Mortgage brokers in Perth and across Australia are a lot busier recently, due to the news that the Reserve Bank of Australia (RBA) is not expected to make any more cash interest rate cuts in 2015 and may not cut it below its current rate of 2.0% in 2016. That means that the cash rate [Continue Reading]
Why This CEO Thinks Real Estate is the Best Investment Platform for the “Little Guy.”
The mortgage brokers and financial planners in our Perth office have one common goal: to help you build wealth by investing in real estate. We also help with investments in other platforms such as shares. If you want a self-managed superannuation fund, we can help you with that, too. But we believe that investment property [Continue Reading]
Why So Many Australians Now Use Mortgage Brokers Instead of Bank Managers
Here’s something mortgage brokers in Perth know that you may not: recent figures from the Australian Bureau of Statistics (ABS) indicate that 52% of Australians now turn to mortgage brokers when they need a home loan. This is happening because of all the benefits you receive when working with a mortgage broker instead of a [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]
What is the Best Suburb for Investing in Property?
Both our financial planners and mortgage brokers are often asked about their opinion on the best suburb in the Perth area for investing in real estate. There is no short answer here because every investor is working with a different set of circumstances. We recommend having an individual consultation with a financial planner before any [Continue Reading]
First Meeting with a Lender: What to Expect
If you are a first home buyer getting ready to meet a lender for the first time, you probably have mixed emotions—the excitement of buying your first home is diluted by the tension you may feel because you don’t know what to expect. The lender has what you want and you may feel like you [Continue Reading]
Surprising Benefits of Pre-Approval for Home Loans
When our mortgage brokers talk to clients about home loans in our Perth office, they are more often than not people who have already found a house and are just beginning the loan process. Lately, though, more home buyers are taking advantage of loan pre-approval. The Process Loan pre-approval is easy—call us, answer a few [Continue Reading]
Today’s Interest Rate is a Phenomenal Opportunity
Investors who have been in the market for a long time will tell you that there is always an opportunity to make money in any market if you have the resources and know what you are doing. Whether the market is up or down, there is a strategy to make money. However, sometimes there is [Continue Reading]
Slow and Steady Wins the Race for the Australian Economy in 2014
Most economists see growth for the Australian economy in 2014, but not as fast as what we are traditionally used to. Callam Pickering of Business Spectator is one of those economists. In a piece for Business Spectator, Mr Pickering opined what he termed “below trend growth” due to declining participation rate and difficulty keeping the [Continue Reading]
Dos and Don’ts to Get a Good Credit Record
12 March hardly sounds like a key date in history. But, for those looking to buy property, 12 March 2014 could be a key date that determines whether or not they get a loan. Whenever someone applies for a mortgage, one of the first things a bank does is run a credit check on them. [Continue Reading]
Why Property Investment in Mining Towns Requires Patience
Much has been made of the impending “demise” of the mining boom. While the boom has flattened as the resource industry reinvents itself in a sleeker, slimmer model, the mining industry is still providing a lot of income and making a lot of contributions to the Western Australian economy. The Problem We have found that [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]
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]
Due Diligence: Conducting Your Own Pre-Purchase Inspection
When we broker a home loan, mortgage brokers in our Perth office always like to remind our customers to do what is known as “due diligence” in every facet of buying their home. Due diligence means assembling enough information to ensure that you know exactly what you are getting and that you are getting as [Continue Reading]
The Common Mistakes Investors Make on “Fixer-Uppers”
Financial planners and mortgage brokers alike have worked with a lot of clients in and around Perth who purchase homes as “fixer-uppers” and plan to maximise their investments by fixing them to increase their market value. However, can you always increase the value of your property enough to cover the costs of renovation? If you [Continue Reading]
5 Important Questions to Ask When Subdividing Investment Property in Perth
The market for investment property in Perth and across Australia has become a lot more volatile over the last 5 years. It is a poor strategy to just rely or hope to get capital growth, so many are looking for alternative strategies to add value to their investment properties in Perth. One of the more [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]