madLoans in Launceston, Tasmania | Mortgage brokers

madLoans

Locality: Launceston, Tasmania

Phone: +61 413 863 076

Add/Update information

Reviews

Tags

• Property
• Mortgage brokers

24.01.2022 How to Bid Confidently at Auction When property markets are hot, it’s very common to see a lot of properties listed to sell via the auction process. In the current market, we are seeing very strong auction clearance rates that are regularly above 80% in both Sydney and Melbourne, which is a clear sign of a seller’s market....Continue reading

16.01.2022 What to Expect When Preparing to Buy a Home Buying a home can be a daunting task, and for most people, it is the biggest financial decision they will ever make. For that reason, it is important to understand the steps involved in buying a home and what to expect at each stage....Continue reading

09.01.2022 Identifying Growth Suburbs Property prices across the country are rising dramatically in 2021. However, there will be some suburbs that outperform the rest. When you set out to buy a home or an investment property, it’s well worth taking the time to analyse the different suburbs that are of most interest to you and try and find the one that could outperform.... Supply and Demand On its most fundamental level, house prices will rise fastest in areas where demand outstrips supply. Across the country, we are seeing many suburbs where supply is very tight, thanks to a low level of listings. Generally, a good way to assess the supply side of the equation is by looking at how many listings are available in a suburb. You can then compare that with how many sales there are over the course of a year. If you’re buying a property, you want to identify a suburb that has few listings and high annual sales. That suggests there is strong buyer demand and few properties for sale. The second part of the supply and demand equation is based on the type of property you’re buying. If you are looking to buy a property in an off-the-plan high-rise, you have to consider the fact that there is not any real supply shortage here. That oversupply of properties that are all exactly the same will clearly weigh on price going forward. The same thing is true in new housing and land developments in the outer suburbs of most cities. There is no supply pressure here either, so these types of areas are not likely to grow in any meaningful way. Look for the established suburbs with tight supply and steady demand. Amenity A suburb sees property price growth over time because people want to live in that area. If you were to buy a home, what would you consider to be the most important things about a particular suburb? It could be that the suburb is in a good school zone, it might be near the beach or a river, there could be great shopping options or a great cafe and restaurant strip. It’s these types of factors that boost demand and will see prices rise over the long term. Zoning Changes One of the most important elements of a property or piece of land is what you’re able to do with it. Across Australia, councils have different rules pertaining to what you can build on your piece of land, based on its size and the overall zoning. These rules can be enforced at the local government level or state level. Simply put, the more things you can do with a piece of land, the more valuable it becomes. Think about a vacant block of land on which a developer could build a 20-story apartment building. That piece of land is much more valuable than a parcel of land the same size on which that type of development is not allowed. Before buying a property, think about what you might be able to do with it. You might not be able to afford to develop a 20-story building, but if the zoning allows for it in the future, you might be able to sell it at a handsome profit.

07.01.2022 How to Speed Up Your Home Loan Application With the property market red hot, it’s vital that you are able to act fast when the time comes. The best way to do this is to have your finance already organised. Here are some important tips to speed things up:... Start Saving - If you’ve got a sizeable deposit, your choice of lenders and home loans is going to be better. Start saving now so when the time comes you have more options. Reduce Debts - A lender is going to like the look of your application if you don’t have other debts hanging over your head. Improve Your Credit - Pay your bills the day you receive them and always pay off your credit card. This will boost your credit rating and lenders will be a lot happier. Organise the Paperwork - Make sure you have everything together, including ID, payslips, bank statements and details of any assets. Get Pre-approved - This will give you a clear idea of how much you can spend, and it will give you the confidence to act when you find your dream home.

06.01.2022 What’s Driving the Hot Housing Market? It’s clearly a seller’s market across Australia at the moment, with the pace of growth currently at record levels. What’s behind the property boom?... Higher Demand Lack of Quality Stock on the Market Record Low Interest Rates Stamp Duty Incentives First Home Buyer Incentives Building and Construction Incentives In a seller’s market, buyers need to be organised and act fast. Getting pre-approved should be your first step, and it will also make your offer look a lot stronger.

05.01.2022 Blue-Chip vs Cashflow Property The two most common property investment strategies that Australian investors use are to seek capital gains through buying blue-chip property and to look for higher yields outside the capital cities. For the most part, there is no right or wrong answer. However, if you execute either strategy incorrectly, you could run into problems....Continue reading