Think getting a loan for an investment property will be as easy as your home mortgage? Well, think again. Currently, lenders are more cautious. Following the fallout of the Haynes Royal Commission into banking they’re making property investors jump through more hoops than ever to get an investment loan, yet they’re keen to help first home buyers…
Articles by Rita Thomas
is a Property Strategist with an accounting background and over 30 years’ Commercial Banking experience. She is a passionate property investor who enjoys helping her clients create wealth through property investment using Metropole’s strategic approach.
Visit www.MelbourneBuyersAgent.com.au
To sabotage means to deliberately destroy, damage or obstruct something. No one wants to do that when it comes to their finances, do they? But the reality is that many people do without even realising it. How do they do that? For starters, they have too much bad debt when they’re applying to borrow good…
With so much negative news at present it was good to see that Australian employment increased in January to a record 12.4 million. In fact over 210,000 full-time jobs were created over the last year lifting the level to a record high of over 8.25 million full-time jobs. And when people are confident about their employment they…
You know those people who are always waiting for the optimal time to buy a property? They either wait and wait until everyone else starts buying or they wait and wait and ultimately do nothing at all. The thing is each of those strategies is as silly as each other. You might think that is a…
If you applying for a new credit card or plan to raise the credit limit of an existing card to cope with your Christmas spending spree you could be in for a shock. The screws are being tightened on Australia’s debt obsession. As of 1 January 2019, new credit card limits will be based on what you can afford…
Do you know your credit score? According to a study by finder.com.au, two-thirds of the nation’s population have no idea what their credit score is. Your credit score is a number from a credit bureau that sums up your credit position. It is calculated using the information on your credit report. As someone interested in property…
Apparently Aussies are committing hundreds of billions in financial fraud. finder.com.au, reports that millions of Australians are being untruthful to save a buck. One in ten Aussies (10%) admit to lying on a finance application in order to secure credit, meaning more than $220 billion1 in finance could have been applied for under false pretences. The…
How much are you going to spend on Christmas gifts this year? For many Australian households it’s the most expensive time of the year and in the end many will be saddled with credit card debt in the new year. A new nationwide research survey of 1,027 Australians, conducted for debt solutions provider Fox Symes…
When it comes time to buy an investment property, there’s a minefield of decisions and processes to navigate. It can seem time-consuming and complicated, which is one of the reasons why people delay investing in property in the first place – because they can’t find the time to make the right decisions from the outset….
How much do you help your children financially? And I don’t mean when they’re young and can’t fend for themselves. How much do you help your adult children financially? According to finder.com.au, more than 5 million Australian parents are helping their adult children financially’. Their new survey found one in six (61%) parents – equivalent…
