BROAD Finance in Collingwood, Victoria, Australia | Property

BROAD Finance

Locality: Collingwood, Victoria, Australia

Phone: +61 8 9355 4777

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25.01.2022 Do you allow pets in your investment property? Here's something that will give you paws for thought: landlords who allow pets can boost their rental return by up to 30%.* In fact, in almost every capital city, median asking rents for pet-friendly apartments are higher than for homes that don’t allow pets. ... So what do you think? Would you allow pets? Or have you got a horror story to share? *Domain #BroadFinance #MelbourneFinance

24.01.2022 Considering refinancing? Don't forget to prepare for a valuation! Aussies are refinancing in record high numbers at the moment,* which makes it a good time to talk valuations. That's because when you refinance your home loan, your lender will arrange a valuation to estimate what your property is worth. And it's important to be prepared because as many as 1 in 7 home owners* are unsuccessful in refinancing their mortgage because the value of their property has fallen. ... So here are four ways you can prepare for a valuation: 1. Spring clean! Whether you do it yourself, or hire professional cleaners and landscapers, make sure your house's interior and exterior are looking spick and span. 2. List your property’s features: make a list of the best things about your property and give it to the valuer, just in case they miss that newly-installed double garage. 3. Local community developments: share a list of any upcoming community developments, such as a public transport hub or you-beaut bike path. 4. Dig out some paper work: if you have building plans, council rates notices and/or land tax valuations, make them available to the valuer. To discuss refinancing, email [email protected] *Sources: ABS, State Custodians #BroadFinance #MelbourneFinance

24.01.2022 Three free apps to help keep you on track financially The old adage 'you need to spend money to make money' doesn't always ring true. Sometimes all you need is a free mobile app or calculator to help guide you. The below ASIC tools are available for free on Google Play, iTunes or the Moneysmart website. ... 1. Savings goals calculator: this web-based calculator helps you work out how long it will take to reach your savings goals, and what steps you need to take to put your plan into action. 2. First Business app: this app can help you work out whether you are ready to start a business, provides tips and ideas on how to develop your business network, and will provide you with a 'starting your business' checklist. 3. MoneySmart Cars: this app not only gives you an initial calculation of what your car will cost, it also provides ongoing cost details and will help you identify any hidden costs that may be lurking under the bonnet. Homes, businesses and cars - three essential areas of life, and three areas where we can assist. To find out more, email [email protected] #BroadFinance

23.01.2022 Need a new asset for your business? Have we got news for you! Businesses, both big and small, can now immediately write off any eligible depreciable asset, at any cost, up until 30 June 2022. It's called 'temporary full expensing', and it was announced by the federal government in their latest budget. ... If you'd like to make the most of it for your business, get in touch with us today to discuss your financing options for the scheme. To find out more, email [email protected]. #BroadFinance #MelbourneFinance See more

23.01.2022 Trend alert: offset accounts It's not exactly the hottest Parisian fashion fad, but Australians have recently been trending towards putting more money into their offset accounts.* What is an offset account? It's a transaction account that's linked to a mortgage account and it reduces the interest you pay on your loan. That's because you only pay interest on the difference between the amount of money in the account and what's left to pay on your mortgage.... For example: let's say you owe $350,000 on your mortgage, and you have $50,000 in a savings account. If you move that $50,000 into a full offset account, you’ll only pay interest on $300,000. Want to find out more? Email [email protected]. *Source: RBA #BroadFinance #MelbourneFinance See more

21.01.2022 Five reasons why your home loan application might get rejected Getting rejected is never easy - especially if it's for a home loan. With that in mind, here are five common reasons home loan applications are rejected.... 1. No proof of genuine savings. 2. Your spending habits are a little too ... lavish. 3. Your credit history has a checkered past. 4. You haven't saved a large enough deposit. 5. Your employment situation isn't as stable as the lender would like. So if you're thinking of applying for a home loan soon then get in touch today - we're be happy to help you get that all-important stamp of approval. To find out more, email [email protected] #BroadFinance #MelbourneFinance See more

