How Can an Oak Laurel Melbourne Mortgage Broker Assist You?

How Can an Oak Laurel Melbourne Mortgage Broker Assist You?

Oak Laurel's Melbourne mortgage brokers are here to assist you with all your finance needs. What does this mean you may ask.

Oak Laurel can assist you in most situations. Oak Laurel has brokers that can assist you even if you have a special situation!

Oak Laurel help first home buyers to get their first loan and get their foot on the property ladder. Oak Laurel can help people refinancing to a better deal or up-sizing or down-sizing their property and needing to obtain a new loan. Oak Laurel also helps property investors to finance and build their property portfolio. Oak Laurel also has specialist mortgage brokers that can help with the following types of lending specialties:

First home buyer loans;
Home loan refinancing;
Home equity loans;

Reverse mortgages (Seniors Loans);

Construction Loans;
Full doc home loans for self employed;
Low doc home loans for self employed people;
Property investment loans;
Guarantor home loans;
Second home loans;
Bridging home loans;
Non-resident home loans;
457 visa home loans;
Temporary visa home loans;
Immigrant home loans;
Bed credit home loans;
Unusual income home loans;
Unusual employment home loans;

Commercial loans;

Business finance;

Plant and equipment finance;

Commercial property finance;

Property development finance; and

much, much more.
Don't see what you are looking for here contact us maybe we can still help you out.

An Oak Laurel Melbourne mortgage broker can help you to make the right choice on your next home loan or commercial loan.

Your broker will compare your home loan options to find one that is right for you.

Why choose an Oak Laurel mortgage broker for your next loan?

Oak Laurel's friendly team in Melbourne can provide you with:

A free service for most home loans

We are paid a commission by the lender so we will not charge you to arrange most home loans. But don't worry, you will not need to pay extra on your loan, the banks and lender can afford to pay mortgage brokers a commission because otherwise they would need to employee a bank staff and the associated costs of operating a branch. These are costly and when the bank or lender uses a mortgage broker they only need to pay if the loan settles. This can make mortgage brokers a cost effective option for the banks and lenders and allow you the borrow to get a home loan at the same price and often save money by selecting a better loan!

You access a wide range of lenders and loans!

When you use Oak Laurel's Melbourne mortgage brokers you get access to a large group of lenders that are vying for your business. Your Oak Laurel mortgage broker will help you compare from hundreds of different loans that are available and find one that is suitable for your situation and needs. Furthermore, our brokers will be able to assist you through the submission and settlement of the loan and beyond.

We make it easy to get the right loan!

Oak Laurel's mortgage brokers will make the whole process easy for you from the start to the finish. We do all of the running around so you don't have to. In addition and perhaps more importantly our brokers provide expert advice so that you know that you are being taken care of!

We save you money on your mortgage!

Oak Laurel compares lenders and loans not only with loan comparison software but with their own experience to find the loans with competitive rates and fee packages and get the loan that meets your needs and can save you money.

Professional mortgage advice!

Our brokers can provided you with advice on which loans will meet your needs and objectives. Our brokers can assist you with advice on the generally real estate buying process and will liaise with the relevant stakeholders to make sure that your loan is as smooth as possible.

Low Aussie Dollar to Increase Australian Property Prices

The post Low Aussie Dollar to Increase Australian Property Prices appeared first on Oak Laurel.

The Low Australian Dollar is Likely to Further Increase Australian Property Prices

The Australian dollar has now decreased to new lows against the US dollar, Great Britain Pound, Chinese Yuan and a host of other currencies. The Australian dollar has not been this low since the Global Financial Crisis (GFC) also know in some circles as Good For Chinese (GFC) because they kept buying when other were worries and held back.

What does the low Aussies dollar mean for Australian property prices?

Well, nothing is certain but it would appear that the low Australian dollar will further increase demand from overseas buyers for Australian property. The low Australian dollar makes our exports comparatively cheaper, it also makes our real estate comparatively cheaper for foreigners. Hey, who does not like a bargain.

Are there other factors at play that may impact on the property market?

Yes, there is lot going on that can influence the property market in Australia. For example:

• recent capital gains in the property markets on Sydney and Melbourne;
• the Government regulator (Australian Prudential Regulatory Authority – APRA) crack down on investment loans resulting in the major banks having differential pricing for investor loans and owner occupier loans;
• a crash in the Chinese stock market, economic contraction in the Chinese economy and devaluation of the Chinese currency;
• instability in the stock markets around the world;
• below trend growth in the Australian economy.

Some of these factors could contribute to the slowdown in the price gains in the Australian property market other may contribute to further increases in property prices.

Recent capital gains in Sydney and Melbourne property

The recent capital gains in Sydney and Melbourne can act in two ways.

1. encourage more investors into the market and raise prices expectations for buyers and sellers regardless of if they are investors or not; or
2. where prices rise to very high levels, they can impact on affordability where buyers simply cannot afford to purchase or fail to see value in such high prices.

