Be prepared | The next best thinghttp://www.brendanhoman.com.au
Ep147. Bank or Broker. The Best Option For You and Why.In the last 3 weeks, we have had 3 buyers who have not had as smooth a process of gaining finance approval as they were expecting. Each of them has owned properties previously and had previous mortgages on those properties with flawless payment history's. However, with the banking royal commission, the banks have tightened up their lending criteria and these buyers are having to jump more hurdles then they have ever had to in the past. When applying for finance, I highly recommend that buyers ALWAYS apply through a mortgage broker then directly to a bank.
Ep146. Agent Feedback After An Inspection.One of the most frustrating parts of an agents job is calling a buyer after they inspect a property and that buyer ignores their attempts to speak to them. It is even more disheartening for the seller, as the seller puts a lot of effort into presenting their property nicely. Even if the buyer is not interested in the property, the feedback they are able to provide an invaluable part of the selling process to ensure a successful outcome. The agent isn't trying to harrass you, they are sinmply doing their job. In this video, Brendan explains more.
Ep145. The Early Bird Gets The Worm!It can sometimes feel like buyers have their finger on the buzzer when a home comes on the market. Some properties barely spend a few days with a 'for sale' sign up before a new buyer snaps it up. Similar looking properties may take months. The reason for this is different buyers have different criteria they require, and small differences can mean that one home ticks the boxes where another doesn't.
Ep144. 72% Of Buyers Do No Want To Do Renovations?We might love our renovation shows, but a whopping 72% of Aussies say they would prefer to buy a home that is ready to live in immediately and won't need fixing for years. Of those who are happy to buy a partially renovated home, they are talking cosmetic renovations like a kitchen or bathroom facelift so they can update it to their own tastes, not a structural fix.
EP143. WHY DO AGENTS HAVE DIFFERENT OPINIONS ON HOW MUCH YOUR HOME IS WORTH?One of the first things property owners do when planning to sell is they call in 2 or 3 agents to get an idea of what their home is worth and the best method to sell. One would think that most agents would be pretty similiar on their price expectations, but what do you do if they are some distance apart?
Ep142. How Council Plans To Stop Duplex ClusteringThe Toowoomba Regional Council has taken major steps to prevent duplex clustering by forcing developers subdividing land to nominate and limit the blocks that will be allowed to have duplexes built on them. Since 2012, Duplex's have been an exempt development which has resulted in an increased rate of construction, and many being a poor design standard and whole streets and sometimes entire developments being cluster housing. This has impacted on local streetscapes and neighbourhood character and amenity. These areas aren't always adequately serviced to meet the needs of the increased population
Ep141. How a Falling Sydney Market Is Boosting Our Queensland MarketMany headlines in the news reports that the markets in Sydney & Melbourne are in decline and their prices are dropping. By all reports this is true. However it is having a positive effect on the Queensland market as our property prices are on average half of what a similar property would be in Sydney.
Ep.140 - There is a shortage of homes for sale in WinterMost people wouldn't even dream of putting their home on the market during Winter, instead waiting for the peak selling season of Spring when their home and garden will look at it's best.
And whilst there is a lot of truth that more buyers are around in Spring, there are also a lot more houses on the market and more competition, whereas Winter is more a captive market.
Ep139. (Part 2) - Are you ON the market or IN the market?
Ep138. (Part 1) - Are you ON the market or IN the market?Being ON the market and being IN the market relate relate to the position of either the buyer or seller in the process of buying or selling a property. A thorough understanding of this is integral to a successful transaction
Ep137. The 48 Hour RuleGenuine buyers act quickly. If a buyer is interested in buying your home, within 48 hours of their first inspection you will have either received an initial offer, a request for a second inspection, or at the very least you will be notified that they are interested. In this video Brendan explains .
Ep136 Seeking advice? Who should you ask?Most advice you will receive is well intentioned, but some of it is also misinformed. When you receive advice, consider the experience and expertise that the person has in that area. In this video, Brendan offers some guidance on what to look for in the person giving you advice.
