News

The Reserve Bank says homeowners have used between 50 and 90 per cent of the money saved from ongoing interest cuts to pay down their mortgages ahead of schedule.

The RBA has warned banks to maintain their lending standards while record-low interest rates fuel demand for new home loans.

Self managed super funds (SMSFs) are all the rage at the moment, people are increasingly keen to get more control of their super to avoid super fund costs and poor investments. One of the biggest advantages of SMSFs is that you can use your super to invest in property.

1. Look for an eager vendor

A vendor under distress is the most obvious component of a cheap purchase. There is no moral high ground here– often it’s a case that the seller needs a quick disposal and is willing to cut back on the price in order to move the bricks and mortar on.

No finance, no investment. It’s that simple. So how do you get the bank to say yes to your mortgage application each time you ask?