Government crackdown on investor loans

The Government Banking Regulator’s crackdown on investment lending is likely to to reduce investor demand for properties in Australia. However, only if they borrowing to buy. Rich investors especially those who do not need to borrow will not be deterred by the changes to investment loans. If they are from overseas even if they do need to borrow to invest the low Aussie dollar has just made Australian property and any loan repayments a lot cheaper. This may mean that locals (especially investors) are at a competitive disadvantage (due to the low Australian dollar) to foreigners or people with foreign incomes.

Crash in the Chinese stock market and economic slowdown in the Chinese economy

This is likely to make Chinese investors shy away from stocks and head to asset classes that are considered as lower risk. Property and Australian property is seen as a safe asset class and it is likely that there will be more interest in Australian property from foreign Chinese investors and local permanent residents that have income and assets back in China.

Instability in the stock markets around the world

Similar to the issue of the Chinese stock market crash, the instability in stock markets around the world makes people wary to invest in these assets. Some stock market speculators will continue to play the market and perhaps even make more money if they know what they are doing. The average mom and pop investor is less likely to invest but will not necessarily opt to change to property investment.

Below trend growth in the Australian economy

There appears to be an overstatement about the economy. It is not going as great as it was during the mining boom but in the great scheme the situation is not bad. Had the economy been really in trouble the Reserve Bank of Australia would have cut interest rates and there would have been another response from the Government e.g. stimulus package. We did not see this happen infact the less than trend growth in the economy is likely to keep interest rates low and the property prices heading up.

Who are the winners?

Australian expatriates (Aussie Expats) who have foreign income and find that now Australian property is comparatively cheaper.
Foreign investors that due to the currency find that Australian property is “ON SALE” at discounted prices.

Aussie expat home loan

Are you an Australian expatriate? Aussie expats can still borrow to buy property in Australia. With a low Australian dollar now may be the right time to buy. Find out more about Aussie expat home loans.

Aussie expat mortgages

Investment loan review

Are you a property investor? Did your investment loan interest rate increase? Get your investment loans reviewed to make sure that you are not gettign ripped off

Investment loan review

Call us on +614 30129662

Oak Laurel – loans made easy!

The post Low Aussie Dollar to Increase Australian Property Prices appeared first on Oak Laurel.


from Oak Laurel | RSS Feed http://ift.tt/1LjKzXS

Investment Loan Rate Increased? Investment Loan Review

The post Investment Loan Review appeared first on Oak Laurel.

Has your investment loan interest rate increased? Don’t be ripped off, get an investment loan review

If your investment loan rate has recently increased or it has been a while since you had it reviewed you may want to get an investment loan review to check if there are any better options available.

What is going on with investment loans?

If you have been ignoring the chatter in the media about property prices and investment lending you may not be aware that the Government Banking Regulator (Australian Prudential Regulatory Authority or APRA) has been putting pressure on the banks to curb their investment lending if they have their investment loan books growth above 10%.
The offending banks and even some banks that were not above APRA’s 10% investment loan growth limit have responded in a number of ways:

1. Raising their investment loan interest rates including for existing variable rate investor loans;
2. Changing their borrowing power calculations to make it harder for property investors to qualify for a loan;
3. Limiting investment loan to value ratios to lower levels; and
4. Decreasing their interest rates for owner occupied loans to encourage more owner occupier borrowers and even out their loan books.

Not all offending banks are doing all of the above.

Are there still good investment loan interest rates available?

Yes,there are still good investment loan interest rates available! Not all lenders have exceeded APRA’s 10% investment loan growth limit and some lenders are still actively competing to get your investment loan. These other lenders are still offering competitive investment property interest rate, fee and feature packages.
As property investors we know how important it is to have a competitive interest rate on your investment loan. If you are paying more interest than the rental income, negative gearing may make up some of the difference but even with negative gearing you are still paying money out of your own pocket. This can impact on your ability to make further investments and or your lifestyle. Lets face it no one want to pay more than they need to on their loan, least of all property investors who are investing to make money.

Are higher loan to value ratio investment loans still available?

Yes, higher loan to value ratio investment loans are still available! Some lenders are also still offering higher loan to value ratio loans 90% or up to 95% LVR exclusive of lenders mortgage insurance for investment properties.

Find out more about higher LVR investment loans

With the recent lending changes some banks have stopped offering higher loan to value ratio loans for property investors. Other lenders are still happy to lend at higher LVRs up to 90% or 95%.