Ep135. Still Renting? Your landlord LOVES you!In this video, Brendan goes through the real cost of renting, showing you the facts and breaks down the figures of just how much your landlord is profiting from the house that you are paying off for them.
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Ep134. New Car or New House? The difference after 10 years is staggering.Many people have no issue with purchasing a new car for $50 or $60,000, knowing that at best, it will only be worth $15 - $20,000 as a trade in 5 years time to upgrade again. In this short video, Brendan explains the financial realities between buy a new car and buying a home. Note. The difference is staggering!
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Ep131 - Budget Surprise! New Tax on Vacant Land!In all, there were no big surprises for the general housing in last weeks Federal Budget! However they snuck one in called a 'Vacant Land Tax'. Those people who own vacant land for investment purposes can no longer claim a tax deduction for expences incurred in holding that land until there is a house built and is ready to be occupied. So now could be the time to build on your vacant block!
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Ep130. Fail to do this and your contract could be terminated | by Brendan Homan PropertiesOnce you have sold your home, it is essential you do this one important step to ensure that your mortgage is discharged by your bank in time. Many settlements are delayed because it is not done on time or forms are not filled out correctly. This week, Scott Butler from Edge Financial Services walks us through the steps required and tells us the critical deadlines t to make sure there are no delays on settlement day.
Ep129. When Should Buyers Do The Build & Pest Inspctions | by Brendan HomanContracts may vary on the length of time allowed for a buyer to complete their building & pest inspections. In this video, Brendan gives 3 reasons why it is in both the buyers and sellers best interests to have it done as soon as possible.
Ep128. Changes Are Coming To How Banks Use Your Credit Score! | by Brendan HomanThis week, Brendan met with Scott Butler from Edge Financial Services and Scott explained how the banks are sifting through your credit information much deeper then they ever have in the past. Gone are the days of simply providing the last 3 pay slips and 6 months of bank statements when applying for loan. Banks will soon have the ability to automatically search through your entire credit history and even analyse your spending habits. In this video, Scott explains how this will affect you.
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Ep127. What is the banking royal commission?
Ep126. 2 Reasons Buyers Are Choosing To Move To Toowoomba | by Brendan HomanOver the last 6 - 8 weeks, we have experienced a huge increase in inquiries from buyers who currently live in Brisbane, Sydney, Gold Coast & North Queensland and looking to move to Toowoomba. There are 2 reasons which consistently are told to us why they choose Toowoomba.
Ep125. Brendan Is In Las Vegas for the RE/MAX R4 World Convention | by Brendan HomanBrendan is in Las Vegas with 9,000 other agents from over 100 countries for the RE/MAX R4 World Convention. The 4 day convention includes keynote speakers including Gary Vaynerchuk as well as over 100 other speakers through the RE/MAX University. Brendan has some great new ideas to implement within our business which will be beneficial to my buyers and sellers. But also some fun, there are not many companies that bring in Bon Jovi for a private concert!
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Ep124. Two Critical Elements Required For a Successful Sale | by Brendan HomanThere are two critical elements that will ensure you will sell your home for the maximum price possible in a shorter period of time. However, dismiss these elements and your home will take much longer to sell and you will receive less dollars from your sale.
Ep123. Small Lot Housing - Popular with some, unpopular with others | by Brendan HomanThe Council is encouraging developers to create smaller sized blocks of land then we are traditionally used to, many around 300 & 400sqm. These have not been received well my the local market place, with many selling to interstate investors. In his video, Brendan explains the issues surrounding these small lot estates as well as segments of the market who should consider them as a viable alternative.
Ep121. Get Clued Into Your Competition | by Brendan Homan Propertieshttp://www.brendanhoman.com.au
Ep120. THE ULTIMATE GUIDE: Where To Celebrate Australia Day! | by Brendan HomanHere in the 'Capital City of the World' we have a huge choice of activities to celebrate Australia Day. Some of the choices include pool parties, yabby races, backyard cricket and billy cart races. Don't forget to throw a couple of lamb chops on the BBQ and the top 100 countdown is always popular. But please don't party to hard, as we have some awesome properties open for your inspection on Saturday.
