Property development finance

Australia’s population is growing at a fast pace With the population of Australia growing and the demand for housing (and other properties) often outstripping supply, the construction of more housing is required to meet Australia’s need. So what is the solution? It is obvious really, we need more development. We need private individuals or companies/entities […]

COBA concerned about vertical integrated mortgage brokers

The post COBA concerned about vertical integrated mortgage brokers appeared first on Oak Laurel. The Customer Owned Banking Association has raised concerns about mortgage brokers in a submission to the parliamentary inquiry The Customer Owned Banking Association (COBA) has raised concerns about mortgage brokers in a submission to the parliamentary inquiry into home ownership. COBA’s concerns include a […]

Can i get a loan on a 457 visa

Can i get a loan on a 457 visa A common question that 457 visa holders ask when they come to Australia is “Can i get a loan on a 457 visa?“. The answer is yes, you can get a home loan whilst on a 457 visa! But it is best to get professional help. Some lenders […]

95% Investment property loans; 90% LVR Investment loans

The post 95% Investment property loans; 90% LVR Investment loans appeared first on Oak Laurel. 95% Investment property loans; 90% LVR Investment loans: What is the maximum loan to value ratio for investment property loans – July 2015 NOTE: Bank policy is now in a state of change this information is only valid at the […]

RBA: further interest rate cuts likely – July 2015

RBA: further interest rate cuts likely – July 2015 appeared first on Oak Laurel. Reserve Bank of Australia (RBA) Governor Glenn Stevens stated the further interest rate cuts remains “on the table” In a speech to the Anika Foundation Luncheon in Sydney on 23 July 2015, the Reserve Bank of Australia (RBA) Governor Glenn Stevens stated […]

COBA concerned about vertical integrated mortgage brokers

The Customer Owned Banking Association has raised concerns about mortgage brokers in a submission to the parliamentary inquiry The Customer Owned Banking Association (COBA) has raised concerns about mortgage brokers in a submission to the parliamentary inquiry into home ownership. COBA’s concerns include a misunderstanding of brokers limitations as far as lenders and products offered, obligations of the […]

New investment property loan rules: who are the losers

First home buyers buying an investment property will be big losers from bank policy changes First home buyers buying an investment property for the benefits of rental income and negative gearing will be big losers from the new lending requirements   Why would first home buyers buy an investment property? With prices already high in […]

House rents at record highs in Hobart, Melbourne, Sydney

House rents at record highs in Hobart, Melbourne and Sydney whilst Darwin and Perth showed decreases according to Domain rental report Hobart followed by Melbourne showed the greatest percentage increase in house rental prices in the March quarter, 3.1% and 2.5% respectively. The average weekly house rents in Hobart rose from$320 to $330 over the last […]

Australian property market 2015 forecast

The post Australian property market 2015 forecast appeared first on Oak Laurel. Australian property market 2015 forecast: Good news for borrowers and real estate owners The reserve bank of Australia may not have cut the cash rate today but another 0.25% rate cut before the end of the year appears likely if not inevitable. This […]

Median house price soars in Mt Waverley

Median house price soars in Mt Waverley by REBECCA DI NUZZO WAVERLEY’S STATUS AS A PROPERTY HOT SPOT HAS BEEN CONFIRMED WITH THE SUBURB RANKING AMONG MELBOURNE’S TOP 25 SURBURBS FOR THE BIGGEST GROWTH IN HOUSE PRICES. The median house price shot up 18.1 per cent to $980,000 in the year to March, eclipsing neighbouring […]