Sunday, 24 February 2013
Friday, 22 February 2013
Investment Properties in Sydney
335/243 Pyrmont Street
$370,000+
If you can secure this one close to the price guide the numbers may stack up in your favour. The agent estimates a rental return for this 44 sq m apartment of $500 a week, meaning a yield of 7 per cent. This stylish pad is close to the city and is sure to be popular with young professionals. But if you can't get the price you want don't panic - the Goldsbrough Apartment building is a huge block so another is sure to pop up soon. Though if this one takes your fancy you can rest assured that it is priced considerably lower than the Pyrmont one-bedroom median of $461,000. Strata levy $1180 pq. Inspect Sat, 11.15-11.45am; Thu, 6.30-7pm. Agent LJ Hooker Pyrmont, 0408 330 118.
8/341 Alfred Street, Neutral Bay
$360,000+
Investors will want this one for the 5.7 per cent yield, while first-home buyers will dig the proximity to the Neutral Bay bar scene. Both should note that it last traded in August 2011 for $346,500. Strata levy $600 pq. Inspect Sat, 9.15-9.45am . Agent Raine & Horne Neutral Bay, 0418 501 795.
Thursday, 21 February 2013
Secrets to finding bargain rentals
■Suburbs that have more affordable properties for sale will also generally offer more affordable rentals.
■Look for older-style apartments which may come at a discount to their newer counterparts in the same area.
■Look in suburbs on the outer fringe of the 10-kilometre band, rather than more expensive suburbs closer in.
■Demand for smaller one-bedroom properties in some areas means rentals for two-bedroom apartments may be secured at only a slightly higher price.
■Consider areas slightly removed from the main shopping strip.
Property Deals
Bondi Jewel
The former restaurateur Sue Burrows is selling an apartment at Bondi Beach. Expected to fetch more than $650,000 at auction on March 5 through Di Jones agents Gary Sands and Jane Schumann, the bijou one-bedder spans two levels of a small building in Sir Thomas Mitchell Road. Burrows owns The Bondi Beach House, a guesthouse across the road from the apartment she is selling.
Fly-by deal
Last month the Nine Network entertainment editor, Richard Wilkins, snapped up an investment property at Mosman. The deal to buy the Moruben Road apartment was secured on the day Wilkins flew to the US to report on the G'day USA event in Los Angeles. Wilkins engaged Robert Klaric and his wife Leonie, who recently established a service, The Property Expert International, to find an investment property and negotiate a price. On the top floor of a 1970s block, the two-bedroom apartment (with parking for one car and northerly views across Balmoral to The Heads) sold for $600,000 through David Gillan of Ray White Lower North Shore.
Tuesday, 19 February 2013
Off The Plan benifits
Buying directly from a developer may be an option that requires more patience on behalf of the buyer, but can save significant dollars on your real estate investment and be a good place to start the real estate investors looking for the cheapest option up front.
My Tips:
- Buying a property in the first instance has a lot to do with being able to round up to the right amount of cash to make a deposit.
- Buying a property directly from a developer can be one way of saving money.
- Buying 'off the plan"can offer significant savings, most importantly the absence of Stamp Duty.
- In many cases, the value of the asset can increase between the period of the asset can increase between the period of signing the contract to the period in which the property is ready to move in.
Why Use Broker ?
Role of a Mortgage Broker
Borrowers today usually have two options in obtaining a home
or personal loan. They can approach each traditional lending
institution (usually banks) or non-traditional lender directly.
Alternatively they can seek the services of a professional mortgage
broker who can research and find suitable loan options tailored to
their client’s needs. Mortgage brokers (sometimes referred to as a
financial broker) are problem solvers. They act on behalf of the
borrower, negotiating a loan that could closely suit the requirements
of the client.
Mortgage Brokers help borrowers in sourcing and applying for mortgage finance for both residential and investment real estate purposes as well as in the refinancing of existing mortgages.
Services provided by a mortgage broker are usually free of cost. Mortgage brokers in most cases have a panel of lenders from which they can research and provide loan options for you. They also work for you throughout the loan process, help filling out applications and perusing through mountains of paperwork. They also help clients who might have credit problems or want a mortgage on an unusual property and can match you with the right institution.
