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In the 12 months to March 2010, unit purchases really took off in Mermaid Beach, said Loan Market Mermaid Beach mortgage broker, Ross Corby.
"The number of units sold in the area was well over double that of freestanding houses," said Ross, referring to both his own experiences finding home loans and a personalised report.
"It's a good indication of how affordable units are in the Mermaid Beach area, in a relative sense."
Ross works with property purchases to assist them with their home loan or investment loan requirements, and said that if you are considering buying a unit in Mermaid Beach, or anywhere on the ...
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Categories: Mortgage Brokers. Tags: Home Loans, Loan Market, Mermaid Beach, Mortgage Broker, Ross Corby, Units.
Benowa mortgage broker, Amanda Clough, says first home buyers have many things to consider when they are looking for their first property, but that one of the most important aspects of your property search is your finance.
"Particularly at this point in time, when home loans are moving back towards the need for a fairly decent deposit, first home buyers need to plan their finances well before heading out to look for a property," says Amanda.
"No deposit loans are in great demand but short supply, so as a first home buyer you need to explore ...
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Categories: Finance News, Mortgage Brokers. Tags: Amanda Clough, Benowa, Family Equity, First Home Buyers, Mortgage Broker, No Deposit.
Home owners on the Gold Coast are looking to upgrade their properties despite rising interest rates, according to leading mortgage broker Loan Market.
Loan Market Gold Coast broker Nathan Swain said since the start of the year he had received a significant increase in enquiries from people about upgrading.
“Around 90 per cent of my customers are looking to sell and then upgrade to a bigger property,” Mr Swain said.
“They’re looking to upgrade from their $300,000 to $500,000 properties up into the next price bracket.
“We have had a lot of enquiries about purchasing acreage properties and the Gold Coast hinterland ...
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Categories: Finance News. Tags: Gold Coast, Home Loans, Interest Rates, Nathan Swain.
Loans to property investors on the Gold Coast made up nearly 30 per cent of all home loans written by Loan Market Gold Coast mortgage brokers in 2009.
And that percentage is expected to rise in 2010 as property investors increase their presence in the property market; in fact enquiries to Loan Market about investment finance have risen substantially over recent months.
If you are considering investing in property on the Gold Coast, it pays to get a local expert to assist you with your investment finance requirements, as there are a number of special circumstances that ...
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Categories: Finance News. Tags: Gold Coast, Investment Finance, Investment Loans, Investors, Loan Market, Mortgage Brokers, Property Investment.
After the success of the big Ray White Real Estate auctions on the Gold Coast in January, auctions are on the mind of many property purchasers on the Gold Coast - but those who are now considering their own auction purchase need to prepare adequately.
Gold Coast mortgage brokers say being ready to buy at auction was much more than simply finding a property you like.
"There are building and pest inspections and definitely some searches that should be conducted before you even consider bidding for a property," one Loan Market mortgage broker said.
"But more than that, ...
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Categories: Finance News, Mortgage Brokers. Tags: Auction, Gold Coast, Mortgage Broker, Pre Approval, Ray White.
Building your house from scratch could be an effective strategy to get into your new home sooner, according to data released by the Master Builders Association.
The results of research show that the Gold Coast is one of the cheapest places in Queensland to build a new home, depending on your individual circumstances.
Robina mortgage broker, Stephen Orme, said that building from scratch can be an exciting adventure but it’s important to be prepared to wait for it to happen.
“There are home loans designed to assist with this exact situation, whereby loan repayments are interest only for the period ...
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Categories: Finance News, Mortgage Brokers. Tags: Construction Loan, Gold Coast, Mortgage Broker, Mortgage Broker Robina, New Home, Robina, Stephen Orme.
The Gold Coast property market has rebounded to pre-global financial crisis levels faster than expected.
The low to mid range was the biggest surprise with the average house price now at $575,739.
Bill Morris, author of the Midwood Queensland Investment Report said the latest figures show the average Gold Coast house price had well and truly recovered from the fall experienced in 2008 and the start of 2009.
"The previous high of $580,670 was recorded in the December 2007 half-year and with the average now at $575,739, average prices have all but returned to their previous levels experienced in 2007," he said....
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Categories: Finance News. Tags: Gold Coast, Home Loan, Jason Cuerel, Property.
Having worked in the mortgage industry for seven years, Gold Coast mortgage broker Jason Cuerel is confident of finding the most beneficial finance package for your needs. There are very few situations he hasn't come across during his career, which began at a non-bank lender specialising in outside-the-box property finance transactions. This role gave him extensive experience in non-conforming options, lo-doc loans without financials, refinancing loans in arrears or with credit impairment and other types of innovative options available outside the bank products.
Jason also worked as an indepedent mortgage broker and after that, for one of the largest asset finance ...
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Categories: Finance News. Tags: Gold Coast, Jason Cuerel, Mortgage Broker.
New home sales in Queensland fell 1.8 per cent in November 2009, suggesting the void left by first home buyers may become even more evident in 2010.
Queensland was one of only two states where new home sales declined that month, against a national increase of 0.3 per cent.
HIA chief economist Harley Dale said the ‘very modest’ sales of standalone houses in November showed that activity from investors and upgraders did not have the same momentum as first home buyers.
"The multi-unit sector, meanwhile, continues to look extremely weak as the medium/high density end of the sector faces an ...
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Categories: Finance News. Tags: Gold Coast, Investors, Jason Cuerel.
Property Investment enquiries are coming in strong around the Coomera / Ormeau region, according to Northern Gold Coast mortgage broker Nathan Swain.
Mr Swain said the Northern region provides many lifestyle benefits, in being close to the beach and also on the most convenient side of the Gold Coast for Brisbane commuters.
“Many property investors coming into the market now are realizing that the South East region of Queensland is not far from being fully conjoined and they’re looking to invest money into high-growth areas,” he said.
The increase in investor enquiries coincides with the Federal Government First ...
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Categories: Finance News, Mortgage Brokers. Tags: First Home, Gold Coast, Mortgage Brokers, Nathan Swain, Northern Gold Coast, Property Investors.
