What to do if your property valuation is too low

Sep 16, 2019 1:37:06 PM

While a property valuation is often an essential step in the home buying process, in recent months home buyers across Australia have been left feeling frustrated and disappointed with the valuation process. Lower than expected property valuations have resulted in home buyers having to pay LMI or even lose the property if they can’t cover the shortfall. Here’s what you need to know about property valuations.


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Topics: Financial Advice, Home Loan Advice, Property Valuation, Mortgage Advice, Buying property in Australia, Australia Mortgage Broker

A Professionally Prepared Will vs. a DIY Will Kit

Sep 16, 2019 1:30:38 PM

No one likes to think about their own mortality which is probably why so many people avoid writing a will. But the alternative has far-reaching implications: dying intestate – without a will - means your estate is distributed according to strict legal formula rather than how you would want it distributed. To help you prepare for life’s unexpected events, here are some of the things to think about when preparing a will.


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Topics: Financial Advice, Home Loan Advice, Writing a Will, Mortgage Advice, Buying property in Australia, Australia Mortgage Broker, DIY will kit, Preparing a will

Buying off the plan

Sep 16, 2019 1:27:01 PM

For potential first home buyers, buying a property “off the plan” could be an affordable means of getting a foot onto the property ladder. Of course, as with any real estate investment along with the benefits come a number of risks and before you commit to an off the plan property, it’s important you understand exactly what these are. Take a look at the pros and cons of buying off the plan.


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Topics: Financial Advice, Home Loan Advice, Mortgage Advice, Buying property in Australia, Australia Mortgage Broker, Off the plan

Owner Builder Loans

Sep 16, 2019 1:21:39 PM

Looking to create your dream home but not sure where to start? Being an owner builder could be an option. Doing the work yourself has its benefits – more control over the project, greater satisfaction on completion, and potential cost savings - but there are a number of risks too. To help you determine whether an owner builder loan is the right finance option for your project, here are some things to think about.


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Topics: Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker, Owner Builder Loan

First Home Loan Deposit Scheme

Aug 15, 2019 5:17:01 PM

Saving a deposit for a mortgage is often the biggest hurdle for many first home buyers. Rising property prices in some areas in Australia means it can take years to save up enough of a deposit. Add to that the cost of Lenders Mortgage Insurance (LMI) and it’s easy to see why so many first home buyers struggle to get a foot onto the property ladder. But that’s all about to change with a Government scheme aimed at helping more first home buyers.


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Topics: First Home Owner Grant, first home buyer, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker, First Home Loan Deposit Scheme

Understanding Chattel Mortgages

Aug 15, 2019 3:47:33 PM

Are you in the market for a new vehicle? Do you have your own ABN? If you answered yes to both, you may want to consider applying for a chattel mortgage. A chattel mortgage is a common way Australian businesses finance cars and there are significant financial benefits to financing your car using a chattel mortgage. Read on to find out if this finance option is right for you.


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Topics: Financial Advice, Business Finance, Small Business Finance, Australia Mortgage Broker, Chattel Mortgage

Word on the street: A Property Update

Jul 15, 2019 6:15:49 AM

This month, we asked one of our top referring Harcourts agents Gavin Kohan, Property Sales Consultant based in Frankston, Victoria to update us on the general feeling in the Victoria property market. Gavin shared his insightful perspective around recent changes to the property market, trends that he’s seeing on the ground, and his predictions for the future of Australian property.


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Topics: lending options, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker

2019 Banking Code of Practice

Jul 11, 2019 9:02:27 AM

In a bid to restore customers’ faith in banking, the Australian Banking Association (ABA), together with some of Australia’s largest banks, has launched the Banking Code of Practice. This new set of guidelines and principles will hopefully improve small business lending, provide strong protection for customers, and serious consequences for breaches. Here’s some of the changes you can expect.


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Topics: lending options, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker, Open Banking, Responsible Lending, Banking Code of Practice

Devaluing Your Health Could Cost You More

Jul 10, 2019 9:00:00 AM

We are living in a time where there is an abundance of health awareness and an increasing amount of education and statistics published about the risks and long-term impact of various illnesses and disease. It’s clearly affecting Australians physically, mentally & financially, so why then is Australia regarded as one of the most underinsured nations in the world? Is the common colloquialism of “she’ll be right” standing in the way of Australian’s adequately preparing for life’s unexpected events?


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Topics: Financial Advice, Home Loan Advice, Mortgage Advice, Mortgage Protection Insurance, Australia Mortgage Broker, Superannuation, Life Insurance

What An Open Banking Regime Means For You

Jul 10, 2019 8:48:57 AM

On 1 July 2019, the open banking regime officially began, with the four major banks now offering data on a variety of products as part of the regime’s roll-out. Over the next two years, a phased implementation of open banking will be carried out, not only taking the friction out of banking, according to experts, but also leading to the rise of a whole new class of products and services in the financial sector. So, what changes can you expect?


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Topics: lending options, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker, Open Banking, Responsible Lending