How to finance multiple investment properties in today’s market

The other week, I came across an article which confirmed a suspicion I’ve had about what many investors may be going through with their home loans right now…

Written by business reporter Stephen Letts for the ABC news site, he referenced mortgage comparison website Mozo who found that, “Mortgage holders who borrowed near their limit in recent years where finding it increasingly difficult to refinance their loans and were “trapped” with their current lender.”

Read More
Tim Russell
Why commercial loans can be a better option than residential?

The past couple of weeks have seen further changes to the major bank’s product lines off the back of increased scrutiny they’ve been exposed to via the royal commission.

Last week CBA confirmed they would be stopping their low doc residential loan product and this week Westpac and St George confirmed they would be calling stumps on their SMSF loans.

Read More
Tim Russell
What should you do? Buy a place to live or purchase an investment property?

It’s a conundrum that many people face right now, particularly with the property boom we’ve seen in Sydney & Melbourne over the past 5 years. That is, the decision to focus on saving for a place to live or perhaps to purchase an investment property instead.

I get asked this question a lot by my clients, so I thought I’d give you my two cents in case this has been something you’ve been thinking about recently.

Read More
Tim Russell
The 3 finance factors that will make or break a development

The May CoreLogic Home Index values came out last week noting the 8th consecutive month-on-month fall in property values nationally since the market peaked in September last year.

So if it wasn’t clear before, I think we can all now agree that we’re well and truly entered a new phase of the property cycle with the market effectively swinging around to be a flat, (I wouldn’t say depressed yet) buyer favoured environment where emotion is no longer much of a factor.

Read More
Tim Russell
Should you own or lease your office space?

Every business goes through natural cycles. The start is the most stressful time where money is flying out the door and there’s not much coming back in!

Eventually though, things start to become more established. Cash flow evens out and in doing so, one of the questions you might have is, “I love our office but why are we spending all this money on the lease when we could own it ourselves?”

Read More
Tim Russell
All you need to know about bridging finance

They say that purchasing your first property is the most stressful thing you’ll ever do. For those that have done it, I’m sure you’ll attest to this fact. However, in my opinion, your first property doesn’t compare to the eventual upgrade in which you need to sell your current property in order to move into a new one.

 

Read More
Tim Russell
What's ahead for commercial finance in 2018?

Similar to Australia’s recent 4-0 Ashes victory, it’s fair to say looking back at 2017 that commercial property markets had a good run!
 

So what’s ahead in 2018? Well, it’s always a bit of fun to make a few predictions at the start of the year and then look back later on to see how they panned out.

Below are my four predictions for what’s install for commercial markets this year…

Read More
Tim Russell
Why Bank Policy is Going to Matter Even More in 2018

Since the introduction of APRA regulations in 2015, the overall market has flattened due to tougher lending criteria resulting in borrowing capacities greatly diminishing.

There are no signs these regulations will disappear this year. However, what we have seen during this time, particularly over the last 6 months are smaller lenders, not governed by APRA creating niche policies to capture certain segments of the market.

Read More
Tim Russell
Three questions to ask before you refinance

The home loan market is constantly changing, with new and attractive deals coming up all the time. Refinancing can help you secure a more competitive interest rate, access the equity in your home, add features (such as an offset account) or consolidate your debts, but there are some important questions to consider before you get the ball rolling.

Read More
Tim Russell
The loan process: 10 steps you need to take in order to purchase your first property

When it comes to buying your first home it’s not just about going through the real estate sites, checking open homes and negotiating a price. If you don’t have your finance in place BEFORE you start looking, trouble is bound to follow.

This post will seek to outline the 10 steps involved in the lending and buying process, from the beginning right through to walking into your new home for the very first time...

Read More
Tim Russell
Why such fantastic growth for commercial properties?

Recently I had the pleasure of being invited to the Spring 2017 Raine & Horne Commercial Insights event. Hosted by Ray Hadley, the event included a number of brilliant speakers such as Nerida Conisbee from REA, Martin Lakos from Macquarie and Angus Raine, Executive Chairman for Raine & Horne.

Read More
Tim Russell