Is it time to buy Real Estate?

Hindsight is a wonderful thing, but it isn’t much help when trying to anticipate the best time to buy Real Estate. That said, by analyzing past data it is possible to expose telling trends and cycles. And right now, the trend is your friend.

Let’s take a closer look into three particularly interesting and current trends:

• Trend 1: When interest rate goes down, house price goes up
• Trend 2: Sydney Median House Price rises at 7% per annum
• Trend 3: Brisbane Median House follows closely behind Sydney Median House Price 

Sometimes simply understanding the mood of the market can give you the upper hand when buying…

In Brisbane, the current market’s mood is strongly characterised by two, in my opinion, needless worries.  

Worry 1: That rates are about to go up, making it difficult to afford a loan.

Worry 2: That Brisbane house prices have peaked and are about to fall, meaning that buyers will end up paying too much. 

When I first began in Mortgage Broking, over 17 years ago, only 10% of the market used mortgage brokers. The question was – “why would you use a one?” It was as if the reason to use a mortgage broker was because there was something “wrong with your credit”.

Today 60% of the market uses mortgage brokers and the question has changed – “why wouldn’t you use a broker?”

It’s primarily about trust.

STOP PRESS!  Positive Credit Reporting… 

In George Orwell’s book “Nineteen Eighty Four” the term doublespeak was coined. Specifically and deliberately deceptive, doublespeak makes a negative term sound appealing.  Positive Credit Reporting is doublespeak.

Go back only 5 years to 2012 and the talk was that “property price never went up”. Now the talk is that it (Sydney) has gone up too far.

The Reserve Bank and the banking regulator APRA are applying measures to slow the growth in investor lending.

You’ve Found Your Dream Home? Let Me Find Your Dream Loan ..

Working out what makes your dream home is one thing, but what really makes the “Dream Loan”? 

My job is to find the “perfect fit” for a loan that works with your life

When approached by new clients I often get asked,

Life evolves and so do our living needs. Relationships change, children appear, grow up (and stay increasingly longer at home), there may be times when we are single, employment opportunity leads to new places … the list is long and as varied as you can imagine…

Essential advice from Brisbane’s expert mortgage broker; Alan Heath of Mortgage Choice Brisbane CBD.  

Quite possibly the most debated issue faced when buying a property; ‘Should my home loan be Variable or Fixed? Let’s take a look at each broken down into some finer details.

The term cross collateralise means that one loan uses two properties as security. Why might this happen and why should you avoid it?

You have decided to buy an investment property. Your owner occupied residence is worth $500k and your home loan is now only $250k. You have what is called equity in your home. The usable equity is the available equity that a bank will lend against.