Property
U.S House Foreclosures
Saturday, July 19th, 2008There has been a lot of media coverage about ‘Foreclosures’ in America. There were reports of houses selling for less than the price of a car…So what exactly is happening in America – How come the house prices are so low but still there are no buyers.. What Is Foreclosure When you purchase a home, [...]
Current Mortgage Interest Rates
Saturday, July 19th, 2008The official interest rate is currently at a 12 year high of 7.25 per cent. Usually whenever RBA rises official interest rates, banks follow suit and increase the standard variable home loan rate. Lately however the banks have increased their interest rates independent of RBA. This calendar year, RBA has increased interest rates twice but [...]
Ten Point Checklist To Help You Pick The Right Mortgage Broker
Thursday, July 17th, 2008When financing your home you can either go straight to the lender or go to the lender through a mortgage broker. If you are planning to go through a mortgage broker, here is a checklist that can help you pick the right mortgage broker: 1. Accreditation And Qualifications: The mortgage broker has to be a [...]
Home Warranty Insurance Scheme
Monday, July 14th, 2008Home Warranty Insurance is also known as builders’ warranty or home indemnity insurance. This is a mandatory insurance in all states. A builder who is renovating or building a new home has to take this insurance. The builder takes the insurance and passes on the cost of this insurance to the client. Before the construction [...]
Interest Only Home Loans
Saturday, July 12th, 2008Lately, the number of people taking out interest only home loans has been on the rise. With the normal loans you are paying off the interest and a small part of the principal every month. As you are repaying a small part of the loan every month, you are building equity in your home. This [...]
Real Estate Investment Trusts (A-REIT)
Friday, July 11th, 2008Real Estate Investment Trusts were previously known as Listed Property Trusts. These are listed investment trusts with investments in property. There are around 70 A-REITs on Australian Stock Exchange. The property sectors in which these trusts invest are: * Industrial – investment in warehouses, factories etc * Office – investment office buildings * Hotel/Leisure – [...]
Online Resources For Your Property Search
Wednesday, July 2nd, 2008Here are some websites that can help you in your next property search… 1. RealEstate.com.au: This website has a huge database of property listings. These days most agents and private sellers list their property on this website. You can search by price range, postcode, house type or suburb. You can even get property listing information [...]
First Home Savers Accounts
Tuesday, July 1st, 2008Another initiative announced in the Federal Budget 2008 is the ‘First Home Savers Accounts’. This initiative will help a lot of families who are struggling to save up for the deposit needed for their first home. ‘First Home Savers Account’ provides its account holders a tax effective way of saving for their first home. Who [...]
Defence Housing Investment Properties
Wednesday, June 11th, 2008Should you or shouldn’t you invest in Defence Housing Investment properties…read this before you make up your mind.
Mortgages – How Much Can I Borrow?
Thursday, May 29th, 2008Unless you have been living in a cave or in some remote desert, you would have heard of the global credit crisis. It is also called the sub-prime crisis. Sub-Prime lenders lend to people who do not qualify for a prime loan (or a mainstream loan)…One of the primary reasons they don’t qualify for a [...]
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