Ep119. The Toowoomba Property Market in 2018 - Brendan's Crystal Ball | by Brendan HomanBrendan's annual review of the previous year and predictions for the forthcoming year is one of his most watched and commented videos each year. In this episode, Brendan recaps 2017 and reads into his crystal ball on what 2018 holds for the Toowoomba Property Market.
Ep118. Job's & Housing - What They Mean For Toowoomba | by Brendan Homan Propertieshttp://www.brendanhoman.com.au
Council Approves New Factory - 1,000 New jobs To Be Created | by Brendan Homan PropertiesAn infant formula factory has been approved by Toowoomba Regional Council in the Wellcamp Business Park directly across from Wellcamp Airport with construction to commence early in 2018. The factory will have a capacity of 30 million tins a year with it's products to be exported to Asia. This will be followed by a $150 million fresh milk factory to produce UHT milk, milk powder and fresh milk with the capacity to export up to 200,000 litres (or a jumbo jet) of fresh milk daily. Wellcamp Business Park was chosen because of it's proximity to Wellcamp Airport and the Second Range Crossing.
Ep116. Why realestate.com.au displays properties outside your search criteria? | by Brendan HomanHendrik has emailed in the following question - "Why does realestate.com.au display properties outside my requested search parameters? I enter a maximum budget of $300,000, but the results include properties "over $320,000" and "$350'000" which are outside my requested search criteria. Further, can I make an offer of only $300,000 on these properties?" In this video Brendan explains why this occurs.
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Ep115. Only 5 Weeks To Xmas | by Brendan Homan PropertiesEP115. SELLING OR BUYING BEFORE CHRISTMAS?
If you are hoping to either buy or sell before Christmas, then with only 5 weeks until Santa arrives, this weekend is practically the last weekend to sign a contract and for it to settle in time.
If you don't need to be in by Christmas, then this is a great time with lots of activity happening around the peak selling season. Just keep in mind that banks will be working on skeleton staff levels and most solicitors and building and pest inspectors close down over the Christmas/New Year period, so make sure your contracts dates allow sufficient time for this.
Ep114. Bunnings North Toowoomba Warehouse Now Open | by Brendan Homan Propertieshttp://www.brendanhoman.com.au
Ep113. Is it better to have only 1 agent selling my home, or would multiple agents be better?Vanessa has asked the question "Is it better to appoint only 1 agent to sell my home, or would 2 or 3 have a wider reach?". A very good question and one we get asked quite often.
Where you appoint only one agent, that is called an 'exclusive listing' and multiple agents is called an 'open listing'. Where you appoint an exclusive agent, then that one agent is solely responsible for the marketing and sale of your home, whereas with an open listing no one is responsible. The responsibility falls back on the home seller.
The vast majority of homes on the market are exclusively listed with only one agent, and the statistic have proven that on average they sell for a higher price and in a shorter period of time. Some sellers are scared of exclusively listing because if that agent is not doing a very good job then their hands are tied and they can't swap agents. A good agent will be happy to provide you with a service guarantee that should eliminate this objection and give you piece of mind.
Ep112. What Does The Contract Say About The Standard Of Cleanliness At Handover | by Brendan HomanThe vast majority of time, buyers are very happy with the standard of cleanliness when they take possession of their new home. Occasionally it falls short of their expectations. Perhaps the buyer has been renting for some time and expecting a bond clean as is the case when renting. What does the contract say in this regards?
The standard contract doesn't specify a specific standard of cleanliness. It states that the property should be in a similar condition to that when it was inspected plus fair wear and tear since that date. If certain standards need to be adhered to, it is always best to make it clear within in the contract at the time of signing.
Ep111. Smaller Blocks. Good or Bad? | by Brendan HomanBlock sizes have undoubtedly become much smaller in Toowoomba in the last few years. The backyard has been decreasing in size for many decades from the traditional quarter acre block to 600sqm and over the last couple of years to as small as 220sqm. The arguments for smaller blocks are that it makes housing more affordable and slows urban sprawl.
