Nationally there are almost 7 million Australians living in rented homes, which makes renters a massive demographic and economic force in Australia. The report highlights that 3 in 10 renters are ‘choice renters’. “There’s this idea that the great Aussie dream is to move into a home that you own and if you haven’t done…
Will our economy continue to grow? That’s the question that our colleagues from La Trobe Financial are trying to answer in this article here Remember the days when a bank account paid 5% per year? Remember when 8% p.a. was a prudent, responsible target for a conservative investor? If so, you may be one of…
Thirty-five percent of Australians have given up on ever owning their own home, according to new research by finder.com.au. A national survey of more than 2,000 Australians found 24% believed they had been priced out of the property market. A further 11% said the dream was out of reach but were comfortable with this as long…
A conveyancer is a solicitor, but just deals with property, right? Wrong! The two are different, and it is important to have the right one on your team, in order to avoid paying too much while still getting the advice you need. Buying property is one of the biggest decisions most of us will…
According to the latest QBE Australian Housing Outlook 2017-2020, an oversupply of units and reduced bank lending to investors is expected to dampen price growth in the housing market in coming years. The QBE-commissioned BIS Oxford Economics report analyses historical performance in the residential housing market, based on median prices, and forecasts market movements to 2020.…
Offset accounts and redraw facilities work in similar ways; they both allow you to reduce the balance of your home loan, and therefore the interest charged, by applying extra money to your debt. Redraw facilities allow you to deposit spare income into your home loan account, allowing you to redraw a sum equal to the…
Insurance for something you can’t see or touch, such as your income, may seem strange. But how would you pay your mortgage if you were unable to work? When considering insurance, it’s common for people to pass it off as a pesky added fee involved in owning a car, running a business or protecting a…
Benefits of Refinancing basically come under three headings 1. Improving your position Improving your position involves time, and favourable market conditions. Time, being the time passed since the start of your current home loan. Favourable market conditions, we would hope that the result of; means an increase in property values. Traditionally, the property market gives…
It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan. Looking for a property to purchase is an exciting time. Choices regarding location, size, number…
The decision to renovate is a common sticking point for homeowners, who can spend hours weighing up the cost benefits. Whether your motivation is to add value to your property or to add a touch of your personality to the home, renovations are expensive and debt often follows. By working with us at Progressive Loans…