The Long Property Show is back and this week we discuss the topic of renovations. For some, this means a cosmetic update of their kitchen and bathroom, while for others they are stripping the house to its bones and starting from scratch. Obtaining finance for each respective body of work can be very different, and […]

Be careful of lodging multiple finance applications, in quick succession, implying that you can’t get finance, or you’re desparate for cash. What’s more common though are clients who have gone direct to a bank for pre-approval, but then come to us (Long Property) afterwards, either for better service, cheaper interest rates, more money, etc. In […]

With the decline in borrowing capacity over the last nine months we have seen more and more clients ask us about the idea of partnering with a friend or a family member in order to buy a property. This may seem like a great idea initially as there is likely to be a substantial uplift […]

Today we discuss the difference between principal & interest (P&I) and interest only (IO) repayments. What are the typical differences for each? How will each impact your monthly cashflow? Is paying down debt wiser in all cases and why you might choose to pay interest only even on homeloan debt? Like with most things in […]

Not everyone realises the potential benefits associated with releasing equity (e.g. getting ‘cash-out’) from their property portfolios. It may be to pursue investments or to improve their homes. It may be to provide gifts for family members, or to pay for school fees, or to buy a new car, or even to just act as […]

In today’s show we review the expert predictions on interest rates and housing market forecasts for 2023… some positive, some not so positive. There are logical arguments and very plausible outcomes on both sides. And we welcome back Patrick!! Happy holidays! — The Long Property Show provides general information only and has been prepared without […]

Today on the show we discuss why the effects of the recent RBA interest rate rises have been slow to affect the housing market and the broader economy. During the pandemic as a result of the restrictions imposed many Australians built up large savings balances or got ahead on their mortgage commitments. This wealth boost […]

Does it still make sense to invest in property when Interest Only investment rates are starting to edge towards 6.0 per cent, and buyers could be tens of thousands of dollars out of pocket each year just holding such properties? Today we discuss the potential merits of residential property investment now that opportunities are beginning […]

Unfortunately loyal clients who haven’t reviewed their loans recently are being disadvantaged. Reasons for this include a lot of lenders now offering stronger discounts to attract new clients, and in some cases certain lenders also repricing their back books. To get the best rate it pays to shop around, and also to refinance from time […]

The NSW government has just passed the First Home Buyers Choice stamp duty reform. This now gives first home buyers a choice between paying a lump sum stamp duty payment or an annual tax of $400 +0.3% of their property’s land value. We discuss what it might mean for property buyers and the broader market […]