Australia is in lock-down, schools are closed, many people have lost their jobs or are working from home. We must all exercise safe distancing, which means no social gatherings and as a result, the government has also shut down property auctions, and there are no more open for inspections allowed. In shutting down the country, the government has also shut down our largest … [Read more...]
Why applying for finance is like a job interview
It’s becoming more and more apparent that investors don’t know how to apply for a loan. Now I understand if that sounds harsh, but most investors complain about the loan application process, they blame the bank, blame the broker, blame god but fail to take responsibility for the crappy financial position they in. And what I mean by that is, you may have a great job, a … [Read more...]
The Single Most Important Question You Must Ask About Every Property You Own
Carly wanted to increase her portfolio from three properties to six in the next five years. One of her current properties, a small unit located in a regional NSW town, had a minimal mortgage of $90,000 and was returning $135 per week. As low figures were involved, Carly believed it was okay for the property to remain in her portfolio. “That property’s fine, it’s just … [Read more...]
[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...]
