Mortgage Broker in Essendon, Moonee Ponds, Brunswick, Point Cook, Port Melbourne and surrounding suburbs
I've helped hundreds of couples, families and single women by being there when they needed it most and to answer all of those questions and more. My focus is not the loan, it's helping you realise your dreams and goals. I guide you through the process of buying a home, budgeting to help maintain your existing lifestyle, introducing you to all the professionals you might need along the way, solicitors, financial planners, building inspector, insurers, accountant, etc. You get as much or as little of my knowledge, experience and contacts as you need.
Buying your home can be an exciting yet overwhelming experience, not to mention a big financial commitment.
Self-employed borrowers are usually involved in small business and often need help both time and knowledge-wise when it comes to finding a residential home or residential investment loan.
Whether it's your first investment property or your tenth, structuring your investment loan/s properly is essential.
We’re starting later, it’s costing more - is the property dream unreachable in 2020?
Once upon a time, let’s call it the 80s, the average Australian would buy their first home at the age of 24. Here we are, three decades later, and buying property doesn’t occur until we’re 35. Why is that? Is it thanks to the price of housing in our popular cities, and the militant discipline required to save a gigantic deposit? Or is it that we’ve decided to ‘live a little’ in our twenties, choosing renting and share-housing over striving to attain our first property asset? And is property still the asset class it used to be? Let’s discuss.
The race to the bottom; banks start zealously cutting rates
In the midst of a terrifying and rough summer for much of Australia, it’s odd to reflect on the season that has been for real estate. It’s been a while since the temperature of the housing and home loan market has been so pleasant. Record low rates, looser credit criteria, lender competition, government incentives, much more market activity and property price growth have been coinciding of late. The sentiment has changed and it can be seen in renewed investor and owner-occupier activity, banks proudly shouting about new low rates, and first-timers getting a gift from the government.
Is your cash making you poorer?
You know the phrase, “asset rich, cash poor”? It’s never been uttered in a more provocative environment. Even if you’re generally flush with cash, cash as an investment type is hamstrung these days by the central bank cash rate, meaning you’re poorer than you need to be. Let me say it straight. Cash, right now, is kinda useless as an investment. Rates are about as low as they can go (or are they?) so any cash investments still held are no longer helping your cause. That’s presuming the cause is wealth creation. Cash investments are simply not delivering the returns and the low risk profile that have made them popular for so long.