BR Real Estates in Beaconsfield, Victoria, Australia | Estate agent

BR Real Estates

Locality: Beaconsfield, Victoria, Australia

Phone: +61 1300 782 275

Address: 1 Just Joey Drive 3807 Beaconsfield, VIC, Australia

Website: http://www.beaconsfieldrealestates.com.au/

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25.01.2022 House for rent available in Beaconsfield for 3-6 months.

17.01.2022 Will Australian Property Bubble burst like the US Property Market. The idea that Australia is in a property bubble that is about to burst - like the US property bubble of 2008 - is a fallacy. ... Imagine - if you can - what would happen if you could buy real estate with HEAVILY discounted loans: low-interest honeymoon rates for the first year of financing. AND imagine if the low interest rate was just 1%. AND you didn't have to prove your income, in order to borrow money. AND you could get 100% finance - with no deposit. AND all your loans were interest only. Do you think this would overheat the property market in Australia? This is exactly what happened in the USA in 2008 - with the subprime mortgage melt-down. There's a well-documented sign from a subprime mortgage broker's office in 2008. It read: "1% Low Start Rate; Stated Income; No Documentation Loans; 100% Finance Available; Interest Only Loans; Debt Consolidation; Se Habla Español" As the story goes - the riskiest borrowers would sign up for 100% finance at the 1% interest-only introductory rates, and refinance their mortgages regularly - staying on the introductory-rate merry-go-round without needing to pay down their loans. This was all OK until property prices fell slightly - and these over-stretched borrowers could no longer refinance, or afford the non-introductory repayment rates. But bad turned to worse when banks began foreclosing, forcing prices even lower! With this kind of loose borrowing available - it's no wonder the US property market collapsed! This is a far cry from the well-regulated, Principal-and-Interest-focussed, 80% Loan-to-Value-Ratio, resident/citizen only, prove-your-income-before-we-loan, lending-limits-based-on-affordability approach to finance in Australia. It's a logical fallacy to say "The US property market boomed and crashed - and the Australian property market continues to boom - therefore the Australian property market must be heading for a bigger crash." What's happening in Australia is very different to what happened in the USA. And the better educated your are as an investor, the less susceptible you are to the shrill cries of the doom-mongers in the media. -Simon

15.01.2022 ow Doc loan at 80% for construction now available.

04.01.2022 BR real estates land office at 1 Just Joey Drive Beaconsfield , tel 0425724303 , [email protected]

01.01.2022 Sales office open in Beaconsfield

01.01.2022 4 bedroom house in Beaconsfield Lavender rented for $445 per week.