Mortgage Brokers
Most borrowers considering a home loan in Australia can access around 5 to 6 times their annual income, but that figure is only a starting point. The exact amount depends on serviceability tests, living expenses, including the Household Expenditure Measure, interest rates, APRA (Australian Prudential Regulation Authority) interest rate buffering, existing debts, and debt-to-income ratios. […]
Quick Summary This article explains the two main forms of property co-ownership in Australia — Joint Tenants and Tenants in Common. It outlines their legal and financial implications, when each structure is appropriate, and how co-ownership affects borrowing and inheritance. Understanding Property Co-Ownership Buying a property with someone else whether it’s your partner, friend, or […]
Purchasing property can be an exciting and rewarding experience, but it’s important to avoid some of the common pitfalls that could cost you time and money. From not getting pre-approval to not using solicitors or conveyancers to review contracts, there are several key steps you should take in order to protect yourself from making costly […]
