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]
Housing Demand in the Capital Cities by Price Point
At Purely Finance, our mortgage brokers have helped a lot of people find home loans in the Greater Perth area. We keep a close eye on industry trends and pass on information we feel is important. A recent article by Cameron Kusher, Senior Research Analyst of RP Data, produced some statistics that agree with what [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]
What’s Making News in Home Finance?
RBA Minutes Recently, the Reserve Bank of Australia (RBA) provided good news for anyone looking for a home loan in Perth or across Australia. The official RBA interest rate will remain at 2.5%. In their November Board Meeting minutes, they provided the rationale behind their decision. The RBA is satisfied that the housing market across [Continue Reading]
Economy, Regulation and Housing Affordability among Industry Challenges in Next Five Years, According to Industry Survey
Over the month of October 2013, over 300 mortgage brokers and other people from the home loan industry were surveyed by Genworth, a leading financial security organisation. They provide insurance to lenders—this means that their profit margin depends on the accuracy of their data and judgements. Respondents were from Perth and across Australia, providing a [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]
Tips for Avoiding a Bad Credit Score
If you are looking for home finance or any other kind of loan in Perth, then you know the importance of having a good credit score. Good credit means that you are financially stable in the eyes of mortgage brokers and banks in the Perth area and having such a score means that you will [Continue Reading]
The Advantages to Trauma Insurance
Along with home loans, insurance payments are also an important part of monthly expenses paid by home owners in Perth and beyond. There are many different kinds of insurance for different events, such as life, home and automobile, but one that is less common is called trauma or critical illness insurance. This kind protects the [Continue Reading]
Maximising Your Property’s Sale Price in Spring & Summer
In spring, people have better attitudes. The cold, depressing grey of winter is transitioning into a wealth of bright colours and warm weather. People are in better moods and become more active. Consequently, more buyers are out looking for homes and more sellers are offering them on the market. Spring is a time when colours [Continue Reading]
The Differences and Advantages of Interest Only Loans
If you are considering taking out home or other kinds of loans, it’s important to know the different options there are from various lenders in the Perth area. The two mains types of loans are those that you have to repay on the interest only and those that you must repay on both the principal [Continue Reading]
Why You Must Treat Your Real Estate Investments Like a Business
Not only am I the director of a firm whose buyer’s agents and property managers handle a lot of investment properties in Perth, but I am an investor myself. I am successful now, but I learned a lot of lessons the hard way as I took a beating in my early years as an investor. [Continue Reading]
Why You Might Want to Switch Home Loans
If you currently have taken out a home loan or you are about to, whether you live in Perth or not, you may want to consider switching your lender. Who you’ve taken or who you usually get your loans from may not be too important in terms of loyalty. They may be charging you too [Continue Reading]
Understanding the Basics of Borrowing
Taking out a home loan is sometimes necessary for the purchasing of property in Perth but it’s important to understand exactly how the system works to make the process easier and protect yourself from being duped. To be a smart borrower, it’s important to realise how loans would practically work for you and what that [Continue Reading]
Expert Advice for First-Time Home Buyers
If you are looking to buy your first new house, then the task of getting a home loan may seem like a daunting, yet necessary, step for acquiring your new Perth home. It is true that buying your first home may seem scary and you may think that you will spend most of your income [Continue Reading]
Advantages and Disadvantages to Negative Gearing
If you are looking for home loans in Perth to invest in property or purchase a new home, you are probably affected by negative gearing. Negative gearing is what happens when an investor originally loses money because the costs, including interest, of the property are greater than the home loan he or she took out [Continue Reading]
Tips to Get You Started in Property Investment
If you are looking to change your finances, either by looking into home loans, investing, or anything else, there is a lot you can do to get ahead of others in Perth and establish yourself financially. One of the most common things you may have read about or heard from other mortgage brokers in the [Continue Reading]
Some Inner Perth Investors Priced Out of Development Sites
When the R-codes were changed 18 months ago, only a few savvy investors knew of the effect it would have on investment property in Perth. The R-Codes were changed to provide multiple dwelling approval for apartments built on properties that were close to amenities and transport and zoned R30 and above. The more savvy of [Continue Reading]
How to Profit From First Home Owners Grant (FHOG) Changes in Western Australia
The outlook for investment properties in Perth is about to be affected by an unlikely source—the First Home Owners Grant. As you probably already know, the recent state budget announced changes to the First Home Owners Grant in WA which came into effect on the 25th September. Changes will see the $7,000 grant payable established [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]