How to increase your borrowing power
Interest rates are current sitting at record lows, making it a great time to look at breaking into the property market or buying an investment property. If you’re dream home is slightly out of financial reach though, there are some things you can do to help boost your borrowing power. Start saving – Ok, so our first tip is fairly obvious but the most sure-fire way to increase you borrowing capacity is to have a big lump sum of money saved away in the bank. Save as much as you can to not only increase your equity and the amount you have...
read moreWhat is pre-approval and why should you get it?
If you’re looking to buy a new home this year then one of your first steps is to get your finances in order. A lot of homebuyers get pre-approval before they make an offer on a property so that they know how much money they can offer. For those who haven’t heard of pre-approval before, it is when a lender provides you with a set loan amount for a property that is subject to certain conditions such as valuation and building/pest inspections. Pre-approval can help take the stress out of property negotiations as it gives prospective buyers a...
read moreIs property on your New Year’s resolution list?
In 2015 a lot of people living in Padstow to Picnic Point will have a property goal that they want to tick off – so what is yours? Do you want to buy a first home? If buying a home is on your list of resolutions then the most important first step is to save! Sit down and take an honest look at your spending and find things to cut back on – could you spend less on food or shop at cheaper places? Cutting out a few luxuries might help you reach your financial goals sooner so that you can afford a home loan deposit. Do you want to buy an...
read moreHow you can keep your Padstow to Picnic Point home cool this summer
We’ve been experiencing some sweltering hot days in the Padstow to Picnic Point area lately and we’ve noticed that a lot of locals have been heading to the beach or the air-conditioned sanctuary of shopping centres to try and escape the heat. But if you have found that your house is too hot in summer, then it could be time to invest in some home cooling options to make your home more pleasant on those warm summer days. Air-conditioning is the obvious choice when it comes to keeping your home cool, and on an extremely hot day it’s...
read moreHelp Chambers Fleming Professionals Real Estate raise funds for breast cancer research
October is a very important month for Chambers Fleming Professionals Real Estate, Padstow because it is a time when we ramp up our fundraising efforts to help raise more funds for our Diamond Partners, the National Breast Cancer Foundation (NBCF). A portion of every property sold by a Professionals Real Estate agent goes towards the NBCF, and as a group we are extremely proud to have raised more than $2.4 million for the charity so far. The NBCF uses these funds to undertake important research which helps lead to a greater understanding of...
read moreNSW First Home Owners Grant Threshold Increased
First-time buyers in NSW can now purchase new properties worth up to $750,000 to qualify for the $15,000 first home owners grant. The changes came into effect on July 1 2014, raising the previous threshold of $650,000, which had been in effect since 2012. For those who live in the centre of Sydney this amount may not seem like much, with the median Sydney house price recently hitting an all-time high of $811,000. In the Bankstown/Canterbury area however, where the median property price is $720,000, a lot more homes will now be able to...
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