High LVR investment loans

Investment loan review – Free

If your investment loan rate recently went up then you should get your investment loans reviewed by one of our finance professionals that understand investment loans. Oak Laurel has mortgage brokers that know which lenders have the good investment loan rates now. Or brokers can assist you to switch your investment loan portfolio to where there is a better loan package from another lender. If you have one investment property or many investment properties, our investment loans specialists will review your loan portfolio to identify if they can get you a better loan or loans. If you also have an owner occupied home loan(s) our finance professionals can check to see if there is something better available for that also.
We will not charge you for the review. If we cannot find any better options then there is no loss to you. However, you can be confident that you are not being ripped off. If we can find you better options then it could save you a lot of money.

Contact an Oak Laurel about an investment loan review!

Don’t delay act NOW!

+614 30129662

Oak Laurel – Investment property loans made easy!

The post Investment Loan Rate appeared first on Oak Laurel.


from Oak Laurel | RSS Feed http://ift.tt/1Eh32XN

Construction Costs in Australia Decreasing

The post Construction Costs in Australia appeared first on Oak Laurel.

Construction cost in Australia are among the most expensive in the world but are coming down according to an international report.

A report by Turner & Townsend a multinational professional services company ranked Sydney at 10th, Perth at 16th, Melbourne at 19th and Brisbane at 20th most expensive cities in the world for construction costs.
The study analysed 35 residential and commercial projects in different markets around the world and found that New York is the most expensive place to undertake construction activities.

Markets analysed and the report’s predicted construction market in next 12 months included:

Cooler	Staying the same	Warmer
Australia – Perth	Australia – Melbourne	Australia – Sydney
Brazil	Canada	Doha
China	Chile	Hong Kong
Kazakhstan	Germany	Ireland
Malaysia	India	Kenya
Russia	Japan	Netherlands
Singpore	Poland	UAE
Uganda	South Africa	UK – Central
–	South Korea	UK – London
–	Vietnam	UK – North
–	–	UK – Northern Ireland
–	–	UK – Scottland
–	–	UK – South
–	–	USA – Houston
–	–	USA – New York City
–	–	USA – Seattle

Construction market in Australia

According to Sourceable Senior economist Gary Emmett from Turner & Townsend said Australia is becoming a relatively cheaper place to build, due to low interest rates and a falling Australian dollar.

“The 2015 report shows that compared to 2011, it would cost overseas investors paying in US dollars 13 per cent less to construct buildings in Australia, which is a significant reduction,” he said.

Mr Emmett said that with the exception of Sydney’s apartment market, the cost of construction is stable and the outlook moderate for the medium term.
“Overall, it is a great time to build. Construction costs should remain fairly stable although some residential construction trades may become increasingly difficult to source, adding pressure to costs,” he said.
“Foreign investors are expected to seek more opportunities here to capitalise on the favourable conditions to build projects.”

Construction cost per square meter in Australian cities

The Turner & Townsend report estimated construction costs of detached houses, townhouses, low rise apartments and high rise apartments in the Australian cities Brisbane, Melbourne, Perth and Sydney.

Detached house construction costs per square meter in Australian cities

The construction cost of building a detached house is $1,600 per square metre in Melbourne, $1,650 in Brisbane and Perth, and $1,750 in Sydney.

Building a prestige detached house costs $2,700 per square metre in Melbourne, $2,850 in Sydney, and $3,000 in Brisbane and Perth.

Townhouse construction costs per square meter in Australian cities

Townhouses construction cost $1,700 per square metre in Brisbane, $1,750 in Melbourne, $1,850 in Perth and $1,900 in Sydney.

Low-rise building costs per square meter in Australian cities

Construction costs to build low-rise apartments are $1,800 per square metre in Brisbane, $1,900 in Perth, $1,960 in Melbourne and $2,100 in Sydney.

High-rise construction costs per square meter in Australian cities

High-rise apartments building cost $2,500 per square metre in Brisbane, $2,700 in Melbourne and Sydney, and $2,900 in Perth.

Borrowing to build your dream home or a small development project?

A construction loan may be a good choice for a single dwelling (house, townhouse or unit) or up to 4 dwellings (houses, townhouses or units on a single title - prior to subdivision) in a small property development. Find out about Construction loans here:

Construction loans

Borrowing to build a larger property development project?

Larger property development projects (multi-dwelling developments - houses, townhouses, units or apartments) require specialised construction finance.

Property development finance

Oak Laurel – Construction and development finance made easy!

The post Construction Costs appeared first on Oak Laurel.


from Oak Laurel | RSS Feed http://ift.tt/1ESHHz4

Is Melbourne overtaking Sydney as the hottest property market? Aug 2015

The post Is Melbourne overtaking Sydney as the hottest property market? Aug 2015 appeared first on Oak Laurel.