21.01.2022 If you don’t ask, you don’t get! A survey recently found out that 75% of mortgage holders who asked for a rate cut, got one.* If it's been a while since you asked your bank for a lower rate, get in touch today and we'll help you with the haggling.... And if your current lender won't come to the table, well, another lender might just want to instead! To find out more, contact Broad Finance on: 07 5635 4368 [email protected] *Rate City survey #BroadFinance #YourTrustedFinancePartners #ChattelMortgage #CarLoans #EquipmentFinance #HomeLoans #Perth #Sydney #GoldCoast #SurfersParadise #Burleigh #GoldCoastProperty #GoldCoastFinance #SydneyProperty #PerthProperty #SydneyRealEstate #PerthRealEstate

20.01.2022 How do you feel about the property market right now? Believe it or not, confidence in the housing market has been on the upswing in recent months.* In fact, Westpac's ‘time to buy a dwelling’ index is at its highest level since September 2019. ... So, how about you? Have things on the financial and property front started to little more exciting recently? If so, find out more, email [email protected]. * Westpac Consumer Sentiment Index #BroadFinance #MelbourneFinance See more

19.01.2022 Think you're too young to be a property investor? Think again! Did you know that more than 40% of Australian property investors are under the age of 50?* That means there's almost 900,000 property investors aged between 19 and 49 across the country.... If you'd like to help nudge that figure closer to the 1 million mark, then email [email protected] * ATO #BroadFinance #MelbourneFinance See more

17.01.2022 How long would you spend looking for your next home? When you add up all the hours spent researching properties, looking up lenders and applying for a home loan, most home buyers take 44 hours (longer than a full working week) to find their dream home.* And 80% of people say applying for a home loan is the most consuming, confusing and inconvenient part.... So feel free to ask for help - we can save you time and hassle by helping to arrange your financials and guiding you through the purchasing process. To find out more, email [email protected] *Source: 2020 St George Home Buying Survey #BroadFinance #MelbourneFinance

17.01.2022 What's the go with those 0% car finance offers? Like most things in life, when something sounds too good to be true, it probably is. And 0% car finance offers that dealerships spruik are no different, because they'll typically sell the car to you at a higher price than you’d be able to purchase it upfront for.... There may also be hidden charges and establishment fees that you might not find out about until it’s time to pay them. So how can we do it better? Our job is not only to get you a great loan with a low rate, but to negotiate on your behalf to ensure you pay a low price for the vehicle. We'll also make sure you're aware of all the relevant fees and charges that may be hidden in the fine print. So if a hot set of wheels has recently caught your eye, email [email protected] #BroadFinance #MelbourneFinance See more

17.01.2022 Beware of 'dodgy' door-to-door solar salesmen! A quick heads-up that home and business owners are being urged to be wary of buy-now-pay-later (BNPL) solar 'rip-offs'.* These kinds of BNPL offers might look attractive when spruiked by a smooth-talking salesman, but they can come with hidden costs and high penalties that aren’t fully explained. ... The Consumer Action Law Centre also warns the BNPL industry is not regulated the same way as other credit providers. To find out more, contact Broad Finance on: 07 5635 4368 [email protected] *Source: The Age #BroadFinance #YourTrustedFinancePartners #ChattelMortgage #CarLoans #EquipmentFinance #HomeLoans #Perth #Sydney #GoldCoast #SurfersParadise #Burleigh #GoldCoastProperty #GoldCoastFinance #SydneyProperty #PerthProperty #SydneyRealEstate #PerthRealEstate

16.01.2022 Been thinking about buying a new car to go exploring lately? You're not alone. Turns out that our inability to travel overseas at the moment is leading to a big increase in car purchases (always gotta be on the move!).... New car sales for November 2020 were 95,205, an increase of 12.4% on November 2019.* So if you've been thinking about buying a new car for personal or business use, email [email protected] * Federal Chamber of Automotive Industries #BroadFinance #MelbourneFinance See more

