Deposit Bonds: What are They and Why Use Them?
It is common practice in Australia that when purchasing a residential property, a 10-20% deposit may be required to secure the sale. The deposit is then held in trust by the seller’s solicitor or settlement agent as security for the purchaser’s obligations. In some cases, when the purchaser does not have the full deposit available […]
Securing a Family Home in Challenging Circumstances
The definition of ‘HOME’ can be described as; ‘the place where one lives permanently, especially as a member of a family or household’. This certainly rings true for one of our clients this month, learn why a father was doing backflips on hearing the news that on limited resources he was able to secure a […]
The MUST Know Facts about Buying Property with Other People
When people buy property together, particularly if it’s with a partner or spouse, they will usually register the title in both people’s names. There are also other arrangements that are possible, several friends might opt to own individual shares in a property, for example, or a couple might choose to have only one of their names on an investment property title. There are […]
Offset Account: You Could Cut Years Off Your Mortgage
Looking for ways to pay off your mortgage in record time? Whether you’re a seasoned investor or buying your first home, an offset account can help you reduce interest payments, save on tax and pay your mortgage off years ahead of schedule. What is an offset account? With an offset account (also called an offset loan, interest offset account, mortgage offset […]
Buying Property off the Plan? Ask These 5 Questions
It’s an exciting time, you’ve decided to buy a property off the plan which means you will have a BRAND-NEW home! It’s important you are clear on what’s involved and ask the right questions. Here’s the first 5 to get you started: 1. Do you know the risks? When buying an apartment, unit or house off […]