How does a bank valuation impact borrowing?
When you purchase a property with finance, the lender will typically order a bank valuation to help them ascertain the loan to value ratio (LVR) of your home loan. For new home buyers, this might be something that you’ve never thought about before, but the outcome of the bank valuation could have big implications for your home loan.
How to Buy a Home at Auction
One of the key differences between buying at auction or buying using a private treaty is that a sale at auction is unconditional. That means, as a buyer, you’re not able to add conditions such as subject to finance or subject to a building and pest inspection. Therefore, you need to be prepared and organised when the time comes to make a bid at auction.
Here are some things you should do to best prepare when a house you want goes under the hammer.
Record Foreign Investment in Commercial Property
Despite a tough year for many businesses, Australia recorded a record level of foreign investment in commercial property.
According to analysis from CBRE, 2021 saw $16.6 billion in office, retail, industrial and hotel assets changing hands, outstripping the previous record high level of $15.5 billion achieved in 2015.
Knight Frank Sees More Growth Ahead for Industrial Assets
Leading Australian valuer Knight Frank believes the sharp growth we’ve seen in industrial assets is set to continue in 2022.
Industrial assets have seen growth of around 15% over the course of 2021 and Knight Frank believes this is a trend that can continue for years to come.
The Pros and Cons of a Balloon Payment
A balloon payment is a one-off lump sum that you pay to the lender at the end of your car loan’s term. Balloon payments are more common with car loans for businesses and are a great way to help reduce your monthly repayments and free up cash. However, there are a number of advantages and disadvantages that you need to weigh up before deciding to go down the path of a loan product with a balloon payment.
Car Loans vs Personal Loans
The holiday period is normally a time when people spend more hours at home and some start looking around for a new car. If you’re looking at a loan to purchase a new or second-hand car, it’s important to consider the best way to finance it. The most common ways to buy a car is with cash, or with the assistance of a loan. Which will likely either be a car loan or a personal loan.
A Business Loan or Line of Credit?
Business loans and lines of credit are two common ways businesses can borrow the money they need to keep their businesses moving forward.
How to Finance a Caravan or Camper
With the holiday season fast approaching, millions of Australians are more excited than ever to get away.
One of the most popular holiday options in recent years has been heading off in a caravan or camper for a road trip.
Before going out and buying a caravan or camper, it’s well worth thinking about how you’re going to finance it. Given that a caravan or camper are normally the second largest purchase most people will ever make – after the family home – it’s wise to have things organised well in advance.
E-commerce Continues to Drive Industrial Property
The industrial property market appears set to carry on with the strong growth it’s been experiencing over the past few years, as investor interest reaches record levels.
Since the onset of COVID, there has been a huge push towards businesses that are able to operate online, with e-commerce in particular seeing a huge boom. This, in turn, has led to huge interest in the likes of warehouses and other industrial real estate assets. It’s a trend that leading valuer Frank Knight believes will continue into 2022.
3 Things to Consider When Building a Property Portfolio
While we all have different goals when it comes to property investment, for those out there that want to continue to grow their portfolio there are a number of important considerations to take into account.
Many homeowners unwittingly become investors when they look to upgrade their first home and decide to keep the original property. However, if you are looking to build a property portfolio quickly, you will need to consider many other factors.