Thursday 24 November 2016

Home & investment loans at 85% LVR | No LMI | No BAS | Self-employed | ABN holders

The post Home & investment loans at 85% LVR | No LMI | No BAS | Self-employed | ABN holders appeared first on Oak Laurel.
Home loans and investment loans at 85% Loan to Value Ratio (LVR) | No Lenders Mortgage Insurance (LMI) | No Business Activity Statement (BAS) | Self-employed | Australian Business Number (ABN) holders
Oak Laurel mortgage brokers have a great solution for people who are either Self-employed or ABN holders who cannot provide the full documentation to demonstrate their current income.
Features:
100% offset account available
Categories 1-4 acceptable postcode
Unlimited Cash out up to 80% including business use
Fees can be capitalised for loans up to 85% LVR
Unlimited debt consolidation including paying out ATO debt
Purchase and/or refinance of owner occupied and/or investment property loans
Minor defaults considered (Bad credit)
Australian Business Numer (ABN) registered for at least 12 months
Goods and Services Tax (GST) registered for at least 6 months
Declaration of financial position plus one of the following
– 6 months Business Activity Statement (BAS)
– 6 months Business Bank Statement (BBS)
– Accountants declaration

Contact Oak Laurel to find out more!

Low doc home loans

As a self employed person, where you are unable to qualify for a full doc home loan or your income documentation does not reflect your income it may be better to apply for a low doc home loan. Find out more about low doc home loans here:

Low doc business loans

As business owner or self employed person it can sometimes be difficult get the required documentation to prove your business income? Find out about low doc business loans for when you don't have the required income documentation for a full doc business loan.

Fast business loans

Get access to funds for commercial or business purposes quickly!
Fast business loans
Contact us:

+614 30129662

Oak Laurel – loans made easy!
Oak Laurel Mortgage Broker
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Tuesday 13 September 2016

Fast equity release for commercial purposes

The post Fast equity release for commercial purposes appeared first on Oak Laurel.

Fast equity release for commercial / business purposes

Do you need fast equity release for commercial / business purposes?
Oak laurel can assist you with same day equity release. Options include:
  • fast access (can be the same day) to a commercial line of credit against equity in property.
  • draw down and up as needed
  • interest capitalised on a short term basis
  • no fixed terms
  • no early repayment fees
  • daily interest calculation
We have options that are available for non-residents.
Access capital from your assets TODAY!
You can access funds quickly against the equity in their your assets with a loan that is like a line of Credit or Business Overdraft facility with without a fixed terms.

A fast equity release line of credit can be useful for:
  • funding a business opportunity that requires immediate funding; or
  • bridging finance where the traditional bank and non-bank lenders have said ‘no’ or take their time in getting back to you.
We have lenders that can lend on the valuation amount of property instead of the purchase price! This is particularly useful for property developers that have purchased land that has increased in value due to a development approval or if a property have been purchased at below market value.
Other issues that can require a quick equity release loan:
• General Business purposes
• Bridging finance for property purchase
• Cash Flow
• ATO Debts
• Commercial Notices to Complete
• Business Pre-Insolvency
• Wind up notices & liquidation
Generally interest rates start at 1% per calendar month but can be more expensive depending on the lender.
The maximum loan size is dependent on the value of your security.
A wide range of property can be used as security including:
Different lenders will take different types of security over the property including:
  • 1st mortgage
  • 2nd Mortgage
  • registered caveat
Contact Oak Laurel to find out more!

Quick business loans

Get access to funds for commercial or business purposes fast!



Contact us:

+614 30129662

Oak Laurel – loans made easy!
Oak Laurel Mortgage Broker
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Saturday 27 August 2016

Debt consolidation loans | Compare options to consolidate your debts

Debt consolidation loans | Compare options to consolidate your debts

Consolidating your debts? We can help you compare debt consolidation loans!

Debt consolidation loans | Compare options to consolidate your debts

By refinancing your home loan to consolidate debts with Oak Laurel you could:

Consolidate credit card debt and personal loans
Refinance to a better home loan with a lower interest rate and useful features
Get cash out to renovate your home or invest in another property etc...

The idea of debt consolidation is simple. It means bringing all of your personal debts together or consolidating your debts. Having multiple debts, particularly if they have high interest rates can be stressful. If you have equity in your home you may be able to refinance and consolidate all your debts into one payment at home loan rates.

With a debt consolidation loan, our customers can enjoy flexible payment options, simplified organisation and management of finances, and a personal peace of mind. Whether you are looking to consolidate credit cards, another personal loan, other debts or a combination.

Contact Oak Laurel about a debt consolidation loan.

An Oak Laurel mortgage broker will go through your situation with you to ascertain the best way forward.

Call us:

+61 430 129 662

OAK LAUREL

Oak Laurel Mortgage Broker

Benefit from our experience

Enquire about a your debt consolidation loan options!

