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How prepared are you for your property purchase?

Eighteen per cent of Australian bidders have failed to get pre-approved finance prior to attending an auction, a new study has revealed.

According to a recent YouGov Galaxy poll, nearly one in five adults in Australia failed to secure finance before buying at auction.

Given it takes time to seek and be granted pre-approval it is important to seek professional advice as early as possible.

Buyers need to determine how much they can borrow and gain certainty that they are being realistic with their expectations.

Pre-approval is an indication from a lender that they feel comfortable lending a set amount of money to a potential buyer. It puts the buyer ahead of the game and strengthens their position when negotiating a purchase.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

Is your loan structured correctly?

The Reserve Bank has left the official cash interest rate on hold at 1.5 per cent for the 20th month in a row.

It is “universally anticipated” that the RBA won’t move on rates in the immediate future.

Most economists only expect one rate rise this year and 10 out of 24 analysts expect rates to remain on hold into 2019, and potentially beyond.

It is important to remain fully informed, and understand your options, by reviewing your individual circumstances today.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

Location, Location, Location

Sydney has the nation’s most evenly distributed new apartment market – putting it at less risk of inner-city oversupply – according to the 2018 UDIA State of the Land Report.

Just over a fifth of new Sydney unit completions (apartments, townhouses and terraces) were within five kilometres of the city centre in 2017 compared with almost half of all Melbourne unit completions – the country’s fastest-growing apartment market – the report found.

A third of new Sydney units were within 5 to 10 kilometres of the CBD, 28 per cent of completions were 10 to 20 kilometres out and 18 per cent of completions were as far as 50 kilometres from the centre of town.

Obtaining industry best advice is essential prior to making any potential property investment decision.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

Property Investment – Timing is everything

The market waits for no one. It will go up or down with or without you as an investor.

An experienced independent advisor will ensure you won’t buy the wrong asset, wait too long or pay too much.

Whilst it may seem like you’re paying more upfront, having professional advice in the early stages, will ensure that you come out financially on top in the long run.

Remember, the price is what you pay but the value is what you get.

Property is a forgiving asset and you can mitigate the perceived risk largely by ensuring you buy the right property and take a long-term view.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

Congratulations to Strategic Property Group and Alex Lambros!

Strategic Investor Group is starting 2018 with a bang!

We are thrilled to announce that Strategic Property Finance has been recognised as one of the country’s top performing mortgage brokerages in Australia for this year securing a place in the highly competitive list of  The Adviser’s – Top 25 Brokerages for 2018.

The ranking was revealed in the February 2018 edition of The Adviser, Australia’s top publication for Australian mortgage and finance brokers. This was also determined by scores in five (5) key areas:

  1. Total book size
  2. Total loans settled
  3. Total volume of loans settled
  4. Book size versus years in business
  5. Average broker volumes

Annie Kane, editor of The Adviser, said, “Each year, The Adviser’s Top 25 Brokerages benchmark ranking celebrates the success of Australia’s top brokerages. This year we saw a significant increase in non-franchise brokerages making the list, but with the top end of the table still dominated by major franchise players, it goes to show that there is no one-size-fits-all model and that success comes in many shapes and sizes. “

We are also very proud to announce that Alex Lambros has ranked no.11 on Mortgage Professional Australia’s Top 100 Brokers for 2017. This highlights individuals who, through their dedication, are extending the boundaries of what a broker can do through efficiency, consistency and client service.

Moreover, Alex is a finalist for The Adviser’s Better Business Awards – Best Finance Broker category for 2018, which recognises and celebrates brokers who are the best in the industry in their local market.

Our mission is to create an environment where advice, finance and property buying teams work together to create true value for our clients and the ability for them to realise the property market’s true potential. Being recognised and to be ranked among the very best in the country is a fantastic recognition on this delivery.

We would like to extend our gratitude towards The Adviser and Mortgage Professional Australia recognising our efforts and congratulate all of the brokerages who made the list.

Hate Auctions?

ARE YOU WORRIED ABOUT:

–    Letting your emotions get the better of you?
–    Not having a strategy on how to bid?
–    Overpaying?
–    Negotiating if the property is passed in?

We are experienced buyers agents and have saved our clients thousands of dollars and many sleepless nights.

$550* is a small price to pay for peace of mind & an unfair advantage at any auction.

CLICK HERE or on image below to download our Auction Bidding Flyer