Property price growth data shows that in the last Quarter, Melbourne property has out paced Sydney’s to become Australia’s hottest property market as at Aug 2015

Property price growth in Melbourne and Sydney

Latest property price data from PRData shows that in the last quarter Melbourne property price grew 7.85% out pacing Sydney price growth at 6.66%. Month on month price data also shows a similar trend, Melbourne price growth outpacing Sydney’s, overall and for houses. Though Sydney’s unit prices grew faster than Melbourne the difference was only 0.06% between the two or in practical terms they were the same.
In recent years Melbourne has shown some reasonable price growth but until the last quarter have been outpacing Melbourne’s by a large amount. With Sydney’s property prices now so high many believe that they are unaffordable. There have also been reports that property investors looking to buy in Sydney have been turned off by the high prices and are now turning to Melbourne where prices have been rising at steady pace. Now that Melbourne’s price growth appears to have overtaken Sydney’s investors chasing capital gains may also be more attracted to Melbourne.
Melbourne property has not had the attention from property investors that Sydney has had with a larger proportion of owner occupiers. However, if investors now find Sydney too expensive or decide to target Melbourne which has in the last quarter become the hottest property market, this may be the start of a flood of investors to Melbourne property.

Auction clearance rates in Melbourne and Sydney

Recent auction clearance rates show a similar trend to the property price growth in Melbourne and Sydney. Over previous five weeks Melbourne’s auction clearance rates have shown a steady building increase from 74% five week ago to 75%, 76% , 77% to 80%.  Sydney’s auction clearance rate though having 80% last week have showed a decreasing rate previously from 78% five weeks ago to 76%, 76%, 73% before last weeks jump back to 80%.

Is Melbourne a good place to invest in property?

Invest where people want to live, especially where people who have wealth want to live as this is the demand side of what drives up property prices. People want to live in Melbourne. Melbourne has been named the world’s most liveable city for the fifth year in a row, achieving a near perfect score on the Economist Intelligence Unit’s (EIU) liveability survey of 140 cities. Each year thousands more people move from NSW, mostly Sydney to Victoria, mostly Melbourne than go the other way. Melbourne has the greatest number of people immigrating to it than any other Australian city. The ABS forecasts that given current levels of migration and fertility rates, Melbourne will overtake Sydney as Australia’s biggest city by 2053.
It is not all Melbourne’s way though. Vacancy rates in Melbourne at 2.3% are however, slightly above that in Sydney at 1.8% as of July 2015, according to SQM research data. However, both cities have lower than the national average vacancy rate at 2.4%.
Latest data also shows that rental yields are also slightly lower in Melbourne than in Sydney.

Conclusion

This data does not mean that Sydney’s property prices will not continue to grow, there is every indication that the it will continue to grow into the future. The data does suggest that Melbourne is now the hottest property market and may catch up to Sydney over the coming years.
Only time will tell if Melbourne will continue to be Australia’s hottest property market!

Want to talk to one of our Melbourne based mortgage brokers?

We have mortgage brokers around Australia. Do you want to talk to one of our mortgage brokers in Melbourne? Click here:

Melbourne based mortgage brokers

Want to talk to one of our mortgage brokers in Sydney?

Contact our Sydney based mortgage brokers to discuss your mortgage needs whether it is for an owner occupied property or investment property. Click here:

Sydney based mortgage brokers

Oak Laurel Mortgage Brokers – Home loans made easy!

The post Is Melbourne overtaking Sydney as the hottest property market? Aug 2015 appeared first on Oak Laurel.


from Oak Laurel | RSS Feed http://ift.tt/1UWLdBz

Australian property price gains remain strong – Aug 2015

The post Australian property price gains remain strong – Aug 2015 appeared first on Oak Laurel.

Australian property capital gains remain strong in Sydney and Melbourne – Aug 2015

Despite bubble talk from some media commentators the property price gains remain strong in Sydney and more so Melbourne – Aug 2015. If you were waiting for housing prices to drop in Sydney or Melbourne the latest data shows that it looks like you may have made the wrong decision. Demand for property in Australia’s largest and future largest cities remains strong. House price data from Corelogic PRData  monthly values – 31 July 2015 shows that “% Change Month on Month” unit prices were up by 3.23% in Sydney and up by 3.18% in Melbourne. Furthermore, house prices were up 3.32% in Sydney and up 5.12% in Melbourne, month on month. Rather than being dampened, surprisingly the data shows that property price gains in Sydney and more so Melbourne appear to be gaining speed. Melbourne price growth looks to be starting to catch up with Sydney’s.
Auction clearance rates over the last week (25 Jul – 1 Aug 2015) in Australia’s two largest cities show a similar picture with both Sydney and Melbourne having clearance rates at 79% according to the APM Market Reports on Real Estate listing site domain.com.au.

What about the changes some banks have made reducing maximum loan to value ratios for investors?

The changes in bank lending for investors does not appear to have had a dampening impact on property prices. There are still lenders that are providing 95% LVR investment loans and competitive interest rate, fees and feature packages. Furthermore, if you have equity from the already owned property price gains then you probably don’t need a higher LVR.

What about the interest rate rises for investors that some banks have made?

