November 21, 2013
Last week our office attended the Mortgage Choice State Conference and Christmas Party.
One of the big discussion points was the opportunity for all West Australians over the next twelve months. With historically low interest rates, a very tight rental market and some of the best property growth in the country, the best time to do something may be now.
We have seen in recent weeks a huge increase in upgraders with existing clients looking at getting into that new place before Christmas and a lot of those investors who have been sitting on the fence for the last two years now making the plunge and grabbing a bargain.
Another talking point was the Self Managed Super Fund space(SMSF) and the recent media coverage on Property Experts recommending these types of funds without clients getting the right advice. This industry is growing at a great pace but the first thing you need to do is get some professional advice before you even look at property, or for that matter, look at setting up the fund in the first place.
You need to speak with an experienced and qualified Financial Advisor to make sure a SMSF is right for you and then, if you have been advised to proceed, speak with an experienced mortgage broker to make sure your sums add up. Looking at property is the last thing you do once everything else has been ticked off.
For any advice on the above topics or any other query you may have just click on the ‘Contact Us’ tab at the top of this page.
( Photo - Tyson & Evette Lewis with Mortgage Choice CEO Michael Russel)