Blog

The Role of Buyers Advocate in the Present Melbourne Real Estate Scenario

Before we jump into the very issue to discuss buyer’s advocate and their role, let us first discuss in short, the real estate market and its dynamics that prevail at present. With the lockdowns a phenomenon of the past – finally, average Melburnians are breathing a collective sigh of relief. The proper city of Melbourne … Continue reading The Role of Buyers Advocate in the Present Melbourne Real Estate Scenario

‘Irrational’ borrowers switching to more expensive property loans

According to some brokers, the prospect of rising interest rates are causing many nervous buyers to rush into more expensive fixed loans without them fully considering whether they will end up with higher costs and switching fees. As big banks such as Westpac, ANZ and Citi continue to increase their rates, the rush to lock … Continue reading ‘Irrational’ borrowers switching to more expensive property loans

How to Buy Unlimited Investment Properties Chapter 9

Renting I obtained three rental estimates from local estate agents. But I invited only two of those agents back to lease my property. As a personal preference, I always appoint only two real estate agencies when leasing any of my investment properties.  I believe there is sufficient competition between two agencies to ensure that I … Continue reading How to Buy Unlimited Investment Properties Chapter 9

How to Buy Unlimited Investment Properties Chapter 8

Securing a Loan Armed with my financial report, I decided it was now time to see my bank about refinancing my existing home loan. I wanted to enter into a new mortgage agreement, based upon the independent valuation I had obtained. When I purchased my apartment, the amount of the loan was calculated as a … Continue reading How to Buy Unlimited Investment Properties Chapter 8

How to Buy Unlimited Investment Properties Chapter 7

The Financial Report My financial report brought together all the information I had collected. The contents page read as follows: Personal balance sheet Detailed financial analysis Copy of independent bank valuation Copy of quantity surveyor’s report     Twelve-month rental estimates Salary confirmation Individual credit report Comprehensive insurance cover Evidence of comparable sales Securing your loan … Continue reading How to Buy Unlimited Investment Properties Chapter 7

How to Buy Unlimited Investment Properties Chapter 6

Comprehensive Insurance Cover Having a home insurance policy is a must Most people know what insurance is, including home insurance and contents insurance. In my opinion, both are essential for any homeowner. When buying a home, it is generally recommended that you take out a home insurance policy as soon as you sign a contract … Continue reading How to Buy Unlimited Investment Properties Chapter 6

How to Buy Unlimited Investment Properties Chapter 5

The Individual Credit Report An individual credit report contains information that will assist subscribers in making credit decisions. Subscribers include banks and lending institutions, along with a wide range of other services. An individual credit report includes personal details such as: current residential address driver’s licence employment details bankruptcy information overdue accounts loan applications Anyone … Continue reading How to Buy Unlimited Investment Properties Chapter 5

How to Buy Unlimited Investment Properties Chapter 4

The Personal Balance Sheet Establishing that I could positively gear my apartment was a crucial step. Had I not been satisfied my property would make a good investment, the alternative would have been to sell the apartment and purchase another more suitable investment property. My next step was to prepare a personal balance sheet. As … Continue reading How to Buy Unlimited Investment Properties Chapter 4

How to Buy Unlimited Investment Properties Chapter 3

The Financial Analysis Get a DIY financial analysis package Not only has our society’s interest in investing and making money led to an increase in the number of investment seminars it has also spawned a large variety of money magazines. As well as running articles about making money, they also show ads promoting do-it-yourself financial … Continue reading How to Buy Unlimited Investment Properties Chapter 3