Consolidate Your Debt

Many people are unaware that they can consolidate their debts. You can consolidate your debts when you refinance your home loan? Chances are that you will get a better rate on your home loan too! By consolidating your debts you may be able to reduce your overall interest rate reduce your total debt payments. This could free up your cash to pay down your loans or spend on other things, like a holiday.

At Oak Laurel, we can help you to find debt consolidation and home loan refinance options to meet your needs. We can go through your current commitments and provide you with recommendations about consolidating your debts.

Benefits of Refinancing Your Home Loan

There can be many benefits from refinancing your home loan. Not only could you consolidate high interest debts to lower home loan rates, you could also get a lower home loan interest rate than you are currently paying.

One of the best benefits of consolidating higher cost debts into your home loan is that you will have lower repayments.

Typically, home loan interest rates are much lower than the types of interest rates you’re charged on personal loans or credit cards. So by combining these debts into your mortgage, you will be able to reduce the amount you have to repay each month and you only have one payment to make instead of several.

Bad credit debt consolidation loan

A bad credit debt consolidation loan can be an option for people that are struggling to meet their high interest debts (such as credit card debty or personal loan debt) and may have missed a few payments but own a home. In this can Oak Laurel mortgage brokers may be able to refinance your high interest loans into your lower interest home loan despite having some credit file issues.

Important information before consolidating your debts

While consolidating debts can have enormous benefits when done correctly, if done poorly can end up costing you more.

There can be fees and charges associated with with refinancing the debts that you want to consolidate.  For example if you have a car loan or personal loan there may be early repayment fees.

Some things to consider when you are consolidating and refinancing debts

The type of home loan that you have fixed vs variable interest rate
Fees and charges of your loans

Do you have equity in your home?

Are you ahead on your payments?

Do you like your existing lender?

Consolidating debt is often an easy way to reduce your monthly payments. Consolidate your debt into your home loan by refinancing and you could save yourself hundreds of dollars per month.

Get Approved Today

If you own property; are struggling with multiple debts and want to discover your debt consolidation loan options then give us a call.

Oak Laurel Mortgage Brokers –  Debt consolidation loans made easy!

Oak Laurel Mortgage Brokers

Sunday 21 August 2016

Why use a quick business loan?

The post Why use a quick business loan? appeared first on Oak Laurel.

Why are quick business loans used by some Australian business?

There are many reasons to use a quick business loan. The only real limit is having a registered business (ABN) and your opportunities or imagination. Business opportunities can occur when you least expect them, these are the opportunities that it is difficult to plan for. If you don’t have cash on hand or access to a quick business loan then these business opportunities can pass you by.  However, Oak Laurel can assist you to get a business loan quickly so that you CAN take advantage of that opportunity before it disappears.
The banks and non-bank lenders are often too slow in assessing your application and releasing the funds for them to enable to you to take advantage of time sensitive business opportunities. This is where Oak Laurel can help. We have access to a range of lenders that can assist you quickly.
Our lender’s loan facilities can be used to assist clients in:
  • taking up a commercial opportunity that requires immediate funding; or
  • providing a bridging facility where traditional bank and non-bank lenders say ‘no’.
Our lenders can lend on the valuation figure of property instead of the purchase price! For example if you are a property developer and you have purchases land that has increased in value due to the issue of a development approval.
Other issues that can require a quick business loan:
• ATO Debts
• Commercial Notices to Complete
• Business Pre Insolvency
• Wind up notices & liquidation
• General Business purposes
• Cash Flow
• Bridging finance for property purchase
Interest rates vary between lenders but generally start at 1% per month but can be more expensive.
The maximum loan size is dependent on the value of your security. Generally, the maximum is $20 million but can be more on a case by case basis.
A wide range of property can be used as security including:
  • Commercial real estate
  • Residential real estate
  • Rural property
  • Equipment
  • Invoices / debtor credit
  • Specialised Security
  • Rent Roll
  • Variety of cross collateralised security options
Different lenders will take different security over the property including
  • 1st mortgage
  • 2nd Mortgage
  • registered caveat
Contact Oak Laurel to find out more!

Quick business loan

Find out more about quick business loan options that we can assist you with!

Commercial construction finance

Need to finance your property development?

Contact us:

+614 30129662

Oak Laurel – loans made easy!
Oak Laurel Mortgage Broker
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The population of Melbourne in 2016

The post The population of Melbourne in 2016 appeared first on Oak Laurel.

