Deloitte published their Australian Mortgage Report 2017 last week (April 2017) and 60% of the industry leaders surveyed said mortgage brokers were the most influential information sources for consumers on mortgages. The internet as well as ‘friends and family’ also got a mention… but interestingly no one said traditional banks were the most influential source […]
No one is going to their bank anymore
How to develop a property portfolio
Here’s a Youtube clip worth watching. It’s a unique insight into a young Australian, Nathan Birch, who has incredibly gone from nothing to owning a property portfolio worth over $20 million in just over 10 years. He retired from the general workforce at the age of 24. His properties now generate passive net income of $500,000+ per […]
Sorry you can’t get a loan now
On face value it doesn’t appear that Australia’s banking regulator (APRA) has done much to slow credit and house price growth. In December 2014 they imposed a 10% growth cap or ’speed limit’ on investor lending which in July 2015 resulted in the big banks increasing their interest rates on investment loans for property investors […]