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...]
This is what separates the best from the worst investors
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...]