What is responsible lending and why does it matter?
Whether it’s due to over-enthusiastic lenders or desperate borrowers, failure to adhere to robust lending standards can land some borrowers in serious financial distress. In many cases the difficulties experienced by these borrowers could have been avoided if the lenders had complied with their responsible lending obligations.Read Full Article
Is it time to review your home loan?
In early June, for the 20th consecutive month, the Reserve Bank left interest rates on hold. That doesn’t mean you shouldn’t be reviewing your existing loans, or exploring investment opportunities. More often that not, there’s a better deal available, and we all know any saving is better in your pocket than the bank’s!Read Full Article
How did the media get it so wrong?
In 2017 the paid professional media that we rely so heavily on for our daily dose of "news" was adamant in many headlined articles that Melbourne was going to be in a massive property oversupply situation, causing a jump in rental vacancies and a huge price crash.Read Full Article
Claiming Expenses on Investment Property
Rental properties often need upkeep and sometimes, more significant repairs. However, in the eyes of the Australian Taxation Office, not all types of expenditure are equal!Read Full Article
Why more investors are opting for brokers.
A recent survey conducted on Australian property investors revealed that they are increasingly turning to mortgage brokers for lending, with 75% of investors stating that they had used a broker, and 83% of investors intend to use a broker when seeking their next loan.Read Full Article
One third of Australians are lazy borrowers and some are entirely clueless about their mortgages!
Australians have a reputation for being serious about sport, barbeques and cars, but when it comes to being serious about their home loans, one third of Australians are wading in the quagmire of lazy borrowing – and 11% of Aussies may not even know what kind of home loan they have!Read Full Article
What is a Comparison Rate?
When an interest rate is advertised on a home loan, have you noticed there is a comparison rate beside it? Many people just focus on the interest rate and don't notice the comparison rate or even know what it means, when in reality it is a useful tool to help compare the cost of different loans.Read Full Article
Recent Census data highlights substantial changes to property in Australia. How will this affect investors?
The 2016 Census property data shows that there have been rapid changes over the last 5 years. Some of it could have been assumed, but some of the trends have accelerated and are ahead of government policies designed to manage property demand for the various demographic sectors of society.Read Full Article
Are interest rates unnaturally low? Or are they where they should be?
We hear the claim that interest rates have been kept unnaturally low by Central Banks around the world with the clear implication that no good will come of this and, before long, they will be forced to take them back to more natural levels. These comments ignore the actual role of Central Banks. Their mandates are typically to keep inflation under control and to keep employment full...Read Full Article
RentVesting – What is it and why has it become so popular?
RentVesting is where a person acts as a Landlord and a Tenant – by renting out a property they have purchased, and simultaneously paying rent for the place they are living in. There are two main categories people fall into when RentVesting – the ‘accidental’ and the ‘strategic’.Read Full Article
Have you met Andrew Gabriel?
Andrew Gabriel has been successfully researching and recommending investment property clients since 1989. He has extensive experience in commercial and residential investment property portfolio management and he has helped countless people achieve their goals with tailored property strategies that work for them and their individual circumstances.Read Full Article
Property investing in a matrix of confusion
Media outlets write an endless number of articles about real estate designed to captivate reader’s interest. Many of the articles have alarming headlines - but the content is usually about isolated cases or mere forecasts of a possibility.Read Full Article
The Future of Interest Only Loans
It's not as easy as it once was to apply for an interest-only loan. Over the last couple of months lending for this type of investment loan has been tightened in an effort to slow the pace of record growth in investment home loans.Read Full Article
How to Benefit from Reduced Rates
With official cash rates at rock bottom, now is the time to get ahead with your home loan. Here are some actions you can take to benefit from reduced rates.Read Full Article
A Guide to Home Loan Paper Work
We see many happy faces when we tell people that as your mortgage broker we can help simplify the paperwork process because we know what lenders are looking for when it comes to assessing an application.Read Full Article
How to Get Ahead On Your Home Loan
Just putting an extra $50 on your home loan repayment every month can save you close to $14,000 in interest over the life of a standard loan (based on a loan of $300,000, 5% interest rate and 25 year loan term) .Read Full Article
Home loans - fixed v variable, which is better?
Often clients ask us if they should switch their home loan from variable to a fixed rate. No one truly knows what will happen with interest’s rates, but benefits can be obtained by choosing the right type of loan at the right time.Read Full Article
How to Reduce Capital Gains Tax While You Are Away.
For many people, the single biggest asset they will own is the family home. Luckily, the Main Residence Exemption means Capital Gains Tax is not payable upon sale of this asset, under most circumstances. However, if you leave the property for an extended period of time, or you rent the property out, you may only be eligible for a partial CGT exemption. But the good news is there are two rules which can be applied to help to reduce the net Capital Gain – the Temporary Absence Rule and the Market Value Rule.Read Full Article
What would you do with an extra $240 per month?
Australian home owners are missing out on potential savings of $240 per month by not refinancing their home loans to get a better deal. Could you be one of them? Ask about our no obligation, mortgage-broking service to find out more.Read Full Article
Imagine a home loan at just 2.99%!
If you own an investment property or are looking to buy one, we have access to a fantastic new product. Where your investment debt is 50% or more of your overall home loan debt...Read Full Article
5 Top Tips for Choosing a Mortgage Broker
We understand that it can be hard to know what to look for when engaging a mortgage provider. As BCV Financial Solutions launch our mortgage broking service, we share our five top tips to choosing a broker to help guide you through the process.Read Full Article
The lowdown on negative gearing and proposed tax reforms
Anyone who has taken an interest in business or political news over the last few weeks will have no doubt heard many references to the proposed changes to Negative Gearing (and Capital Gains Tax) put forward by the Opposition Labour Party. Before...Read Full Article