Purchasing your first home can be exciting but will usually require that you take out a mortgage loan. In your lifetime, a mortgage loan can become your largest debt, so understanding the process is critical. If you’re looking to finance a home loan in North Sydney, or purchase a home or a investment property in […]
Whilst refinancing during the COVID-19 outbreak may not be possible for all homeowners and borrowers due their current circumstances, replacing your existing home loan with a new loan is usually a viable option to consider. Refinancing your loan allows you to reduce your monthly payments, lower the interest rate, consolidate debt, and alter the loan […]
Whether you’re a first home buyer, or planning to upsize, downsize or invest, the COVID-19 coronavirus will have caused some uncertainty over your plans. The Lending Environment Whilst there has been some change in the way we inspect and purchase properties on-line, banks have also amended their lending criteria and are focussing on the stability […]
The impacts from COVID-19 are yet to be seen in a property market context as transactions generally follow a due diligence process and are less liquid than the public market of the stock exchange. In terms of valuations, we are seeing valuers starting to utilise disclaimers highlighting ‘valuation uncertainty’. Valuers draw upon previous transactions to form opinions of value […]
The impact of the last bushfire season and now Covid-19 is causing significant distress to many businesses. For many cash flow has slowed to a trickle or even stopped completely. Here are eight essential steps to take to deal with this type of crisis in your business: 1. Be honest with yourself Lots of people […]
If you are a renter, you may have heard that your landlord can skip their home loan repayments. Unfortunately, this is not accurate. Anyone with a mortgage, if they are experiencing financial hardship, can only delay their home loan repayments, but they still have to pay them in full. In fact, when a property owner […]
If buying or selling for the first time, you might be bamboozled by all the real estate jargon bandied about. Here is our A-Z guide to what it all means. Accrued depreciation The total depreciation of a property over a period of time. Usually the difference between the replacement value at purchase and its present […]
If there’s one person investors should listen to during a market correction, it’s Warren Buffett. At age 89, Buffett has lived through quite a few downturns. And he’s made out pretty well: His net worth is in the ballpark of $85 billion. Through the years, he has given a lot of great advice in his […]
The Reserve Bank has slashed interest rates to a record low of just 0.5 per cent as it seeks to contain the economic fallout from the escalating coronavirus crisis. Key points: The Reserve Bank has slashed interest rates from 0.75 per cent to a fresh record low of 0.5 per cent The RBA has now […]
The festive season might be a distant memory but many of us will still be paying for it well into the future. According to the Australian Securities and Investment Commission (ASIC), more than a third of us put our Christmas gifts on plastic. The Christmas splurge adds to our mounting household debt, already among the […]