Vorteil Financial Group in Perth, Western Australia | Financial consultant

Vorteil Financial Group

Locality: Perth, Western Australia

Phone: +61 8 6555 7783

Address: Suite 1, 2 Downey Drive, Como 6152 Perth, WA, Australia

Website: http://www.vorteilfinancial.com.au

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24.01.2022 The property market is being put to the test, but there is one buyer group for which the health crisis is proving no obstacle. The data in this article backs up what we’ve experienced in the office. Nice to see Perth leading the charge in a positive manner (it’s been a while coming!)

23.01.2022 Spring is just around the corner! Traditionally a busy time in buying and selling real estate, it’s important to make sure your finances are all in order before making any transactions. Get in touch with us for a free mortgage consultation to see where you stand and how to get started.

23.01.2022 Free webinar tomorrow night. Register via eventbrite below or matthern.com.au to find out more. What do you have to lose?

20.01.2022 Last year a Danish bank launched the world’s first negative interest rate mortgage handing out loans to homeowners where the charge is minus 0.5% a year. Negative interest rates effectively means that a bank pays a borrower to take money off their hands. The borrower pays back less than they have been loaned. ... Under a negative mortgage borrowers make a monthly repayment as usual but the amount outstanding on the loan will be reduced each month by more than the borrower has paid. Here is the full story: https://www.theguardian.com//danish-bank-launches-worlds-f

17.01.2022 Perception plays a part in bank valuations. Here are three ways to maximise your valuation without spending a cent. 1. Clean up - The house should be sparkling... 2. Mow - The yard and gardens should be perfect 3. Let in the light - Open windows and curtains See more

11.01.2022 Some handy tips on saving money when you next move

10.01.2022 If you’re thinking of selling, doing a kitchen renovation is top of the list for best return on investment. Other than bathrooms, the kitchen is what home buyers want in the best condition. A great kitchen = a quick & easy sale.... Who wouldn’t want a brand new kitchen, right? Our Top 3 pre-listing renovations: 1. Kitchen 2. Bathroom 3. Painting And don’t forget to style!

09.01.2022 Exciting news for those looking to build or substantially renovate their homes! Not just for first home buyers either. Subject to eligibility criteria, this could make a big difference to a lot of people

09.01.2022 So close to buying your house , yet so far ? Contact us for a free assessment plan to get you there. Messenger - Vorteil Financial Group... Phone (08) 6555 7783

06.01.2022 When you purchase a property or refinance your home loan the lender will complete a valuation assessment of the property. There are generally 4 types of valuations that can be completed. 1 - Automated Valuation (AVM) This report is totally computerised based on sales data. Usually RP Data/Core Logic Data modelling is used come to a valuation with no human input. In some cases the loan amount and your personal credit scoring can be factored in along with a contract of sale d...ocument. For example if you are borrowing 70% of a property value an AVM may be used but if you are borrowing 90% a short form report may be done as the risk to the lender is higher. An AVM is usually just a one page document with just a value on it and not much more. 2 - Short Form This is a standard property report where a valuer will use sales data and inspect the property to come to a value. The report is 3 - 4 pages long with references to recent sales. The report compares the quality of your property to recent sales in the area. Ideally the valuer will use sales in the same suburb that have settled within the last 3 months. If there is not enough data the time frame is extended as well as the target suburb expanded to neighbouring suburbs. 3 - Desktop/Kerbside This is similar to an AVM however a person completes the report. Usually 1 or 2 pages long, based on recent sales data. No inspection is completed. Sometimes the valuer will talk to the owner/agent to get some specifics on the property to make a decision on the value. 4 - Long Form Valuation These reports are for properties that are special in some way. Large properties like rural residential properties or properties with development potential will usually require this type of valuation due to the specialist nature of the property. In the case of a property with development potential or development approval in place that’s current purpose is residential (e.g a house on a large lot), valuers are required to base their report on the ‘highest and best use’. Due to the complexity in these reports they take longer to complete and focus on factors other than just recent sales when determining current value.

04.01.2022 Thinking of building? If not, maybe this will make you! This is in addition to all the other currently active state and federal grants and is not just for first home buyers.