16.01.2022 Is now the right time to lock in your rate? The short answer is: it depends on your individual circumstances, preferences and loan. You might prefer to lock in a rate if you: ... - prefer to accurately plan your finances - are concerned you'd be unable to make repayments if rates rise - won’t suffer from FOMO if rates drop further. However, you might prefer not to lock in a rate if you: - are confident interest rates will continue to fall - don’t mind having some unpredictability in your financial planning - prefer to go with market rates. For the long answer, email [email protected]. #BroadFinance #MelbourneFinance See more

15.01.2022 The loyalty tax is real Borrowers with older mortgages typically pay a higher interest rate than customers on new loans* - it's called the 'loyalty tax'. If you have a loan that was written four years ago, there's a good chance you're paying an average of 40 basis points higher than you would be on a new loan. ... So when was the last time you refinanced? To find out more, email [email protected]. *Source: RBA #BroadFinance #MelbourneFinance

14.01.2022 Did you know more than a third of Australian homeowners are considering putting their property up for sale so they can take advantage of the current boom in prices? Here’s how to get your property looking spick and span for prospective buyers. Here’s how to get your property looking spick and span for prospective buyers.

13.01.2022 How green is your home? It's not (always) easy being green ... but it sure can add value to your home. Research shows that properties with high energy-efficiency ratings typically sell for up to 10% more*. ... Ways of boosting your property's green credentials include installing solar panels, insulation, double-glazed windows, draught sealing, batteries, and rainwater tanks. Have you been thinking of boosting your home's energy efficiency? If so, email [email protected] *Source: University of Wollongong #BroadFinance #MelbourneFinance

12.01.2022 Is it time to spring clean your finances? Rather than rolling up your sleeves around the house this spring, here are three ways you can spring clean your household finances. 1. Get rid of unnecessary transaction accounts. This can help you keep track of spending and save fees.... 2. Review your spending and update your budget. 3. Consider consolidating debts. This can help simplify repayments, save money and give you a clear timeline to being debt-free. If you'd like to find out more about ways of consolidating your debts, email [email protected] #BroadFinance #MelbourneFinance See more

11.01.2022 What you should know about comparison websites We've all held up the line um-ing and ah-ing over ice-cream flavours, so we know that choice can be overwhelming. Rating and comparison websites can be useful for bigger purchases - like TVs, washing machines and finance products such as home loans.... But while comparison websites can give you a rough idea of what's out there, many make money from showing sponsored links before non-sponsored links, and they usually only cover certain sponsored providers and products. How do we differ? We listen: we explore your financial goals and personal circumstances so that we can offer solutions that put your needs first, not the lenders'. To find out more, email [email protected] #BroadFinance #MelbourneFinance See more

11.01.2022 So it turns out the Murdochs aren’t alone when it comes to succession headaches. Apparently only one-in-six family businesses have a proper plan in place. But rest assured you can develop your own succession plan fairly painlessly, with the help of a new guide.

11.01.2022 What's stopping you from starting your own business? More than 9 million Aussies have dreamed of being their own boss and running their own business, but 60% say a lack of access to money holds them back*. What about you? Do you have a cracking business idea that could do with a bit of funding? ... *Source: YouGov #BroadFinance #MelbourneFinance

10.01.2022 Ever used Afterpay? You need to read this Buy now, worry about your bank balance later - there's no denying that Afterpay can be tempting. But it's not without its risks. While there (generally) aren't any credit report checks in the Afterpay approval process, it's important to note that Afterpay (and its competitors such as ZipPay) are still credit liabilities that need to be disclosed when applying for a home loan. ... And with the banks very stringent on who they lend to at the moment, your efforts to obtain a home loan could be hampered if you’ve racked up quite the Afterpay bill. So next time you've loaded up your online shopping cart at 2 in the morning, ask yourself: how will this look on my loan application? #BroadFinance #MelbourneFinance

