Australia’s housing market is one of the most expensive in the world. According to Demographia’s International Housing Affordability (2022), Sydney is the second most expensive city to buy a house in. Fifth on the list is Melbourne. Data shows that if you live in Sydney,
What is LVR? LVR is one of the staple terms in the world of loans, banking, and brokerage. LVR simply stands for loan-to-value ratio, or sometimes, people would call it LTV. It pertains to the amount you borrow against the value of the property. This
After its meeting on the 3rd of May 2022, the Reserve Bank of Australia (RBA) lifted the official cash rate to 0.35%. In November 2020, the RBA set the official cash rate at a record low of 0.1%. By that time, the RBA announced that
The most common path investors take when they start their property investment journey is the direct ownership path. Rental homes and apartments are among the top choices. In its most basic sense, direct ownership makes a profit through rental income which an investor uses to
Data from April last year showed that housing prices surged up to 2.8% compared to the following year. This record-high raise was last seen in 1988. And usually, this phenomenon is met by what the young ones call FOMO or the fear of missing out.
If you are a business owner or have your own property, then a caveat loan may be an option to meeting your financial needs. Essentially, it’s like having a second mortgage, except for the short term. The loan is secured by using your business or
With the recent announcement of various new initiatives in this year’s Financial Budget. First Home buyers are offered some relief to help them enter Australia’s red hot property market. Treasurer Josh Frydenberg told the parliament that there will be 3 key measures to assist first
One of the most confusing parts of the process for first home buyers is the difference between the various types of approvals. Most commonly, when you are looking to obtain finance to purchase a home, there will be two separate approvals that you’re likely to encounter, and it is vital that you understand the differences between them.