Following a strong pick up throughout 2016 in investment lending activity, on 31 March 2017 the banking regulator ‘APRA’ imposed new lending guidelines in an attempt to slow the volume of new interest only loans in Australia. What impact will this have for home buyers and property investors? What are the smart things you can […]
Reality check for anyone getting a home loan this year
Would you live in a $800,000 better home, for free?
Clients of mine last week were deciding whether to: buy a 1.5 million house in Chatswood (Sydney) to live in; or buy 2 x $750,000 investment properties, and rent a 1.5 million house instead (this is the now popular strategy of “rentvesting”) I’ve reproduced a hypothetical scenario in this article, and this is what the numbers show: […]
No one is going to their bank anymore
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 […]