Aug 3

Commercial Loans are generating a little more interest with the banks. According to the national business and commercial manager at Loan Market, stricter commercial lending policies introduced during the global financial crisis, were starting to ease, generating renewed interest in commercial mortgages and a revival in commercial loan inquiries.

Mr Abate said Loan Market has had 400% more commercial loan inquiries in June 2010 as compared to June 2009.

Banks are still being quite careful with loan approvals, but they will lend to the right type of client with a strong application.

Banks do look for borrowers in a strong financial...

>>Read more

Jun 2

Almost half of Sydney-siders interviewed by the Sydney Business Chamber believe that one needs to have an income of at least  $100k to live comfortably in Sydney.

In a 2007 the same  poll produced very different results.  Only 24 % of those interviewed thought it was necessary to earn $100,000 to live well in Sydney.

In the new poll, 15 per cent of respondents said they earned six figures.

That’s over twice the national percentage, with the ATO saying just 6 per cent of Australians had a taxable income of more than $100,000 a year.

Only 20 of NSW’s...

>>Read more

Mar 3
Home Buyers Should Buy Now
icon1 admin | icon2 First Home Buyers, Home Loans, Property, Rental | icon4 03 3rd, 2010| icon3Comments Off

Property buyers are being urged to purchased ASAP in 2010 to avoid missing out on purchasing their dream property at a price they can afford.

This year property prices are expected to peak in all states – therefore the sooner you buy the more you save.

Don’t put off that purchase
When looking to purchase a property, you should really look at the property lifecycle to determine the best time to invest. If you wait until the end of 2010, you could face exorbitant costs and limited supply.

The next downturn in the market may not occur for another couple of years.

Choosing your dream home.

Be logical and review the six major groups of investment fundamentals:

1. Location Counts: Does it have schools? Shops? Day care?...

>>Read more

Oct 26
Rent vs Buy – the eternal debate
icon1 admin | icon2 First Home Buyers, Home Loans, Rental | icon4 10 26th, 2009| icon3Comments Off

IT’S a lie to say that numbers don’t lie. This is especially true in the real estate debate about whether you are financially better off renting or buying a house.

Crunching the numbers for this argument can produce almost any answer you like, depending on the assumptions made for factors such as interest rates, house prices, rental costs, investment growth and tax deductions.

And, of course, there’s the matter of trying to save up the tens of thousands of dollars it usually takes to build a deposit.

The “rent money is dead money” line is a fair claim in many cases, but things can get murky when the money saved by renting is invested elsewhere typically shares or an investment...

>>Read more

Apr 17
Tenants begin to benefit from falling rents
icon1 admin | icon2 Rental | icon4 04 17th, 2009| icon3Comments Off

THE rental market is turning back in favour of tenants, as growth in the average rent for a house across most major capital cities continues to ease.

A combination of more renters looking to buy their own homes amid improved housing affordability, and landlords enjoying lower interest rates, led the median weekly asking rent for a house in Sydney and Melbourne to fall flat in the March quarter at $450 a week, data from  API shows.

But Brisbane still experienced rental growth in the March quarter, up 2.9 per cent to $360, just ahead of Perth, up 2.8 per cent to $370, 

“There is less tension there to get those rises,” APM economist

>>Read more