Tips for first-time auction bidders

Buying property at auction can be both exciting and nerve-wracking. But careful planning can make the process a whole lot easier. Here are our top tips for nailing the bidding experience and maximising your chances of success on the day. Attend plenty of auctions before you bid Before your bidding debut, it’s important to observe several auctions to understand how they work. Get a feel for the language used and the process involved. In general, here’s what you might expect: The auctioneer will run through any relevant state or territory laws and auction rules. In some states, you may need to register to bid. The auctioneer will request an opening bid and nominate an amount by which bids must

Why use a mortgage broker to refinance?

Refinancing could potentially save you on interest, so it’s worth regularly reviewing your mortgage. Here’s why it’s a good idea to use a mortgage broker to refinance, rather than going direct to a lender. Expertise you can trust The mortgage industry has gone through a great deal of change over the years. With so many lenders and varying policies, it is complex and can be overwhelming, which is why you need a professional on your side. A mortgage broker is a trained finance specialist. We understand the system and know which products work best for our clients. What’s more, mortgage brokers are up-to-date with all the latest industry developments. By using a mortgage broker to refinance, you

Top tips to find the best rental yield in Brisbane

When deciding on a potential purchase, two of the primary determinants for property investors are, 'What will it cost?' and 'How much rental return, or investment yield, will it make?'. Since the strong price runs in Sydney and Melbourne started to abate, there has been increased demand on assets providing strong yields – but they’re not easy to find. This got us thinking. Is it still possible to secure property in locations across Australia that provide excellent investment potential, and return enough cash flow to make servicing loan repayments and other costs easier? So, we put it out there to our teams... and they delivered Brisbane's market on the whole has always offered an extraordina

Riding the rollercoaster: 6 feelings you’re likely to experience as a first-time buyer

There’s no doubt about it – buying your first home is one of the most rewarding experiences of your life! However, it is an emotional journey. Here are 6 feelings you may experience as part of the purchasing roller coaster (buckle your seatbelts – it’s quite a ride!). 1) Excitement at the prospect of buying You’ve been working hard to save a deposit and it’s finally time to purchase. When that time comes, it’s like someone has opened the door to a whole new world. And it’s an exciting place indeed! At this point, the anticipation is killing you. 2) Confusion about what exactly is involved You’re a rookie, so of course the purchasing process can seem overwhelming and daunting. Where does one

RBA Interest Rate Decision - October 2019

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.75 per cent. While the outlook for the global economy remains reasonable, the risks are tilted to the downside. The US–China trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans because of the increased uncertainty. At the same time, in most advanced economies, unemployment rates are low and wages growth has picked up, although inflation remains low. In China, the authorities have taken further steps to support the economy, while continuing to address risks in the financial system. Interest rates are very low around the world and furth

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