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09 Jun The BID process and what it means to you and I

Posted at 10:00h in Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Real Estate Talk, Research, Shows, Sponsored Channels, Trends, Videos by Kevin Turner 0 Comments

Over 60% of all new home loans in Australia are now facilitated by mortgage brokers. In measures to further strengthen the protection of Australian borrowers, ASIC introduced the new Best Interests Duty or BID process on 1st January this year. So what is BID...

08 Jun Get used to buying at auction

With between 2,000 and 3,000 properties being auctioned nationally every week, clearance rates hover between 70% and 80%. It is likely your next purchase might be under auction conditions. Given the strong ongoing interest in auctions, it's worth revisiting key aspects of auctions for buyers....

07 Jun Melbourne lockdown impacts auction volumes

Posted at 16:25h in Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Real Estate Talk, Research, Shows, Sponsored Channels, Trends, Videos by Kevin Turner 0 Comments

This week, 2,691 homes were taken to auction across the combined capital cities, revising down from the 3,101 auctions predicted earlier in the week. The downwards revision is largely due to the extension of Melbourne’s lockdown. In comparison, the previous week saw 2,905 homes taken...

07 Jun Who needs to be impressed?

Posted at 10:44h in Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Real Estate Talk, Research, Shows, Sponsored Channels, Trends, Videos by Kevin Turner 0 Comments

Your team of independent professionals should ideally include an accountant, mortgage broker, buyers agent, valuer, quantity surveyor, and property manager. Who on that list do you most need to impress? The answer may surprise you....

05 Jun Beware of the banks ‘golden handcuffs’ + Who needs to be impressed.

Posted at 09:00h in Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Real Estate Talk, Research, Shows, Sponsored Channels, Trends, Videos by Kevin Turner 0 Comments

When auction clearance rates consistently remain near 80% it means there are more buyers than sellers in the market and this eventually leads to higher property prices, and that’s clearly what’s happening. With an excess of 2,000 properties being auctioned every week and given the...

02 Jun How not to pay too much in a ‘frenzy’

Australian house prices have risen almost 9% in the first four months of 2021, following a further rise of 2% in April, according to Core Logic figures. This has made way for a ‘feeding frenzy’ amongst buyers increasing the fear of missing out (FOMO). Peter tells Bushy...

01 Jun New build valuation challenges

Posted at 10:49h in Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Real Estate Talk, Research, Shows, Sponsored Channels, Trends, Videos by Kevin Turner 0 Comments

In recent times we have seen a raft of government stimulus packages like HomeBuilder increasing demand for new build homes which is pushing up prices. If you’re borrowing money from the banks to fund the build, quite often what you have paid is more than...

31 May Melbourne lockdown impacts auctions

Posted at 16:04h in Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Real Estate Talk, Research, Shows, Sponsored Channels, Trends, Videos by Kevin Turner 0 Comments

This week was set to be the second biggest auction week so far this year however with the announcement of another lockdown in Victoria on Thursday, volumes dropped slightly. There were 2,930 homes taken to auction over the week which is currently the third-highest number...

31 May Property development in your SMSF

Posted at 10:29h in Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Real Estate Talk, Research, Shows, Sponsored Channels, Trends, Videos by Kevin Turner 0 Comments

For many years there has been a perception that an SMSF can’t build or develop a property, but is this really the case, and if you can, how do you do it? Leading SMSF specialist Darren Kingdon joins Bushy to discuss cleanskin property and lending...