In Toowoomba there has been a lot of resistance to smaller blocks resulting in most being sold to interstate investors. This comes with it's own issues including some estates becoming rental ghettos, lack of car parking and low quality building design.
If designed correctly, there are some segments of the market well suited to smaller lots, including retirees and first home buyers who do not wish to have a large yard, however estates should have a mix of small and large block sizes to include and integrate a multitude of both home owners (first home buyers, families and retirees) and investors (and tenants) so that ghetto suburbs are avoided.
In Toowoomba, we are fortunate to still have acreage land available within 15 minutes of the CBD and generally for similar prices to small city blocks. These generally sell to owner occupiers and have a high standard of housing, however their availability is becoming more limited and therefore in higher demand, especially those who wish to have room to build a shed.
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Ep110. Presentation Perfect | by Brendan Homan PropertiesPresent day buyers are critical of the presentation of the homes they are viewing. For most, purchasing a home is an emotional experience, so more often then not, once the essential criteria is met (such as number of bedrooms, location etc), the determining factor comes down to which home appeals the most. The home that is better presented mostly is the preferred choice and also achieves a higher selling price.
Ep109. Greens New Renters Rights Proposal Is Anti-landlord | by Brendan HomanThe Greens Political Party propose laws be changed to allow tenants’ rights to unlimited time rent controlled leases, ability to break leases at will with no reason upon 3 months notice, overrule owners’ rights to move back into properties without 12 months’ notice, have leases endure even if the property is sold, have pets without authority, bang nails into walls, repaint, etc which would be the most radical and tenant biased changes ever proposed in Australia.
This sets a very scary precedent for property owners and investors. This law change proposal by the Greens has the capacity to kill investor activity with the result that rents will skyrocket hurting the very sector they are looking to assist.
Ep108. Make Sure You Do This One Essential Check BEFORE Upgrading Your Home| by Brendan HomanBanks and mortgage lenders are constantly making changes to their lending criteria. Many people have perfect lending records, having never missed a payment, yet are surprised when they apply for a new mortgage that they only receive approval for a lesser amount than they had on their previous mortgage.
Many people wishing to upgrade to a larger home, move to a new town for work purposes or even downsize for retirement, sell their existing home first only to find that they are unable to obtain a sufficient mortgage for their next home. This one simple check will save you being caught out.
Ep107. Toowoomba Homes Are 1/3 The Price Of Sydney Homes | by Brendan HomanFor the first time in 70 years, Queensland is facing the prospect of negative interstate migration? The fact more people may soon leave the Sunshine State than come to it from other states clearly suggests Queensland needs to get its mojo back.
Queensland has always been a confidence player, with a proud reputation as a diverse, can-do economy. But in recent years we have become too reliant on the mining boom, and with its inevitable downturn, the economy has been caught out.
I was in Melbourne last week and saw a TV advertisement by the Queensland Government promoting Queensland's housing as more affordable than the Southern States along with our weather, beaches and lifestyle being the best in the nation.. I think this is a brilliant strategy that will promote interstate migration to drive our economy, just like it did throughout the 1990's when 1500 families each week moved North.
I would like to see this go one step further, and for our Mayor to heavily promote Toowoomba as a desirable alternative to the better known destinations of Brisbane, Gold & Sunshine Coasts. Sure we don't have a beach, but we do offer even more affordable housing, a wide variety of employment opportunities and fantastic schools.
Ep106. Don't Skip These 2 Crucial Steps If Doing A Private Transaction | by Brendan Homan PropertiesEP106. DO NOT SKIP THESE 2 CRUCIAL STEPS IF YOU ARE DOING A PRIVATE (NO REAL ESTATE AGENT) TRANSACTION!
You’ve finally decided to sell your home. Word slowly spreads around town. You are ready to start looking for the perfect real estate agent to handle your sale, but then your neighbor calls. He tells you that his friends are interested in buying your home. You think, Why not, that would certainly make things easy and save the agent fee, so you invite them to take a look. They absolutely love it and make you an offer. You are thrilled and decide to move forward. No agent, no hassle, right?
