More and more home owners are offering their properties for sale, according to new data from SQM Research. SQM has reported that while residential property listings in November 2019 were down 6.3% on the year before, they were actually up 6.3% compared to the month before.So while there was a shortage of sellers for much of 2019, it appears that home owners have become increasingly willing to put their home on the market.More property listings means more downward pressure on prices.In month-on-month terms, Hobart had the biggest surge in listings (by 11.7%), while Darwin was the only capital where listings fell (by 1.9%).In year-on-year terms, Canberra was the only capital city where listings increased (by 0.4%), while Sydney experienced the biggest decline (by 19.3%).SQM has also reported how quickly properties have been selling.Looking to buy a property?Hit the button below to arrange a conversation with one of my loan specialists to find a deal that's best for your situation. Book a review today We partner with over 50 lenders so you can find the perfect solutionFollow Facebook Linkedin Do you have questions about mortgages or loans?Ask us in the comments below … [Read more...] about Stock returning to the market but how fast is it selling?
Three easy steps to find lost super
There is more than $20.8 billion in lost and unclaimed superannuation floating around the system, according to the Australian Taxation Office.Many Australians have lost track of old super funds after changing jobs or moving home.But the ATO says it’s “easier than you think” to check if you have missing super and to then get it back. Here’s how:Create a myGov accountLink your myGov account to the ATOThe ATO portal will show all your super accounts (including any forgotten accounts)If you have multiple accounts, you can transfer all your super to your main account and then close the unneeded accounts, thereby saving on fees.Last year, Australians used the ATO portal to reclaim more than $4.4 billion of missing super from more than 540,000 active, lost and unclaimed accounts.Need help finding your super?Hit the button below to arrange a conversation with one of my specialists and we'll be more than happy to help. Get super help today We partner with over 50 lenders so you can find the perfect solutionFollow Facebook Linkedin Do you have questions about mortgages or loans?Ask us in the comments below … [Read more...] about Three easy steps to find lost super
Sleazy spruikers are taking advantage of property investors
Share on facebook Share on twitter Share on linkedin Australia’s two peak property investment bodies have warned buyers to be on the lookout for shonky salespeople masquerading as independent professionals. PIPA, which represents property investment professionals, and PICA, which represents mum-and-dad investors, said an increasing number of spruikers have started appearing. “PIPA has heard of buyers being offered ‘cash back’ deals of tens of thousands of dollars to encourage them to buy inferior properties,” chairman Peter Koulizos said. “Of course, the ‘cash’ isn’t real because it’s built into the sales price, so, in essence, buyers are paying for their own supposed windfalls.” Before making a purchase, buyers should speak to a trusted mortgage broker. With our experience, we will have a good feel for what deals are and aren’t legitimate. Speak to a trusted professional Hit the button below to arrange a conversation with one of my specialists to find a deal that's best for your situation. Get a stress-free plan today We partner with over 50 lenders so you can find the perfect solution Follow Facebook Linkedin Do you have questions about mortgages or loans? Ask us in the comments below … [Read more...] about Sleazy spruikers are taking advantage of property investors
Booms, busts and everything in between
Share on facebook Share on twitter Share on linkedin Australia’s capital city property markets are experiencing very different conditions. New property price statistics from SQM Research show our capitals can be divided into four different groups: Hobart remains Australia’s strongest market Sydney and Melbourne have bounced back Brisbane, Canberra and Adelaide are inching forwards Perth and Darwin continue to go backwards SQM believes next year will be a better year for property than this year. Buyer numbers have been increasing in many parts of Australia, for two reasons: The Reserve Bank has cut official interest rates three times in the past six months Australia’s banking regulator (APRA) has made it easier for borrowers to qualify for home loans If you’re in the market to buy in the next couple months it’s good to start planning early. Need a plan to buy a property? Hit the button below to arrange a conversation with one of my loan specialists to find a deal that's best for your situation. Book a review today We partner with over 50 lenders so you can find the perfect solution Follow Facebook Linkedin Do you have questions about mortgages or loans? Ask us in the comments below … [Read more...] about Booms, busts and everything in between
‘Open banking’ is about to shake up the home loans market