So far the interest rate rises that have been made by some banks have been modest. Investors must find the increase in interest rate insignificant compared to the capital gains that are being seen in Sydney and Melbourne. I wonder how much interest rates need to rise by before the current rate of capital gains becomes unattractive? Furthermore, there are still lenders out there that are under the Government Banking Regulator’s (the Australian Prudential Regulatory Authority – APRA) ‘magic number’ of 10% maximum allowed growth in investment lending and are more than happy to lend to investors. Investors can still get interest only investment loans in the low four percent range and even when borrowing over $1million. Note, you will need to meet the lender’s eligibility criteria. This information is correct at time of writing, the market is in a constant state of change. Check with us if in doubt.

What is the major limitation on borrowing now?

As previously mentioned the big losers from the new bank measures are first home buyers that want to enter the property market by buying an investment property. If you are a First home buyer looking to enter the property market as an investor to take advantage of the rent and negative gearing to help with the payments you may be interest in a guarantor home loan.
If you already own well located property in Sydney or Melbourne that was purchased some time ago you probably have access to some equity in your property. This equity can be used for a deposit on an investment property.
The major limitation on borrowing is then your borrowing capacity. The Government Regulator crackdown also included getting some banks to tighten up their borrowing capacity calculators and policy to make it more difficult to demonstrate your ability to make repayments if interest rates rise. The some banks have now changed how they consider rental income, living allowance and other some aspects in considering your ability to repay a loan. Want to maximise your borrowing power? Ask you what you can do and how you can do it, when you enquire with one of our mortgage brokers for a mortgage.

What is the solution for investors looking to borrow?

Looking to borrow to invest in the Sydney, Melbourne or other property markets? Ask one of our mortgage brokers about getting an investment loan with flexible borrowing capacity requirements, access to higher LVRs and competitive interest rate, fee and feature package. Note: this information is correct at time of writing, the market is in a constant state of change. Check with us if in doubt.
Contact one of our local mortgage brokers to go through your options.
Mortgage broker in Adelaide

Mortgage broker in Brisbane

Mortgage broker in Melbourne

Mortgage broker in Perth

Mortgage broker in Sydney

Oak Laurel Mortgage Brokers – Home loans made easy!

The post Australian property price gains remain strong – Aug 2015 appeared first on Oak Laurel.


from Oak Laurel | RSS Feed http://ift.tt/1gJIGfO

Australian property market 2015 forecast

The post Australian property market 2015 forecast appeared first on Oak Laurel.

Australian property market 2015 forecast: Good news for borrowers and real estate owners

The reserve bank of Australia may not have cut the cash rate today but another 0.25% rate cut before the end of the year appears likely if not inevitable. This is good news for borrowers and other factors also make for good news for property owners as prices set to continue to grow over coming years.

Why interest rates are likely to remain low or get lower in the near future

Considerations by the Reserve Bank of Australia in reviewing and setting the cash rate included:

• fluctuations in the economic conditions in Greece and China;
• below average growth in the Australian economy;
• inflation is forecast to remain consistent with the target over the next one to two years, even with a lower exchange rate;
• elevated but unchanged unemployment; and
• the need to depreciate the Australian dollar (higher interest rates encourages buy and appreciation of the Australian dollar)

It is reported that a cut to the cash rate at this stage may ‘spook’ consumer confidence. It is also likely that the reserve bank board knows that a cut is needed but would rather postpone it so that in future if more stimulus is needed there is still some rate left to cut.

Why real estate prices are likely grow

Real estate prices are linked to interest rates to a large extent as most people know. So the current (low) interest rates are already stimulating the housing market. If there is a further cut, which is likely, then this will stimulate the housing market even more!
But there are other factors that will compound price growth in the Australian property market. However, these are not as broad based as a rate cut.
Australia’s two largest cities have already had property price gains but now, according to SQM research, the amount of housing stock on the market  has plummeted. In Sydney, the housing stock on the market has dropped  15.7% compared to june last year and in Melbourne the housing stock on the market has dropped a massive 20.2% compared to this time last year! With less properties available for purchase buyers will need to fight harder (and pay more) for properties in these two markets.

Australian population growth is creating demand for housing

With Australia’s population growth one of the fastest in the developed world the demand for housing in on the increase. Sydney is Australia’s largest city, Melbourne is Australia’s second largest city and is forecast by the Australian Bureau of Statistics to grow at a faster rate and will become Australia’s biggest city (population wise). Large populated cities tend to have high demand and high property prices as more and more people compete to purchase. This is not new but since it is such a driving force in the property market it needs to be mentioned.