Ep105. Toowoomba Hasn't Has a Traditional Winter Selling Season For 5 Years | by Brendan HomanTraditionally, the Toowoomba real estate market went into hibernation over the winter months. That hasn't happened during the last few years due to increased investor activity. Now that the investors have slowed down, we are again experiencing our normal markets. That has some of the newer agents running scared because they haven't experienced a slower period, however traditionally it happened every winter and bounced back again once Spring arrives.
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Ep104. New ATO Rules For Sales Above $750,000 | by Brendan HomanFrom July 1, Australian sellers of property over $750,000 will have to show they are an Australian resident by obtaining a “clearance certificate” from the Australian Tax Office. If this is not provided, then the buyer will be required to withhold 12.5 per cent of the purchase price and forward it to the ATO and the seller will not receive full payment for their property. Buyers could also face a penalty if they do not withhold when they should. …
Ep103. End Of Financial Year Property Tax Tips & Traps | For Sale by Brendan Homan PropertiesNo one wants a run in with the ATO and it’s Auditors, but we believe you shouldn't have to give up the tax savings you are entitled to, just to stay off the radar. So here are some Year End Property Tax Tips and Traps, both simple and perhaps some slightly more sophisticated, to help maximise your property tax deductions and minimise the impact of tax on your disposable income and wealth building this year …
Ep102. Essential Clause – Subject to Completion of Buyers Prior Sale | by Brendan HomanEP102. ABSOLUTELY ESSENTIAL YOU ADD THIS CLAUSE IF YOU REQUIRE THE FUNDS FROM YOUR PREVIOUS HOME TO SETTLE THE PURCHASE OF YOUR NEW HOME.
Too many people get caught out relying on the terms of their sale contract and trusting that everything will proceed smoothly through to settlement. Unfortunately, things can and do go wrong. If you are purchasing a new home and you require funds from your sale to settle your new home, it is essential you add this one clause to protect you from defaulting on your purchase contract and possibly losing your deposit.
Ep101. Get In Quick! $20,000 First Home Buyer Grant Only To 30 July, 2017 | by Brendan Homanhttp://www.brendanhoman.com.au
Why Would You Sell in Winter? | by Brendan HomanWHY WOULD YOU SELL IN WINTER?
The peak selling season in Toowoomba is Spring through to Easter. This is generally because the gardens are looking their best, the weather is good, plus Christmas is a popular time for job transfers and families to move to fit in with the school year. All these reasons ensures plenty of buyers through your doors. However, some people prefer to sell during the Winter months and they do have a good reason. Watch this short video where Brendan explains the pros and cons about selling in both seasons.
Ep99. Higher Strata Levies Can Be A Benefit | by Brendan HomanWhen selling units, I am quite often asked asked how much the strata levies are? but seldom asked what they include. Sometimes they will be higher because the complex requires a lot of maintenance, but could also be because it offers more facilities or the grounds are maintained to a much higher standard, whereas lower fees might cover little more then the building insurance. In this video Brendan explains some of the things to consider when comparing strata costs.
Ep98. Housing Affordability - Is It Really An Issue? | by Brendan HomanHOUSING AFFORDABILITY - IS IT REALLY AN ISSUE?
Toowoomba has amongst some of the most affordable housing in Australia, especially when compared to the Capital Cities. Decent homes can still be purchased for around $300,000. They may not have every item on your wish list, perhaps even require some renovation. However they are neat, in overall sound condition and provide a roof over your head. Therefore are our expectations too high?
Ep97. Federal Budget Provides Massive Boost To New Jobs In Toowoomba! | by Brendan HomanEP97. FEDERAL BUDGET PROVIDES MASSIVE BOOST TO NEW JOBS IN TOOWOOMBA!
The Federal Budget this week promised $8.4 billion dollars funding for the inland rail from Melbourne to Brisbane. Toowoomba stands to benefit the greatest from this project which will create tens of thousands of local jobs over the coming years. Watch this video to find out why.
Ep96. Why a buyer should insure a property before settlement | by Brendan HomanDid you find this video informative.