Share on facebook Share on twitter Share on linkedin Australia’s banking system will soon be playing by a different set of rules. It’s called ‘open banking’, and it promises to significantly change the way we do home loans. From February 2020, the big four banks will have to make it easy for borrowers to share their personal home loan data (and other banking data) with rival lenders. That’s important because: Borrowers will find it easier to compare offers and switch lenders Lenders will find it easier to lure borrowers with personalised offers The federal government, which is driving the open banking reforms, hopes it will lead to increased competition, which could mean: · Lower interest rates Lower fees More innovation For now, open banking will apply only to ANZ, Commonwealth Bank, NAB and Westpac. In time, other financial institutions will have to adopt open banking as well. The government also plans to gradually roll out this system to other sectors of the economy – energy will be second and telecommunications third. Ask us about open banking Hit the button below to arrange a conversation with one of my specialists to find out how open banking affects you. Chat with us today We partner with over 50 lenders so you can find the perfect solution Follow Facebook Linkedin Do you have questions about mortgages or loans? Ask us in the comments below … [Read more...] about ‘Open banking’ is about to shake up the home loans market
Why you should avoid Afterpay
Share on facebook Share on twitter Share on linkedin Buy-now-and-pay-later business, Afterpay is definitely shaking up the payment marketplace. There’s even a nightclub that’s proposing to offer it to it’s customers. Even still, it’s a highly debated issue among Australians. My advice about Afterpay? And if you’re thinking about purchasing, investing or refinancing a property in early 2020, don’t use Afterpay for your holiday shopping. More generally, if you’re going to use it, do it after you’ve got your home loan. Banks and lenders that see Afterpay on your banking statements get nervous about your saving and spending habits. More simply, it raises flags about a consumer's ability to budget and live within their means. I’m working with many customers who have very strong loan applications but are running into issues because of just a few small Afterpay transactions. If you’re going to use Afterpay, use it as a short term incentive but make sure to pay it back as quickly as possible. If you need a hand managing your existing Afterpay payments, or would like to know more about how these could impact your home loan application, I'm happy to speak with you. Let's get real about Afterpay Hit the button below to arrange a conversation with one of my debt management specialists to lower the affect on your home loan application. Chat about my debt We experts in debt consolidation. You're in good hands. Follow Facebook Linkedin Do you have questions about mortgages or loans? Ask us in the comments below … [Read more...] about Why you should avoid Afterpay
First home buyer help is on the way
Share on facebook Share on twitter Share on linkedin A controversial new scheme has passed in parliament that aims to help First Home Buyers get into the property market. The program will help buyers get into a property with a 5% deposit but it’s estimated that less than 1 in 10 buyers will receive it. The big savings are that the government will ‘guarantee’ the loan so that the borrower will not have to pay Lenders Mortgage Insurance (LMI). Other details around the scheme are still a bit unclear but here’s what we know so far: The scheme is capped to 10,000 buyers a year. It will ‘guarantee’ loans for first time buyers with deposits as small as 5%. There is an income cap of $125k for individuals and couples earning more than $200k. There is a price cap in cities and regional areas. Click here to see the ranges. The scheme will start on January 1st 2020. It will only be available through some lenders. If you’re thinking about this scheme or know someone who is, let me know. I can make sure you’ll have a good chance at being one of the lucky 10,000 who receive this. Let's scheme! Hit the button below to arrange a conversation with one of my loan specialists to find a deal that's best for your situation. Apply for this scheme today We partner with over 50 lenders so you can find the perfect solution Follow Facebook Linkedin Do you have questions about mortgages or loans? Ask us in the comments below … [Read more...] about First home buyer help is on the way
Housing turnover coming back from a historic low
One large factor that is often underreported when talking about the national property market slump is the percentage of turnover in the market - the percent of property on the market that sells.Recently released data by the RBA has shown that housing turnover is a 30 year low but there is good news on the way. With the election out of the way, lower interest rates and the start of the spring selling season the numbers are starting to rebound. Here’s some other key takeaways:Analysts claim one of the biggest reasons for the historic low was a low level of stock.Around 70% of housing turnover today is from existing property.Turnover from newly built housing is rapidly falling.If you’re looking to take advantage of buying conditions before the market might heat up again, I can help make sure you’re setup with the right loan.Let's talk property!Hit the button below to arrange a conversation with one of my specialists to find a deal that's best for your situation. Talk about property today We partner with over 50 lenders so you can find the perfect solutionFollow Facebook Linkedin Do you have questions about mortgages or loans?Ask us in the comments below … [Read more...] about Housing turnover coming back from a historic low