Securing a commercial property loan can be a complex and daunting process. To navigate through the intricacies of commercial finance, many borrowers turn to a commercial mortgage agent for assistance. These professionals specialise in connecting borrowers with the right lenders and negotiating the best terms for their commercial loans. What Does a Commercial Mortgage Broker Do? A commercial mortgage agent plays a crucial role in the commercial lending process. They act as intermediaries between borrowers and lenders, facilitating loan transactions for various types of commercial properties. The services provided by commercial mortgage brokers include conducting market research, assessing borrower requirements, and structuring loan proposals.Working with a commercial mortgage broker offers several benefits. Brokers have access to a wide network of lenders, which increases the chances of securing competitive loan options. They also save borrowers time and effort by streamlining the loan application process and handling negotiations on their behalf.When selecting a commercial mortgage broker, it's essential to consider their experience, reputation, and track record in securing commercial loans. Asking for recommendations and conducting interviews can help borrowers choose the right broker for their specific needs. Why Consider Using a Commercial Mortgage Agent? There are several advantages to working with a commercial mortgage agent. These professionals have in-depth knowledge of the commercial finance industry and can provide valuable insights into the lending landscape. Unlike approaching lenders directly, brokers offer personalised service and guidance tailored to each borrower's unique requirements.A commercial mortgage agent excels in navigating the complexities of commercial loan processes. From assessing loan-to-value ratios to negotiating terms and conditions, brokers help borrowers understand the intricacies of commercial lending and secure the most favourable loan terms.Brokers also assist in customising finance solutions that align with borrowers' financial goals and objectives. Whether it's refinancing an existing loan or funding a new commercial property acquisition, brokers play a crucial role in structuring loan packages that suit borrowers' cash flow and business needs. How to Find the Best Commercial Mortgage Agent for Your Needs? When searching for a commercial mortgage agent, it's important to consider several factors. These include the broker's expertise in commercial finance, their knowledge of the local market, and their ability to provide tailored solutions for borrowers. Additionally, assessing the broker's communication style and responsiveness is key to establishing a productive working relationship.Interviewing potential brokers is a recommended approach to gauge their capabilities and suitability for your commercial property loan requirements. Asking relevant questions … [Read more...] about How a Commercial Mortgage Agent Can Help With Your Commercial Property Loan
Property price growth predicted across Australia
Confidence has returned to the property market in a big way, according to new forecasts from Domain.Domain has forecast house and unit prices to increase in both 2020 and 2021. These forecasts cover Australia as a whole and also the seven biggest capital cities (with Darwin being excluded). The bullish forecast shows that the property market has really strengthened since this time last year, when prices were falling in many places, especially Sydney, Melbourne and Perth.For home owners who had been reluctant to list their property in 2019 – now might be a great time to finally put your home up for sale.For buyers who had been thinking about entering the market – you might want to move fast so you can get ahead of any future price rises.Whether you want to buy an owner-occupied or investment property, it’s important you get a mortgage pre-approval before you start making offers, so you know how much you can spend.Needing a great deal?Hit the button below to arrange a conversation with our 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 Property price growth predicted across Australia
Property enjoyed strong recovery in late 2019
Property prices headed south in the first half of 2019, but bounced back big-time in the second half of the year. The national median property price fell 6.9% in the 12 months prior to 30 June 2019, according to CoreLogic.However, it rose 2.3% in 2019, thanks in large part to interest rate cuts in June, July and October.Australia’s two biggest cities were mainly responsible for the big turnaround in the second half of 2019.Sydney’s median price fell 9.9% in the year to 30 June, but rose 5.3% in the year to 31 December. Meanwhile, Melbourne fell 9.2% and rose 5.3% in the same period.The Hobart and Canberra property markets are currently at record levels in terms of prices. However, the other six capitals are below their peaks:Brisbane = 0.1% lowerAdelaide = 0.2% lowerMelbourne = 2.3% lowerSydney = 6.4% lowerPerth = 21.4% lowerDarwin = 31.8% lower2020 is a great year to buyHit 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 Property enjoyed strong recovery in late 2019
Stock returning to the market but how fast is it selling?
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?
Booms, busts and everything in between
Share on facebook Share on twitter Share on linkedinAustralia’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 backwardsSQM 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 loansIf 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 todayWe partner with over 50 lenders so you can find the perfect solution FollowFacebookLinkedinDo you have questions about mortgages or loans? Ask us in the comments below … [Read more...] about Booms, busts and everything in between
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