Melbourne population in 2016

Population of Melbourne in 2016. According to the Australian Bureau of Statistics (ABS), the population of Greater Melbourne, reached a population of 4.5 million in 2015. Melbourne had both the largest and fastest population increase of all Australian capital cities in 2014-15, according to data released today by the Australian Bureau of Statistics (ABS).
Melbourne’s population increased by 91,600 in 2014-15, an average of 1,760 people / week.  The growth rate of Melbourne was 2.1 per cent, slightly down from 2.2 per cent last year. However it was still the fastest population growth in Australia.
Seven out of the Australia’s top ten growth areas were in Greater Melbourne.
Cranbourne East in Melbourne’s outer south-east increased by 4,600 people in 2014-15, the largest growth of any area in Australia. The outer northern areas of South Morang (up by 4,200 people) and Epping (3,300) came in second and third respectively, whilst Point Cook (3,200) in Melbourne’s outer west ranked fourth nationally.
Cranbourne East also had the fastest growth in the state (and the second-fastest nationally), increasing by 32 per cent in 2014-15.
In addition to the growth areas on the outer suburban fringes, large population increases were also seen in the inner-city area of Melbourne (up by 2,600 people) and nearby Southbank (1,300). Docklands was the fastest-growing inner city area, up 8.3 per cent in 2014-15.
Outside of Melbourne, areas with the largest growth in 2014-15 were Grovedale (up by 1000 people) in Geelong and Ocean Grove – Barwon Heads (700) on the Surf Coast.


Mortgage broker in Melbourne

Are you looking to borrow to invest in the Melbourne property market? Contact one of our Melbourne based mortgage brokers to discuss your home loan or investment property loan needs?
Contact us:

+614 30129662

Oak Laurel – loans made easy!
Oak Laurel Mortgage Broker
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Wednesday 17 August 2016

Property Development Private Equity Funding

The post Property Development Private Equity Funding appeared first on Oak Laurel.

Private Equity Funding For Property Development

Oak Laurel can assist you to obtain private equity funding for property development.

We can assist you with private equity of up to $10 million per project to quality property development projects.

Profit split with private equity investors / partners

The equity is raised through private investors under an Australian Financial Services Licence. The project profits will be split with the private investors at 50% of the profit. Capital raising fees apply, but can also be funded.

Do you and your development project qualify for private equity funding?

Qualifying developers

To qualify for the private equity funds you will need to be an experienced developer with at least 10 years of experience, and have developed at least $50 Million in projects.

Qualifying development projects

For your project to qualify, it needs to have:

  • a minimum project return of 20% profit; and
  • maximum of 60% Loan to Value Ratio.

Other criteria apply. Contact us to see if you and your project qualify.

Contact Oak Laurel to arrange private equity funding for your next property development project.

 

Property development finance

Undertaking a commercial or industrial development project and need it funding? Contact us about getting your project funded.

Private equity funding for property development

Have a large project and need private equity to fill a gap in your funding? Contact us about getting your private equity funding.

Land development loans

Are you subdividing land to create value? You may need a land development loan. See here for information about land development funding.

How to get your property development financed

What you need to know about getting your project funded.

 

 

Oak Laurel – development funding made easy!

Oak Laurel Mortgage Broker

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Tuesday 16 August 2016

Mortgage broker jobs Brisbane QLD

The post Mortgage broker jobs Brisbane QLD appeared first on Oak Laurel.

Mortgage broker positions available in Brisbane QLD

Mortgage broker jobs Brisbane QLD
Mortgage broker positions are now available in Brisbane QLD. Oak Laurel is recruiting mortgage and finance brokers in Brisbane. If you are a qualified mortgage broker we want to hear from you!
Experience as a mortgage broker is an advantage but a Certificate IV (or diploma) in mortgage broking (qualification) is essential!

What we provide our mortgage brokers

We provide:
  • A competitive uncapped commission structure. There is no limit to the amount that you can earn only your motivation to succeed.
  • Marketing, including clients looking for assistance with their home loan, investment loan or other type of finance.
  • Mortgage broking mentorship for new mortgage brokers with less than two years experience (a requirement of the mortgage broker industry).
  • Flexible work environment. Set your own hours and schedule.
  • Flexible work location.
  • Supportive work environment.

 Why become a mortgage broker?

There has never been a better time to become a mortgage broker. Every year more and more borrowers are using mortgage brokers to assist them with their home loan or investment property loan. With the complexity in the loan market increasing and some much difference in cost and eligibility criteria between lenders there is no wonder borrowers are using mortgage brokers to help them through the maze. You too can reap the benefits of providing a highly valuable service to borrowers.
Join the team at Oak Laurel mortgage brokers in Brisbane.

Find out more about our mortgage broker jobs

Mortgage broker jobs

Find out more about the mortgage broker and finance broker jobs that we have available!

Commercial finance broker jobs

Find out more about the Commercial finance broker jobs that we have available!
Oak Laurel – loans made easy!
Oak Laurel Mortgage Broker
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Sunday 14 August 2016

Mortgage broker job Drummoyne NSW

The post Mortgage broker job Drummoyne NSW appeared first on Oak Laurel.

