PPWA888 Pty Ltd | Property developer

PPWA888 Pty Ltd

Phone: +61 419 888 501

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25.01.2022 Well the Australian Public has spoken and backed ScoMo to steer the Australian economy for the next three years. What does this mean for the average Australian ...home owner? A Lot! If you want to buy your first home, you can with confidence! A new scheme will help bridge the gap by guaranteeing the 15% normally covered by LMI potential without the cost of $10,000 to $15,000 having to be found for that insurance (We will have to await the finer details), No changes to negative gearing, so the many australians wanting to buy their first investment property and create a nest egg for retirement can do so. Plus we wont see the value of your homes slashed. But the biggest change looming is APRA looking to remove its guidance on the buffer rate. What is this you ask? Well irrespective of what the actual rate is and these days it is in the 3.60% range, your ability to service that loan is based on 7.25%, thats double the actual rate. APRA actually state the higher of 2% above the agreed rate or 7% with most lenders setting the assessment number at 7.25%. So if a lender reduced its buffer rate to 6% then the calculation drops from $3,410 to $2,997 with the actual repayment at $2,284, so still a healthy buffer of $713, but many suitable loans currently being declined will now be approved. APRA stated that 'with interest rates at record lows, and likely to remain at historically low levels for some time - the gap between the 7% floor and actual rates paid has become quite wide in some case - possibly unnecessarily so' If that's not an understatement I don't know what is! So my fellow Australians the future todat is far brighter than it was last year for all home buyers be you new or seasoned.

23.01.2022 The Roofs goes on from next week. Excellent

19.01.2022 Broker market share hits new record-high! According to the latest data released by research group comparator, a CoreLogic business, and commissioned by the Mort...gage & Finance Association of Australia (MFAA), the share of broker originated loans approved in the three months ending 31 March 2019 increased to 59.7 per cent, up 4.4 percentage points when compared to the same quarter of 2018, and up 6.1 percentage points from the March quarter of 2017. Consumers continue to value the services provided by Brokers in increasing numbers and in these volatile times it is important to ensure you get the best advice possible about the range of loans, rates and conditions across the market applicable to your specific needs! See more

19.01.2022 3 years after we purchased the property at 42 Walter Road East, Bassendean and fighting the planners at The Town of Bassendean we finally commenced construction last month. Slatter Builders are toiling away now to construct the four stunning townhouses i created. To see my vision take shape is very satisfing and Im sure purchasers will be taken by our twists on the family home.

15.01.2022 Construction coming along very nicely.

10.01.2022 Scaffolding down and rendering to the upper level completed. Looking amazing.

09.01.2022 More with scaffolding coming down and windows going in.

02.01.2022 As the lenders continue to adjust there loan rates, a new excellent rate has just been advised by one of my preferred lenders and they aren't a major bank. Their new home loan rate is now 3.46% for owner occupiers and 3.71% for investment loans. Contact me if you want to know more.