Good Mortgage Brokers Go Out of Their Way for Your Property Purchase

Graeme Salt Broker 2, News Leave a Comment

Around 60 per cent of Australians use mortgage brokers to purchase property.  These borrowers are learning that they are often better off getting a mortgage expert to source their loan than just going into any-old bank branch. According to research from Ernst and Young, borrowers who used brokers to arrange their loans did so because they perceived: It is more …

The Soap Opera of Today’s Home Loans

Graeme Salt Broker 2, News Leave a Comment

Not long ago there were only two sorts of home loan; fixed and variable.  But now, borrowers can be very confused as to what sort of a loan banks will offer them. The situation now is as complicated as the old ‘80s sitcom Soap, whose catch-cry was “Confused? You won’t be after this week’s episode of Soap.”  Today’s borrowers may …

If You Want a Low Rate, You’ll Have to Be Good

ofadmin Broker 2, News Leave a Comment

The recent changes in home lending that borrowers have experienced are tiny to what will happen in the next few years as the banks radically transform the mortgages they offer. Until recently, the differences between lenders was not that much more different than, say, Holden v Ford.  But, some changes are afoot that will make some of us bigger winners and …

Are Interest-Only Loans Now Dead?

Graeme Salt Broker 2, News Leave a Comment

There was a time when property owners were advised that their investment loans should be interest-only and the loan on their own home should be principal and interest.  But now some experts think that borrowers should radically change their loan structure. The logic used to be that, as home owners were paying their home loan with after-tax dollars, they should …

George Orwell and the Australian Property Market

Graeme Salt Broker 2 Leave a Comment

The Winners and Losers in a New World School was a happy time for me, but I found Animal Farm a rather scary book.  And, while I am stretching it a fair bit, there are some revolutionary changes happening in our property market -which relate to Orwell’s classic. Four legs good.  Two legs bad. Owner-occupiers good.  Investors bad Lenders are …

Sushi’s Impact on the Australian Property Market

Graeme Salt Broker 2 1 Comment

My kids love sushi. Nori rolls, babycino, gado gado are all part of their culinary lexicon – just as much as white bread and vegemite. Without knowing it, my kids demonstrate why the future for the Australian property market is strong – even if there is not that much growth left in the East Coast. Asian born Australians are the …

First Home Buyers 4: Investors 0

Graeme Salt Broker 2 1 Comment

Recently, Australia’s two largest states have announced generous packages for first home buyers.  And it has become much tougher for investors to get finance. First home buyers have long been crowded out of the market and these recent changes will make it much easier for them to get on to the property ladder. In NSW, first home buyers can now …

At Some Point Will We Run Out of Money?

Graeme Salt Broker 2 Leave a Comment

The last few days have seen a cavalcade of inconsistent headlines. First, ANZ and CBA announced initiatives that will make it harder for property buyers to get finance.  CBA’s lending changes were particularly tough; its interest rates will not be as competitive; for many loans it will only lend 80 per cent of the property value (down from 95 per …