09.01.2022 Want to pay off your mortgage four years faster Increasing your repayments by $50 a week could mean your home loan is paid off years quicker. Now, we know $50 is a lot of money for many people right now, but let's put it this way: by paying an extra $50 a week off the average mortgage ($400,000) you could save $46,992 in interest and pay off your home loan four years faster.* ... Even $20 a week could save you $21,281 in interest and enable you to be debt-free one year and nine months faster. Shout out if you'd like more tips on paying off your mortgage sooner or you want to discuss your refinancing options. We're always available - email [email protected]. *Source: AMP #BroadFinance #MelbourneFinance

08.01.2022 First home buyers wanting to crack into the property market can now use an interactive map to see how much their neighbours spent on average for their first home.

08.01.2022 How to avoid identity theft 1. Limit the amount of personal information you make available about yourself on social media, and don't click on random email links and attachments. 2. Shop online with caution - only provide your payment details to websites that begin with "https". ... 3. Pay attention to your bank statements and regularly check for irregularities. 4. Check your credit report online to see if any new accounts have been opened in your name. If this seems like overkill, consider that one in five Australians have had their personal information stolen at some point.* And if the thieves go on a spending spree in your name - taking out credit cards, and withdrawing money from your account - you could find it mighty hard to take out a loan on your next property. *Source: Veda #BroadFinance #MelbourneFinance

07.01.2022 Have you ever had your identity stolen? Australians lost more than $16 million to scammers last year*. But many won't know they've fallen victim to identity theft until they have trouble getting finance due to an inexplicably bad credit rating. ... That's why it’s important to check your credit report once a year - you can do so for free via Equifax, CheckYourCredit (illion) or Experian. *Source: ACCC #BroadFinance #MelbourneFinance

07.01.2022 Whenever we think of New Year’s resolutions, the first thing that comes to mind is a health kick. But here are three (easy) New Year’s resolutions that’ll help improve your financial wellbeing in 2021.

07.01.2022 Are there ways your business could improve cash flow? Poor cash flow typically causes more than half (51%) of all Australian business insolvencies,* and the COVID-19 pandemic has left even more businesses than usual under pressure. But if your business is having cash flow difficulties, there are some financing solutions that can help.... To find out more, email [email protected] *Source: ASIC insolvency reports #BroadFinance #MelbourneFinance

07.01.2022 Are you working from home due to COVID? If you are, you can take solace in the fact that Australian cities have been named the ‘world’s best’ to work from home. Residents were polled in 75 cities across the world,* with Melbourne (1st) and Sydney (3rd) both featuring in the top three. ... They were the only two Australian cities included in the poll, but we're confident the rest of our nation's cities would've done just as well! Have you thought about renovating your place to include a work studio lately? Or upgrading to a bigger house with an extra office or study? If so, get in touch today to discuss your finance options. To find out more, contact Broad Finance on: 07 5635 4368 [email protected] *Nestpick poll #BroadFinance #YourTrustedFinancePartners #ChattelMortgage #CarLoans #EquipmentFinance #HomeLoans #Perth #Sydney #GoldCoast #SurfersParadise #Burleigh #GoldCoastProperty #GoldCoastFinance #SydneyProperty #PerthProperty #SydneyRealEstate #PerthRealEstate

06.01.2022 How to beat mortgage stress Let's be real: 2020 has been a bit blurgh! For as many as 40% of Australian households, 2020 has been a time of mortgage stress*, with outgoing costs exceeding income. If you're feeling the strain, we might be able to help you:... - refinance to lock in a lower interest rate - consolidate your debts, which could help save you money and simplify repayments - switch to a home loan that better suits your current circumstances. To find out more, email [email protected] *Source: Digital Finance Analytics #BroadFinance #MelbourneFinance See more

