Land across Australia is becoming less and less affordable, according to a Housing Industry Association (HIA) media release from October 20. People wanting to build their own homes to escape the skyrocketing costs of buying an existing home might find that they are in the same position when trying to buy land – it’s just […]
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On October 4, the Reserve Bank of Australia (RBA) announced that the official cash rate (OCR) would remain at the record-low 1.5 per cent for another month. That decision comes on the back of strong GDP growth, a high Australian dollar and low inflation keeping economic conditions stable. This is great news for people who […]
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The Housing Industry Association (HIA) reports that new house approvals in the Hunter and Central Coast regions fell by 30 per cent between May and July. Unit approvals fell by even more – 58 per cent. A low doc loan should be your weapon of choice to deal with the lower number of new homes. The […]
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Have you ever thought about living in an apartment? What about being a landlord, and having a constant stream of revenue from tenants? Both of these things are possible, especially with the recent surge in apartment approvals for construction. Master Builders Australia states that there has been an 11.3 per cent rise in apartment approvals […]
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Have you found yourself in a position where you can’t get a home loan through traditional channels? Is your bad credit holding you back from buying your dream property? Redrock has a range of solutions to help those who find themselves stuck with a bad credit rating, unable to do anything about it. We believe […]
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A low doc loan can help you to build wealth to fund your dream retirement. Planning for this is a great idea, because to live comfortably, you’ll need around $60,000 per year after you stop working. That’s according to the Association of Superannuation Funds of Australia, which also suggests a single person living in retirement […]
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A low doc loan can help you to ‘clean and jerk’ your way into an investment property, and set it up for tenancy in no time. In Olympic weightlifting, the clean and jerk technique involves an initial lift onto the shoulders (the clean) before a final push straight up into the air (the jerk). Applying […]
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Buying either a single-storey or double-storey home is an important consideration that you have to take into account when moving house. When you’re making the change with a low doc home loan, either because you don’t have the required documentation for traditional lenders, or you have an irregular income, then you want to make sure you’re […]
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Buying a home with a bad credit mortgage can be made far more rewarding when you buy in the right location. With the average credit card balance accruing debt in the country lying at over $2,000 according to finder.com.au, your credit score might not be as clean as you think, so accessing a traditional loan […]
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Getting onto the property market is something that many Australians aspire to do their whole lives – for some, particularly those with irregular incomes or who run their own businesses, it never seems like a possibility. Banks and traditional lenders require lots of documentation about earnings and future security, however with a low doc loan […]
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