Massive investment from overseas investors in Australian property

In addition to migrants, investment from overseas buyers is helping the property market grow. China with millions of millionaires have become Australia’s largest foreign investors in Australian real estate and are forecast to invest billions more over the next seven years. Some of these will be immigrants or parents of immigrants others just investors. These property buyers are buying in Australia’s largest cities and tend to focus on areas where there are already a large number of Chinese residents. Glen and Mount Waverley in Melbourne are excellent examples of that. These suburbs are popular among Chinese buyers. This has led to Mount Waverley becoming Melbourne’s highest growth suburb. These and other Chinese hot spots are likely be growth hot spots into the future.
As mentioned by the Reserve Bank of Australia there are some economic woes in China with the Chinese stock market showing a crash of sorts in recent times. This will only serve as an incentive for more wealth Chinese to diversify their investment offshore and with their love of real estate and proximity to Australia, the market here is sure to benefit.

Impact of the Australian dollar on property prices

Another factor fueling the Australian property market is a cheap Australian dollar, which the Reserve Bank of Australia only wants to be cheaper. When the dollar is cheaper our exports become cheaper and we can sell more of them. But our properties also become comparatively cheaper and foreigners can afford to spend more and again pushing up prices.

Need to know how much you can borrow? Contact an Oak Laurel mortgage broker:

Mortgage broker in Adelaide

Mortgage broker in Brisbane

Mortgage broker in Melbourne

Mortgage broker in Perth

Mortgage broker in Sydney

Oak Laurel Mortgage Brokers – Home loans made easy!

The post Australian property market 2015 forecast appeared first on Oak Laurel.

Median house price soars in Mt Waverley

Median house price soars in Mt Waverley

by REBECCA DI NUZZO

WAVERLEY’S STATUS AS A PROPERTY HOT SPOT HAS BEEN CONFIRMED WITH THE SUBURB RANKING AMONG MELBOURNE’S TOP 25 SURBURBS FOR THE BIGGEST GROWTH IN HOUSE PRICES.

The median house price shot up 18.1 per cent to $980,000 in the year to March, eclipsing neighbouring Glen Waverley, to establish Mt Waverley as Monash’s star performing suburb, according to a CoreLogic RPData report.

Glen Waverley’s median house price grew 13.8 per cent to $990,000 in the same 12-month period.

Jellis Craig Mt Waverley agent Stephen Huang said the area’s Chinese community, elite schools, public transport options and The Glen made both suburbs popular with overseas buyers.

But the quieter streetscapes of Mt Waverley had become a major drawcard for families.

“For a lot of new migrants this (Mt Waverley) is the first choice,” Mr Huang said.

Source: Herald Sun


Are you thinking to buy a property in Melbourne? Maybe you are looking in Melbourne's top top growth suburb Mount Waverley. Contact an Oak Laurel mortgage broker to find out your borrowing power.

Chinese now Australia’s biggest foreign property investors

The post Chinese now Australia’s biggest foreign property investors appeared first on Oak Laurel.

Chinese now the largest foreign buyers of Australian real estate

Chinese are now Australia’s largest foreign property buyers, pushing the USA out of 1st place according to the Foreign Investment Review Board (FIRB).
Foreign Chinese property investors spent $12.4 billion on Australian property in 2013-14 up from 2012-13 when foreign Chinese spent $5.9 billion on Australian real estate according to the FIRB.
China’s total approved investment in Australia last financial year was $27.7 billion, while the US were approved to invest $17.5 billion. Canada is Australia’s third largest foreign investor with $15.4 billion of investment whilst Malaysia was the forth largest with $7.2 billion of investment.
The foreign property buyers focused on new dwellings, spending $16.4 billion on off the plan apartments up from $5.7 billion.
The foreign spend on existing homes jumped almost $2 billion to $7.17 billion last financial year.
Investment in commercial real estate also increased from $34.8 billion to $39.9 billion.
Investments in real estate accounted for almost half China’s total Australian investment, with its $12.4 billion approved investment more than twice the amount of the Americans on real estate.
The FIRB figures tally approved investment rather than actual investment.

Melbourne in Victoria, Australia is a hotspot for foreign property buyers

Melbourne has become a hotspot for foreign investment. Foreign investment in Australian residential property doubled in the last financial year and with most investment occurring in Victoria.
Victoria saw more than 10,000 approvals granted to foreign investors, according to the Foreign Investment Review Board annual report.
Interest from overseas buyers is creating price growth in some segments of Australia’s real estate market.
Glen Waverley, Mt Waverley and other suburbs in the Monash City Council area, such as Notting Hill in Melbourne are hot spots for Chinese buyers, ranking as the most popular suburbs in Australia on a Chinese property portal. The Monash area is also a very popular area with local Chinese which make up the majority of the market.
More generally, Melbourne is rated as one of the world’s top cities for Chinese buyers, according to a luxury real estate website and was the only Australian city to make the top 20 global destinations searched by Chinese buyers on propgoluxury.com
Are you looking to invest in property? Find out about investment property loans here:
Investment property loans
Or you can contact one of our mortgage brokers to assist you with your finance.
Mortgage brokers in Adelaide

Mortgage brokers in Brisbane

Mortgage brokers in Canberra

Mortgage brokers in Melbourne

Mortgage brokers in Perth

Mortgage brokers in Sydney

Are you a Chinese property investor, looking for a home loan and want to speak to a Chinese home loan broker?