Oak Laurel Mortgage and Finance Brokers are recruiting Drummoyne NSW

Mortgage broker job Drummoyne NSW
If you are an experienced mortgage broker or even a newly qualified mortgage broker we want you!
Joint the team at Oak Laurel! We have a lot to offer you. We can provide competitive un-capped commission structure; access to a wide range of lenders and loans; marketing and a stream of clients inquiring about mortgages and finance ready for you to assist them; mortgage broker mentoring if you are a qualified mortgage broker with less than two years experience (a mandatory requirement in the mortgage broker industry) and much, much more!
There has never been a better time to be a mortgage and finance broker. Every year more and more borrowers are using mortgage brokers. More that 50% of home loan are now obtained through a mortgage broker. Compared to home loans, relatively few commercial loans are obtained through a mortgage and finance broker but this is likely to be a growth area in the future.
Borrowers can get massive value from using a mortgage broker as they can save thousands on their home loan, investment property loan or other loan. You can benefit from our uncapped commission structure for providing massive savings to your clients!
If you are a self motivated problem solver then you may just be what we are looking for!





Mortgage broker jobs

Find out more about the mortgage broker and finance broker jobs that we have available!

Commercial finance broker jobs

Find out more about the Commercial finance broker jobs that we have available!


Oak Laurel – loans made easy!
Oak Laurel Mortgage Broker
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Sunday 3 July 2016

Unsecured business loans Australia

Unsecured business loans Australia

Unsecured business loans can be a great tool for those in business that good business cash flow but do not have property to secure the loan with. If this is the case for your business than you may be able to get an unsecured business loan. This can be a good option for a business that is growing and their assets are tied up with other lenders but the business has good cash flows. Typically the business will not need to show their full financials (tax returns and Business activities statements) instead just show that they have good income cumming into the business. This may be able to be de

Oak Laurel can fund loans to businesses anywhere in Australia!
No security is needed!
All that is required is 3 months business banking statements!

Need urgent business loans right now? We can offer you a fast, flexible and simple solution for any business loans!

Do you need any of the following:
quick business loan bad credit
quick small business loan
business loan fast approval
quick business finance
business finance fast
business finance fast
short term business loans
quick business loans no credit checks
simply quick business loans
quick business loans online
unsecured business loans Australia
unsecured business loans for new businesses

No assets? No worries!

In a hurry? We'll let you know if you qualify for our fast small business loans quickly. We'll provide you with a qualifying decision quickly.

Fast, Hassle Free Business Loans.

Does your Business have a need for cash flow right now? We offer a fast, flexible and simple solution for any business requirement.

Oak Laurel can provide Australian businesses with unsecured business loans to help facilitate business their growth. With quick approval, low doc requirements. Apply now!

Contact Oak Laurel!

Thursday 30 June 2016

Tips for first home buyers

Great tips for first home buyers getting a mortgage!




Need some great tips? Watch the video. Need a great mortgage? Ask Oak Laurel 0430129662. http://www.oaklaurel.com.au/

Friday 24 June 2016

Home loans for accountants - No LMI up to 100%

Home loans for accountants - No LMI up to 100%
Wow 100% that is amazing!!! Watch the video.

Need the finance, contact Oak Laurel 0430129662.

Thursday 23 June 2016

Five top tips to pay off your mortgage quicker

Quick Business Loans

Quick Business Loans

Quick business loans can be used by small businesses and self employed people that would like to take advantage of a time sensitive business opportunity. Often the banks and normal non-bank lenders have a long and extensive process of assessing loan applications, including small business loans or other commercial loans. This can mean that if you have a time sensitive business opportunity and need funds quickly that the banks and normal lenders will be too slow in assessing your application that you can miss out. This can be a costly process for business looking to take advantage of a situation quickly.

For example you may be able to purchase plant, equipment or other goods at a heavily discounted price but for a limited window of time and then on-sell at a high mark-up. If you don't buy within the short window the opportunity is missed. In this case you may be able to obtain a quick business loan buy the goods, on-sell them and repay the short term loan and pocket a tidy profit. However, it is important to note that short term loans come at a price. Quick business loans are typically quite a bit more expensive than normal loans as the lender is taking the risk of a fast application turn around time.

Another example of when a fast business loan may come in handy is if you are getting a normal bank loan but the bank is taking its time to assess and approve the application but you are counting on using the funds immediately (for example you have already signed a contract and the bank will not meet the payment due date). In this case you may use the quick business finance from the short term lender to fill the gap between the payment due date and when the bank provides the funds.

The crucial part of a fast business loan is having an exit strategy. An exit strategy means a way to repay the fast business loan. These can be selling whatever the funds are being used to purchase, or refinancing to another longer term lender or obtaining funds from else where.

If you need a quick business loan then contact Oak Laurel. Oak Laurel can arrange for fast business finance that may just save your day!

Monday 30 May 2016

Residential land prices increasing in Melbourne

The post Residential land prices increasing in Melbourne appeared first on Oak Laurel.

Residential land prices increasing in Melbourne as developers compete for limited stock

Residential land prices in Melbourne are approaching their previous peak levels as the pipeline land available for development begins to dwindle.

