Category Archive for "Commercial"

Credit Card

Does a credit card really affect borrowing power?

I recently met a young couple who had come to see me to help them sort out their mortgage. They had been diligently working towards their home ownership dream for several years by saving money for a deposit, keeping their...
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Living Expens

Why do banks need to know about my living expenses

Being assessed for a home loan can sometimes feel a bit like a police interrogation – all that the paper-based third degree is missing is a swinging overhead lamp in a small, dingy room! But banks want to know absolutely...
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Cash Flow

Positive Gearing – How to Create Positive Cash Flows

It’s said that cash flow is king and managing it as part of your wealth-building strategy is essential. In the world of property investment, we hear a lot about negative gearing. On the other side of the ledger, however, is...
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Surveyor Engineer With Partner Making Measure On The Field

Land Surveying – what is it and why is it important?

There are a range of property professionals at your disposal and, in most cases, you’ll recognise them by name. But while you may have heard of a conveyancer, project manager, buyers’ agent or mortgage broker, you may not fully understand...
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Lenders Mortgage Insurance

Lenders mortgage insurance (LMI) explained

Are you motivated to get into the property market but haven’t had the time to save a suitable deposit? Are you self-employed and struggle to prove to lenders you have a stable income? If you answered yes to either of...
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Credit Score

What do lenders mean by a good credit score?

When you first embark on home ownership or property investment, you come across a variety of unfamiliar terms. There are loan-to-value ratios, unconditional contracts and credit scores to learn about. In this article, however, we’re going to focus on what...
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Depreciation Schedule

What is a tax depreciation schedule and how can it change your tax return?

I recently met with Marty Sadlier and Mike Mortlock of MCG Quantity Surveyors www.mcgqs.com.au and asked them the above important question to which they answered here: Albert Einstein said if you can’t explain something simply, then you don’t understand it...
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Interest Rate

The deadly sin of interest rate creep

I’d almost be willing to bet you that you’re paying far too much interest on your home or investment property mortgage – unless you’re already one of our clients and even then, without regular reviews and taking up our annual...
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House Model On Red Block With Question Mark Symbols

Have APRA and the regulators gone too far?

I wish I could start the year with good news, but it seems that the economic clouds are gathering, and the resultant storm may well be on the horizon. Why? Well still to this day APRA (Australian Prudential Regulatory Authority)...
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Bank Servese

Great service creates happy customers

It’s nearly a year since the royal commission in to the banking sector was announced, with the seventh and final round of hearings being held in December, 2018. No doubt we’ll be peppered with some more examples of business practices...
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