Colin Rice | Property

Colin Rice

Phone: +61 410 614 306

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• Financial consultant

23.01.2022 Top Ten Perth suburbs for rental yield.

23.01.2022 The latest update for mt Success development; -External plaster work is done -Ceiling materials delivered -Ceiling confirmed for 16-17/7... -Set plasterer confirmed for 18/7 -Window glazing confirmed for 24/7 -Door delivery 24/7 -Lock up booked 25/7 -Sani booked 27/7 -Cabinets booked 31/7 See more

23.01.2022 WA Property Market is on the rebound.

21.01.2022 Just got another update on my Success retain and build development. Things are progressing nicely and should be ready for occupation by August. - Brickwork complete - Roof Timber delivered - Roof Carpenter confirmed for start tomorrow

21.01.2022 Do you need access to funds to run your business? Get in touch with me today if you want to access funds based purely on your credit score. No financials required. You will need to have an ABN as well as be registered for GST to be considered.

21.01.2022 Just got an update on my Success retain and build development. Things are progressing nicely and should be ready for occupation by August. - Brickwork is around 60% -Plate high should be mid next week (public holiday tomorrow) -Timber and roof to be booked in early next week

19.01.2022 Jarrad Mahon from Investors Edge picked this a few years ago from memory? https://www.watoday.com.au//the-perth-suburbs-that-haven-t

17.01.2022 Terry Rider from Hotspotting.com.au is talking Perth up.

17.01.2022 Why we have 55% market share and growing.

15.01.2022 Another building company goes into liquidation.

15.01.2022 The latest update for my Success development; - Welding for tie downs and steel columns done - Gutter installed - Roof cover due by 22/6... - Plastering sand to be delivered Monday - Plastering to begin once the house is covered and dry See more

15.01.2022 Would you like a no obligation, no cost review of your current cover in regards to life & income protection cover? Chances are that you either/or; - underinsured - have a group policy that has a pay to claim ratio of less than 50% (the service provider I use has 95%+) - have the wrong structure in place that is causing a burden on cash flow ... Get in touch today if you would like to learn more. See more

15.01.2022 *****ATTENTION FUTURE PROPERTY DEVELOPERS***** In this video I discuss the issues you may likely come across in your property journey as well as how to get an NRAS allocation for your development stock.

14.01.2022 This is the proposed outcome from the RC, that is, you the consumer will now pay a fee to both bank and broker in order to apply for a home loan.

14.01.2022 In the Royal Commission into the finance sector their has been a lot of misinformation been spread about brokers in an attempt to regain control.This is the truth on the matter!

13.01.2022 How's your suburb tracking, check out these tables ordered from highest growth to lowest "growth".

13.01.2022 Interesting comments from a WA Real Estate stalwart. I do concur.

11.01.2022 Thanks to Amit Khokhar from Professionals Wanneroo for asking me to share 3 tips when considering financing a property.

11.01.2022 Do's and donts that will effect your credit score.

11.01.2022 Latest update on my Success retain and build. Coming together nicely. - Roof frame complete - Plumbing tube done - Electrician to do run in etc on Monday 28/5(waiting synergy ... number) - Welder to extend column and secure tie downs following power connections - Roof to be booked following tie downs completed See more

09.01.2022 In this video we talk about how I saved a client 70k on the original asking price. If you need help with negotiations on a property purchase we at CDR FINANCE can go into bat for you, and of course we also arrange the finance, correctly structured in line with you short, medium and long term goals.

07.01.2022 The power of an offset account used correctly;

07.01.2022 For all the people who want a property crash as per Bill Shortens plan which I believe is just to get votes and won't be implemented, be careful and aware what you are wishing for.

07.01.2022 "Your broker behind you" - Mortgage Finance Association of Australia has been launched so kudos. I predict mortgage broker market share will go from just over 50% to 70% by 2021. "Industry body Mortgage Finance Association of Australia launches their campaign showing how mortgage brokers help Australians secure finance for more than half of all home loans every year. They provide more choice, keep lenders competitive, and help Australians, like you, find a fairer deal"

06.01.2022 This months residential property clock tags Perth at the bottom of the market. Heres hoping the next 2 years bring good fortune to Perth once again. If you are looking to invest in property get in touch with me so I can run the numbers for you and formulate a plan to achieve and exceed your goals.

06.01.2022 Banks behave badly and brokers get punished. Rates will rise and advice and guidance will be limited to a bank officer if the RC recommendations are implemented. We will likely go into a deep recession as well.

