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Property Market Update

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The Australian property market is a restless one that can see things heat up and cool down in a matter of months, and with everyone trying to get a slice of a property market worth $7.5 trillion it pays to keep up to date.

Whether you are a first-time property owner, or you own multiple properties, obtaining sound professional advice, before investing in property, is essential. Wealth creation through property can prove to be a prudent strategy.

Research shows investors who have a close relationship with a qualified professional will be richer than those who do not have that close relationship.

Contact Strategic Investor Group today to review your individual financial circumstances.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

The Interest Rate Dilemma

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The Reserve Bank has left the official cash rate on hold at its fifth meeting of the year, marking a record 22 months without a change.

RBA Governor Philip Lowe said housing credit growth had slowed over the past year, especially to investors.

“APRA’s supervisory measures and tighter credit standards have been helpful in containing the build-up of risk in household balance sheets, although the level of household debt remains high,”.

“While there may be some further tightening of lending standards, the average mortgage interest rate on outstanding loans is continuing to decline.”

Will the Banks be able to manage margins or increase mortgage interest rates to offset rising international borrowing costs?

Seek professional advice today regarding your existing or proposed lending requirements.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

Housing investor loan cap ‘reaching end of useful life’: APRA

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The banking regulator has signalled it could ditch its 10 per cent cap on lending to property investors as the measure is “probably reaching the end of its useful life”.

Smaller lenders have criticised the 10 per cent cap for holding back competition.

The marketplace would welcome APRA addressing the cap’s current settings in order to improve competition, which will ultimately benefit the consumer.

Under pressure from regulators, banks have also in recent years overhauled their systems for assessing customers’ incomes, their debts, their cost of living, and their sensitivity to higher interest rates.

Now is the perfect time to seek professional advice if you are considering property investment.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

Competition heats up among lenders for first home buyers and investors

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Softer conditions in home lending are prompting the country’s banks, whose loan portfolios are dominated by residential mortgages, to target growth opportunities in specific customer segments, including property investors and first home buyers.

Under the Australian Prudential Regulation Authority’s rules to dampen the housing market, no more than 30 per cent of new bank home loans can be interest-only, and banks’ housing investor loan books can grow no faster than 10 per cent.

The big four banks are now all well below these caps after various moves to increase interest rates and tighten credit.

Now is a great time to invest in property and source a great financing package in a highly competitive marketplace.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

Congratulations to Strategic Property Group!

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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. “

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.

Housing Affordability

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Housing affordability continues to be a hotly discussed topic with both younger first home buyers, and older generations, looking to support their children into property.

It is important to start planning on how you can best enter the property market as either an owner occupier or investor now.

To better understand your borrowing capacity, and budget to save for a deposit, there are critical actions you can take today to place yourself in the best position to buy property.

It is important to seek professional advice to understand the current market and what options are available, based upon your individual circumstances.

At Strategic Investor Group, we are well placed to provide you with sound advice regarding property strategy, debt structuring and property acquisition.

 

–  Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

 

Coffee with Kiril – Episode 8: Understand your cashflow = own more property

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In this episode, Kiril answers the question: “Should you buy a unit or a house?”

To view other Coffee with Kiril episodes and other Strategic Investor Group videos – please visit our YouTube channel