BlackRock conducted their “Global Investor Pulse Survey,” where both the Australian and retired segments gave eye-opening feedback. The survey featured 1,000 Australians and 16,500 investors from other countries. While only 55% of retirees in other countries believe that a long-term approach to saving for retirement is necessary, 72% of Australian retirees answered in the affirmative [Continue Reading]
Improve Your Credit Rating Score Easier than You Think
You may or may not have heard of the Veda Group. If you are paying attention to the credit industry, you have definitely heard of them. If you haven’t, you will be hearing about them soon. The Veda Group is listed on the stock market as a billion dollar company that has only one “asset”—your [Continue Reading]
Home Prices Continue Slow Rise in November
RP Data recently released their Home Value Index which traced home values for November. Home values rose 0.1% across the capital cities for the month of November. While this is a relatively benign statistic taken without context, there are a number of factors involved. Inside the Statistics While growth statistics are down for November last [Continue Reading]
Don’t Make This Big Mistake When Buying Investment Property
We’ve all had that magic holiday. You know: the one that makes you wish you never had to come back home—the holiday spot that makes you want to buy a home there. Sometimes, the yearning is so bad that people make a “sea change.” That is fine if you have somewhere to work. Sometimes, people [Continue Reading]
Where Should a First Home Buyer be Looking?
Recently, Tim Lawless, the head researcher and writer for analytical firm RP Data was asked by a prospective first home buyer where he would buy his first home if he was in the market today. The result was a great piece on the RP Data blog that provided quick analyses of every state in Australia [Continue Reading]
Investors Look North in Search of Lucrative Properties
Our financial planners and mortgage brokers work primarily in the Perth market, but we like to keep an eye on all opportunities that may be relevant to our clients. One opportunity that seems to be “hot” again after a year of pessimism is the Pilbara region. With an uncertain economy, a contraction of the resource [Continue Reading]
WA Still Leads the Way in Wages
Our financial planners and mortgage brokers pay a lot of attention to the economy, not only in Perth but across Australia. We know that we are very fortunate to live in Perth and in WA, and recent statistics continue to back our contention that WA is the most healthy of any state in Australia. The [Continue Reading]
Key Questions to Ask when Buying an Investment Property
Our office includes financial planners and mortgage brokers who assist with a lot of home loans and investment loans in the Perth area. Financial planners and mortgage brokers are great people to ask about loans and finance, but what about some of the other questions you should ask not only us, but some of the [Continue Reading]
Why Hire a Professional Finance Broker?
At Purely Finance, our mortgage brokers have helped find home loans for a lot of people in Perth. One of the most common questions we answer on a regular basis is “Why should I hire a professional finance (or mortgage) broker?” If there was one “short answer” for this question, it would be that we [Continue Reading]
Stay Updated About the Property Market
Whether it’s a mortgage broker or a financial planner, any professional in the Perth investment property market will tell you that it is mandatory that you keep abreast of market developments. Mortgage rates and property prices both play a part in home loan or investment loan repayments on your Perth property. We always recommend consulting [Continue Reading]
How to Maximise Your Super
Since last year’s changes, our financial planners have received a lot of calls about how to make the most of a self-managed superannuation fund or SMSF and what new investment opportunities are available in Perth. Superannuation benefits are scheduled to increase to 12% over the next few years. The preparations you make now are crucial, [Continue Reading]
Australian Home Buyers Hammered by Stamp Duty Tax
As many who have recently obtained a home loan in the Perth area probably noticed, stamp duty taxes can often brutalise those who are buying a home. As most mortgage brokers can tell you, the tentative recovery of the Perth real estate market has been a mixed blessing for many. It has helped those who [Continue Reading]
The Hidden Metric for Increasing Your Borrowing Capacity
If you talk to any mortgage broker in Perth, you will quickly find out that the lending companies have a lot of metrics by which they determine who is going to get credit and how much they are going to get. There are a lot of standard metrics that make common sense, but there is [Continue Reading]
How Quickly can You Save a Deposit?
Due to a high cost of living, mortgage brokers and financial planners in Perth are often asked by potential first home buyers how to save up for a deposit on a home. The next question is usually “how long will it take?” The answer, of course, is dependent on how much money you can put [Continue Reading]
3 Factors that Determine Whether a Property is Right for You
Our mortgage brokers and financial planners have a lot of experience with home loans and investment loans in the Perth area. In our office, we offer both services. While each professional performs his or her speciality, there is still a lot of knowledge that “bleeds over” between positions. Consequently, our mortgage brokers know a substantial [Continue Reading]
What Everybody Ought to Know About Reverse Mortgage
Of the many different kinds of home loans and investment loans available in Perth, a reverse mortgage sounds like a great deal–it is great in theory. When you are older, you can use the equity in your house to live on, and then your estate can sell the house when you die, and your heirs [Continue Reading]
Is Overseas Investing Worth the Risk?
Financial planners in Perth are often asked if investors can make a lot of money investing overseas. The short answer is “yes, but it is really risky.” While the risks can be overcome and some investors can make money with overseas investments, we would rather see you use your investment loans right here in the [Continue Reading]
Now that the Election is Over, Investors are Regaining Confidence
Elections are over and mortgage brokers and financial planners in Perth are already busy. As everyone knows, the Coalition soundly defeated Labor, but which side won isn’t as important as the knowledge that we now have some stability in the government. Let us preface the rest of this blog piece by saying that we don’t [Continue Reading]
7 Tips for Finding the Right Investment Property
Our mortgage brokers handle a lot of home loans for investment properties in Perth. While we would like to report that every investor we have ever helped get a loan has prospered, there are unfortunate exceptions. While no investment property is ever guaranteed to make money, we can state with confidence and experience that following [Continue Reading]