News and Blog

News and Blog

What Insurance do you need to know about when Buying a Property?

Dec 12th, 2017 • Industry NewsHome Loans

Income Protection

This type of insurance provides an income safety net should you become sick or injured and are unable to work and make your home loan repayments. You may also like to consider trauma/critical illness cover, total and permanent disability insurance and life insurance – that way if you are unable to go back to work, you won’t lose your home.

Mortgage Protection

Mortgage Protection insurance covers the cost of your mortgage repayments if you die, or become seriously ill. It should be noted that it is only meant to cover your mortgage repayments and not any other expenses for you or your family. It may be a wise choice if you already have some other kind of life insurance – say with your super plan.

Building & Contents

Building or home insurance protects against the cost of rebuilding or repairing your home from things that are outside your control, like fire or natural disasters. You can opt for total replacement cover (to rebuild your home as it was prior to the event), or sum-insured cover (coverage up to a certain amount). When you buy a home, your mortgage broker will most likely recommend that you insure the property before settlement day.

When choosing your policy, make sure you have the right amount of coverage, as well as the right type of insurance for your actual needs. Talk to us, as we are an invaluable source of information to help you determine this.

Contents insurance protects your belongings, including carpets, rugs and curtains, in events such as fires, storms or theft. Often it will be bundled together with home insurance. Many people consider it a must-have to protect from those smaller disasters – even a contained kitchen fire could render your home unliveable until you can repair the damage!

How can your mortgage broker help?

We can access some of Australia’s most respected insurance providers, and offer you a competitive price on your insurance needs. What’s great is that we can do it all - from setting you up with a home loan that meets your financial circumstances, and also help you to arrange the right insurance to protect you and your family. You’ll find we can offer a range of options and make it easy. You may also be able to save by bundling insurances together, so please get in touch today!

This article provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances. Your full financial situation will need to be reviewed prior to acceptance of any offer or product. This article does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.


What to look for in an investment property

Dec 11th, 2017 • Home LoansInvestments

Capital growth potential

Capital growth is the increase in value of a property over a period of time. Investors use a range of strategies to build wealth, and looking for the properties that are most likely to experience significant capital growth, is often high on their radar.

So, how do you find an investment property with solid capital growth potential? Look for locations and suburbs experiencing economic growth. Economic growth creates jobs, which brings more people to an area, which may flow through to the property market via increased demand for housing. Greater demand means more chance of capital growth.

Next, be sure to choose an investment property that is close to amenities such as schools, shopping centres and public transport – when an area is experiencing economic growth, these properties will be in the most demand.

Rental returns

Some investors choose to focus on properties with a high rental yield, rather than just looking at capital growth potential. The rental yield is the rate of income return compared to the costs associated with the investment property. It’s typically expressed as a percentage, and may be calculated as a gross or net figure.

Investors who are following a rental yield strategy will typically look for areas where rents are high compared to the property value. Talk to us as we have access to have access to exclusive property tools to help you locate a suitable area.

Low maintenance costs

As an investor, it’s wise to opt for a low-maintenance property. They not only cost less to keep, but they’re less hassle too. Units can be easier and cheaper to maintain than old houses for example, but keep in mind you’ll most likely have to pay body corporate fees.

Ways to add value

When choosing an investment property, ask yourself whether there is room for improvement, or ways to add value. You might not renovate it right away, but when you do, be sure to do plenty of research to find out what’s in high demand. Ask your local real estate agents what kinds of property features resonate well with tenants and future buyers in the area.

Choosing the right investment property requires careful research and planning. Luckily, one area you don’t have to worry about is finding the right investment loan for your specific needs. We can take care of finding you a loan product that matches your financial circumstances, while working with your investment goals. Please call us today!

We recommend that you seek independent financial and taxation advice before acting on any information in this article. It contains general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances.


Decoration Ideas for Christmas

Dec 8th, 2017 • Industry News

Create an unconventional tree

If you feel like a change this Christmas, why not invent your own tree? Pinterest has plenty of great ideas, like dressing up a ladder as a Christmas tree or using driftwood to create a rustic-looking tree display. Check out the effect here.

Go big with your light display

Instead of spending a fortune on the electricity bill with miles of rope lights, why not turn your pad into a light show spectacular the easy and inexpensive way, with cool options like Target’s Snow Flurry Lightshow Projector, which blasts a bright swirling display of snowflakes onto your home. Otherwise, you could opt for something more subtle. For example, you could line walkways with luminary bags or lanterns to create an ambient effect. Here's some inspiration.

Make your own snow globes

If you have small children, they are going to love this one! DIY snow globes are easy to make and a great way to create festive cheer. All you need is a small glass jar, a plastic figurine of something Christmassy, glycerin, glitter, water and glue. Simply glue the figurine to the inside of the jar lid, fill it with water and glycerin, add a couple of teaspoons of glitter, screw the lid back on and glue it down if necessary. There you have it, Christmas cheer in a jar! You can even make a winter wonderland terrarium by adding small twigs, pinecones, and cotton wool to the jar and leaving out the water.

Make merry in the throne-room

Why not dress up your toilet with Christmas cheer and give your guests something to talk about? You could make a Santa toilet lid cover and toilet mat, or if you really want to impress them with your Christmas cheer, invest in an LED toilet bathroom night light like this one, available on eBay. It’s motion activated, so your guests won’t have to stumble around in the dark looking for the light switch.

Jazz up your front door

Have you heard of Christmas front door covers? We hadn’t either, but apparently you can give your house a Christmas facelift with a front door mural. There are some really high-quality designs available, and what’s great is that they are removable and reusable. Banners come in all different colours and feature everything from the big man in red to Christmas trees and nativity scenes. Click here to check them out.

What else would be fun for Christmas?

How about a new family car, boat or a jet-ski? Buying that dream home or investment property you’ve always wanted would also be a great reason to celebrate with your family.

We are here to help you have yourself a merry little Christmas indeed, with a loan for a new home or investment, or tailored finance to fit your other purchasing needs. Please give us a call today!

RATES ON HOLD

Dec 6th, 2017 • Industry News

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.

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