Property Review Video – August 2023
Stay up to date with the latest developments in the property market over the past month. Our video takes you through an overview of the state of...
In January 2020, we will see the implementation of the First Home Loan Deposit Scheme (FHLDS). That means that you will be able to buy your first home with a 5% deposit, and you won’t have to pay thousands in Lender’s Mortgage Insurance (LMI) to do it.
However, only 10% of first time home owners will be selected for the scheme every year. Also, there will be a cap on the maximum loan size.
You can start preparing to make your application for the grant today. Depending on the lender you will want to see at three to six months of savings to prove your deposit is genuine, however some lenders will allow you to count your paid rent towards that amount.
To be chosen as one of the lucky people, you must be able to show that you are a single person earning under $125,000 or a couple earning under $200,000 per year.
The government has not yet released all the pertinent information. Only 10,000 people will be able to get assistance, which is why you’ve got to start preparing now. You’ll face a lot of competition so it’s crucial that y
mortgage broker, home loans, property investment loans
ou stack up well. Investors Choice Mortgages can help you to prepare your application. If you would like a copy of the “Australian Guide to First Home Buyers Grants” and details on the new scheme then download the Guide here http://firsthousebuyer.com.au/
If you tried to buy your first home in the last few years, you know how difficult it has been.
Affordability has been an issue, and property prices have been through the roof – so to speak.
That’s not counting all of the costs of running the property…
But there’s good news.
There has been a steady decline in property markets this year, which has impacted on affordability. In fact, it’s back to where it was in 2016.
That means you can use the First Home Loan Deposit Scheme (FHLDS) could help you to get your foot in the door of property ownership. The scheme makes it easy for you as a first-time buyer to get your hands on a property.
Specifically, it will help them to buy with just a 5% deposit. Also, you don’t have to take out Lender’s Mortgage Insurance (LMI).
At Investors Choice Mortgages, we teach you how to get your first property faster and turn it into an investment property.
That means we’ll show you how to get into your first property in one year and out of it in two so that you have an investment property.
Investors Choice Mortgages can help you get yourself setup to be in the fortunate position to qualify for this initiative. Make a time to discuss your options with our dedicated team today, just book a time here for your complimentary call https://calendly.com/icm-discovery-call/fhb
If you would like a copy of the “Australian Guide to First Home Buyers Grants” and details on the new scheme then download the Guide here http://firsthousebuyer.com.au/
Want to know renovation hacks? Where to buy, what to buy, how to renovate and some budget hacks? Then check out this live stream!
I was asked by Money Magazine in 2017 for their Special Real Estate Edition to select a Regional city with good capital growth characteristics and work out how much it would actually cost per week to cover all the costs of that property.
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I choose a city in regional Victoria, where there was a prediction of over 5%pa capital growth for the next 5 years and one of the commutable cities to CBD Melbourne. Then I applied my 30 filters by putting all the suburbs through my Suburb Selector Software. A software I specifically designed to do just this, to make searching for a suburb quick and making sure it has the success characteristics of those suburbs of the past that have outperformed the market but also my own special low-risk criteria to make sure the suburb is sustainable for the future.
If you would like to read more head over to this page and download the article. http://investorschoice.com.au/media/
In today’s super valuable episode we hear about the critical role a good Quantity Surveyor should be playing in your property investing… Our very special guest is one of the industry’s leading experts, CEO of Washington Brown, Tyron Hyde. If you own an investment property or have recently completed a renovation, then Tyron will help you discover money that you never even knew you had!
SHOW NOTES
Please click here to get access to the Show Notes, Links, Transcript and much more.
One last thing, it would mean so much if you could take a moment to rate and review the podcast on iTunes 🙂
Head over to our podcast on iTunes https://itunes.apple.com/au/podcast/your-property-success-podcast/id1130965213
On your iPhone or iTunes on your computer you can see Review under the picture on the left hand side – if you have an account you can Rate and Review us!
Just in case you have trouble here is a doc that shows you how https://s3.amazonaws.com/YPS/01+Podcast/HowtoLeaveUsaRatingReviewoniTunes.pdf
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