1 – Swimming Pools Add No Value
This is a generalisation. Prestige homes or suburbs catering to families may see the added value in pools, whereas inner-city or coastal properties may not.
2 – Bank Valuations Are Always Conservative
Valuers must act independently and should not be influenced by the party seeking the valuation.Continue reading
View the most recent suburban growth in Adamstown, Ashtonfield, Avoca Beach, Belmont, Bonnells Bay , Bowral, Broadmeadow and Cameron Park from RP Data.
If you live or would like to live in the Newcastle, Lake Macquarie, Central Coast and would like to get a report on your suburb contact us now
Residential property can be a great investment selection – but you need to buy well in order to secure the best results. Channel Direct Home Loans is providing you with short guide to investing success Read more
Little-known Dudley heads RP Data’s Top 100 growth suburbs, with mining towns prominent and prestige suburbs absent
In a recent publication RP Data has placed Dudley at number 1 in the top 100 capital growth areas for the 12 months ended June 2012, this demonstrate the desirability and affordability of Lake Macquarie and Newcastle for home buyers
Most lenders have a credit scoring system. I have just had a home loan application declined by lender where I tried to mitigate the chance of the application failing credit scoring. In this home loan application, the borrowers had high income but minimal funds in a savings account and high consumer debt, i.e. 2 car loans, personal loan and multiple credit cards. Even taking into account the amount of equity in property, the borrowers were in a negative equity position, that is, they owed more than their assets were worth.
It is so important when applying for finance to show you have savings in a transaction account, whilst at the same time, paying out credit cards or reducing/consolidating the number of cards. Deferring the application may be worthwhile.
The solution now is to apply to a lender who does not credit score and maximise the strength of the borrowers.
View the latest RpData property reports on housing price growth in the Hunter area. Channel Direct Home Loans specialise in residential home loans for your own home ot that next investment property.
As can be seen in this latest RpData report rental yields are still attractive. For a detailed report on any property contact us now
Much is being reported on the growth or otherwise in the property market and if you looking to buy or sell you need to know what is happening in your suburb, Channel Direct has recently made updates to our property reports page for you to research
This is valuable information if you are buying or selling, these reports cover many suburbs in the Hunter, Newcastle, Lake Macquarie, Central Coast, Port Stephens, Maitland and Cessnock. You can get a report on any suburb you would like simply by requesting your report here
In a recent article Michael Yardley published 7 reasons Australian property won’t crash, it is worth the read
This month of May is a busy time financially. First we have the RBA 50 basis point rate reduction and the then the federal budget
Since the RBA announcement the banks have during the past two weeks passed on some of this reduction. To see what has been passed on and other valuable information view my latest newsletter here
Wednesday, 2 May 2012
By: Simon Parker
The Reserve Bank’s 50 basis point cut to interest rates yesterday was long overdue and should spur prospective property buyers into action, various industry professionals have claimed. Continue reading
Sue & Kevin had this to say about their experience with Robyn & Channel Direct Home Loans in arranging finance.
“We were extremely pleased that you were so competent in the Financial Field and the Mortgage sector in particular,that you offered us numerous solutions despite difficult circumstances such as, Low deposit, deferred settlement etc. It is due to all your hard work and negotiations that we have been able to move in too the home we always dreamed about. Thank you so much! and of course, thank you for even calling us from your holidays- amazing service”
Enquire here if you would like this type of experience when you purchase your next property