If you are Chinese and need assistance, we have Chinese home loan brokers that can help you. Our Chinese home loan brokers can assess and compare home loan options for you so that that you don’t pay too much.
If you are a Chinese property investor, we can help you to find home loans that suit property investment and structure your investment home loans correctly to save you money and increase your flexibility. Ask us about home loans for Chinese property investors.
Contact us here:
Chinese mortgage brokers

你是一个正在寻找房屋贷款经纪人的中国房地产的投资者吗？

如果你是中国人和需要帮助，我们这里有来自中国的房屋贷款经纪人可以帮助你。我们的中国房屋贷款经纪人可以评估你的实际情况和帮你比较住房贷款的种类，这样你就不会多付不必要的资金.

如果你是一个中国房地产的投资者，我们可以帮你找到适合房地产投资的贷款, 我们也可以帮你设计正确的投资购房贷款来节省您的资金和增加你的资金自由性。向我们询问中国的房地产投资者的购房贷款细节。

在这里联系我们：

贷款经纪人

Oak Laurel Mortgage Brokers – Home loans made easy!

The post Chinese now Australia’s biggest foreign property investors appeared first on Oak Laurel.


from Oak Laurel | RSS Feed http://ift.tt/1K4DDyF

Auction clearance rates in Melbourne at record highs in 2015

The post Auction clearance rates in Melbourne at record highs in 2015 appeared first on Oak Laurel.

Auction clearance rates in Melbourne reach record highs in April 2015

Melbourne’s Auction clearance rate jumped a massive 8% to 86% for the week of 18-25 April 2015 according to Australian Property Monitors (APM) data. This rate is the highest seen across all of Australia’s capital cities in 2015, above Sydney’s previous peak of 85%.

What caused the record high auction clearance rate in Melbourne?

The Auction clearance rate has previously been high (78% in the previous week) and increasing. However, because Saturday the 25 April 2015 was ANZAC day very few properties were listed for Auction as fewer bidders were also expected on this day. It is clear that there is high demand for property in Melbourne though we will need to wait until the end of next week to see the auction clearance rate under normal conditions.
High auction clearance rates are a good indication of price growth in the market as more vendors’ (sellers) price expectations (and the reserve prices) are met resulting in a greater proportion of sales. Though not a major factor, rising rents in Melbourne may also be contributing to increased interest in the Melbourne market as higher rental yields make paying an investment property loan easier and make renting less attractive.

Are you looking to invest in property? Find out about investment property loans here:
Investment property loans

Or you can contact one of our mortgage brokers to assist you with your finance.
Mortgage brokers in Adelaide

Mortgage brokers in Brisbane

Mortgage brokers in Canberra

Mortgage brokers in Melbourne

Mortgage brokers in Perth

Mortgage brokers in Sydney

Oak Laurel Mortgage Brokers – Home loans made easy!

The post Auction clearance rates in Melbourne at record highs in 2015 appeared first on Oak Laurel.


from Oak Laurel | RSS Feed http://ift.tt/1b2kQbf

Chinese property investors predicted to invest billions more in Australian real estate 2015

The post Chinese property investors predicted to invest billions more in Australian real estate 2015 appeared first on Oak Laurel.

Chinese buyers are forecast to invest $ billions in Australian property 2015

Chinese property investment in Australia estimated to reach AUD $44 billion over the next seven years

A report by global investment bank Credit Suisse predicts that Chinese nationals will continue to invest in Australian real estate. It is estimated that Chinese investment in Australia property will be approx AUD$44 billion over the next seven (7) years.

When forecasting expected Chinese residential property investment, the analysis combined information from the Foreign Investment Review Board, Department of Immigration and Bureau of Statistics . The bank’s conservative estimate is that Chinese will invest $5 billion per annum into the future.

The Credit Suisse analysis estimated that newly arrived Australian immigrants and foreign Chinese investors have already spent about $24 billion on Australian property over the past seven years. Foreigners (including Foreign Chinese) are required to purchase new properties, taking this into account the report estimates that about 12% of all new properties in Australia are purchased by foreign Chinese buyers.

Where are Chinese property investors buying property?

The  report suggests that the majority of Chinese property buying is occurring in Australia’s two largest cities, Sydney and Melbourne. Within Sydney and Melbourne certain suburbs are Chinese buyer hotspots such as in and around Glen Waverley in Melbourne. It is estimated that 18 per cent of all new properties in Sydney and 14 per cent in Melbourne are being purchased by foreign Chinese nationals. The amount of new property bought by foreign Chinese in other Australian cities was estimated at a much lower level (7%).

