Plenty of Australians know the benefits of self managed super fund loans for residential property investment, but fewer may realise that these advantages carry over to commercial loans, as well. Unlike home loans, which are generally taken out by a single person or couple, commercial loans are typically taken out by businesses that are looking […]
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As people who have found themselves in need of bad credit mortgages can attest to, your credit report can have a major impact on your ability to obtain home finance. It’s with this mind that you should take time to understand exactly how your credit report is compiled, as well as ways in which to […]
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The existence of self employed home loans doesn’t mean you’re eligible for home finance simply for being your own boss. While these types of loans are specifically designed with self employed individuals in mind, it’s still important for potential borrowers to make themselves as attractive as possible to lenders. This includes focusing on financial areas […]
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Data from theDigital Finance Analytics (DFA) Household Survey has shed some light onAustralians’ feelings regarding property investment in self managed super funds(SMSFs). According toDFA, the survey showed that approximately 3 per cent of households were holdingresidential property in an SMSF, while another 3 per cent were activelyconsidering it. Of thisnumber, 28 per cent were attracted […]
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Australian consumers aren’t the only ones that may struggle to build up their credit. According to a December media statement from Treasurer Troy Buswell, the government of Western Australia is looking to restore its AAA credit rating through asset sales. “The combined effect of reduced expenditure – both in recurrent and asset investment- increased revenue, […]
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According toa December 11 report from The Age, Australian banks are looking toward gettinga share of the self managed super fund (SMSF) loan market. Looking atdata from the Australian Taxation Office (ATO), it’s easy to see why. “TheSMSF sector remained the largest sector of the Australian super industry, with99 per cent of the number of […]
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New creditreporting rules set to go into effect in Australia in 2014 have some peopleconcerned. Veda, thelargest credit reference agency in Australia, says the new rules are intendedto transform the country’s credit reporting industry for the better. “Australia’scurrent credit reporting regime is over 20 years old,” theorganisation stated on its official website. “Itpermits the collection […]
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MoreAustralians are finding it difficult to stay up to date with their mortgagerepayments, according to data from Fitch Ratings. The FitchRatings Mortgage Delinquency Report showed that 1.25 per cent of home loancustomers were 30 days or more behind on repayments as of the end of September. While this is lower than the level of borrowers […]
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It appears that more consumers are taking advantage of the specialisation offered by non-bank lenders. According to the Australian Bureau of Statistics (ABS), the trend estimate for the total value of dwelling finance commitments increased 1.8 per cent during October on a month-over-month basis. The value of investment housing commitments increased 2.9 per cent, while […]
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Self managed super fund loans can have many benefits, as well as be a great way to obtain much-needed funds for a retirement investment. However, as with any type of loan, it’s important to understand all the ins and outs. The easiest and most effective way to accomplish this is to get advice from qualified […]
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