Mortgage Channel in Artarmon, New South Wales, Australia | Property

Mortgage Channel

Locality: Artarmon, New South Wales, Australia

Phone: +61 423 255 525

Address: 4 Palmer Street 2064 Artarmon, NSW, Australia

Website: http://mortgagechannel.com.au

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25.01.2022 Highly likely there will be another rate cut this Thursday to 0.25%! Updates to come.... #coronavirus

25.01.2022 Latest news ANZ & Resimac is passing on the full 0.25% Westpac cuts rates by 0.20% for owner occupiers and 0.30% for investors with interest only repayments... CBA is passing on 0.19% rate cut to its principal & interest customers, but the full 0.25% to interest only customers NAB passing on 0.19% rate cut Macquarie passing on 0.2% ME Bank passing only 0.15% Another month, another rate cut! RBA cash rate now a record low - 1% Interesting to see what the banks do now. We will edit this post with updates as the banks announce how much they will pass on. Watch this space!

25.01.2022 What's everyone's take on today's rate announcement? Some observations - One year bond yield hitting all time low below 0.5%... - Betting sites no longer offer betting on today's rate cut - Coronavirus fears spreading in Australia - ANZ recently dropping their fixed rate I'm calling a rate drop for today! Watch this space.

23.01.2022 What a day! The Melbourne Cup and another Interest Rate drop! Here's a quick update from us :)

23.01.2022 Its Kats birthday!! Hip hooray!!

22.01.2022 Whats everyones take on todays rate announcement? Some observations - One year bond yield hitting all time low below 0.5%... - Betting sites no longer offer betting on todays rate cut - Coronavirus fears spreading in Australia - ANZ recently dropping their fixed rate Im calling a rate drop for today! Watch this space.

22.01.2022 For those who don't know, Michael is a hugeee footy fan. So it was no surprise when former professional NRL player Matt Srama got in touch he was a tad excited to say the least. Since meeting him a few years ago and helping him through his investment journey, Matt has turned his passion into a new career. Starting his own buyers agency The Srama Group, Matt partners with buyers wanting to purchase in the Gold Coast, helping them find and negotiate on property based on their ...goals. Head over to his website to find out more www.thesramagroup.com or follow him on social media to see some of his great content. Instagram (https://www.instagram.com/matt_srama/?hl=en) & Facebook (https://www.facebook.com/matt.srama.39) In the meantime, is now a good time to buy?

22.01.2022 Looking back, 2018 has been a huge year for Mortgage Channel. We won multiple awards including MPA Top 100 Broker in Australia, John attained his Mortgage Broking license and our team expanded with Kat joining onboard. All of this would not be possible without your support - we are so appreciative, thank you. We wish you and your family a Merry Christmas and Happy New Year!... Best wishes, Michael, John, Kat

21.01.2022 Theres been a lot of talk in the media over the past few weeks about the recommendations from the Royal Commission that heavily impacts the Mortgage Broking industry. Michael explains the proposed changes in a nutshell and what this means for you as a consumer and who the winners and the losers are. If you would like to show your support, please sign the petition here (it takes less than a minute!): https://www.change.org/p/federal-treasurer-josh-frydenberg-

21.01.2022 CBA - Full 0.25%, effective 24th March WBC - Full 0.25%, effective 17th March NAB - Full 0.25%, effective 13th March... Firstmac - Full 0.25%, effective 26th March ANZ - Full 0.25% on all P&I loans & 0.35% on Investment IO loans, effective 13th March Macquarie - Full 0.25%, effective 19th March Liberty - Full 0.25%, effective 24th March ING - Full 0.25%, effective 18th March Pepper - Full 0.25%, effective 16th March More updates to come....

