Since legislation changed in September of 2007 enabling Self Managed Superannuation Funds (SMSF’s) to borrow for the purpose of acquiring property, this form of investing in property has slowly grown in popularity.
While most people focus solely or predominantly on rates and fees when deciding on the appropriate loan, there are many other factors that should be considered and too often aren’t. For more sophisticated investors, including those with several properties, high income borrowers and those investing in commercial properties, this is even more so. Below are some of the more important factors in choosing a loan that are often ignored at the detriment of the borrower:
Mortgage brokers are reporting a spike in borrowers switching to fixed-rate loans. With interest rates being so low, and possible further cuts to come, borrowers are looking to snap up the low rates on their loans for fixed terms while they can get it.
There are fresh hopes Australia’s recently hard-hit export and manufacturing industries might get relief with the recent slide in the Aussie dollar, and further falls predicted.
Planning Minister Matthew Guy began implementing the new planning zones for Victorian Councils this week.
Today’s jobless figures have revealed a higher than expected unemployment rate.
New research shows that the first 30 days after a new property is listed for sale are the most crucial. It’s during this 30 days that the property will have its most views.
Strong auction sales and rising prices in Melbourne’s easten suburbs have undone the falls and slump of 2010-2012.
Interest rates today took another quarter of a per cent drop, stooping to their lowest levels since 1959.
An improving housing sector has been reflected in new Bureau of Statistics figures that show an increase in home loan approvals.
