Refinancing: what you need to know
Confused about the ins and outs of mortgage refinancing? There are two key considerations when you’re looking at taking the step – why and how. Here, we examine both. A home loan is generally a long-term proposition, but in some situations it can be suitable to refinance your mortgage. Refinancing involves taking out a new mortgage and using those funds to pay off your existing mortgage. Doing it right could deliver significant financial gains over time. The two key things yo
How to negotiate in a softer housing market
Seller expectations are high but buyers want low prices – what’s to be done? Two real estate agents detail how to negotiate in a declining market. After years of rapidly rising house prices, the recent slowdown took many people by surprise – not least those with a home to sell. “For a while we had a situation where buyers were aware the market was dropping while sellers still assumed it was strong, so there was a big gap between their expectations,” says Anton Zhouk, Director
10 tips for choosing an investment property
So, you’re thinking of buying your first residential investment property? There are a few things to consider before making the move. Here are our top 10 tips for avoiding potential difficulties and ensuring success. 1. Know your goal Understanding your financial objectives is key to finding the right investment property. The actual property itself is rarely the end goal when it comes to investing – the financial elements should be your key focus. First, decide what your inves
Changes for property investors
In a highly regulated environment, property investment growth can be slower. We take a look at some of the changes to be aware of if you’re looking at making the move into the market. If you’re one of the growing number of Australians exploring real estate finance and investments, it’s important you are aware that the regulatory framework around the market sector has been changing. Under pressure to increase housing affordability, the Australian Government has taken steps to