20.01.2022 Turn back the clock to Michaels first podcast on Smart Property Investment How property helped me quit the rat race. At the time, Michael had 14 properties in his portfolio. Initially he wasnt driven by a hefty retirement goal he just wanted to quit corporate and spend more time playing touch footy. Listen now and drop us a message if you have any questions or would like us to help us with your goals.... https://soundcloud.com//how-property-helped-me-quit-the-ra

20.01.2022 Had an interesting conversation with another keen investor over the weekend. The discussion was what non-property related books have helped us the most in our property journey. Below is my top 5 and a short snippet on why its helped. Personality Plus by Florence Littauer - property investing involves dealing with people. Improve your communication & negotiation skills by understanding others better Slight Edge by Jess Olson - bring print & formula to success in all areas of ...life Richest Man in Babylon by George S. Clason - if it worked 8,000 years ago, its going to hold some truths today The Magic of Thinking Big by David J. Schwartz - its all in the mind. By thinking bigger, we can achieve so much more Think and Grow Rich by Napoleon Hill - very dense and rich in content. Great insights and studies on those who accumulated wealth Love to hear from others and what books have helped you in your journey and why! Cheers, Michael

19.01.2022 ... And the RBA has cut rates to a record low of 0.25% - that's twice in one month! What do you think the banks will pass on this time?

19.01.2022 You may remember Frank Matina, fitness guru from Melbourne having being featured on our page before. Having made his 5th property purchase recently he has just reached his goal of having a $2 million portfolio by the age of 28. His only regret? Not starting earlier... Congratulations Frank! So proud of what you have achieved so far. Now onto the 6th

19.01.2022 If you call Michael and he sounds a little tired, it's because this little angel came into our lives on Sunday. We are so excited to welcome Zoe Sky Xia into our family! Both Jo and Zoe are doing well :)

18.01.2022 Happy New Year from the Phillipines!

18.01.2022 Some great new for investors in Queensland that have tenants who are unable to pay rent because theyve lost their job due to the Corona Virus. A grants system has been established for people in the private rental market who lost their job, who wont get Centrelink support until at least April 27 and who cant make rent. The QLD government will provide up to $500 per week for four weeks (and paid to the landlord) to help renters with rental payment while waiting for income su...pport. For more details: https://www.qld.gov.au//ren/bond-loan/covid19-rental-grant https://twitter.com/9newssyd/status/1245516770154348549

18.01.2022 We are so happy to see our friend and client @Ko Ko Naing being featured in this months issue of Your Investment Property magazine! Ko Ko came to us 5 years ago wanting help with growing his property portfolio to ultimately achieve financial freedom. At the time, he had 3 investment properties valued at $900k and was working in a corporate engineering role in Melbourne. Fast forward to today, he has 8 properties valuing over $3M and is now helping others achieve the same thing by becoming a Mortgage Broker himself. We are so proud of everything you have achieved so far Ko Ko!

18.01.2022 An interesting read this morning. Does this 20 year graph of property prices in Australia reveal whats really happening in slumping property markets and whats going to happen next? https://www.news.com.au///eb428e6a50c6546d1195e7e42358faea

18.01.2022 We don't just help seasoned investors here at Mortgage Channel. Nothing beats the satisfaction of helping first home buyers enter the property market. Massive congrats to Marcus & Antonia on their first home purchase. Through all the near misses and lows of property hunting, am sure it's now all worth it!

17.01.2022 Our dear friend and client, Jyh Kao shares his property investment journey and the key lessons he's learnt in this month's Your Investment Property Magazine online. We're so excited to see you build your portfolio and be apart of your journey. These words we couldn't agree with more! I personally think the biggest challenge in investing is your mindset and relationship with money. A lot of people I talk to are afraid of taking on debt but I learnt if productive debt is st...ructured and leveraged correctly it can help compound your wealth far greater than if you did nothing. https://www.yourinvestmentpropertymag.com.au//how-i-built-

17.01.2022 We recently found these newspapers from the 1960's whilst renovating a property in Brisbane. It's fascinating to see how things have changed in just 60 years. The currency was in pence, shillings & pound. Grocery & department names were unrecognisable, interest rates at 9%! A brand new car cost 952. To put things in perspective, an average male salary was around 433 per year and the average house price was around 3,000. The key take away for me is inflation. Imagine holding onto the 3,000, leaving it in the bank to earn inflation each year. In today's terms it will be worth around $120,000. Hardly enough to purchase anything today!

