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Is It Better To Build Or Buy A Home In 2021?

While purchasing property is often a once in a lifetime purchase, given the world’s current state of affairs – is it better to build or buy a home this year?

While we can now refer to 2020 as many things, “surprising” is a term that springs to mind if referring to the Australian property market. With rising unemployment (or underemployment), a reduction in consumer spending and a shaky economy, it’s understandable as to why buyers may not have the same confidence as they once had. 

However, the good news is that the arrival of Covid-19 has appeared to be more of a temporary pause as opposed to the cataclysmic hit that was initially predicted. Although it’s changing how and where we live, 2020 saw Australians pocket an unprecedented $110 billion in personal savings. Cashed up with pre-approvals and sizable deposits, our real estate market is expected to hit double digits in terms of growth patterns for 2021. If you’re weighing up your options regarding to build or buy a home this year, it’s important to remember that both methods offer significant financial and social benefits – the better fit just usually depends on the individual priorities of the buyer. 


Should You Build A Home This Year?

While whispers circulate that 2021 will indeed be a buyers market, as usual it often boils down to your personal circumstances. Just one factor to think about is if you’re the type to prefer a quicker turnaround when it comes to settlement, or do you have time up your sleeve to oversee a fully personalised construction from the ground up?

With a range of monetary incentives available such as the First Home Owners Grant and the HomeBuilder Grant, more Australians than ever are being encouraged to kick start the economy and build their own home – but is it worth it? If you’re considering building your own home this year, here are the key pro’s and con’s associated with this process. 

One of the biggest benefits associated with building your own home, is that you can customise anything and everything about the property from the ground up to suit your individual tastes. This can include anything and everything from the layout, cabinets and flooring to the sinks, lighting, paint colours and even doorknobs. As it’s going to be a brand new property, you can also expect lower maintenance costs and lower bills thanks to more modern and energy efficient materials being used in the house. 

However, not everybody has the patience for building their own home. Did you know that constructing a brand new home takes seven months on average, and that’s not including any applicable wait times that come with the planning and council approval stages? Let’s not forget that you’ll usually be working directly with a lot of tradesmen, meaning the decision making and associated stress levels fall directly on your shoulders.

Should You Buy A House This Year?

In comparison, other buyers opt for an established home for other reasons. While sometimes it may not be as aesthetically pleasing, these properties offer a much quicker settlement time period, which in turn allows owners to either move in faster or use it as an investment property for renters. If you’re weighing up whether it’s better to build or buy a home, an established property can offer a different path entirely as opposed to starting from scratch. 

Considering the current economic climate, if you have your finance sorted – then the property world really is your oyster. Be flexible on the look, feel and even suburb of an existing property, and you’ll often be able to negotiate on much more than just the price, and could wind up saving thousands if you’re a savvy property hunter. Unless you’re buying a “doer upper”, then chances are that your home will be mostly ready to go. After the settlement and and contracts are signed, done and dusted, the turnaround time between the sale and when you can physically move in is usually pretty quick. 

While purchasing an existing property offers greater flexibility, the major downside is that they can come with bigger bills and surprise maintenance costs – which is the reason why it’s crucial to do the essential checks such as building and pest inspections. Failure to do so could have you stuck with a property that winds up being a burden as opposed to an investment. 

Have You Got A Mortgage Pre-Approval Yet?

Whether you’re looking to build or buy a home, it’s important to have your finance sorted beforehand to avoid unnecessary stress further down the track. Not only do you know your spending limits, but the stress and time that traditionally goes into organising one is already taken care of – and did we mention bargaining power?

If you’re on the hunt for a highly recommended mortgage broker in South East Queensland, or even some friendly and honest advice on where to buy in Brisbane, then it’s time that you met with George Samios and the team at Madd Loans

Since their inception in 2012, the team at Madd have worked tirelessly in providing over 1700 Queenslanders with finance options to help turn their dreams into reality. With the entire brand being built on referrals, George takes great pride in making the mortgage process both fun, educational and stress free – and he has a swag of awards to prove it. 

An independent operator can be your greatest asset when it comes to navigating loan options, as brokers are there to make you happy – not the banks. To speak to a Brisbane based mortgage professional, please get in touch with the team at Madd Loans today to help turn your financial dreams into reality. 

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Best Suburbs In Brisbane For Investors

2020 was rough for the realms of real estate, but things are looking up. If you’re a property investor, where are the best suburbs to buy in Brisbane this year? 

Best-Suburbs-In-Brisbane-For-Investors-

From fires to floods to fevers, the past twelve months have certainly provided one surprise after another for many Queenslanders – including those looking to buy or sell a home during this period. Housing growth has notably slowed down in the big hubs of Sydney and Melbourne thanks to both the global pandemic, overall affordability, tighter lending standards and weak wage growth. The good news? While things simmer down south, Brisbane looks to be picking up the slack. 

The strength of the Sunshine State’s property market has seen a rise in demand for detached homes, especially those in regions that compliment our lifestyle by the beach or easily accessible to the city. The end of 2020 saw a +4.14% growth in Brisbane’s home value index, with capital growth projected to surge as high as 6-10% – so what are the best suburbs Brisbane buyers can invest in to take advantage of this?

