Articles by Michelle Kour on ArticleSnatch.com

First Home Buyers get a helping hand from governments in Australia

Sat, 16 May 2009 00:00:00 -0400

A First Home Buyer is in the box seat with the Federal Governmentâ€'s increase in the first home owners grant from $7000 to $14,000 (for a first home buyer purchasing an existing dwelling ) and to $21,000 (for a first home buyer buying a newly constructed property.) In its November 2008 mini budget, the NSW State Government provided another kickerâ€ by making a further $3000 available as a grant to a first home buyer purchasing a newly constructed first home or unit. Originally this NSW grant for a first home buyer was for $7000 but it now totals $10,000. The only qualification seems to be that the grant is means tested and will not apply where the cost of the first home buyer purchase exceed $750,000. Research indicates that only around 4% of the first home buyer market is in a position to purchase a property with a purchase price in excess of $750,000. **End Summary** Topics: mortgage]]> first home buyer]]> investment loan]]> debt consolidat]]>]]> About the Author: ]]> Austral Mortgage offers competitive rates for first home buyer , investment loan and debt consolidation .

Direct Investment in property in Australia through a good investment loan

Sat, 08 Nov 2008 00:00:00 -0500

An investment property is becoming a more popular choice for those seeking to create a revenue stream and also achieve capital growth through the investment property value increasing over time. This can also be part of a strategic financial plan and should be considered by investors as part of a diversified portfolio. When considering an investment purchase you should also source the best investment loan structure for you. With any investment your investment loan can make a difference to your return. If you are negatively geared through an investment loan the cost to you of that investment loan can effectively be reduced. If you purchase wisely, once there has been capital growth in the investment property over time there is the option of using this built up equity to move into another investment property, take out another investment loan and thereby continue to further increase your investment portfolio. Aside from the traditional belief that tax advantages are the key driver for taking out an investment home loan there are many other factors to consider when purchasing an investment property. **End Summary** Topics: mortgage]]> investment loan]]> debt consolidation]]>]]> About the Author: ]]> Austral Mortgage offers competitive rates for investment loan and debt consolidation

Investing In Property and looking for an investment loan

Sat, 08 Nov 2008 00:00:00 -0500

Why invest and why take out an investment loan? Peopleâ€'s needs for investment are as varied as the investment vehicles themselves. Some want to own their home outright, pay the kidsâ€' university fees, or take world trips; while others want to start their own business or retire on a comfortable income. The reality for most of us is that we wonâ€'t be able to afford these things on our salary alone (unless youâ€'re fortunate enough to be the CEO of a major corporation). The key to successful investment is to leverage, that is, to use an investment loan to improve your capacity and increase your return. Why invest in property? Investing in property is the safest way to invest, but we also believe in a diversified portfolio to minimise risk. Similarly, Australians have trusted investment property as their favoured investment vehicle for generations and with good reason. We recognise the cycles, the incredible advantage that appropriate leverage (making capital gains from borrowed funds) offers, the benefits of rent return and taxation relief in servicing those borrowings, and the significant growth achievable over time. **End Summary** Topics: mortgage]]> investment loan]]> debt consolidation]]>]]> About the Author: ]]> Austral Mortgage offers competitive rates for investment loan and debt consolidation

Looking for an investment loan you'll get a better deal in Australia by talking to a mortgage bro

Sat, 08 Nov 2008 00:00:00 -0500

I was recently in the market to buy an investment property and checked with my bank to see what they could offer me on investment loan. I had thought that the interest rate on an investment loan would be no different to the interest rate on a home loan but I discovered that with my bank at least I would be charged a higher interest rate and fees on my investment loan than I would had I been applying for an owner occupier home loan. I decided to check out what other lenders had to offer on an investment loan. The terms and conditions of an investment loan have really improved over the years. Back in the 1980s you could generally only get a short term 3 or 5 year fixed rate on your investment loan. This meant that at the end of the investment, oan term you were up for further costs to extend it for a further term. Valuation and legal fees were required as well as application fees. How things have changed. Today your investment loan terms and conditions are very similar to the standard home loan. **End Summary** Topics: mortgage]]> investment loan]]> debt consolidation]]>]]> About the Author: ]]> Austral Mortgage offers competitive rates for investment loan and debt consolidation

A good investment loan can make a good investment better

Sat, 08 Nov 2008 00:00:00 -0500

If you have a home loan but also equity in your home property and want to purchase an investment property to build wealth, then it is important to research the investment loan market to make sure that you apply for an investment loan that really works for you. When you apply for an investment loan, most lenders will simply offer you their standard term investment loan. Quite often they will seek to structure the investment loan so that it is on a principal and interest basis. While ever you have home loan debt it is much better to have an interest only investment loan. This ensures that the repayments you make on the investment loan are the minimum possible as opposed to including any principal reductions. If you apply any principal amount that you would otherwise have made on a principal and interest investment loan to the repayment of your home loan you will repay your home loan much faster and save yourself a heap in interest payments. There are also the tax considerations if you do not reduce your investment loan debt then you do not reduce the amount of deductible interest you can claim each year. **End Summary** Topics: mortgage]]> investment loan]]> debt consolidation]]>]]> About the Author: ]]> Austral Mortgage offers competitive rates for investment loan and debt consolidation

My little nest egg an investment loan helps me secure my investment property in Australia

Thu, 16 Oct 2008 00:00:00 -0400

I recently decided the time was right to utilize some surplus cash I had available and began looking to purchase an investment property. Whilst it would have been easy to just dive in and find something that I could afford regardless of the location or potential growth, I thought it best to do some research knowing that my investment property was more than likely going to be a long term property investment for me. Timing was also good from an income perspective I good easily demonstrate my capacity to service the investment loan I would need to complete the purchase and negatively gear the property. The costâ€ of my investment loan after tax benefits were taken into account was considerably reduced. When I began to think carefully about purchasing my investment property, I took such things as what economists were predicting as far as growth and property value increases as well as expenses that I would incur, both now and ongoing. This was definitely a decision I had to make with my head and not my heart. **End Summary** Topics: mortgage]]> investment loan]]> debt consolidation]]>]]> About the Author: ]]> Austral Mortgage offers competitive rates for investment loan and debt consolidation