Over the next decade we can expect to see, not only changes in types of home ownership, but lending criteria, investment structures and taxation - at the very least. The first change is already underway - according to Justin Butterworth, founder of online rental marketplace,...
P&I repayments - what’s going on with them and why it might be time to revisit them. [vc_row css=".vc_custom_1504141384493{padding-bottom: 40px !important;}"][vc_column][vc_column_text] Banking regulator APRA has cracked down on interest-only mortgages following an announcement earlier this year, limiting interest-only lending to 30% of total new residential mortgage lending. The...
Budget doesn’t have to be a bad word.Whether it’s due to a recent interest rate rise by your mortgage lender, a change in circumstances, a change in your mortgage repayments from Interest Only to Principal & Interest, or even because you’re saving to get together the...
There’s lots of talk at the moment about the APRA (Australian Prudential Regulation Authority) tightening lending standards and lenders reducing the maximum LVR on new and interest-only lending, but do you know what the heck it all means? You can learn more about APRA’s announcement...
There’s a lot of talk lately about what Gen Y should or shouldn’t do in order to enter the housing market - smashed avo or $4 coffees anyone? But, in all seriousness, there are a few creative, yet sound ways the younger generations can take...
With a recent increase in the uptake of Interest Only loans we are pondering the question of which type of loan is best? Interest Only or Principal & Interest? People are taking on Interest Only loans in order to free up their cash flow, to ensure...
With interest rates in Australia at historic lows many people are asking ‘should I refinance?’ It’s never a simple yes or no answer; there’s much to consider so let’s work through some of the issues surrounding whether or not you should refinance. Should I refinance for...
In order to provide our clients with a one stop shop service, Oak Financial Group proudly introduces our associate partners. Oak Business Partners Artur (Art) is a CPA and principal of Oak Business Partners Pty Ltd. He has developed a wealth of knowledge, experience and proficiency in...
As we keep hearing; the Sydney property market is slowing but don’t be overly concerned if you’re looking to buy. The slowdown has not been as dramatic as expected and there is still a fairly strong and modest growth occurring. You also need to remember that...
While location, location, location is the catch cry of buying property, there’s a bit more to it than that. So, what exactly should you look for when purchasing a property? Does it differ depending on the type of investment; owner/occupier vs investment/rental property? For Both -...