In a volatile and a complex financial market it is recommended you use the services of a professional mortgage broker, who works in your best interest so you can see your dreams become a reality.
Mortgage Brokers help borrowers in sourcing and applying for mortgage finance for both residential and investment real estate purposes as well as in the refinancing of existing mortgages.
Services provided by a mortgage broker are usually free of cost. Mortgage brokers in most cases have a panel of lenders from which they can research and provide loan options for you. They also work for you throughout the loan process, help filling out applications and perusing through mountains of paperwork. They also help clients who might have credit problems or want a mortgage on an unusual property and can match you with the right institution.
In a volatile and a complex financial market it is recommended you use the services of a professional mortgage broker, who works in your best interest so you can see your dreams become a reality.
Our Services
At Ubika Finance we provide various loan options for our clients, customised to meet their current situation and future financial goals. We have access to over 25 lending institutions enabling us to provide varied options for our clients.We can provide loan options with Fixed, Variable, Split, Interest only, Construction, Portable Bridging and Low Doc to meet our clients’ desirable loan strategy.
Fixed Rate Home Loans - here the interest
rate is fixed or locked in for a specific period, usually between one
to five years. This means the repayments on your home will remain
unchanged during the fixed term regardless of what happens to market
interest rates. However, fixed loans may come with fewer features than a
variable rate home loan. If market rates fall, you also face the
possibility of paying more on your home loan repayments than otherwise.
Split Loan allows you to have a portion
of your home loan with a fixed interest rate and the remaining portion
with a variable interest rate. You have the option of selecting the
percentage you would like fixed and the percentage you would like
variable, as long as the minimum fixed amount is covered, as per the
individual loan requirements.
Line of Credit is a great way to access
the equity in your home and use it for things like home renovations,
investments or other personal purchases. It has a competitive interest
rate and you only have one account to manage. You can access it at any
time of the day, over the phone, online or at one of our many ATM's.
Low Doc Loans are a simpler mortgage finance solution for self-employed people who have income and assets, but are unable to provide the required financial statements or tax returns at the time of application. Low doc loans are usually approved on the basis of the applicant self-declaring their income derived from their business (known as a low doc declaration or self-certification of income).
Interest-only Loan - you repay only the interest on the principal during the term of the loan. At the end of that time – usually one to five years – you must repay the principal as a lump sum. As you would expect, repayments are lower than with a standard principal and interest loan. These loans are popular among investors who plan to sell the property in the short-term for profit. They are not recommended for ordinary home-buyers or investors who plan to hang on to their investment property for long-term income and growth.
Construction Loan uses the funds to build a new dwelling or property and generally involves draw down payments where you receive the funds in installments after a body of construction work is complete (i.e.; foundations have been laid). Portable Home Loan allows you to transfer from one property to another, without refinancing. It can be of benefit by saving on loan set-up fees and government loan security duty.
Bridging Loan is a type of short-term loan typically used when in the process of selling one property and purchasing the next or when waiting for the arrangement of longer term finance.
Low Doc Loans are a simpler mortgage finance solution for self-employed people who have income and assets, but are unable to provide the required financial statements or tax returns at the time of application. Low doc loans are usually approved on the basis of the applicant self-declaring their income derived from their business (known as a low doc declaration or self-certification of income).
Interest-only Loan - you repay only the interest on the principal during the term of the loan. At the end of that time – usually one to five years – you must repay the principal as a lump sum. As you would expect, repayments are lower than with a standard principal and interest loan. These loans are popular among investors who plan to sell the property in the short-term for profit. They are not recommended for ordinary home-buyers or investors who plan to hang on to their investment property for long-term income and growth.
Construction Loan uses the funds to build a new dwelling or property and generally involves draw down payments where you receive the funds in installments after a body of construction work is complete (i.e.; foundations have been laid). Portable Home Loan allows you to transfer from one property to another, without refinancing. It can be of benefit by saving on loan set-up fees and government loan security duty.
Bridging Loan is a type of short-term loan typically used when in the process of selling one property and purchasing the next or when waiting for the arrangement of longer term finance.
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