Articles In ‘Uncategorized’ Section
Impossible to borrow? »
2008.12.15 09:07:57 Even though ANZ, National, ASB and Sovereign have officially limited lending to 80 per cent of a property's value, this doesn't mean first-time buyers must delay their dreams while they save the rest. Back in Australia this was the norm when I started mortgage broking yet this did not stop the determined from getting a [...]
Property In Oz »
2008.12.12 04:16:57 It's Friday evening and I have not even had a chance to see what the news is today. I did see that Westpac in Australia were getting flack for not passing on the entire 1% interest rate cut from the Reserve Bank. They justified not passing on the whole OCR cut by commenting that the overall cost of funding was very expensive [...]
Good deal or not? »
2008.12.11 04:42:06 Bidding started at $5 million and then dropped rapidly, sometimes in $500,000 stages, she said. The calls stopped coming at $2.65 million. Todays news spoke about a property selling in a dutch auction for half its real value however I must question this whole valuation process. You see I was offered the property [...]
It's Christmas »
2008.12.10 07:31:51 Well it nearly is. What are you getting for christmas? I find it quite difficult to let people know what I want for Christmas due to the fact that I pretty much get whatever I want when I want it (well things anyway) and this comes from the fact that you can buy what ever you want when you want if you have sufficient [...]
House prices fall but signs point to »
2008.12.09 05:42:26 National property values have dipped again this month - but the slide may be bottoming out, according to figures from Quotable Value. The headlines about property are starting to be a lot more positive and opportunities are popping up everywhere. Today I have been offered 3 cash-flow positive properties with yields ranging [...]
