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4 Ways To Reduce The Risk Of Investing In Property

4 Ways To Reduce The Risk Of Investing In Property

1. Get an independent valuation This is the best tip for buying any property, anywhere in the world. Whilst a $50 online valuation might give you an idea, a full $300-500 valuation, complete with comprehensive property inspection, will almost guarantee you don’t overpay. 2. Get a building inspection If you’re not in the building trade you need to get a full…read more →

Lender love this application

Lender love this application

1. Good repayment history On March 12 2014, Australia changed to a positive credit reporting system which means that lenders are now able to access more information on your credit report. These changes were implemented so lenders can get a better insight into a person’s financial position to ensure they would be able to meet the mortgage repayments. One of…read more →

What is Stamp Duty?

What is Stamp Duty?

What is Stamp Duty? Today, it means a tax which is imposed on numerous acquisitions most prominently including the selling of real estate. Stamp duty can also be imposed on home loans, some insurance, and gifts. The transaction is charged with duty based on the greater of the market value of the property, or the price paid – including any…read more →

5 Insanely Simple Ways To Nab A Good Deal

5 Insanely Simple Ways To Nab A Good Deal

Haggling over prices and knowing what to pay can be daunting for start-out property investors, but armed with the right information you can negotiate yourself a great price. #1. Sticking to a budget One of the most important aspects of negotiating is knowing what you have to spend. By having strict rules as to what you can afford it will…read more →

You credit report changed

You credit report changed

from today, your veda credit history changed! Read and share the important piece of information!!! * Information about your monthly repayment conduct (i.e. whether or not you have paid on time) over the past two years can now be reported. * If you apply for credit, the decision (declined or approved) by the credit provider can now be reported. *…read more →

Secrets you need to know when buying

Secrets you need to know when buying

1. If demand exceeds supply, buyers will quickly snap up available property so the amount of time a property spends on the market decreases resulting in low DOM. 2. Sellers will drop prices to attract buyers if demand is weak. So a low discount means demand is actually strong. 3. A high auction clearance rate means demand from buyers is…read more →

Self employed – What is a low doc home loan?

Self employed – What is a low doc home loan?

A mortgage created for the self-employed. If you’re self-employed, you may have found it difficult to get a traditional mortgage. Don’t despair. The low doc home loan has been designed specifically for the self-employed. The dilemma of the self-employed If you’re self-employed, the goal of your accountant is to minimise your taxable income. Unfortunately, while this means you pay less…read more →

Should I have fixed rate, variable rate or split rate?

Should I have fixed rate, variable rate or split rate?

When you take out a mortgage or home loan, you can choose to have an interest rate this is fixed, variable, or split (a combination of the two). There is no right or wrong option – it all depends on your circumstances. Fixed rate home loans With the fixed rate home loan, the interest rate on your mortgage doesn’t change…read more →

Bank valuations vs market value: what’s the difference?

Bank valuations vs market value: what’s the difference?

When you apply for a home loan, the bank will value the property to determine the market value, right? Wrong! While it’s true that when you apply for a mortgage, your bank will place a value on the property you’re buying, the figure they come up with is not necessarily an accurate representation of the property’s value.   “Banks are…read more →

A moment with Dr Kiran Bedi in Sydney

A moment with Dr Kiran Bedi in Sydney

It was an absolute pleasure to meet an iconic woman who empowered millions – Shamim Anwar She is a women of many talents – India’s first female police officer, lecturer, author, TV & Radio host and tennis champion. As India’s first and highest ranking female police officer, Dr. Bedi has received numerous international awards and commendations, including MSN Most Admired Indian Female…read more →