Useful Tips

Here are links to all of EquityVision Tips.

If you find them useful, you're welcome to share with your friends.

We’re often adding to the list and updating them, so if there is a Tip you’d like to see, or if you have some feedback on an existing one, We’d love to hear from you. Email us at advice@equityvision.com.au

Fixed Rate Loans
May 27, 2018

A fixed rate loan means that for a set period of time the interest rate that you pay, and therefore your monthly repayments, remain the same.

The time frame is commonly 1 to 5 years, however longer terms are available.

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Auction tactics
February 24, 2018

An auction is conducted in public on a date set by the vendor. If you intend to make a bid, you or your representative will have to attend the auction to make an offer. You will win the auction if you’ve offered the highest bid above the vendor’s reserve price. If all bids are under the vendor’s asking price, the property is “passed in” and the auction is finished. Private negotiations will then usually take place with the auction’s highest bidders.

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Business Insurance & Contacts
February 24, 2018

There are so many things in life to think about these days! Insurance is so important for peace of mind, however it is not always top of mind.

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Sale & Purchase Costs
May 13, 2018

When you buy and sell properties there are many costs that you need to budget for, and it’s not only ‘how much’ but ‘when’ that you need to consider.

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Self-Managed Superannuation Funds Diagrammatic Representation of Borrowing
June 12, 2018

The purchase price will consist of the loan and other amounts provided by the Superannuation Fund.

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Negative Gearing
May 6, 2018

A negatively geared investment property is one where the cost to own and maintain it (loan interest, council rates, maintenance etc) are higher than the rent received. The net outgoings create a loss that is usually an allowable tax deduction.

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How to make the most of a Free Redraw loan
May 13, 2018

Work out how much ‘cash’ you need each pay period ($A).
Get your payroll department to deposit $A into your bank account and the balance into your Home Loan.
Pay as many bills as possible by credit card.
Redraw from your loan to pay your credit card and other bills as required.

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Pre-Approved loans
May 7, 2018

A loan pre-approval is written confirmation that a lender has reviewed you and your current financial position and is prepared to lend you money up to the pre-approved loan amount.

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Comparison rates
May 5, 2018

Comparison rates are a legislated requirement for lenders to provide to home loan consumers.

All credit providers must give a comparison rate when they advertise a rate or a weekly payment for home loans. The comparison rate includes the interest rate or weekly repayment amount, plus most fees and charges.

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What costs are there when buying a property?
May 5, 2018

Stamp Duty
Conveyancing
Moving
Building or Contents insurance
Lender application fees
Building inspection, pest inspection and strata reports
Proportion of Rates/etc at settlement

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