Investment Loan

Utilising Redraw For Your Investment Property

Utilising Redraw For Your Investment Property

My client, let’s call her Rachel, is planning on moving into this property for one to two years and renovating it during that time, before moving on to her next property and renting this one out.  There are many things to think about when getting a mortgage but I am only going to look at the potential tax effects of different loan structures.

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( Posted in: Property )

Offset VS Redraw For Property Investors

Offset VS Redraw For Property Investors

It's a tricky decision for many, so our property expert has given some advice on what will be best for you. 

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( Posted in: Property )

NAB Bucks The Trend

NAB Bucks The Trend

National Bank announced today that it will not change its Standard Variable home loan rate from 5.24% p.a.

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( Posted in: Lending & Finance )

RBA Decision - No Change To Interest Rates

RBA Decision - No Change To Interest Rates

The RBA has kept the cash rate on hold for the 22nd consecutive board meeting at a historical low of 1.5 per cent.  At this point in time it is expected interest rates will remain on hold well into 2019.

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( Posted in: Lending & Finance )

ANZ Lending Update

ANZ Lending Update

Effective 16 June, ANZ Bank will increase their Variable Interest Only home loan rates for both investors and owner occupiers by 30 basis points. ANZ's Standard Variable Rate for investment lending with Interest Only repayments is now 6.26% p.a..

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( Posted in: Lending & Finance )

Last of the Major 4 Banks to cap interest only loans at 80% LVR

Last of the Major 4 Banks to cap interest only loans at 80% LVR

Westpac Bank announced today the maximum LVR (loan to valuation ratio) for those seeking interest only repayments will be capped at 80%. This applies to both owner occupied and investment lending. They are last of the Major 4 Banks to cap LVRs for ...

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( Posted in: Property )

Overcapitalising what it is and how to avoid it

Overcapitalising  what it is and how to avoid it

As a home owner or property investor, you may have heard the term ‘overcapitalising’. But what exactly is it and why is it considered bad?

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( Posted in: Lending & Finance )

Cash rate remains at 1.50% and lending polices are expected to further tighten

Cash rate remains at 1.50% and lending polices are expected to further tighten

The RBA has again left interest rates on hold at the historical low of 1.50%. There has been no changes to the cash rate since August 2016. However over the past few weeks out of cycle rate hikes by the major banks and second tier lenders have made front page headlines. These interest rate increases ranged from negligible increases to owner occupied loans to smacking investors and those whose loans feature interest only repayments with some significant increases. 

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( Posted in: Lending & Finance )