The National Land Survey Program (NLSP) March quarter survey, figures shows that the median block of residential land price in Melbourne increased 2.8% over the March quarter to $218,000.

Over the 12 months to March 2016 residential load lot prices in Melbourne increased 3.8%. Lot prices are just $2,000 below the previous price peak in September 2011 of $220,000.

Melbourne’s median residential land lot price is currently lower than Sydney’s by $245,000. However, because the developable land releases but it is believed that the level of affordability in Melbourne is unlikely to continue.

The demand for developable land in Melbourne continues to remain strong and stock level on the market remain low this will continue to drive up prices as competition from buyers increases. It is also likely to dive up property prices as lower levels of new housing stock comes on the market.

The National Land Survey Program data shows Melbourne has averaged 5,500 lot releases for each of the past three quarters and does not appear to be increasing.

National Land Survey Program data shows that the March quarter saw an average of 1,850 lots sold per month, the second highest quarterly sale rate since the National Land Survey Program began in 2005.

The Melbourne residential land market has posted four consecutive quarters of record or almost record sales volume, making 21,000 residential land lot sales for the year.

State government levies and taxes are also inflating land prices. Lack of Government land releases is also likely to have a price inflation impact on the Melbourne property market more generally.

 

Land development finance

Are you looking to capitalise on the increasing demand for developable land? Contact Oak Laurel if you are looking to finance a land subdivision.

Development finance

Are you are looking for development finance for your next construction project? Contact Oak Laurel about property development finance

 

Oak Laurel Mortgage Brokers – Loans made easy!

Oak Laurel Mortgage Broker

 

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Tuesday 3 May 2016

Changes to non resident lending in Australia

The post Changes to non resident lending in Australia appeared first on Oak Laurel.

Changes to non resident lending in Australia May 2016

There has recently been some change in non-resident lending in Australia. Many lender that have previously been major players in the non-resident home loan market have pulled out completely from lending to Australian non-residents.

It is believed that these lenders are pulling out of home loans for non-residents in Australia because there have been a number of incidents where fraudulent applications have occurred, primarily around false income declarations of borrowers on loans for investment properties being purchased in Australia.

Some lenders are have also announced that these changes are supporting Australians to get into the property market. However, typically foreign non-residents are purchasing a different type of property than Australians, such as new high density inner city apartments in Melbourne Central Business District (CBD) or other major Australian city CBDs.

Non-resident home loans Australia

Are non-resident home loans in Australia still available? Yes, home loans for non-residents to buy property in Australia are still available from some lenders. Some lenders are now still lending to non-residents but at lower loan to value ratios (proportion of the property’s value being borrowed). Whilst other options are at slightly higher interest rates and fees.

Self employed non-resident home loans and salary based non resident home loan applications are still accepted.

Many of these changes also impact temporary residents in Australia looking to get a home loan.

Australian expat home loans

Are Australian expat home loans impacted? No, there are still many options for Australian expatriate home loan borrowers in the Australian mortgage market. Australian expats with foreign incomes and who are living overseas still have many options. If you are an Australian expat contact Oak Laurel to find a home loan that meets your needs.

Contact Oak Laurel Mortgage brokers about an Australian expat home loan.

 

Oak Laurel Mortgage Brokers – Loans made easy!

Oak Laurel Mortgage Broker

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RBA cash rate update May 2016

The post RBA cash rate update May 2016 appeared first on Oak Laurel.

RBA cash rate update May 2016

RBA cash rate update May 2016. The Reserve Bank of Australia cut the cash rate by 0.25% to 1.75% today the 3 May 2016. The cut comes after the cash rate being stable at 2% since May 2015.

In the Statement by the Governor of the Reserve Bank of Australia, Glenn Stevens, on the Interest Rate Decision, he sites low levels of inflation as the the primary reasons for the cash rate cut.

Other reasons that the board had reportedly considered include:

  • Slower growth in the Chinese economy
  • Indications are that growth is continuing in 2016, though probably at a more moderate pace.
  • Labour market indicators have been more mixed of late.
  • Stabilisation of the housing market
  • Prudent lending standards.

Though further reasons were considered they appear to be rather benign and appear not to be real drivers of the decision cut rates.

In reaching today’s decision, the Board took careful note of developments in the housing market, where indications are that the effects of supervisory measures are strengthening lending standards and that price pressures have tended to abate. At present, the potential risks of lower interest rates in this area are less than they were a year ago. Taking all these considerations into account, the Board judged that prospects for sustainable growth in the economy, with inflation returning to target over time, would be improved by easing monetary policy at this meeting. Glenn Stevens, Governor of the Reserve Bank of Australia

Which banks have passed on the interest rate cut?