Is Chinese investors buying in Australia good for other Australian property investors and homeowners

The continued demand from Chinese property investors for Australian property is good news for homeowners, property investors and property developers as demand for Australian property, particularly new property is set to remain strong and result in sustained capital gains. However, on the contrary, this may be bad news for those yet to enter the Australian property market as prices are likely to rise quicker than many can save for a deposit.
Are you a first home buyer and want to enter the property market with a low deposit or no deposit? If you have family that would like to help you and who already own property that has increased in value since they bought it, you may also be able to get a guarantor home loan without having a deposit. Low deposit home loans are available where you can borrow up to 95% of the property value without a guarantor.
Guarantor home loans

Are you a property investor or about to buy your first investment property? With the already high demand for Australian property (as a result of population grow) increasing due to foreign demand you may want to invest in Australia property. Find out more about borrowing to invest in property.
Investment property loans

Are you Chinese, looking for a home loan and want to speak to a Chinese mortgage broker?

If you are Chinese and need assistance from a Chinese mortgage broker, we have Chinese mortgage brokers that can help you. Our Chinese mortgage brokers can assess and compare home loan options for you so that that you don’t pay too much. If you are a Chinese property investor, our Chinese mortgage brokers can help you to find home loans that suit property investment and structure your investment home loans correctly to save you money and increase your flexibility. Ask us about home loans for Chinese property investors and consult with a Chinese mortgage broker.

Chinese mortgage brokers

中国的抵押贷款经纪人



Oak Laurel Mortgage Brokers – Home loans made easy!

The post Chinese property investors predicted to invest billions more in Australian real estate 2015 appeared first on Oak Laurel.


from Oak Laurel | RSS Feed http://ift.tt/1DGV5o4

Renting gets more expensive in Melbourne in 2015

The post Renting gets more expensive in Melbourne in 2015 appeared first on Oak Laurel.

Rent prices are on the increase in Melbourne, Victoria in 2015

With rent prices increasing in Melbourne, the rental market has never been tougher for tenants. Melbourne’s rent prices have reached an all-time high in 2015.
According to the Domain Group’s recently released rental report, the median asking rent for houses in Melbourne, Victoria increased to $390 per week, an increase of 2.5 per cent over the March quarter. The report also found that unit rents increased to $365 per week, an increase of 1.4 per cent over the March quarter. These increases are thought to be as a result of strong population growth in Melbourne that has not only been pushing up rent prices but also pushing up real estate prices. The rental increases come despite Melbourne having a unit vacancy rate of 2.8 per cent and a house vacancy rate of 1.9 per cent.
Melbourne is not the only Australian city to be experiencing increasing rent prices in 2015. Sydney is also seeing rents get more expensive, on the back of property capital gains.  The median rent in the Sydney in the 2015 March quarter for houses was $520 a week and for units $500 a week.
These increases in rental prices may result in further interest by renter and investors alike in purchasing property in Melbourne, which is already showing good property capital growth.
There is concern for first home buyers due to the increased rents reducing disposable income and making it more difficult to to save a deposit for the purchase of their first home. This comes on top of what is already a difficult market to enter due to higher and rising property prices. It is also expected that the rental price increase will lead to higher demand for low deposit home loans and family assisted first home buying (such as guarantor home loans). However, rental price increases are good news for property investors in Melbourne as increases to rents also help to cover the interest payments on investment properties.
Are you interest in a guarantor home loan? Find out more information about guarantor home loans here:
Guarantor home loans

Maybe you want to buy an investment property. Find out about investment property loans here:
Investment property loans

Or you can contact one of our mortgage brokers in Melbourne, Sydney or wherever you are to assist you with your finance.

Mortgage brokers in Adelaide

Mortgage brokers in Brisbane

Mortgage brokers in Canberra

Mortgage brokers in Melbourne

Mortgage brokers in Perth

Mortgage brokers in Sydney


Oak Laurel Mortgage Brokers – Home loans made easy!

The post Renting gets more expensive in Melbourne in 2015 appeared first on Oak Laurel.


from Oak Laurel | RSS Feed http://ift.tt/1QibnNR

Homes for new Australian

Population growth and Australian property

With the Australian population growing at one of the highest rates in the developed world the demand for housing has been and remains strong.

Where are all these new Australian people going?

The majority of people coming to Australia are moving to the State capital cities but primarily Melbourne followed by Sydney. Within the capital cities people and not just new people but generally people want to live in the inner city area or middle ring area. This is because in Australia the State capitals (especially Melbourne and Sydney) are the places where the jobs are and within these cities the inner city is where the high paying jobs are and thus living around these areas is convenient and prefered by high income earners. People looking to to invest in Australian real estate either to live in or rent out (as the capital gain is where the money is made from Australian property), they may want to purchase in the inner and middle ring. There are still bargains to be found in some suburbs like Maidstone in the west inner city and Notting Hill in the east middle ring. These areas are also favored by new Australians.

Resources

www.propertyinfo.info

www.realestate.com.au