17.01.2022 It's great that quite a few of our clients have been investing in Brisbane over the past few years. Very pleased to see the market moving, this is just the beginning. Exciting times ahead https://www.domain.com.au//brisbane-house-prices-hit-rec/

16.01.2022 We dont usually focus solely on interest rates for home loans as there are many other contributing factors depending on each persons goal. However, this new offer was too good not to share as its the lowest we have seen from a major bank in a while now. One of the major banks is offering a 3.99% interest only fixed for three years for investment loans. If you are interested in locking in your rates or would like to know more, please give Michael a call on 0423 255 525 or ...email [email protected] Terms and conditions: Interest Rates are correct as at 20/02/2019 and subject to change at any time. The comparison rate is based on a loan amount of $150,000, over a 25 year term. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms, conditions, fees and charges apply and your full financial situation would need to be reviewed prior to acceptance of any offer or product.

16.01.2022 Following on from last weeks announcement by the RBA to cut the cash rate to 0.1%, we were hoping that the lenders would pass on the full rate cut. The big four banks have reduced their fixed rates but their standard variable rates remain unchanged. In saying that, we've had some good success negotiating variable rates for our existing clients. We are currently working through our database and seeking better rates for all our customers. If you would jump the queue type 'Better Rates' or give us an emoji in the comments section below

15.01.2022 Hi all, Has COVID impacted you and your family? I’ve attached a list of lenders with more information on the assistance they are providing and their contact details. ... Patience might be needed given the volume of calls some are receiving. We are absolutely here to support you as well, so call me directly if you have any questions Adelaide Bank 1300 650 259 https://www.adelaidebank.com.au//financial-difficulty-ass/ AMP 13 30 30 https://www.amp.com.au/home-loans/financial-hardship ANZ 1800 252 845 https://www.anz.com.au/a/sustainability/financial-hardship/ Bankwest 1300 769 173 https://www.bankwest.com.au//guides/financial-hardship-ass CBA 13 30 95 https://www.commbank.com.au/suppo/financial-difficulty.html Firstmac 1800 651 898 https://www.firstmac.com.au/products/faqs Homeloans - Resimac 1300 793 741 https://www.resimac.com.au/hardship-resimac-funded-loans Homeloans - Pepper https://www.resimac.com.au/hardship-wholesale-partner-funde Liberty 13 11 33 https://www.liberty.com.au/about-us/covid-19-update Macquarie 1300 363 330 https://www.macquarie.com//disclos/financial-hardship.html NAB 1800 701 599 https://www.nab.com.au//help-and-guidan/financial-hardship Resimac 1300 793 741 https://www.resimac.com.au/financial-hardship-assistance Pepper Money 1800 356 383 https://www.pepper.com.au//c/financial-hardship-assistance Westpac 1800 067 497 https://www.westpac.com.au///customers-financial-hardship/ If you have any questions, please feel free to call us. We are open, and helping all our clients, friends and family as per normal. We will get through this & stay safe, Michael

15.01.2022 Winter may be passing? Once we hear any changes on bank servicing will be sure to let everyone know! Exciting times ahead https://www.apra.gov.au//apra-proposes-amending-guidance-m

15.01.2022 A big thank you to everyone we've had the pleasure of meeting and helping this year. From the bushfires, floods, pandemics and uncertainty in the property market, it's certainly been a trying year! Through hard times we rise together and am sure 2021 will be a better year. A big thank you for everyone's continued support. We wish you and your family a safe and rejuvenating break, and a wonderful New Year! We look forward to seeing you all on the other side

14.01.2022 Interesting to see banks passing on bigger discounts for investment Interest Only. How times change in the lending environment! Watch this space as banks pass on their rate cuts. ANZ - effective 11th October... 0.25% for IO Investment Loans 0.14% for P&I Investment Loans 0.14% for Home Loans CBA - effective 22nd October 0.25% for IO Investment Loans 0.13% for P&I Investment Loans 0.13% for Home Loans NAB - effective 11th October 0.3% for IO Investment Loans 0.15% for P&I Investment Loans 0.15% for Home Loans

14.01.2022 Happy Friday Everyone! Were excited to be featured in MPA magazine on how Michael reached the 2018 Top 100 Brokers in Australia.

14.01.2022 A big thank you to all our clients who take the time to leave us a review It’s always so rewarding to hear that we have been able to help with achieving your goals, whether it be an investment or your dream home. Thanks so much Daniel!

13.01.2022 We dont just help seasoned investors here at Mortgage Channel. Nothing beats the satisfaction of helping first home buyers enter the property market. Massive congrats to Marcus & Antonia on their first home purchase. Through all the near misses and lows of property hunting, am sure its now all worth it!