The National Australia Bank, Westpac, Commonwealth Bank and Bank of Queensland have announced that they would pass on the full interest rate cut to their home loan customers. However, ANZ has announced that it would only cut its home loan rate by 0.19%. Other banks and lenders are yet to make any announcement on if they will pass on the cut and by how much.

Commentary

Curious timing for rate cut given that the decision was made on the same day that Federal budget is due to be handed down and just before an election is due to be announced. The Research Bank of Australia board could have taken a wait-and-see approach with inflation and economic factors as they have done for the past year but decided to cut the cash rate anyway. Not that I am opposed to the cut but perhaps it could have been made earlier.

The Australian dollar tumbled by about 1% after the announcement, probably one of the RBA’s intended impacts of the cut.

Mortgage Broker Oak Laurel By Dr Nigel Abery (Ph.D.)

Looking to cash in on the interest rate cuts?

We can help you to shop around to get a better interest rate. Find out what Oak Laurel mortgage brokers can do for you

Oak Laurel Finance Brokers – Finance made easy!

Oak Laurel Mortgage Broker

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Saturday 30 April 2016

Getting a construction loan in Australia


Tips for getting a construction loan


To always put yourself in the greatest position to put together a new construction, one of the best things you can do is seek a high quality construction loan. These construction projects can be incredibly expensive, so you will owe it to yourself to do your best to get the funding that you require. Without having to worry about a financial burden, you will be able to put together any kind of dream project that you can imagine. The best thing to do in this regard is reach out to a financial professional who can provide you with a construction loan.

Make Sure That Your Credit Is In The Best Condition


One of the most important criteria when applying for a business loan is your credit. Your credit will need to be in good condition for you to get the fair and balanced rates that you need on a loan. So run a credit check to be sure that you will be able to approach lenders in a way that will be most beneficial to you. You can also touch base with a construction loan broker who can help you prepare your credit to ensure that you get a better business rate on your construction mortgage.

Carve Out A Budget That Will Work For You



One of the worst things you can do when applying for a loan is overshoot your budget. You need to set a hard maximum for the budget and ensure that you never spend over it so you do not put your business in peril. This will also inform you in a way that lets you approach lenders with more information to use. This goes a long way toward helping you put your best foot forward in that regard.

Research The Loan And The Interest Rates That Come With It


Finally, you need to be sure that you are shopping for the absolute best rates. This will allow you to make manageable monthly payments for the construction without having these projects take years to be funded. The less financial burden the better, so that you are able to make a better return on your investment which can lead to more constructions. Shop around amongst different lenders to see who is willing to give you the most affordable rate in that regard. It will go a long way toward improving your bottom line.

Take advantage of these tips in order to learn more about these loans and how they can be useful to you as a whole. When you are able to secure high quality financing, it becomes easy to build a project to the specifications you desire. Getting help from lenders opens up your flexibility exponentially and makes it so that you are in the driver's seat with all projects. If this is what you are looking for, consider these tips and use them to close on the property that you need.



Why Your Development Finance Was Rejected

The post Why Your Development Finance Was Rejected appeared first on Oak Laurel.

I regularly get contacted by desperate developers wanting to fund their project, frantic because they have committed their time, funds and or equity into a project only to find out that getting the funding is not easy.

Some of these developers are new to industry and it is rather expected that they may have trouble or perhaps have not yet learned the right way to approach funding a project. However, some are experienced developers that have been caught in the changing funding environment.

Below are some of the reasons why they run into trouble:

Bank appetite for funding developments has reduced

Banks have traditionally been the major source of property development funding. However, the appetite of the major banks is waning. Banks are tightening their lending criteria and requiring higher amounts of equity (lower loan to value ratios), profit margin and a larger amount of pre-sales, up to 100 per cent of debt cover, especially for inexperienced and new to bank developers. Some areas are now effectively off limits for bank development finance due to concerns of oversupply.

Furthermore, the major banks may impose further conditions/restrictions on developers above and beyond their stated criteria in order to further mitigate their risk. This can mean extra time is taken whilst the bank assesses and re-assesses the risk or all of the different aspects and this can cause delays for the developer who just want to get on with their developments and making money.

The tightening of bank requirements is pushing more developers who are sick of trying to jump through a seemingly never ending series of hoops from the banks to non-bank or ‘private lenders.’ These lenders have a more flexible approach to funding developments and allow developers to have much lower equity contribution (and higher loan to value ratios), many do not require pre-sales and are generally much faster than the banks at approving and releasing funds.

On the flip side, when you are using a non-bank or private lender, you can expect a higher cost to go with the greater flexibility and risk to them. For many developers, the extra cost of using a private lenders is not significant compared to their profit margin and when their equity is freed up…

Continue reading this article where it was first published on Sourceable.net

by Nigel Abery, Director of Oak Laurel.

How to get your development financed

Getting your development financed is not as easy as it once was. Find out how to get your development project financed.

 

Property development finance

Undertaking a development project and need finance? Contact us about getting your development financed.

