How Lenders Evaluate You
[INVESTOR UPDATE] Finally… some GREAT news for investors!
I did a Mexican wave yesterday and I have to share it with you! I’m so excited… not only because the RBA dropped the cash rate by 25 basis points yesterday.... and NOT because the major banks, except ANZ and Westpac, towed the line and dropped their interest rates by 25 basis points too.... but because I see signs that the property cycle is turning back in favour for … [Read more...]
APRA signal easing of bank lending Rules
In my last blog post, I talked about the potential negative gearing changes that would have been inflicted on us had Labor won the election. To my relief it didn’t eventuate, which means that the property market will begin to settle down. To quote ex-Labor minister Graham Richardson “the mob always get it right” and regardless of whether you agree with the quote or not, I’m … [Read more...]
Election Looming and the proposed death of negative gearing.
Are you thinking of buying an investment property when Labor implements its negative gearing tax changes? Will negatively geared investment properties still be good to invest in and what impact will buying one have on your hip-pocket? If Labor win the upcoming election and abolish negative gearing, then here are some of the things that you should be considering before you … [Read more...]
Government budget in Surplus… Is that a good thing?
The treasurer this week announced in his budget speech that the budget will return to surplus in 2019 after being in deficit for the last 12 years… the question is, is this a good thing? I am not affiliated with any political party and I don't care who is running the show, however, for the sake of helping people understand the government budget, and the importance of good … [Read more...]