Best Suburbs Brisbane Has To Offer In 2021

There are multiple markets in the diverse sprawling city of Brisbane, divided by geographic location, price point and property type. Whether you intend on being within the CBD inner city ring, seeking a treechange or perhaps even by the beach, the good news is that there truly is a suburb that suits everyone in the River City. 

Toowong – With the University of Queensland just a stone’s throw away, Toowong will be home to a revamped $450 million village centre opening by 2023. The median house price in the suburb in 2020 has been $1 million, with a twelve month growth of 12.81%. Not bad at all! 

Camp Hill – Located in Brisbane’s leafy eastern suburbs, Camp Hill is soaring in demand thanks to its position within the catchment zone of some of the city’s most sought after schools. Just six kilometres from the CBD, it’s experienced a 4.1% compounded growth rate in the last five years. 

Manly – While the Redlands area is experiencing a boom as a whole, Manly is perhaps the jewel in the crown. With the largest boat harbour in the southern hemisphere, it’s home to multi million dollar houses and boasts a 14.2% increase in house prices over the past three years. 

Mount Cotton – Previously considered as “too far out of the CBD”, the bigger blocks of Mount Cotton are seeing a surge thanks to it’s flexible location. Positioned right between Brisbane City and the Gold Coast, both are just a 45 minute drive, while still being 10 minutes to the beach. 

Sandgate – Seaside suburbs like Sandgate, Shorncliffe and Redcliffe are booming in popularity thanks to large scale infrastructure additions such as the new train line. Strong growth is also being seen in neighbouring suburbs, Morayfield and Caboolture thanks to an affordable price point. 

Organise Your Pre-Approval To Go House Hunting 

Before you get started with property inspections, one of the best secret weapons that any buyer can have is a home loan pre-approval. Not only do you know your spending limits, but the stress and time that traditionally goes into organising one is already taken care of – and did we mention bargaining power?

If you’re on the hunt for a highly recommended mortgage broker in South East Queensland, or even some friendly and honest advice on where to buy in Brisbane, then it’s time that you met with George Samios and the team at Madd Loans

Since their inception in 2012, the team at Madd have worked tirelessly in providing over 1700 Queenslanders with finance options to help turn their dreams into reality. With the entire brand being built on referrals, George takes great pride in making the mortgage process both fun, educational and stress free – and he has a swag of awards to prove it. 

An independent operator can be your greatest asset when it comes to navigating loan options, as brokers are there to make you happy – not the banks. To speak to a Brisbane based mortgage professional, please get in touch with the team at Madd Loans today to help turn your financial dreams into reality. 

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Buying Property In 2021: Is It A Good Idea?

Depending on your circumstances, the thought of buying property in 2021 will either fill you with excitement or existential dread – so what do you need to know?

Buying-Property-In-2021-Is-It-A-Good-Idea_

While we can now refer to 2020 as many things, “surprising” is a term that springs to mind if referring to the Australian property market. With rising unemployment (or underemployment), a reduction in consumer spending and a shaky economy, it’s understandable as to why buyers may not have the same confidence as they once had. 

However, the arrival of Covid-19 has appeared to be more of a temporary pause as opposed to the cataclysmic hit that was initially predicted. Although it’s changing how and where we live, 2020 saw Australians pocket an unprecedented $110 billion in personal savings. Cashed up with pre-approvals and sizable deposits, our real estate market is expected to hit double digits in terms of growth patterns for 2021. 

Should You Be Buying Property In 2021?

The strength of the Sunshine State’s property market has seen a rise in demand for detached homes, especially those in regions that compliment our lifestyle by the beach or easily accessible to the city. The end of 2020 saw a +4.14% growth in Brisbane’s home value index, with capital growth projected to surge as high as 6-10% – so for Queensland, it hasn’t been all doom and gloom after all. 

While whispers circulate that 2021 will indeed be a buyers market, as usual it often boils down to your personal circumstances. In saying that, are there any generalised factors that may influence your decision to purchase a house – or not – this year?

Lower Borrowing Costs – With interest rates sitting at record lows around the world, it’s worth considering that this won’t last forever. Buyers are being enticed by the big banks to return to the market, so be sure that you shop around with a potential loan package. 

Predicted Housing Shortage – For rentals outside of the CBD in particular, demand has soared, even despite a significantly lower level of migration than usual. With both buyers and renters competing for the same properties within their budget, this is driving up prices. 

Less New Builds – The construction sector is one of Australia’s most dominant industries, but even it hasn’t been immune to the economic fallout that came with the arrival of Covid-19. Even despite government incentives, new residential builds are down 17% when compared to 2019. 

Prices Are Rising – Although house prices were predicted to fall by as much as 20%, the market has proven to be more resilient than experts initially forecasted. As more Aussies start working remotely and appreciate their space, demand is surging for the outer suburbs. 

