Thinking of purchasing a property to renovate and resell? Mortgage Broker Melbourne provides some insights into property flipping, from our experience. When the property market is buoyant, as it has been in Melbourne for more than 5
One of the most common ways to sell a property in Melbourne is by auction. When we sit down with a client who is looking to purchase though, we find many are intimidated by the auction
A common question we are asked at Mortgage Broker Melbourne is “How do I use my home equity as a springboard to purchasing an investment property?” So you purchased your home some time ago, have doggedly chipped
The structure of your loan portfolio is critical to success in property investment. From making sure the loan is secured against the correct property to offering the lender the minimum amount of security for each mortgage,
CBA sent a shockwave through investors this week by increasing their fixed rates across the board for investment lending. The biggest jump was a 0.5 for fixed rate investment loans with interest only repayments, taking their
APRA has ruled lenders need to urgently address the percentage of interest only loans they hold on their books. They have deemed interest only loans should account for no more than 30% of the lender’s total
NAB lead the charge this week by increasing interest rates out of cycle with The Reserve Bank, announcing a 0.07 increase for owner occupied loans and an increase of 0.25 to all investor loans. This change
Buy with confidence
This week REIV released the auction clearance rates for the period between 19 December 2016 and 4 February 2017. It showed a clearance rate of 79 per cent with 416 auctions held, 328 selling and 88
Simple descriptions of the various types of loans you are likely to encounter
Analysis released from the real estate research company CoreLogic RP Data allows us to take a detailed look at Australian property price growth across the various state capital cities over the last twenty years, and to
Handy hints for an exciting day
