Interest-Only VS Principal and Interest Loans
When you take out a loan with a lender, the lender will calculate the loan repayment based on the term of the loan (how many years you have taken the loan out over) and the interest rate. The monthly payment will be calculated to ensure the principle (the amount you borrow) plus the agreed interest […]
Owner-Occupier Interest Rates for Investment Properties
Good news for investors! Usually, interest rates on loans for investment properties are higher than they are for owner occupied properties. However, at the moment some lenders are offering investment loans at owner-occupier rates. I’m An Investor – What Should I Do? If you currently have an existing investment loan, we recommend you have a […]
Longer Lender Turnaround Times and How to Speed Up Your Loan Application
Major lenders have been taking longer to process loan applications in the past few months. The major factors increasing the length of turnaround times are low interest rates, government incentives increasing first home buyer traffic and a buoyant property market. In the latest ABS report (November 2020), the survey showed a record high of mortgage […]
Perth Rental Update – What’s Going to Happen After the COVID-19 Relief Ends?
The property market is currently experiencing a housing boom due to a combination of low mortgage rates, improved economic conditions, government grants and extremely low rental vacancies. Last year in March 2020 the West Australian government implemented a moratorium on rental evictions and price increases but this is soon to end where tenancy laws will […]
Australian Housing Market on the Rise this Year
As confidence levels return for buyers, sellers and investors, we’re expecting a busy year in the property market. This is due to several factors including the record-low interest rates, stamp duty exemptions and government grants. Strong first homebuyer activity will continue to thrive into the new year. We should also start to see investors return […]