Investors Are Returning – Along with many other grants, the Federal Government’s HomeBuilder scheme has predominantly attracted property investors in the hopes of kickstarting the construction industry back to where it once was. 

Is Buying Property In 2021 Right For You?

Ignoring all of the variables, there is one crucial factor to consider if you’re thinking about buying any form of property in any form – it’s a long game. 

When you sit down to weigh up the pro’s and con’s of buying property in 2021, think in ten to twenty year allocations – not shorter one to two year terms. Having a long term plan and foresight is important. Will you have the same requirements or needs in a decade, as you do now? While a Brisbane CBD view and close access to the local nightlife scene might be a priority for you at 28, have you considered the schooling options that you may potentially need at 38?

Your individual circumstances will also dictate whether buying property in 2021 is a good idea or not. Is your income steady, reliable and virtually set in stone? Do you have the capacity to do some serious saving for a deposit? What does your ten year plan look like when it comes to your finances? If you don’t have all the answers yet that’s okay, but it might be time that you met George and the team at Madd Loans.

Since their inception in 2012, the team at Madd have worked tirelessly in providing over 1700 Queenslanders with finance options to help turn their dreams into reality. With the entire brand being built on referrals, George takes great pride in making the loan process both fun, educational and stress free – and he has a swag of awards to prove it. 

An independent operator can be your greatest asset when it comes to navigating loan options, as brokers are there to make you happy – not the banks. To speak to a Brisbane based home loan professional that also provides financial planning services, please get in touch with the team at Madd Loans today to help turn your financial dreams into reality.

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Why You Should Use A Car Loan Broker For Your Next Ride

With the rules surrounding vehicle finance getting more complex, did you know that the services of a car loan broker can help to save you both time and money? 

It’s no secret that banking is big business, and if you’re on the hunt for finance to purchase a new car, there are many lending providers to choose from. It’s common for consumers to stick with their usual bank, or to take the “easy” option of dealership finance. However as a buyer, if you’re looking to reduce your stress levels, speed up the process and gain access to the best possible interest rates, then it may be time to consider using a car loan broker instead. 

What Is A Car Loan Broker?

A finance broker that specialises in vehicles essentially acts as a go-between, who deals with lending providers and banks on your behalf in order to arrange finance or a loan for a vehicle on your behalf. Ideally, the loan options they present to you offer the most favourable terms or are the best fit for your individual circumstances. 

Generally speaking, a good car finance broker will understand your end goal, calculate what you can afford to borrow, present loan options that best suit your situation, carefully explain the terms and conditions of each possible loan, and make recommendations for you accordingly. When you’ve made your choice, they also help you to actually apply for a loan and manage the process right through to the final settlement.

What Are The Perks Of Using A Car Loan Broker? 

There’s a common misconception that the services of a broker are exclusive to mortgages and home loans, with many consumers not realising that an appropriately qualified broker also usually covers car and vehicle loans too. 

When you’re a customer in a complex market, the process of obtaining finance for a care loan is more supply driven than demand driven. That is as a buyer, all too often you are forced to deal with what is being offered, rather than putting yourself at the controls of what you need. However, a vehicle finance broker can greatly assist in turning the tables in your favour, so why should you consider using one?

It’s Usually Free – Most forms of finance brokers do not charge to help you find the loan with the most competitive rates and repayments. Instead, the broker is paid directly by the lender you choose, meaning the benefits of using a car loan broker don’t come as an extra charge. 

Compare Your Options – Did you know that there are quite literally thousands of lending providers operating in Australia? Knowing where to start with this is overwhelming, but a car finance broker can cut right through the noise and show you your best loan packages. 

Cut Down On Time – While the prospect of getting a new car is exciting, many people just want the process handled quickly. Unfortunately, this can mean taking “short cuts” and not double checking all options, which is where a car loan broker can greatly help with speeding things up. 

Insider Knowledge – Brokers have qualified knowledge of which lender and their products are best suited to their clients. While their experience is priceless, they also know how to present your financial profile and car finance application to improve your odds for approvals. 

Reduce Stress – Let’s face it – paperwork is stressful – and one small error in completing your own finance application can have you instantly declined. However, a car loan broker essentially handles all of this for you, and communicates exactly what needs to be done and when. 

Can Save You Thousands – The key benefit of using a car loan broker is usually sourcing the best possible interest rate and loan package that best fits your circumstances. Even a savings of 2-3% of a car loan over a five year loan period can reduce your payments significantly. 

Where To Source A Reputable Car Loan Broker

If you’re on the hunt for a highly recommended car loan broker in South East Queensland, then it’s time that you met with George Samios and the team at Madd Loans

Since their inception in 2012, the team at Madd have worked tirelessly in providing over 1700 Queenslanders with finance options to help turn their dreams into reality. With the entire brand being built on referrals, George takes great pride in making the loan process both fun, educational and stress free – and he has a swag of awards to prove it. 

An independent operator can be your greatest asset when it comes to navigating loan options, as brokers are there to make you happy – not the banks. To speak to a Brisbane based car loan professional, please get in touch with the team at Madd Loans today to help turn your financial dreams into reality.