1. What do you want to achieve?

Understanding your objectives is key to finding the right investment property and the best investment home loan. The actual property itself is never the end goal when it comes to investment – it’s the financial element that you’re really concerned about.

First and foremost, decide what your end goal is and then create a plan to get there within a realistic time frame. Remember to review this plan regularly as your situation and the property market changes.

2. What type of property should you purchase?

Understanding what property is going to best work for your situation is key. It needs to be a property that will be in hot demand from renters and possible owner-occupiers down the track. It’s best to do your research to see what types of properties are renting quickly and what properties are staying on the market for longer periods of time.

3. Old or new?

It’s the age-old debate: should you buy a renovator’s delight, or something you can rent straight away? It’s great if it can be rented out as is, but potential to renovate should also be considered. The ability to add value to the property is a good tick, as it will increase rental returns. Don’t immediately write off a property just because it needs a paint job or the kitchen cabinets need to be replaced.

4. Location, location, location

Location is critical to performance. Things to consider when it comes to location include:

5. What can you actually afford?

Always check your financials before deciding to purchase a property. Get pre-approval and make sure you have all extra costs available, including conveyancing, inspections and any taxes – and always ensure you have a financial buffer.

6. How to set up the purchase

When it comes to investing, it’s important to understand how to set up the purchase so it benefits you most. The entity should protect any existing assets and be tax effective. You can purchase in your name, through your super or through a trust, but always understand how the purchase will affect you and your family.  Expert advice will assist in maximising your benefit .

7. Features

You want to appeal to the highest number of tenants, so look for properties that offer that little something extra, like a second bathroom or a lock-up garage.

Also look at properties that appeal to many segments. For example, a lift may appeal to both retirees and a young family, as both will be looking to avoid stairs.  Just make sure the  benefits outweigh any extra costs.

8. Check your emotions at the door

This is not a home for you so there doesn’t need to be an emotional connection to it. It should always be about which property will give you the best return, not which one is most suited to your furniture.

9. Timing is key

You need to understand the market and the dynamics. While there are investment opportunities around most of the time, some market conditions are more favourable. If you don’t fully understand it all, ask for help.

10. Ask for expert advice

As your Broker, we can put you in touch with the experts you need to talk to when it comes to real estate and investment. This means accountants, real estate agents, lawyers and valuers. These people are in the industry and they’ll be able to guide you in your decision making.

If you have any questions or would like to discuss further, please do not hesitate to contact Lending Specialist Melbourne on (03) 8805-1800 or email barry@lendingspecialists.com.au.

The year started with some turbulent economic activity in the local and international spheres, including a falling Australian dollar, local share market falls and the slowing of the Chinese economy. We run through the economic situation of early 2016.

The first 16 trading days of the year until 26 January saw the All Ordinaries Index fall by 5.4%, concerning both investors and consumers. This reflects some of the issues in the commodities market, where export prices for iron ore, coal, wheat and oil have continued to slump. Commodities account for over 50% of the country’s foreign earnings, compounding the impact on the share market and our foreign balance of trade.

On the positive side, consumers are enjoying lower petrol costs, but for those who rely on their superannuation this year looks less rosy. The drop in the share market will contribute to declining growth rates in superannuation funds, a trend that has been ongoing for the past three years, and one that is likely to be seen for the remainder of the year.

Exports will find some relief in the lower Australian dollar, which has devalued against the US dollar by over 2.8% during the month of January. This is also good news for education and tourism, as more foreign students and visitors flock to Australia. Those planning overseas travel will feel an extra pinch in their hip pocket.

One of the key issues believed to be triggering many of these macro-economic issues is a slowdown in the Chinese market, with manufacturing and consumption both down in the world’s second-largest economy. China is a key trading partner for Australia and a reduction in consumption there is having a direct impact on our exports. But the weakening in its market isn’t just being felt at home. The International Monetary Fund has indicated that China is to blame for its reduction in global growth forecasts. Things may also get worse before they get better, due to uncertainty about whether the Chinese government is masking the true economic situation in the country.