 

Private equity for property development

Is your development project just too large for you without more equity in your project? Do you need a private equity contribution for your large property development? See more about private equity for property development here:

 

Land development finance

Land development loans. Are you subdividing land to create value? See here for information about land development funding.

 

Small development projects can use construction loans

Undertaking a small property development? A construction loan can be a cost effective solution. Find out about construction loans here:

 

Oak Laurel Finance Brokers – Development finance made easy!

Oak Laurel Mortgage Broker

 

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Saturday 26 March 2016

Happy Easter holiday 2016 from Oak Laurel

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Oak Laurel wishes everyone a happy Easter holiday 2016!

Happy Easter! We are hoping that you are having a great Easter holiday with family and or friends!

Even if you are not religious or believe in the Easter bunny you can still enjoy a holiday.

If you are working through the holiday, hopefully you are being paid extra to make it worth your while.

Remember to consume chocolate in moderation.

 

Looking to invest in the property market?

Your investment property loan can make a big difference in the cost and ultimately the success of your investment. Oak Laurel mortgage brokers can help you to compare investment property loans. Find out more about investment property loans:

Need a mortgage and finance broker?

Oak Laurel's mortgage brokers can help you to compare your home loan or investment loan options. Make sure that you are not paying too much on your loan, contact one of our mortgage specialists today:

Oak Laurel Mortgage Brokers – Loans made easy!

Oak Laurel Mortgage Broker

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Saturday 27 February 2016

Melbourne property prices reach new peak again in Feb 2016

The post Melbourne property prices reach new peak again in Feb 2016 appeared first on Oak Laurel.

Melbourne property prices reach new peak again in Feb 2016

Melbourne property prices index has reached a new peak again in Feb 2016. Melbourne property prices hit new peaks in four consecutive days 24 to 27 Feb 2016. These new all time highs come after Melbourne hit new highs earlier in the month according to data from Corelogic daily property price index.

These price gains come despite prominent media stories by so called ‘experts’ that property prices in Melbourne are slowing or ‘set for price correction’, with no mention of the new peaks in prices that are being observed. Anyone can make a guess on where property prices will go but it would be nice if firstly they were backed by credible evidence and secondly they have a track record of getting it right. However, in the 24/7 news cycle I guess that it is the sensationalised headline that matters to sell papers, subscriptions or airtime.

Auction clearance rates as reported by domain.com.au still remain relativly high at 75% clearance in Melbourne on Saturday the 27th February 2016. High clearance rates at auction also suggest that demand is strong and that future property prices will rise, at least in the short term.

“I still believe that Melbourne property has a good outlook for 2016. It is such a livable city and people want to live there and own a home there” said Dr Nigel Abery (Ph.D.) Principal at Oak Laurel.

“Unlike the wild ups and downs of Australia’s other cities, Melbourne property prices have a relatively reliable and consistent upward trend without the wild swings” said Dr Abery.

“Selecting the right suburb, street and individual property is always important but Melbourne is a good starting point” said Dr Abery.

 

 

Looking to invest in the Melbourne property market?

Your investment property loan can make a big difference in the cost and ultimately profitability of your investment. Oak Laurel mortgage brokers can help you to compare investment property loans. Find out more about investment property loans:

Need a Melbourne based mortgage and finance broker

Oak Laurel's Melbourne mortgage brokers can help you to compare your home loan or investment loan options. Make sure that you are not paying too much on your loan, contact one of our mortgage professionals today:

Oak Laurel Mortgage Brokers – Loans made easy!

Oak Laurel Mortgage Broker

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Saturday 13 February 2016

Commercial construction Finance

Commercial construction Finance

The success of a construction project often depends primarily on obtaining optimal construction finance terms meet the needs of the developer and the development.
Oak Laurel has a wide range of lenders, construction loans and development finance to assist you to build and/or develop property.  Oak Laurel can assist you to finance the purchase of vacant residential, commercial or Industrial land, and finance its development. This includes the construction of residential property, retail / shops, commercial property and or industrial property. We have funders that can finance a wide range of development and construction types.

Oak Laurel also has access to funders that can help with the short term funding. This can be of benefit in the initial stages prior to the development approval being granted and in some cases to complete the final stages of a development in the event of a funding shortfall.
Residential construction loans are generally provided on an interest only basis at a variable rate during the construction period. At the end of the construction period the construction loan will revert to a standard home loan or investment loan that has been pre-agreed by you and your lender. If you have development finance for a large scale development the fished property will either be sold at the end of the construction or refinanced from the development finance into and ongoing loan.

Because construction finance typically operates on a draw down basis, that is funds are provided on an as needs basis to pay the builder for the completion of milestones, the borrower will only need to pay interest on the funds that have been ‘drawn down’ (paid to the builder).

Commercial construction financing, for larger scale property development, is typically provided on a variable interest rate basis. However, fixed interest rate loans can be provided in some circumstances such as where the land is acquired and the development is not ready to begin for a certain period of time.

