Home loans

Home loans The amount you can borrow will depend on your circumstances including:  Your income(s)  The amount of your other loan repayments and other commitments  The amount of the deposit (cash or equity) you have  Your eligibility for any grants or rebates such as the First Home Owner Grant or Stamp Duty […]

Home construction loans: how do construction loans work

The post Home construction loans: how do construction loans work appeared first on Oak Laurel. Construction loans Building your dream home can be an exciting experience. Taking an idea and turning it into reality can be a rewarding experience if done right. When you build your own home you can decide how you want it […]

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 […]

Concerned about vertical integrated mortgage brokers

This post appeared first on Oak Laurel. Concerns about mortgage brokers in a submission to the parliamentary inquiry The Customer Owned Banking Association (COBA) has raised concerns about mortgage brokers in its submission to the parliamentary inquiry into home ownership. The Customer Owned Banking Association’s raised a number of issues including potential for consumers to misunderstand broker limitations in […]

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

  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 time of writing 29 July 2015. Bank policy has been changing recently. Some banks […]

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 […]