Despite low growth, the employment outlook is still positive, with the unemployment rate at the end of December remaining low at 5.8%. Forecasts expect it to remain relatively constant for the next quarter. Low growth tends to go hand in hand with low interest rates, which is good news for home owners. Combined, this offers a silver lining to the economic clouds that shadow 2016.

If you need advice for a personal loanhome loan, business or commercial loan, self-managed super fund loan, or an investment home loan, speak to a broker at Lending Specialists. We have a wealth of experience under our belt and a robust network to connect you to the right industry professional for the loan you need.

As your company and business grows and develops, the need for new equipment can be an important consideration. You may also find expenses over and above your normal business operational costs and increased business development costs. Costs of purchasing or replacing equipment and associated expenses can often be covered by Equipment Loans Melbourne and Lending Specialists has access to industry experts who provide these types of finance.

Here’s what you need to Know about Equipment Loans Melbourne

An Equipment Loan is a loan agreement where you can borrow funds to purchase equipment for your office or business. In many cases, equipment loans are easier than other forms of financing because the asset to be acquired is the collateral. Equipment Loans also have the benefit of having low obsolescence for most equipment. Equipment loans can also be more suitable for the long term compared to an equipment lease because after making the down payment, you will gain the ownership of the assets purchased and you may have the future flexibility to utilize received equity to leverage capital when necessary.

Equipment Loans can vary depending on the terms of the borrowing amount and can also include financing of business vehicles, computers and technological equipment, tools, furniture and lighting fixtures. Your loan amounts will depend on the cost of the equipment purchased and on the firm’s historical and projected revenues and cash flow.

If you are confused about the difference between Equipment Loans and Equipment Leases, here they are:

Equipment Lease

Equipment Loans Melbourne

Payment Terms

Leases involve the payment of rent over a set period of time.

The Borrower repays an advance of funds with interest over a specific period of time.

Down Payment Requirements

Lease finances a hundred percent of the value of the equipment expected to be used during the lease term.

Equipment Loans usually require a down-payment and finances the remaining cost of the equipment.

Collateral Requirements

Leased equipment usually reserves as the collateral needed to secure the transaction.

Depending on the worth of the credit of the customer, an Equipment Loan may require the customer to pledge fixed assets for collateral.

Terms of Ownership of Equipment

The customer has a right to purchase the equipment at the end of the lease or during the lease term, but the lease provider holds the legal title.

The borrower will have the ability to hold the legal title to the equipment.

Lending Specialists offers many different kinds of loans including Home Loans, Investment Home Loans, Commercial Loans, Business Loans, Self-Managed Superannuation Fund Loans and Vehicle and Equipment Loans Melbourne .

If you have any questions or would like to discuss further about the equipment loans Melbourne,
please do not hesitate to contact Lending Specialist Melbourne on (03)8805-1800 or email barry@lendingspecialists.com.au.

If you are looking around for the perfect loan that will suit your needs, a Mortgage Broker can help to reduce the time and stress of your search for a lender. Have you ever wondered what exactly the job of the Best Mortgage Broker in Melbourne is?

Lending Specialists is a Wantirna, Victorian based Mortgage Broking Company and covers Melbourne Metropolitan and surrounding areas. We are very experienced and not only help our clients with loans, but also educate them about everything they need to know when applying for a loan. Below are some of the Duties of a Mortgage Broker.

Here are the Duties of the Best Mortgage Broker in Melbourne :

We Evaluate your Needs

We Calculate Borrowing Power

Compare your Options

Give Expert Advice

Do all the Legwork

Why Choose Lending Specialists?

If you have any questions or would like to discuss further, please do not hesitate to contact Lending Specialist | the Best Mortgage Broker in Melbourne on (03)8805-1800 or email barry@lendingspecialists.com.au .