Buying off the Plan, consider a Deposit Bond

Before signing an “off the plan contract”… So you have found the perfect location for your future home or investment property, then decide buying off the plan will get you a new residence with the ability to pick a number of the fixtures and fittings.  All you have to do is sign the contract, pay a deposit and have the money available for settlement at a future date, usually 18 months into the future. The…

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Subject to Finance – How Long Does it take in 2018

Your Property Search has begun So you have started looking at properties for sale on realestate.com.au and have saved a good deposit, with your current Bank so signing a purchase contract “subject to finance” for 14 days is the smart way to proceed, right ? Well thanks to the Banking Royal Commission the term “subject to finance” has seen the whole Banking Industry become very conservative, with every possible policy and process to be completed before your…

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Time to stop Renting

Good Rental history is a great start to Home ownership The discipline of making regular rental payments, is no different to the fortnightly commitment to meet your Home Loan payments. In fact, most Banks will look at the last 6 months of rental history to evidence good conduct, with no late payments and it can also count towards your capacity to repay a mortgage.  If you are paying rent, contributing to superannuation and have a…

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New Car versus Home Loan Repayments

New Car vs Paying off your Home Loan When it comes to buying a car, a great saying is “buy the cheapest car, your ego can afford” . Everyone has an earning capacity and for most of us, it is a set amount each week/month via a wage or salary.  It is this Income that determines our lifestyles and our monthly budget, allows us to save or grow our wealth.  Most Australians accumulate wealth through their compulsory…

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