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Blog Page 4

Why Developers need to be proactive with pre-sale contracts and purchasers

by Anthony Alabakov on September 19

It’s well documented in the media how the recent APRA and bank policy changes will affect pre-sales contracts and purchasers who entered into a contract more than 3 months ago. We are advising many of our developers who are in this situation to be proactive with these purchasers in ensuring at settlement they can meet […]

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Changing lending landscape

by Anthony Alabakov on August 15

Currently over 55% of all new mortgages with lenders are introduced by brokers. This statistic has increased dramatically over the last 5 years and with the recent lender announcements, increasing interest rates for new AND existing clients, it’s an important time now more than ever to consider reviewing your current arrangement or consider different lenders […]

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Self-Employed Home Loans

by Sean Murphy on

Hey Again, I wanted to share some information on Lo-Doc lending, or loans for self-employed borrowers. There’s no secret that being Self-employed can often pose challenges when trying to secure finance from a bank to buy a home, or consolidate some debt through refinancing. As a small business owner you are trying to run your business, […]

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New investor changes – how it has impacted lending

by Anthony Alabakov on July 20

Interesting data has just been released suggesting the new investor lending regulations may have started to reduce banks’ exposure closer to the levels required by APRA, as home loan approvals are at their lowest levels since August 2013. Many lenders such as NAB, Westpac, BankWest have capped investment lending to 80% of the value of […]

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How much of a deposit will you need to buy Land?

by Sean Murphy on July 18

There is a lot of hype in the media about the Melbourne and Sydney property markets. After the investors surge in Melbourne over the past couple of years we have seen the prices of property within close proximity (15-20k’s) of the city shoot beyond the grasp of a good portion of first home buyers. Has […]

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New Investor guidelines – what does it mean?

by Anthony Alabakov on June 17

New investment lending guidelines In late 2014, the Australian Prudential Regulatory Authority (APRA), Australia’s banking regulator, issued communication to all Australian Depository Institutions (ADI’s – banks who accept deposits) outlining steps they would need to take to provide sound residential mortgage lending, focusing on investment loans. This is due to the dramatic increase in investor […]

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