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Monthly Archives :

May 2015

property checklist

A Beginner’s Guide To Buying Property

Buying property is an exciting experience, particularly if it is your first time. But, it can also be a daunting experience particularly constant press around the property bubble. Therefore it is important to surround yourself with a property investment advisor to determine your investment strategy for financial freedom. Currently, first home buyers are presented with…

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saving for a home loan

Buying Your First Home: Saving For A Home Loan Deposit

With interest rates at record lows – many Australians are asking the question – “How much do I need for a deposit to purchase my first home?”. This question will then determine the amount of your loan and ultimately your borrowing power. The bigger your deposit, the smaller your loan will be and the less…

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couple looking at real estate listings

What is my borrowing power?

The first step in the journey to financial freedom is to approach your Redwood Home Loans Mortgage Broker to determine your borrowing power. This is important to know how much you can afford to spend on a property and repay on your home/ investment loan. By having an idea of what you can borrow, you…

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bank lady

Apply for a loan – What is a Comparison Rate?

Whenever you see an interest rate, it may display this awesome low interest rate, then beside it you may see a ‘comparison rate’ which is considerably less attractive – with a (*) and no explanation for the higher rate. Understanding the comparison rate is imperative in choosing the right loan for you. The Comparison Rate…

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How to make the most out of record low interest rates

The Reserve Bank has cut official interest rates by 25 basis points to a fresh record low of 2 per cent, a fresh injection into the Australian economy and particularly the housing market. If passed on in full by Australia’s “Big 4” banks, this will indicate significant savings – approximately $60 per month on a…

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chinese investment australia flags

Chinese property investment – Will it continue in 2016?

There are ‘mixed feelings’ by many Australians on the surge of Chinese investment in the Australian residential and commercial property market. Many ask the question – will the surge of Chinese investment in Australia real estate continue? Despite the announcement of new penalties by the Foreign Investment Review Board (“FIRB”), Chinese investment will continue to grow in…

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