Finance

What Is A Finance Broker?

by newsteadrealty

Let’s play a game…

Imagine for a minute you’re looking to make your dream purchase. It can be a luxury car, epic overseas holiday or spacious property.

You’ve saved some money but are looking for a line of credit in order to get the total amount required to bring your dream to fruition.

So what do you do?

Most people would stroll down to their local bank, where they’ve probably held a long-term account and have never explored other options, and get the first loan offered to them.

Yet if you think about your day-to-day purchases such as groceries, clothes, food or fuel, everyone finds the best deals before buying anything.

Which begs the question, if we’re happy to be tight with these items, why don’t more people get finance brokers to help them get the best deals with items of consequence like loans?

Unfortunately, you’d be surprised how often I come across people who have absolutely no idea what a finance broker is, yet alone how they can be of huge assistance to them.

Put simply, a finance broker is someone who negotiates with banks and other credit providers on the behalf of a client.

In other words, they’re a financial concierge whose job it is to consult, research and evaluate what the best offer and solution is for your personal requirements.

So what are the benefits of using a finance broker?

Well, a good one will get to know the client on a personal basis and will understand their unique circumstances, conditions and goals they wish to achieve.

In doing so, they’ll source products and come up with strategies that best match the needs of clients having scoured hundreds of products from multiple lenders.

Also, with banks regularly changing staff, established relationships can be broken without notice. With a finance broker, there’s comfort in knowing they won’t disappear overnight.

Now that you know what a finance broker is, the next time you require a loan, do yourself a favour and enlist their services.

Trust me, you’ll thank me later!

Lifestyle

Entrepreneur Vs. Employee – An Insightful Breakdown

by newsteadrealty

I kid you not, if I got a dollar for every time I heard someone say they were going to start their own business, I’d be a very wealthy woman. As a society we’ve fallen in love with the concept of being an entrepreneur. Literally, it’s become a buzzword all over the world. The dictionary definition of the term “entrepreneur” is a “person who sets up a business, taking on financial risks in the hope of profit”. Having once been employed and since then owned several businesses, the difference between the two shouldn’t be underestimated.

When you’re running the show, you’ve got to worry about legalities, paying wages, super, taxes and managing cash flow, all on top of actually sourcing business that makes profit. The fact of the matter is if you’re building a company and aren’t a sole trader, employees are relying on you to provide their income so you have the obligation to do just that. On the flip side as an employee, you’re relatively safe in the security of knowing that unless something drastic happens, you’ll be paid provided you complete the required work. For people who think of their job solely as a way to make money, one perk of working for someone else is that you can switch off the minute you leave the office. Contrastingly, as a business owner, work hours are 24/7. You’ll often find yourself handling business in the middle of the night like it’s normal behaviour. And because of the all-encompassing nature of running a business, there will be lonely moments when the stress of it all can become too much.

During these times the only thing that keeps entrepreneurs going is a passion for their work, so make sure you love what you do! Then there’s the change in the definition of holidays. As an employee on vacation, your biggest concern is how many cocktails you’ll be able to indulge in by the pool. When you’re an entrepreneur on holidays, in between moments of slight relaxation, you’ll still be checking emails, taking calls and doing deals albeit from a remote location. Now that you know some of the differences between running a business and being an employee, do you still think you have what it takes to be an entrepreneur? Or have I given you a newfound appreciation and respect for your boss?

Property

Melbournians flock to Geelong to buy property

by newsteadrealty

Rising Melbourne property prices have forced Gen Y investors to turn their back on the capital city in favour of the more affordable Geelong.

Realestate.com.au recently released data which revealed that four Geelong suburbs placed in the state’s top 10 most in-demand areas.

Economist Nerida Conisbee said that due to Melbourne’s median price of $730,000 and Geelong’s transport and jobs, the port city’s popularity would continue to soar.

She also added that Gen Y buyers were increasingly looking towards older homes in Geelong with potential for renovation.

“Anything located on the train line [from Geelong] to Melbourne seems to be incredibly popular,” she told www.news.com.au.

“You can get housing like that in Geelong, lots of period homes and older style homes that younger people quite like the opportunity to do up.”

Gen Y’s leading Australian property expert Ayda Shabanz said that as property prices across the country continued to rise, alternative investment locations would grow in desirability.

“Generally speaking, people have a misconception that Gen Y are uninterested in entering the property market but the reality is that couldn’t be further from the truth,” she said.

