Home Loan

Prices on the Move – What is Your Property Worth Now?

Written by Tricia Williams, Manager - Edney Ryan Mortgage and Finance

Talk of Australia’s housing market recovery is back, with our biggest markets – Sydney and Melbourne  – increasing property prices once again this month. For a concise overview of the Sydney Property Market’s latest performance, click here to watch a short video from CoreLogic. If you’re considering your options, now is a great time to get an estimate of your... Read more

Low Fixed Rate Mortgages – Not Always What They Seem

Written by Tricia Williams, Manager - Edney Ryan Mortgage and Finance

The record low interest rates we currently have in Australia has put borrowers squarely in the box seat when it comes to choosing a home loan. There are some highly competitive loans available as lenders eagerly battle for new business. However, it is important buyers are aware of the hidden dangers that may come with some of the cheaper home... Read more

How Your Credit Cards Affect Your Borrowing Power

Written by Tricia Williams, Manager - Edney Ryan Mortgage and Finance

In the last edition of our newsletter, we looked at how living expenses can affect a client’s borrowing power. This time around we’re looking at credit cards and, more importantly, the impact they have on your capacity to borrow. Why Credit Cards Affect Borrowing Power Owning a credit card can have a real effect on a person’s borrowing power. And... Read more

Potential reforms are currently being discussed, which, if enacted, could make the mortgage broker channel unsustainable – potentially forcing customers back to the big banks and cutting their access to smaller lenders and credit. Support your broker now. Visit www.brokerbehindyou.com.au

Preparing for a Loan: How Living Expenses Affect Borrowing Power

Written by Tricia Williams, Manager - Edney Ryan Mortgage and Finance

If you’re looking for a home loan, one of the first things your lender will ask about is your living expenses. That’s because, under the National Consumer Credit Protection Act, lenders must allow for living costs when deciding how much an applicant can afford to borrow. While some lenders will simply require a rough estimate of your weekly or monthly... Read more

Parents Helping Children Into the Property Market

Written by Tricia Williams, Manager - Edney Ryan Mortgage and Finance

As house prices rise across Australia, more and more clients seek advice on ways they can help their children enter the property market. In fact, reports suggest up to 80 percent of parents are prepared to provide some sort of financial support. But What is the Best Way to Help? There are several ways parents can give their children a... Read more

Overcapitalising: The Risk of Spending Too Much on Improvements

Written by Tricia Williams - Manager, Edney Ryan Mortgage & Finance

  By Tricia Williams, Manager – Edney Ryan Mortgage & Finance Renovating your home or investment property can be a wonderful way to make it more appealing to buyers and increase its overall value. However, there’s a fine line between spending money to make your property more appealing and overcapitalising on your renovations. In this article, we look at overcapitalising.... Read more

Low Bank Valuations Pose a Risk for Buyers

Written by Tricia Williams, Manager - Edney Ryan Mortgage & Finance

Low bank valuations are a real risk, particularly for buyers with smaller deposits, and especially in a booming market. Consider the following scenario. Hollie and Sam are preparing to buy a new home in their popular suburb. The house they want is for auction, and they expect it will sell for around $1.8 million. They’ve saved enough for a 20%... Read more

By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 9 2016 Key points Very expensive housing and high household debt leave Australian housing vulnerable. However, in the absence of either a recession or  much higher interest rates a property crash looks unlikely. The Sydney and Melbourne property markets are likely to slow further... Read more

Deposit Guarantee Can Take the Place of Cash

Written by Tricia Williams, Manager - Edney Ryan Mortgage & Finance

When you have found the right property and need a deposit to secure the purchase, a deposit guarantee may assist buyers whose funds are currently tied up. A deposit guarantee is a substitute for the cash deposit. The deposit guarantee is issued by a guarantor, for a fee based on its value and duration of cover. At the time of... Read more