How can parents assist their child in purchasing their first home without compromising their financial security?
Assisting your child in obtaining a home loan for their first house offers benefits such as potential long-term returns of around 3%. It also allows your child to save on closing costs, Private Mortgage Insurance (PMI), and interest rates. With an increasing number of young homebuyers in the Australian market, it’s crucial for parents to […]
Key Considerations Before Taking Out a Small Business Loan
If you own a small business, acquiring a business loan at some point may be necessary for expansion or operational stability. In Melbourne, there is a range of business loan options available, each offering varying interest rates and repayment terms. Building a small business requires the same dedication as any other venture. Therefore, securing the […]
Refinancing Commercial Property Loans: Key Considerations
Refinancing Commercial Property Loans: Understanding the Options Commercial loans serve various purposes, including acquiring commercial properties, funding developments, and supporting business ventures. These loans are typically secured by the property itself and can have terms ranging up to 15 years, with options for fixed or variable interest rates. Types of Commercial Loans: Reasons to Consider […]
Why should you engage a conveyancer before making a property offer?
Are you planning to buy a property? Are you aware of the major role a conveyancer plays in this process? Before diving into the other dynamics of real estate transactions, it is required to understand why having a conveyancer onboard before making an offer is not just a smart move but a crucial one. Let’s […]
Buying Land in Victoria in 2024? Tax Changes That are Essential to Understand
The landscape of taxation laws underwent a significant transformation in Victoria, Australia recently with the enactment of the State Taxation Acts and Other Acts Amendment Act 2023 on December 12, 2023. The new law introduces significant property tax changes in Victoria with effect from January 1, 2024. If you are planning to acquire land in […]
House prices in 2024. Is it the right time to buy a home?
Impact of interest rate hikes on the property market Typically, when the Reserve Banks raise interest rates, it leads to a decrease in property values. This occurs because higher interest rates usually discourage people from borrowing loans for property purchases, thereby reducing the overall funds available for buying a particular property. A fall in property […]