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Ep95. Unfurnished Rooms Are Empty, Cold & Boring! | by Brendan HomanDisplaying an empty room to potential buyers can be a risky decision as it limits their imagination of the property’s potential. “Staging” with hired furniture can be very expensive, and you can never be sure how long you will need to hire it for. You could end up spending a lot more than originally planned.There is another option that is very affordable and helped achieved fantastic results which otherwise have been unattainable.
Ep94. Is a contract binding if the deposit has not yet been paid? | by Brendan HomanEP94. IS A CONTRACT BINDING IF THE DEPOSIT HAS NOT YET BEEN PAID?
Whether or not a deposit is paid has nothing to do with whether or not a contract is binding. It is a myth that buyers may withdraw from a contract prior to paying their deposit. There is only 2 criteria that must be met to establish a binding contract.
Ep93. Investor Home Loan Tightening ... A Blessing For Every Day Home Owners ! | by Brendan HomanAs lending on investment properties continues to tighten, lending for borrowers for their own principal place of residence remains relatively unchanged. The banks are desperately trying to keep their books balanced and this has many benefits for those borrowing for their own home.
Ep92. Don't Be A Fool | by Brendan Homan TeamApril Fool's day is celebrated every year on April 1st by playing practical jokes and spreading Hoaxes.
It's also 'Change Your Smoke Alarm Batteries Day'. Just a couple of weeks ago, I personally experienced how quickly an electrical fault quickly an electrical fault could start a house fire and that this could very easily go unnoticed until your home is well alight.
Ep91. First Homebuyers Are Extremely Lucky They Live In Toowoomba | by Brendan HomanFIRST HOMEBUYERS ARE EXTREMELY LUCKY THEY LIVE IN TOOWOOMBA!
A couple of years back the Government made some very drastic changes to the requirements for a property to be eligible for the First Home Owner Grant (or Great Start Grant). A property has to be either brand new or a new construction.
This means that the majority of first home buyers in Australia will never receive the grant (currently $20,000) because those properties are generally much more expensive and simply not affordable.
We are very lucky that in Toowoomba our properties are much more affordable then the major cities and that new homes can be purchased with repayments generally being similar to what the purchaser would otherwise pay in rent.
Ep90. Bank Changes Make It Even more Difficult For Investors | by Brendan Homan Propertieshttp://www.brendanhoman.com.au
Ep89. This Subject Is More Important Than Real Estate | by Brendan HomanIt's been a very emotional week for my family. This is why and please give it careful consideration. Please watch .....
Ep88. Shocking Conduct By National Australia Bank! | by Brendan HomanOn a property I recently sold, I received a phone call from the purchaser telling me that the bank valuation had come in $50,000 below the contract price. This was followed by an email from the bank manager recommending the Purchaser use the lower valuation to renegotiate the purchase price of the home.
However, the banks valuer hadn't done a physical viewing inside the home, only doing a 'drive by' and viewing the photographs on the internet. The Purchaser was furious and requested the bank do a 'proper; valuation which the bank refused.
Unfortunately situations like this occur quiet regularly and it is very easy for a purchase or a sale to fall through due to the shoddy practices of the bank.
Ep87. Whats In Store For Toowoomba Real Estate In 20172016 proved to be a reasonably steady year for Real Estate in Toowoomba. It started off a little slower with investment buyers virtually non-existent. After the Federal election, confidence increased and we saw a small rise in investors as well as owner occupiers. The middle to high end of the market has certainly seen more movement.
Going forward to 2017, jobs security is probably the biggest item that is effecting people decisions whether to buy or continue renting. Employment opportunities will continue to increase over the next few years as new factories are built in the Toowoomba Enterprise Area at Charlton/Wellcamp.
Ep86. The Brendan Homan Team Expands - Meet Our Newest Team MemberIt has been a huge 2016 for the Brendan Homan Team, so we are happy to announce that we have added a new member to our awesome team! Zahlia comes from a long standing real estate family with both her mum and dad as well as auntie and uncle being licensed agents.
