At Purely Finance, we have more than 70 years combined experience in brokering investment loans and home loans in the Perth area. One thing we can say about almost every large investor we work with now: when they started, they were just like you. They were looking for funding to obtain their first investment property. [Continue Reading]
Tips for Paying Off Your Home Loan Faster
At Purely Finance, we specialise in home loans for your home or your investment property. In addition, we have provided financial planning and advice to thousands of people in the Perth area. We love the concept of paying off your home loan as fast as possible. The less money you owe on your primary home [Continue Reading]
“Not Enough Money to Invest in Property?” Think Again.
Elsewhere on this blog, we provided a short version of how to find money to invest in property. We listed three popular sources. However, the mortgage brokers in our Perth office have talked to so many people about this subject that a problem has emerged. Too many people want to invest but think they “don’t [Continue Reading]
Property is Now Australia’s Biggest Business
The field of business finance is changing, in Perth and across Australia. According to a major consultancy company called AEC Group, the property industry is now the largest segment of the Australian economy. In the last ten years, the GDP of the property industry has doubled, reaching $182.5 billion in 2013-14. The study was commissioned [Continue Reading]
Managing Mortgage Debt: 5 Strategies for Success
Our mortgage brokers specialise in helping Perth area property investors build wealth through property, but homeowners can learn a lot from the recommendations we give our clients. In addition, our investment clients finance their homes through us as well because they know we can help integrate their home loans into their investment programs. For most [Continue Reading]
An End to Stamp Tax Duty and Negative Gearing? What it Could Mean to You.
Financial planners who work with property investors in Perth are watching closely to see if the Government follows through on a recent report by the Senate Economic References Committee. For property investors, there were two giant takeaways. The committee recommended that stamp tax duty be replaced by “more efficient taxes.” It also recommended that negative [Continue Reading]
Tighter Standards on Investor Loans Make it More Important than Ever to Select the Right Mortgage Broker
Recent changes in the market may be making investment loans for property in Perth harder to obtain. Mortgage brokers in Perth are scrambling to adjust to the recent changes. We believe it is more important now than it has ever been to choose the right mortgage brokers when you are looking for investment loans in [Continue Reading]
Purely Finance Winter Newsletter 2015
It’s winter time again and we have some great information for you. Sit back, relax and enjoy a cuppa while reading our newsletter, where you can learn how to add value to your property and how to broaden your horizons. And since it’s also the end of the financial year, we have some tips that [Continue Reading]
What You Need to Know about the First Home Owner Grant
Our mortgage brokers discuss home loans with a lot of prospective first home buyers in the Perth area. We think that the current combination of a slowly-rising home market and record low interest rates are providing great opportunities for entry into the market by first home buyers. We may go so far as to say [Continue Reading]
Why Now may be the Best Time to Refinance Your Home
If you are thinking about refinancing a home loan in the Perth area, now may be the best time to take advantage of record low interest rates. We know that a lot of people are waiting to see if interest rates will go even lower, but that is a game that can be lost as [Continue Reading]
A History of Interest Rates: Why They Won’t Stay Low Forever
We have helped a lot of people obtain home loans in the Perth area, but that isn’t all we do. We also provide business finance and have a team of financial planners. We have spent most of our business lives helping people in the Perth area achieve their dreams and we don’t plan on stopping [Continue Reading]
How Low will Home Loan Interest Rates Go?
Thanks to yet another RBA rate cut to yet another record low interest rate, there is speculation that 3.9% home loans could be on the way to Perth if the Reserve Bank continues to cut rates. Here is what many experts see happening. In March, experts expected rates to eventually fall as low as 1.5% [Continue Reading]
More Good News for Homebuyers?
Our mortgage brokers are elated by recent news that the number of properties for sale in Perth is higher than at the same time last year. Why does this make us happy? Because higher supply means less demand and lower prices for the time being. According to SQM research, there are currently 23,658 properties for [Continue Reading]
RBA Keeps Interest Rates Steady for Another Month
Mortgage brokers and people looking for home loans in Perth didn’t get the news they expected in March. Despite rampant rumours to the contrary, the Reserve Bank of Australia (RBA) held interest rates steady for March at 2.25%. While they did send strong signals that another rate cut is forthcoming, there are no guarantees. Even [Continue Reading]
How Many Investment Properties Do You Need?
At Purely Finance, we broker home loans and investment loans in the Perth area. Often, the two areas come together and we broker a home loan for an investment property. Since legislation was passed allowing Self Managed Super Funds to obtain investment loans, more and more small investors have begun to use real estate to [Continue Reading]
The Big Picture on Low Interest Rates
The record low Reserve Bank of Australia (RBA) interest rate has been a hot topic of discussion for mortgage brokers in the Perth area. Standard home loans are a great bargain right now, especially in the Perth market. But did you know that low interest rates provide other great opportunities, too? All four of the [Continue Reading]
Purely Finance Autumn Newsletter 2015
Welcome to our Autumn Newsletter! Our team is very happy and proud to provide you with helpful information for the season. Read on and learn about healthy habits you should maintain during autumn, financing a renovation, advantages of property investment and many more. We hope you enjoy this issue of our newsletter. Cheers! Click link/image [Continue Reading]
When Investment Loans for Your Perth Investment Properties are Better than Using Your SMSF
We have helped obtain a lot of investment loans for small Perth property investors over the years. With the newer trend of using one’s Self Managed Super Fund (SMSF) for investment properties, the simple investment loan has been forgotten by many. However, there are certain risks and pitfalls when using your SMSF. It is good [Continue Reading]
RBA Drops Cash Interest Rate to Another All-Time Low
If you are among those considering home loans, investment loans or refinancing your Perth area home, you are probably excited that the RBA has dropped the cash interest rate even further to 2.25%. This drop came as a total surprise to many economists. Predictions for 2015 were all over the map, with some calling for [Continue Reading]
When and When Not to Refinance Your Home
As mortgage brokers who take care of a lot of home loans and refinancing in the Perth area, we are often asked about refinancing home loans. On the surface, refinancing can often seem like a “no-brainer” decision. You may be dissatisfied with your terms. The last year, record low interest rates have sent a lot [Continue Reading]