Getting your hands on Sydney property hasn’t been particularly easy for people who don’t have access to traditional financing. According to the October edition of CoreLogic’s Housing Market and Economic Update, Sydney’s median house price rose 17.6 per cent in the year to September 15. Combine these rapidly climbing prices with the fact that lenders […]
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Many people are led to believe that renting property is cheaper than taking on a low doc home loan, but is this really the case? Renting does have some appeal; knowing someone else has to deal with repairs and maintenance and having the flexibility to move whenever you need to can be advantageous. However, the […]
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The property industry has already enjoyed a strong year, which is why many experts’ attention has now turned to what will happen in 2016. Looking back on the past 10 months, it’s obvious that the real estate sector has really come into its own. Since the slowdown in the mining boom, pressure has been mounting […]
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Anyone who has been holding back from applying for self-employed home loans may find 2016 is just the right time to enter the market. Analysis from SQM Research indicates that the market could soon start to slow, bringing lower prices and potentially increased competition for properties. The group’s Housing Boom and Bust report for 2016 […]
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House building may have been especially strong this year, but the latest figures suggest demand for new-builds has taken a hit. The Housing Industry Association’s (HIA) New Home Sales report for September showed monthly transactions were down 4 per cent over the course of the month. HIA Economist Diwa Hopkins explained this fall wasn’t concentrated […]
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If you’re in the market for a low doc loan, one thing you’ll definitely listen in on is talk surrounding interest rates. The best way is to pay attention to the cash rate decision made every month by the Reserve Bank of Australia (RBA). On November 3, the RBA elected that the cash rate would […]
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Starting your own business can be both an exciting and terrifying affair. On one hand, it can seem like a dream come true to answer only to yourself. On the other, unexpected business troubles can be crippling for inexperienced, self-employed bosses. According to Independent Contractors Australia, 17.2 per cent of the Australian workforce were self-employed […]
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On the hunt for a house? Chances are, you’ll also be in the market for a home loan. While there are some variations in terms and rates between different providers, there’s one constant. That is, you’re going to need documentation to show whether or not you can pay it back. This includes proof of income […]
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Low doc loans are great for people with a stable income and assets, but lack the necessary paperwork. They may not even attract higher interest rates. Low doc loans, also known as low documentation loans, are aimed at self-employed individuals. The reason being is that people who are self-employed can have steady incomes and assets, […]
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Obtaining self employed home loans can be much harder than a customary mortgage. There are a lot of Australians earning a good living on a self-employed wage, according to the Australian Investments and Securities Commission. The problem is, while total income for an individual may be strong, the flow of income is not always consistent. […]
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