A word from your Mortgage Broker

Is this the right moment to purchase a property?

These are indeed interesting times to enter the property market and the little voice in your head is desperately screaming “DON’T DO IT!”

With property prices falling steadily over the past twelve months and Sydney and Melbourne leading the decline, the typical reaction is to run away and hide until the storm has passed. However, by executing careful research, you can find these hidden gems that will not only allow you to enter the market but will also help you to improve your position in terms of income and equity.

If you are considering dipping your toes into the property market, these are some of the things you need to look at to pick up good quality property at below-market prices.

Look for a property with strong capital growth prospects.
Look for a property that you can buy for less than the true market value - this helps build your equity.
Look for a property that's unique or might have a point of difference i.e. a home with a granny flat may generate dual income.
Avoid purchasing property based on current market trends.
Look to hold for the long term.

When it comes to purchasing a property, please make sure you have carried out your due diligence and have spoken to your mortgage advisor before handing over any of your hard-earned funds.

Due to the success of our recent "refer a friend" promotion, we have decided our new year gift to you, our loyal clients will be the increase in the value of our reward cards. From the beginning of February 2019, for a limited time, we will be gifting our existing clients their choice of either a Coles, Westfield or Dan Murphy’s gift voucher to the value of $500!

So, how do you get your hands on these? Refer a friend or family member – it’s that easy. The only condition is the new referral attend a face to face consultation with one of our super staff to discuss all of their Oak needs. Don’t forget to have them mention your name, so we know who to send the reward off to. So what are you waiting for? Get sharing!

Below is Joel Flanagan, our ever faithful leader presenting our valued client Mr Rodney Pohlmann with his $500 voucher.

See the conditions above and get referring. Time is running out.

The value of a good Property Manager

Finding the right person to manage your investment is a big decision. One of the most significant qualities a property manager should have is the ability to work and communicate well with people.
A good Property Manager can be invaluable when screening tenants and deciding upon the appropriate price to charge rent. When dealing with unhappy tenants or persuading landlords to make upgrades, it is essential for a manager to put his negotiation skills to work.
Always be sure to ask how many rental properties they have on their books, their total all-inclusive fees, the number of properties they have in arrears, and their strategies for when tenants refuse to pay rent.

Our Property Management Team is dedicated to ensuring our clients' needs are met, communication is kept open and your financial goals are achieved.

Even in this uncertain market Felix and his team have achieved a great result within recent weeks.

Some of Oak's recently listed properties include:

•   2/16 Rickard Street, Balgowlah
•   106/2 Galara Street, Rosebery
•   A301/7 - 13 Willis Street, Wolli Creek
•   4/7 Nilson Avenue, Hillsdale
•   BG05/1 Avenue of Europe, Newington

By choosing Oak Property to manage your investment we will do more than give you someone who can just collect your rent. We are here to help you maximise your investment. We will provide our knowledge on the laws and legislation of real estate, find and screen suitable tenants, conduct inspections and organise maintenance work when required - anything to make your life easier.

What is Invoice Financing?

What would your business achieve if you were able to release cash tied up in your outstanding customer invoices?

With Invoice Finance, you can access this additional cash owed to you by your debtors, within 1 business day. This cash can then be used to more effectively manage your day to day activities or take advantage of business growth opportunities as they arise.

Invoice Finance works by releasing up to 80% of the working capital tied up in existing invoices as well as new invoices when they are raised.

Process

Invoice customers as normal.

Upload sales ledger to our online platform.
Provide an advance payment to your business, based on the invoices uploaded.
Once your customers pay, the advance is repaid and the 20% retention is passed back to you.
An Invoice Finance facility operates on a revolving basis, so it will grow with your sales.

Auction Clearance Rates

*Source – Core Logic – RP Professional Data

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