As the Chinese proverb says – May you live in interesting times! And we certainly are!! The share market is volatile, the banks are tightening their credit criteria, and most interestingly I got an email from Realestate.com.au about ‘How to Sell Your Property’. This reminded me of the beginning of on line share broking 15 years ago. It made me wonder if there will come a time when full service Real Estate Agents will be unusual, and most people will sell their own properties on line? May we live in interesting times!!
Buying Property in your SMSF – THIS WEDNESDAY (22nd May)
This Wednesday at 7pm we’ll be workshopping the pros and cons of buying Property in your Self Managed Super Fund. Please phone Ro to secure your seat. After a eighteen months of falling stock market prices, and recent changes in SMSF legislation, I’ve had a lot more interest in using Super Funds to buy property. On Wednesday we’ll be discussing the how do to it and what to expect. Please phone Ro on 9818 6755 to book your place.
95% Loans
The credit criteria at most of the banks has changed recently, with the maximum loan amount now only 90%. The notable exceptions to these are for Existing Clients of some banks. So if you’re planning to contribute only 5% + costs to the purchase of your next property please call me to discuss the new parameters of this strategy.