Private sale is where have to negotiate with the vendor’s agent (the Real Estate Agent) and arrive at an acceptable price to both parties, resulting in a contract of sale being signed.

Generic process:

• Get a statement of advice from your Financial Planner.
• Have your accountant set up the SMSF Trust for you. Ensure that the trust deed enables borrowings.

Click here to see some of our Panel Lenders’ most competitive fixed rate loans. The best rate from our lender panel this month is: 2 year fixed rate 3.69% – NAB – First Home Buyers Special (Interest rates are for Loan sizes over $250,000. LVR and other conditions may apply) Email us if you would […]

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.

LMI is a one-off, upfront insurance premium that is generally payable when you borrow more than 80% of the property value. It does not protect you as a borrower. It protects the lender in the event that you default on the loan, and they have a shortfall in funds after selling the property.

How much can I borrow?
There are three main considerations that must be taken into account when you are looking to borrow money for a home purchase, and they are:

DAY 1 We receive loan application and supporting documentation. DAY 2 We compile and submit your application to the lender. DAY 3 Lender performs credit reference check and other basic checks DAY 5 Conditional Approval DAY 8 Valuation is received & conditions of approval are met. DAY 10 Unconditional Approval DAY 13 The Lender or […]

Construction Loans Insurance Examples

If you have selected a Fixed Rate home loan, the fixed rate that will apply will be the advertised rate on the date of settlement

Finding a property can be a challenge, especially when you have so many different considerations to take into account. Give yourself a head start through determining your ‘must have’ features compared to those you could possibly live without.