Zahlia has just completed an intensive 9 month mentoring program with one of the best in the real estate business and is now looking forward to hitting the ground running. Please give a big warm welcome to Zahlia.
Ep85. Have Your Home 100% Presentation Ready Before selling | by Brendan Homan PropertiesBe patient when deciding to put your property on the market and make sure you are completely ready to go as buyer inquiries are at their highest in the first week of being advertised.
So many sellers are too eager to get the property sold but are still busy completing the final touches and before you know it the initial buyers have dismissed the property. So make sure the tenant has moved out and the photo's are complete!
Ep84. Recommended Time To Allow For The Building Inspection Clause | by Brendan Homan PropertiesEP84. RECOMMENDED TIME TO ALLOW FOR THE BUILDING INSPECTION CLAUSE ON YOUR HOUSE CONTRACT!
Sometimes purchasers wish to align their building and pest inspection due dates with the finance approval date, which is quite often 3 weeks. The reason for this extended time is so that if their finance is not approved, they can cancel the building inspection and not be out of pocket.
We recommend it's beneficial for the Purchaser having their inspections done as quickly as possible, so that if an issue does come up, they know about it quickly and have plenty of time to be able to deal with it.
It's also beneficial for the Seller in that if the contract falls over, they can quickly place the home back on the market and haven't lost too much marketing momentum due to being 'under contract' for an extended period.
Ep83. Pay Your Mortgage Sooner, Save $100,000 & Reduce Your Stress | by Brendan Homan PropertiesEP83. PAY YOUR MORTGAGE SOONER, SAVE $100,000 & REDUCE YOUR STRESS!
Interest Rates are at an all time low. There is speculation that may even reduce more, however it is certain that at some point they will start to increase.
Watch this short video to learn a strategy where you can pay your mortgage off up to 10 years earlier, save $100,000 and reduce your stress. (*based on the example provided of a $300,000 mortgage)
Ep82. Buying Property With Your Superannuation | by Brendan Homan PropertiesUsing a self-managed super fund (SMSF) to buy property is becoming increasingly popular. There are significant advantages including being taxed at a lower rate and the capital gains tax may be discounted or even tax free if the property is sold while the super fund is in pension phase.
However, taking out a loan to buy property within your SMSF isn’t as simple as getting a normal home loan. Increasingly, Limited Recourse Borrowing Arrangements (LRBA) are set up using a Bare Trust.
Many people buying property for their SMSF often buy first and seek advice later. It's only then they find out creating the right structure and the extra steps required to secure a mortgage can take a lot of extra time. This can quite often make it difficult to secure the property they are wishing to purchase.
Seek early advice from professionals who specialise in SMSF and the whole process will run much smoother for you.
Ep81. Property Rent Increases Have Stalled | by Brendan Homan PropertiesPROPERTY RENT INCREASES HAVE STALLED
Between 2010 & 2015, Toowoomba was considered one of Australia's best areas to purchase an investment property because it offered good solid returns, lower risk and plenty of potential for capital growth due to Billions of dollars of infrastructure being invested in the region. All of those reasons have proven correct.
Currently, some segments (not all) of the Toowoomba rental market are not receiving the traditional $10 or $20p/w annual rent increase investors would normally expect, however, there is a positive flip side to this which Brendan explains in this video.
Ep80. New Export Opportunities Created | by Brendan Homan PropertiesEP80. FIRST PASSENGER FLIGHT TO CHINA CARRYING 200 LOCAL BUSINESSES TO CREATE NEW EXPORT OPPORTUNITIES
The first ever international Passenger flight from Toowoomba's new airport is carrying 200 local business people to China with the intention of creating new export opportunities for our local community. Many businesses traveling on this weeks tour met with carefully matched Chinese exporters building on the incredible opportunity the new airport and weekly freight flight has provided for them.
Trade opportunities now available to exporters in the Toowoomba region are real and genuine, helped in no small way with the announcement that Cathay Pacific will begin new weekly cargo flights in November with a Boeing 747-800 direct to Hong Kong, opening a direct pathway straight to Asia.