13.01.2022 Oh how time flies! It was just four years ago in 2014 when Michael was first featured on the Australia Property Investment Magazine. Since then, Michael has continued on his property investment journey and has doubled his portfolio and is now is close to achieving his goal of reaching 35 properties by 35. His top 5 tips still apply today: 1. Set your goals 2. Form a team... 3. Invest in yourself 4. Follow the numbers 5. Take action Read more here: https://mortgagechannel.com.au//2016/08/Michael-Xia-profil

11.01.2022 Weve been a little quiet over the last few weeks for a good reason :) Ive made the biggest investment decision of my life and excited to say that Ive married the girl of my dreams - Jo. Words cant describe how grateful, lucky and excited I am to share the rest of my life with her.... Here is a little clip of our special day. Michael https://vimeo.com/358988317

11.01.2022 Hi all, Has COVID impacted you and your family? Ive attached a list of lenders with more information on the assistance they are providing and their contact details. ... Patience might be needed given the volume of calls some are receiving. We are absolutely here to support you as well, so call me directly if you have any questions Adelaide Bank 1300 650 259 https://www.adelaidebank.com.au//financial-difficulty-ass/ AMP 13 30 30 https://www.amp.com.au/home-loans/financial-hardship ANZ 1800 252 845 https://www.anz.com.au/a/sustainability/financial-hardship/ Bankwest 1300 769 173 https://www.bankwest.com.au//guides/financial-hardship-ass CBA 13 30 95 https://www.commbank.com.au/suppo/financial-difficulty.html Firstmac 1800 651 898 https://www.firstmac.com.au/products/faqs Homeloans - Resimac 1300 793 741 https://www.resimac.com.au/hardship-resimac-funded-loans Homeloans - Pepper https://www.resimac.com.au/hardship-wholesale-partner-funde Liberty 13 11 33 https://www.liberty.com.au/about-us/covid-19-update Macquarie 1300 363 330 https://www.macquarie.com//disclos/financial-hardship.html NAB 1800 701 599 https://www.nab.com.au//help-and-guidan/financial-hardship Resimac 1300 793 741 https://www.resimac.com.au/financial-hardship-assistance Pepper Money 1800 356 383 https://www.pepper.com.au//c/financial-hardship-assistance Westpac 1800 067 497 https://www.westpac.com.au///customers-financial-hardship/ If you have any questions, please feel free to call us. We are open, and helping all our clients, friends and family as per normal. We will get through this & stay safe, Michael

11.01.2022 What an amazing two weeks its been, road trip from Sydney to Brisbane! Some highlights & insights: Logan market is much quieter. A lot less investors out and about due to APRA & lending restrictions. Starting to see prices similar to what they were in 2014.... Picked up two properties 1. Renovated 3 Bedroom 1 Bathroom on 600sqm for $235,000. Nothing to do and will rent for $320/week. 2. Brick & Tile 4 Bedroom 2 Bathroom on 600sqm for $325,000. Minor cosmetic touch up and will rent for $400/week. Incredibly good value considering a 600sqm vacant block of land in the area sells for $230,000 - $240,000. Visited Rolf, good to back in the office to where it all started. Great team dinner and catching up with friends. And of course, checked out several coral suppliers & shops, good haul of corals to go into the display tank

11.01.2022 Michael enjoyed the morning with Vache Aknian for his brand new podcast The Break Point Podcast, launching very soon! The show takes listeners through the journey of entrepreneurs and how they started their business. Its Michaels most intimate podcast to date - coming soon!

10.01.2022 Happy Birthday and Merry Christmas to Katrina Joven-Danganan! Thanks for an amazing year!

09.01.2022 We had a wonderful time at the 2019 Choice Platinum Achievers event in Auckland New Zealand. It was a great week of catching up with other brokers, conferences and exploring this beautiful country!

08.01.2022 Borrowing has finally become easier! ANZ has made the first move by dropping the assessment floor rate from 7.25% to 5.5%. Im sure other lenders will be following suit very soon. Exciting times ahead for those looking to increase their borrowing power.