06.01.2022 Ever thought about adding a granny flat to your property? Did you know that building a granny flat out the back of your property could boost the value of your home by 30% and add around 27% to rental income?* (not to mention help keep the in-laws at arm's length!) On average, constructing a two bedroom granny flat requires an initial investment of up to $200,000, while a one bedroom dwelling usually costs around $120,000. ... If you've thought about building one for a while and need finance, then email [email protected]. *Source: CoreLogic and Archistar #BroadFinance #MelbourneFinance See more

05.01.2022 Have you had to dip into your savings due to COVID-19? If so, you're not alone. A recent study suggests a third of Australians have dipped into their savings this year due to the pandemic.* Rest assured though there are ways we can help you reduce your monthly expenses, including refinancing your home loan.... If you'd like to find out more, email [email protected]. * MyState Bank survey #BroadFinance #MelbourneFinance See more

05.01.2022 We dream big in Australia. So it’s little surprise that when the Great Australian Dream becomes a reality it means bigger houses than anywhere else in the world, according to a new report.

05.01.2022 With 2020 finally done (good riddance), what's in store for 2021? Well, early signs for the housing market are promising. That's because properties across the country are being tipped to bounce back strongly and surge by 5 to 9% in value this year.*... So if you're thinking of purchasing a new property soon, email [email protected] * SQM Research #BroadFinance #MelbourneFinance See more

05.01.2022 Ever sent money to the wrong person? Hey, mistakes happen! But if you spot a transaction error, the sooner you report it, the better your chance of getting your money back. The Financial Ombudsman says if you report a mistake to your bank within 10 business days the funds will be returned to you. If it's between 10 business days and seven months, you still have a reasonable chance of getting your money back. ... After seven months? Well, then you'll need the recipient to agree. Have you ever made a transaction error? And did you get the money back? *Source: RBA 2018 Payment Systems report #BroadFinance #MelbourneFinance

04.01.2022 Thought about buying a boat and hitting the water lately? With international travel off the table for now, more Australians are discovering what our nation's coastal areas have to offer instead. Market research indicates there's been a 50% rise in used boat sales, and a 20% increase in new boat sales since 2019.* ... Have you been thinking of buying a boat and exploring our country's beautiful waterways too? If so, get in touch today to explore your finance options. To find out more, contact Broad Finance on: 07 5635 4368 [email protected] * Yahoo Finance article #BroadFinance #YourTrustedFinancePartners #ChattelMortgage #CarLoans #EquipmentFinance #HomeLoans #Perth #Sydney #GoldCoast #SurfersParadise #Burleigh #GoldCoastProperty #GoldCoastFinance #SydneyProperty #PerthProperty #SydneyRealEstate #PerthRealEstate

04.01.2022 Rent prices have hit record highs in most capital cities The national median rent price soared 13.7% over the past year to a record $508 per week.* So if you're sick of paying (increasing) rent to your landlord and want to make the leap into home ownership, give us a call today.... Part of the home-buying solution could include the First Home Loan Deposit Scheme, which allows eligible applicants to purchase a property with a 5% deposit without paying for LMI. There's also a similar 2% deposit, no LMI scheme for single parents, too. To find out more, contact Broad Finance on: 07 5635 4368 [email protected] *SQM Research #BroadFinance #YourTrustedFinancePartners #ChattelMortgage #CarLoans #EquipmentFinance #HomeLoans #Perth #Sydney #GoldCoast #SurfersParadise #Burleigh #GoldCoastProperty #GoldCoastFinance #SydneyProperty #PerthProperty #SydneyRealEstate #PerthRealEstate

03.01.2022 Did you hear the good news? The HomeBuilder scheme has been extended until March 31! Contracts signed between January and March will now attract a lower rate of $15,000 (down from $25,000), but hey, that's still nothing to sneeze at. The good news is that the property price caps have also been lifted to $950,000 in NSW and $850,000 in Victoria (but it'll stay at $750,000 for everywhere else).... To find out more, email [email protected] #BroadFinance #MelbourneFinance See more