Your Mortgage Broker in Brisbane Southside, Logan and the Gold Coast
I have been in the Banking & Finance industry for 35 years. Which means, I have been in finance longer, than the age of most bank managers. I have worked for a number of financial institutions, and have held the positions of Branch Manager, Lending Manager, Area Manager, and State Manager among others. For the last 18 years I have been a broker with Loan Market, and in that time have organised in excess of $200 million in home loans. I have dealt with over 1,000 clients. I am proud to say that I have never received a complaint from any of my clients. I have been an Elite Broker for a number of years, and have won an MFAA Excellence Award. So not only am I a qualified, and experienced professional, I also have a very proud record in the industry.
Many Australians enjoy the freedom of working for themselves, but being self-employed means time is of the essence, not to mention the challenge of keeping up with the paperwork of running your own business.
Buying your home can be an exciting yet overwhelming experience, not to mention a big financial commitment. When you look for a home loan, consider the size & type of the loan, the deposit you have and the type of property you want to buy.
Investment loans vary depending on what you are looking to achieve, and can be either very simple (like your standard home loan), or something more complex that helps you to make effective use of tax, gearing and repayments.
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.