“A lot of them want to buy property but they have been priced out of entering the market in main areas, which is forcing them towards alternative locations.

“In future I predict first home buyers will continue to look at investment options that they can afford – whether that’s further out or other cities – and rent where they want to live.”

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday May 15th 2018 at CUB Club in Melbourne, Victoria. Visit www.growevents.com.au to secure your seat at the FREE event.

Location

Where In Australia Should You Buy Property According To Data?

by newsteadrealty

Australian property experts have tipped Brisbane to be the country’s only prosperous market over the next 12 months.

Renowned property market analysers CoreLogic released data in early April that showed property prices in Sydney and Melbourne were down by 1.9% and 0.5% respectively.

Contrastingly, Brisbane’s market is surging with the same report revealing that property in Queensland’s capital has risen 1.1% in value over the past 12 months.

Speaking exclusively to News Corp Australia, AMP Capital Chief Economist Dr. Shane Oliver said property prices outside of Brisbane would fall further in years to come.

“Home prices in Perth and Darwin are either at or close to the bottom [and] price growth is likely to be moderate in Adelaide and Canberra,” he said.

“But it may pick up a bit in Brisbane thanks to stronger population growth.”

Dr. Oliver also said that claims that Australia was on the verge of a housing crash that would result in property prices decreasing by up to 20% were false.

He argued that property supply in Australia had not kept up with population growth and housing demand, a factor which continued to make cities like Brisbane an attraction location.

“A crash remains unlikely,” Dr. Oliver predicted.

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday May 15th 2018 at CUB Club in Melbourne, Victoria. Visit www.growevents.com.au to secure your seat at the FREE event.

Property

First Home Buyers Rapidly Entering The Qld Property Market

by newsteadrealty

Queensland’s first homebuyer numbers have surged 18.5% in comparison to last year, according to the latest PRDnationwide key market indicators report.

Dr Diaswati Mardiasmo, PRDnationwide’s National Research Manager, said 6271 loans were given to first home buyers in Queensland during the September quarter.

“18.5 per cent is quite significant (growth),” she said. “It is not the highest percentage growth across the states but for Queensland it is quite good.”

Whilst Queensland’s property market has become more affordable in the past year, Dr Mardiasmo said other factors were also attracting more first home buyers.

One of which was developers offering incentives which make entering the property market a more enticing proposition.

“I have seen developers where they will match the first home buyers grant accordingly,” Dr Mardiasmo told The Courier-Mail.

“Developers themselves are attracting first homebuyer loans using these methods and because of that it is stimulating first home buyers to actually get into the market.”

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday March 20th 2018 at the Queens Arms Hotel in Brisbane, Queensland. Visit www.growevents.com.au to secure your seat at the FREE event.

Property

Brisbane’s Property Prices Expected To Experience Huge Growth

by newsteadrealty

Property prices in Brisbane are expected to rise by up to 20 percent in coming years as buyers from Sydney and Melbourne enter the local market, a prominent real estate figure said.

Speaking to The Courier Mail, John McGrath said Brisbane’s just over halfway in its property cycle meaning local investors stand to benefit from the slowdown affecting southern states.

“There have been huge capital gains in Sydney and Melbourne and not only has it made it unaffordable, it’s certainly made people look for better value elsewhere in Australia,” he said.

Research stated that Brisbane’s average property price was in some cases half of what Sydneysiders and Melbournians are paying, which demonstrates great affordability.

A city on the rise, world-class developments en route to Brisbane in forthcoming years include Queen’s Wharf, Brisbane Live and Brisbane Metro.

Mr McGrath said notable upcoming developments and the fact southerners were being priced out of their local markets would be driving forces behind Brisbane’s predicted growth.

“There’s no doubt in my mind there will continue to be growth in south-east Queensland,” he said.

Ayda Shabanz is hosting The Road to Property Ownership workshop on Tuesday November 14th 2017 at the CUB Club in Sydney, New South Wales. Visit www.growevents.com.au to secure your seat at the FREE event.

Property

Why Are Interstate Buyers Eyeing Off Brisbane Property?

by newsteadrealty

As the price of property in Sydney and Melbourne continues to rise in price, savvy investors from these cities are making inroads into the Brisbane market.

Beautiful one day and perfect the next, Brisbane has emerged as a leading location for investors looking for affordable property close to the CBD.

Co-Founder and Director of Grow Property Group, Ayda Shabanz, said there were several reasons why Brisbane was attracting interstate investment.

