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Archives for February 2017

Buy a house: things to consider when house hunting

There’s no doubt about it. It's not always easy to buy a house. By the time you find a home that ticks all the boxes, check you can afford it and go back to make an offer, it’s been sold. Alternatively, you’ve attended seven auctions in the last month and every single time the property has sold for a higher price than what you wanted to pay. How does anyone manage to buy a house these days? What’s the secret? Whilst we don’t believe there’s a "secret" per se, here are a few things to keep … [Read more...]

Buying your “future home” now, before you need it

We’ve spoken to a few clients recently who are in the fortunate position to consider buying their 'future home’ now, before they actually need it. You might be happy in your current home - which is great!  But if you know you're likely to outgrow it in 5 years, have you thought about buying something bigger now and renting it out until you need to move in? If your finances allow it, here are a few reasons why it can be a good idea. You’re not buying and selling at the same time … [Read more...]

What’s Changed in the Lending Environment?

If you haven’t purchased property or reviewed your home loans over the last 18 months, you might be surprised to learn about the recent changes to residential lending. Lenders have changed how much they'll lend, who they'll lend to and what documentation they need before saying ‘yes’ to your loan application. This is not a complete list, but it does outline the main lending changes we've seen recently. It's getting harder to refinance investment loans Due to APRA imposed restrictions, a … [Read more...]

Interest Rates: RBA Decision Feb 2017

At the RBA Meeting held today 7 February 2017, the Board decided to leave the cash rate unchanged at 1.50 per cent.  Here's part of the statement issued by Phillip Lowe, Governor: Monetary Policy Decision. The outlook continues to be supported by the low level of interest rates. Financial institutions remain in a position to lend. The depreciation of the exchange rate since 2013 has also assisted the economy in its transition following the mining investment boom. An appreciating exchange … [Read more...]

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