There’s no doubt that securing a mortgage for a home is an involved process, with lots of paperwork, assessment and hoop-jumping. But generally speaking, you’ve got a decent deposit on a solid property that’s worth what you’re paying, no credit blemishes on your file and a good salary to meet repayments. You know how much…
Articles by Andrew Mirams
Andrew is a leading finance strategist who holds a Diploma of Financial Planning (Financial Services). With over 27 years of experience in finance, Andrew has been acknowledged by the mortgage industry with multiple awards.Visit www.intuitivefinance.com.au
The thing about property investing is that eventually you, or your beneficiaries if you hold for the extremely long-term, will likely have to pay Capital Gains Tax (CGT). WHAT IS THE CAPITAL GAINS TAX? HOW MUCH IS IS THE CAPITAL GAINS TAX? HOW TO CALCULATE YOUR CAPITAL GAIN? HOW TO AVOID THE CGT BY LIVING…
Buying your very first home can be both an exciting and daunting process. Navigating the maze of finance, home loans and the property market can be challenging for even seasoned investors. So how are the newcomers meant to get their foot into the property market? The good news is there are lots of options and…
Like me, you’ve probably been following the monthly median price results for property markets around Australia with keen interest. What a difference a year makes! If you cast your mind back to this time last year, we were faced with a vastly different environment – monthly declines, very low levels of activity, a blow-out in…
Buying your first home is a rite of passage for most young Australians. Having a place to call our own is a key part of our psyche so it’s little surprise that first homebuyers are prepared to put in the hard financial yards to turn that dream into a reality. Buying your first home can…
You’d think by all of the media coverage on low interest rates and strengthening property markets that lending was equally as shiny at the moment. Sure, it is much better than it was a year or two ago, when lending was restricted, mainly because of stringent policies instigated by APRA (Australian Prudential Regulatory Authority). These…
When you’re buying your very first property, it can be easy to get caught up in the excitement of it all – as well as how overwhelming it all can sometimes feel. You know how much you’ve been pre-approved for and you know roughly what your mortgage payments will be. So, you start making a financial…
First home buyers will need to move quickly if they wish to benefit from a new government deposit scheme. The Federal Government’s First Home Loan Deposit scheme comes into effect on 1 January next year. The caveat is that there are only enough funds to help about 10,000 first home buyers, which means it really…
Imagine being paid by your bank to take out a mortgage for your next home purchase? It sounds like a pretty laughable scenario – pie in the sky sort of stuff that would never eventuate. Except it has in Denmark, where Jyske Bank is offering 10-year home loans on a -0.5 per cent interest rate….
There’s nothing quite like an interest rate cut to inspire borrowers to shop around for a better home loan deal. And why not? The Reserve Bank of Australia has taken the official cash rate to a record low of 0.75 per cent, and while banks haven’t passed on all of those cuts, they’ve slashes the…