“The climate is wonderful and there’s a tremendous focus on living an active outdoor lifestyle in Brisbane so this has resulted in many people wanting real estate up north,” she said.

“The defining factor is that property in Brisbane is generally cheaper and providing higher yields than other capital cities across Australia, which means there’s still bang for buck.”

One popular strategy being utilised by first-home buyers based outside of Brisbane is to buy an inner-city property as an investment in Queensland’s capital and hold onto it long-term.

“When interstate buyers do this they have an option to use equity in their Brisbane property down the track to help them buy a home where they want to live,” she said.

For these reasons Ayda Shabanz said that she anticipated more interstate buyers would look towards investing in Brisbane over forthcoming years.

“There have been major infrastructure advancements in Brisbane and when you couple that with really high yields in property it will continue to be an attractive proposition,” she said.

Ayda Shabanz is hosting The Road to Property Ownership workshop on Tuesday February 20th 2018 at WeWork – Pyrmont in Sydney, New South Wales. Visit www.growevents.com.au to secure your seat at the FREE event.

Market

Brisbane Tipped To Become Australia’s Top Property Market

by newsteadrealty

A renowned Australian property expert has predicted that Brisbane will soon emerge as the best performing capital city for housing in the country.

CoreLogic’s Tim Lawless said that a key factor behind his property forecast was the fact that people are migrating to Brisbane more than anywhere else Down Under.

“Higher migration rates implies more demand for housing, which should help to support an improvement in capital gains,” he told The Courier-Mail.

Mr. Lawless said the timeframe in which Brisbane would become the nation’s leading property market was within the next five years.

He also stated that factors such as enhanced affordability and increasing job prospects in the Sunshine State would help to propel Brisbane’s property market.

“Jobs are an essential component of a healthy housing market and a strong labour force has been a key missing ingredient from the Brisbane housing market up until recently,” he said.

“The improved jobs sector, together with high rates of migration and an affordable mix of housing is a solid recipe for stronger housing market conditions.”

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday March 20th 2018 at the Queens Arms Hotel in Brisbane, Queensland. Visit www.growevents.com.au to secure your seat at the FREE event.

Investment

Southern Property Investors Encouraged To Buy Elsewhere

by newsteadrealty

An Australian property expert has urged investors from Sydney and Melbourne to look towards buying property outside of their residential city in the current market.

Simon Pressley, head of property market research at Propertyology, said savvy buyers from Sydney and Melbourne shouldn’t be afraid of investing interstate.

“There’s been speculation and debate about peaks and bubbles but it’s generally accepted that the boom in Sydney and Melbourne is over,” he told Your Property Investment Magazine.

“Look seriously at investing in other locations – it’s really a case of diversify or die wondering.”

With property prices in Sydney and Melbourne widely regarded as expensive, Mr. Pressley stressed that wasn’t the case nationwide.

Recent statistics showed that property in cities such as Brisbane and Hobart, where prices are more affordable, are continuing to experience solid growth.

“The greatest danger in the cooling of Sydney and Melbourne markets is that investors assume that our whole nation is off the boil,” he said.

“Outside of Sydney and Melbourne, growth cycles lie ahead. You can buy investment property with better growth potential and higher rental yields.”

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday February 20th2018 at WeWork Pyrmont in Sydney, New South Wales. Visit www.growevents.com.au to secure your seat at the FREE event.

Investment

Sydneysiders Eye Brisbane For Property Investment

by newsteadrealty

A renowned Australian property expert has predicted that Brisbane will soon emerge as the best performing capital city for housing in the country.

CoreLogic’s Tim Lawless said that a key factor behind his property forecast was the fact that people are migrating to Brisbane more than anywhere else Down Under.

“Higher migration rates implies more demand for housing, which should help to support an improvement in capital gains,” he told The Courier-Mail.

Mr. Lawless said the timeframe in which Brisbane would become the nation’s leading property market was within the next five years.

He also stated that factors such as enhanced affordability and increasing job prospects in the Sunshine State would help to propel Brisbane’s property market.

“Jobs are an essential component of a healthy housing market and a strong labour force has been a key missing ingredient from the Brisbane housing market up until recently,” he said.

“The improved jobs sector, together with high rates of migration and an affordable mix of housing is a solid recipe for stronger housing market conditions.”

Ayda Shabanz hosts The Road to Property Ownership workshop on Tuesday March 20th 2018 at the Queens Arms Hotel in Brisbane, Queensland. Visit www.growevents.com.au to secure your seat at the FREE event.