Home Loans & Mortgages

Melbourne Australia’s Liberman family has entered the fledgling shared equity home loan business through a $25 million investment in an unlisted fund recently launched by Macquarie Bank-affiliated Rismark International. Its LJCB Investment Group has bought into the first of several planned Equity mortgage funds from which Rismark hopes to corner the shared equity home loan market. [...]

Australia’s strong economy, lower unemployment rates, a higher $AU dollar and raising housing and rental values, we should expect higher mortgage interest rates in 2010.

Don’t buy a new home as your first home.
If you were buying a home 10 years ago, this would not make sense. But things are different today. Land prices are killing new home sales and only people that have made equity in the first home can build new today.

So my first advice to you is to buy a bargain established home. There are plenty to choose from and they are below replacement cost. You get more for less, and in less time.

Home buyers turn to no deposit and  low-deposit mortgages Lowering home affordability means that first-time home buyers are cutting back on the size of their deposits and opting for bigger mortgages, industry people say. Average deposits for first-time buyers have shrunk to between three and six per cent in recent years compared with the traditional [...]

Property is, and always has been, a solid long-term investment, but maybe not the bonanza it can be right at this point in time.
So if you are thinking of buying a property as an investor, take your time and shop around, and negotiate on price, and buy wel located homes in good suburbs.