06.01.2022 Deloitte released a report on the value mortgage brokers bring to the consumer..

05.01.2022 Latest progress update for my Success development; - Float render done - Cabinet measure done - External render to be done this week... - Ceiling fit 12-13/7 - Set booked for 16/7 - Glazing booked for 23/7 - Door delivery 24/7 - Lockup booked for 25/7 (TBC) See more

05.01.2022 *****ATTENTION ASPIRING PROPERTY INVESTORS***** In this video I share 3 tips on how to get started ; #1 Get a Finance Broker who is experiencd in small scale development finance to run the numbers... #2 Adopt a strategy that will facilitate your goals. #3 Selecting a builder and the importance of doing your due diligence. If you have any questions feel free to contact me via the following; F: Facebook Messenger or comment below E: [email protected] M: 0410 614 306 W: www.cdrfinance.com.au

04.01.2022 This could be interesting?

04.01.2022 ***** 3 IMPORTANT ASPECTS TO CONSIDER WHEN PURCHASING A PROPERTY WITH SPECIAL GUEST MELISSA DIXON FROM MDH LEGAL ***** In WA it is very much a case of buyer beware, therefore it is best practice to get a settlement agent / property lawyer to go over your contract (also called O&A or Offer & Acceptance) before signing on the bottom line. Mel and her team offer this as part of their settlement service so get in touch with MDH Legal for great advice and service - http://www.mdhlegal.com.au/

03.01.2022 *****3 TOP TIPS TO CONSIDER BEFORE SELLING YOUR HOME***** Luke Holmes from Defreitas & Ryan Realty located in Wanneroo shares 3 of the top considerations a seller needs to take into account BEFORE listing thier property for sale. 1. Selecting an agent 2. Preparing your property for sale... 3. Setting a realistic asking price Lukes contact details are; Luke Holmes M: 0402 352 298 E: [email protected] A: 915 Wanneroo Rd, Wanneroo WA 6065 W:https://www.defreitasryan.com.au/agencies/wanneroo-office/

03.01.2022 "Please share this post"! *** Yesterday the CBA strongly proposed to the Royal Commission that all home loan borrowers be legally required to pay $2,300 to Mortgage Brokers every time they want a home loan. The bank wont pay the broker as they do now, instead you will. *** Over the past 30 years, whether or not you have personally used a Mortgage Broker, by providing competition and promoting cheaper lenders, the Mortgage Broking industry has halved the profit margins of the... Big 4 Banks, as this graph shows. The outcome of interest rates returning to the pre-broker levels will be about $8,000 per year on an average home loan. So if you have a mortgage your repayments will go up, if you are a tenant your rent will go up. The Big 4 regained some profits during the GFC when they were approved by Labor to buy the smaller lenders such as St George Bank, Aussie, Rams and BankWest but the popularity of brokers again pushed their profit margins (that you pay) back down. Currently around 53% of borrowers use a broker and around 65% of first home buyers do. No one has to use a broker, they choose to because it suits them. Every year more borrowers choose a broker over their bank. Yet the Royal Commission is being told by the CBA and Westpac that brokers are bad for borrowers. No, but we are just bad for bank profits. Why would more and more borrowers freely choose a broker if it wasnt in their best interests? If this happens it will mean borrowers will be forced back to their bank manager and brokers wont be viable anymore. Then the Big 4 will be able to restore their profit margins to what they had before brokers. That means higher interest rates for everyone. The only thing that keeps the banks even slightly honest is fair competition. They are trying to trick the Royal Commission into getting rid of that competition for them. If this happens, the outcome of the Royal Commission will be the complete opposite of what was meant to happen. More power and less competition for the Big 4 Banks and higher profits at all our expense. The banks have already raised interest rates and reduced peoples borrowing capacity, using the Royal Commission as their excuse. It is lower income families and first home buyers who will be most hurt by this. At this stage the Liberals have shown they understand this blatant attempt at profiteering by the banks and to twist the Royal Commission into their favour but Labor does not."

02.01.2022 As predicted - the Big 4 banks have announced increased variable interest rates for new and existing clients. CBA are going up 0.15% ANZ are going up 0.14%... NAB TBC WBC announced last week a 0.14% increase Watch this space - there's likely to be a whole lot of smaller/second/third tier lenders increasing variable rates in the near future.

02.01.2022 *****ATTENTION SMALL BUSINESS OWNERS***** - Are you struggling with cash flow - Would a 50k unsecured line of credit based on your credit score help you solve your pain? - To find out more contact me on; ... M: 0410 614 306 E: [email protected] W: www.cdrfinance.com.au BASIC CRITERIA TO QUALIFY TO APPLY AS FOLLOWS; - ABN + registered for GST - Clean credit (no defaults) - Drivers Licence - Medicare card - Debit or credit card - Business bank account - ABN registered address Get in touch today to see what's possible. M: 0410 614 306 E: [email protected] W: www.cdrfinance.com.au