If you’re in the market for an investment loan there have recently been a lot of changes that you should be aware of. APRA, the governing body, have passed down to lenders a list of recommendations to ensure that they’re not “over-lending” to investors. These recommendations are being adopted by many lenders and they are tightening their lending criteria. Some lenders are decreasing their loan to value ratio (LVR) on investment loans, and our ability to negotiate rates has been reduced with many lenders for Read More +

Buying a property can be tough. There’s often lots of competition and you’re usually trying to do a million things – like have a social life as well as trying to see every open house on the weekends. And on top of all that, you’re negotiating with experts. If it all seems too hard, there is always the option to engage a Buyer’s Agent. Elaine Davies from Good Deeds Property Buyers has been helping clients find the right property and negotiate a sale for over Read More +

The RBA announcement on Tuesday has reduced the cash rate by 0.25% to 2%. This is the lowest it has ever been in Australia. NAB and Commonwealth Bank have passed on 0.20% of the reduction. Westpac and St George passed on 0.22%, with ANZ passing on the full 0.25%. How does your lender stack up? Call 0405 113 543 or email me to find out! We also know which lenders are offering discounts on what amounts, so if you want to see if you could Read More +

Interest rates are incredibly low right now. There’s talk of them going even lower in the next few months – but we’ll have to wait to see what our economy does and what the RBA decides to see if the speculation is right. In the meantime, if you have a mortgage, there’s a couple of things you should consider to take advantage of these historically low rates. Pay down debt Low interest rates mean that many home owners can afford to pay more off their Read More +

Things have just been crazy at Love Home Loans! And that’s exactly the way I like it. We’ve been writing new loans, re-financing, turning around applications in record speed and doing some great deals for our clients. People are excited about the property market and taking advantage of all that’s on offer. Prices are up, rates are down – things are looking good. One area that we have really seen clients enquire about lately, is people wanting to use equity from their home to buy Read More +

A great article from our friends at Good Deeds, Property Buyers, about an issue that is affecting many auction bidders at the moment. Take a read… Two weeks ago the NSW State Government suddenly announced that they were doing something about agents underquoting auction price guides. Isn’t this great? Finally the buyers will know exactly what the sale price will be before they bid!! Right? Read more  

This year really has started out as a bumper year in the property market. There’s lots of interest from buyers due to the low interest rates available, and supply is a little down so it’s a great time to sell. Real experts are predicting that property prices will continue to increase, particularly in Sydney, but not at the phenomenal rate they have been.  Last year Sydney property prices increased by 12.4%* , but the experts are predicting a steady 5-8% rise each year for the Read More +

The Reserve Bank of Australia has cut interest rates for the first time since August 2013. In one of the most closely-watched policy rulings since the global financial crisis, the RBA board lowered the 2.5 per cent cash rate by 25 basis points to a new record low of 2.25 per cent.   The move was designed to further stimulate business activity and household spending in the facing of slowing growth, low commodity prices and sluggish investment. By lowering the rate at which banks can Read More +

In the first meeting of 2015, The Reserve Bank of Australia announced the outcome of its board meeting and, as speculated, it has decreased the cash rate by 25 basis points. The official rate is now at 2.25%. In taking this decision it appears the Reserve Bank has reacted to growing concerns around employment, flattening property prices, affordability for first home buyers and the lowering inflation figures. This decrease is likely to spark a fresh round of competition amongst lenders so it is a great Read More +