all newcomers to home ownership. The question of “How much can I borrow?” rears its ugly head for all new home buyers. As daunting as it can be, understanding your borrowing power is important – and essential – … Read more