Newsletter

2022 October 21st – Your Finance News

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Over the past few years through the pandemic, health professionals have been amazing in their support for the community.
This newsletter we look at how these professionals have been recognised by a number of our lenders with their lending policies.

Property prices have fallen nationally and rental property in tight supply. For Self Managed Super Fund investors, this could be a good time to consider residential property. 

The Regional First Home Buyer Guarantee (RFHBG)  become available from 1 October 2022 to assist aspiring first home buyers living in regional Australia achieve their dreams of home ownership sooner.

As always, if you have any questions regarding your current loans or future finance needs, feel free to email advice@equityvision.com.au or click the button below to book an appointment.
Book an Appointment
LMI Waiver for registered Nurses and Midwives.
 
Lenders Mortgage Insurance (LMI) can be a major expense for borrowers when applying for a home loan. Achieving a 20% deposit required to avoid LMI can potentially take years, delaying home buying plans.

For Allied health professionals, we have lenders waiving LMI for qualifying clients who can provide a 10% deposit.
The list of approved professionals has now been extended to include Nurses and Midwives.

With the combination of falling property prices and an LMI waiver, now may be the right time for health professionals to consider your next property purchase.

There are also waivers available for Accountants and Lawyers.
Contact us to check if you qualify and find out more.
Book an appointment to discuss LMI waivers
 
Australian property values are softening as rising interest rates and inflation take their toll. However, the cyclical nature of the property market means there may be plenty of opportunities for SMSF investors. 

Many regions are experiencing tight rental markets, which in combination with falling prices, is driving up yields

SMSF Investors are well positioned to take advantage of current market conditions due to a number of specific features.
  • SMSF’s typically buy middle market property which are where rental demand is high
  • Rental returns are increasing due to record low vacancy rates;
  • SMSF’s are less affected by inflation because mortgage repayments aren’t made from take-home pay
  • SMSF’s investments are, by definition, a long-term retirement investment
If you would like to discuss your SMSF loan options, please contact the EquityVision office on 03 8372 0775, email advice@equityvision.com.au or book an appointment using the button below.
Book an Appointment
The Regional First Home Buyer Guarantee (RFHBG)  become available from 1 October 2022 to assist aspiring first home buyers living in regional Australia achieve their dreams of home ownership sooner.

With a deposit as little as 5% of the property value, eligible customers can buy or build a property in a regional area without paying Lenders Mortgage Insurance (LMI)

There are 10,000 RFHBG places made available in each financial year until 2025. The scheme is available through 38 different lenders, so we are sure to be able to find a great deal for qualifying clients.

There are Eligibility Requirements:
  • You must be an Australian citizen and at least 18 years old
  • You must not have previously owned a home 
  • You must buy outside of a capital city area
  • You must have been living in the region where the property is located, or the adjacent area, for 12 months
  • Your annual income must not exceed $125,000 for individuals or $200,00 for couples
  • The price of the property must not exceed the caps, for Victoria this is $800,000 in a regional centre or $650,000 in other regional areas
  • The property must be purchased as a principal place of residence, not as an investment.
Book an Appointment to discuss FRHBG
We have recently updated our business Facebook, Instagram and Linkedin pages.
Our business is built on referrals from our clients, for users of these platforms, we would love for you to click the links below to follow our pages, stay in touch, and to refer your friends and family.

Kind regards,
The team at EquityVision 
Your Mortgage and Finance Brokers
Suite 6 / 296 Bay Road Cheltenham VIC 3192
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Michele Mansfield (CR No.399836) and Alisha Perry (CR no.502031) and Damien Hauser (CR no.516645) are credit representatives of Buyers Choice Licencing Pty Ltd (Australian Credit License No. 509484).
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