07.01.2022 Have Australian house prices really increased significantly in the last 50 years? Or maybe factoring inflation, lower interest rates and government subsidies the market hasn't really moved that much after all? We came across this awesome article from datamentary using data visualisation charts measuring against inflation, income and interest rates which really help put things into perspective. Check it out and let us know what you think in the comments below ... https://datamentary.net/australian-house-prices-over-the-/

07.01.2022 We are super proud of this client were about to introduce to you. He has already achieved so much at his age, hes hardworking, motivated and an inspiration to young investors. Give it up for Frank everybody! Whats your occupation? I work full time as a warehouse manager, and part time run my own personal training business - FitnessTech Personal Training... How many properties do you own? I own 4 properties (2 W Melbourne, 2 SE Brisbane) at 26 years old. My goal is to have 10 quality investment properties by 30 to set me up for the future. When did you start investing in property? Started investing at 21 years old, I worked 2-3 jobs for a while to get that first deposit. How did you get into property investing? As soon I got an income, I gave myself a rule of saving 50% and allowed myself to spend 50%. After 7 years of hard work, I saved a good amount of money, realising early on the bank wasnt paying much interest. I also realised I could not save my way to wealth, so I decided to put it in a vehicle, I chose property! This was and still is a good hedge to me spending haha Whats your investment strategy? I like to buy and hold positive cash flow properties, I aim to buy properties under market value so we have already made money on the way in and it also allows us a buffer for market movement. It also doesnt effect me too much financially and Im holding for 10 years+ so this will allow for capital growth. Renos are a good way to add value, but I have never needed to touch any of my properties just yet. Why are you sacrificing so much at a young age? I get asked this a fair bit. I think its important, I dont want to be limited, I want freedom and choices, Im now setting seeds for my future and my familys future. So Im prepared to put in the hard yards now, so when Im 35+ I can really sit back and enjoy life. Plus I have a big work ethic, I like working hard and smashing goals, I like being a productive person, always wanting to test myself. I still go out often and have traveled a bit but still have that end goal keeping me accountable and frugal at times. What do you like about Mortgage Channel? When I started working with Michael and his team at Mortgage Channel, he really opened my mind to whats possible, gave me confidence in my purchases and goals. The Mortgage Channel has a excellent team, they are quick, organized and have great communication. Michael has become a good friend & mentor, I look forward working together more.

06.01.2022 It always puts a smile on our face when we hear positive feedback from our clients :) We love what we do!

06.01.2022 Another great season of touch footy. Just came up short in the grand final losing 9-10! We will get them next season

06.01.2022 A new historic low - 0.75% The key now is what the banks will pass on?

06.01.2022 Merry Christmas

04.01.2022 Michael Xia on Conservative Choices in Portfolio Building Listen to the full episode here http://propertyinvestory.com/podcasts/... Michael Xia the founder of Mortgage Channel has a portfolio of over twenty properties thanks to his strict mindset and conservative approach when it comes to investing. Focused on helping his clients achieve the same success, well learn about the strategies and processes Xia goes through when dealing with customers before delving into the nitty gritty details about how he got into property. Well learn about the interesting reasons why Xia doesnt consider property a passion of his, the conservative rather than risk taking opportunities that have landed him success and why he prefers to the strategy of buying and holding rather than flipping and selling. Following this well delve further into his personal story by talking about the property investors he met along the way, the mentors that inspired him, the ups & downs hes had and much much more.

03.01.2022 Michael will be in Brisbane/Gold Coast next Thursday to Saturday, March 14 - 16 to meet clients and to go see a few open homes (and maybe visit a coral store or two... ). If youd like to have catch up over a coffee, drop us a message or contact Michael directly on 0423 255 525.

03.01.2022 APRA has just announced it will remove its restrictions on interest-only mortgage lending. Could this be the start of easing lending conditions? https://www.smartpropertyinvestment.com.au//19004-win-for-

02.01.2022 Well, we picked up! Rate cut to historic low - 0.5% Now the important question is how much the banks will pass on? We will post updates as they come through!

02.01.2022 ... And the RBA has cut rates to a record low of 0.25% - thats twice in one month! What do you think the banks will pass on this time?

01.01.2022 CBA passes on the full 0.25% rate cut! Rates to take effect from 25th June 2019 https://www.afr.com//cba-passes-through-rate-cut-in-full-2