How to avoid paying LMI

Lender’s mortgage insurance (LMI) is required in many instances when a loan is worth more than 80 per cent of a property’s purchase price, as well as in some other circumstances. In very basic terms, when a lender considers a loan to carry a high risk, LMI is likely payable. Here’s how you can avoid […]

A preparation checklist for a business loan

Applying for a business loan is a completely different process to that of a home loan application. To ensure you don’t lose your way, we’ve set out a clear path for you to follow. 1. Find a specialised broker Commercial lending is very different to residential, so when searching for a broker, it is important […]

Beauty at a cost – renovating a heritage-listed home

Seeped in cultural and historical significance, it’s understandable that there are restrictions when renovating a heritage-listed home. While that’s not to say that you can’t make any changes, a little more legwork and creativity is often required. Understand what you’re doing Working on a heritage listed property comes down to knowing the implications of your […]

How to get the biggest ROI on an investment property

When purchasing an investment property, there are a number of factors that could increase or reduce your potential return on investment. In this case, it’s not just location, location, location. When considering a property for investment purposes, the most important question to ask is ‘will be attractive to tenants?’. But how do you know what […]

Is stress your workplace cancer?

Ever heard the saying “stress to success”? No? Maybe it’s just your personal hidden mantra. But we’re here to debunk the concept and advocate self-care to boost your and your team’s productivity. Stress should be regarded as something that is integrally linked to overall health, or rather, the demise of it. It’s not inevitable, nor […]

Why your business loan was rejected

Due to the risks involved, strict guidelines are imposed on business finance, so securing approval can be difficult. Here are a few mistakes to avoid to increase your chances of approval. Not knowing your credit score Many consumers may not realise the importance of a credit score. Not only is it taken as a reflection […]

Investing interstate?

When people think of buying an investment property, many only think locally. Investing in a property interstate could possibly be a smarter idea, potentially resulting in a better return on your investment. it may also be a potential way to snaffle a bargain. You could be buying into an area with greater potential capital growth […]

What is the investment lending cap?

In an attempt to curb the high competition of the Australian housing market that locked out many would-be first home buyers, the Australian Prudential Regulation Authority (APRA) in late 2014 signalled its intention to keep a close eye on a suite of concerns, including the levels of residential lending to investors. APRA’s communications at this […]