Mezzanine debt / or second tier debt can be provided for some development projects where additional funding is required above the amount / loan to value ratio provided by traditional banks and lenders. Mezzanine finance is typically provided when the developer’s equity is insufficient to make up the difference between the first tier funds and the development costs. Mezzanine debt is typically provided at an interest rate but because the amount is relatively small the total cost to the project is relatively small.

Construction Progress Payments

Construction Progress Payments: Information about construction loans

What is a construction progress payment?

A construction loan progress payment is a payment made by the bank or lender on completion of a building stage according to the agreed schedule. This is often called a draw down payment.

Typically builders request five progress payments. One at the completion of each major stage of construction. A progress payment is where your lender pays your builder directly for this progress made on your construction.
The lender will not pay the construction progress payment immediately. It can take up to 10 working days to process the first and last progress payments and five working days to process other progress payments. It is a good idea to call your lender after you send progress payment request to ensure that they are aware of it and are acting the payment.
Usually residential property construction projects are split into five stages and with a progression payment due at the end of each stage. The fixed price contract agreed to by you and your builder will state how many payments, how much for each payment and when the payments are due. Your lender will make the payments according to the schedule in your building contract.
Payment should only be made to the person or company whose name appears on the building contract and at the times nominated in your building contract.


How do I get a progress payment made?

The first progress payment
To have the first progress payment paid you will need to provide the following documents to the lender:
·         The first progress payment request.
·         Approved Council plans.
·         Fixed price building contract Signed buy you and your builder.
·         Building permit (VIC) or Construction certificate (NSW) or Decision notice (QLD).
·         Builders Insurance (certificate of currency).
·         Builders Indemnity / Public Risk Insurance to a level acceptable to your lender.

Allow sufficient time for your lender to receive and process the documents prior to expecting the progress payment to be paid.

Subsequent progress payments
Send to your bank or lender the following documents:

A signed progress payment request form (available from your lender) OR a signed letter from you authorising payment.
A copy of the invoice from the builder. Some lender will require you to sign the builder’s invoice.
You and your builder may need to allow a representative from your bank or lender to access the building site to inspect the progress and check that the construction is to an acceptable level of workmanship. Some lenders will charge you a fee for each inspection. You may also be charged a drawdown fee to cover your bank or lender’s cost of dispersing the funds.

Requesting you final progress payment
Your bank or lender will usually send a valuer to inspect your finished property to confirm that it has been completed according to the plans and specifications of the building contract. Payment will be withheld if all of the contracted works have not be completed.
You may need to provide additional documents to the lender prior to the final payment. Contact your lender to confirm what these will be. Typically these will be:
A Certificate of Occupancy, also called Occupancy Permit, Final Occupation Certificate or Certificate of Classification. This is to show that the building is up to the relevant standards and is safe to be lived in.
A copy of your building insurance with enough cover to replace the building. This copy must also include your bank or lender’s name on the policy;
A signed progress payment request form (available from your lender) OR a signed letter from you authorising payment; and
A copy of the invoice from the builder. Some lender will require you to sign the builder’s invoice.

Want to know more about the construction loans? Find out about the construction loan process.



Tuesday 9 February 2016

Fixed or variable home loan in 2016?

The post Fixed or variable home loan in 2016? appeared first on Oak Laurel.

Is it better to have a fixed or variable home loan in 2016?

A common question clients ask when taking out a home loan or looking to refinance their home loan is: Should I fix my home loan? or Is it better to have a fixed or variable home loan in 2016?

Sometimes what the client really wants to know is: Will interest rates increase in 2016 or the next few years?

Mortgage Broker Oak Laurel Nigel Abery (PhD), Principal Mortgage Broker at Oak Laurel.

What influences interest rates?

It is not really possible to know with any amount of certainty if interest rates will increase, remain the same or decrease in the short and medium term. There are many factors that can influence both the Reserve Bank of Australia’s cash rate and the bank or lender mortgage rates.

The factors that the Reserve Bank of Australia board consider when setting the cash rate are contained in the RBA Governor Glenn Stevens’ statement that is provided after each meeting. Some of the reasons for these changes are stated with some commentary about the RBA decisions in other articles on this site. The RBA decisions mainly revolve around global and domestic economic conditions and inflation (including house prices).

The bank and lender interest rate are influenced by the RBA cash rate, other cost of obtaining and providing finance, Government regulation (banks and lenders change their interest rates in order to encourage or discourage certain types of borrowers) and the risk of lending (this can be risk of lending to a certain type of borrower or due to other conditions such as higher risk locations or property types). Banks and lenders can also manage these types of risks by increasing the deposit or equity required.

Why fix you mortgage interest rate?

There are a few main reasons that you may want to fix your mortgage interest rate:

  1. If the fixed rate loan has a lower rate than the variable interest rate alternatives.
  2. If you want to be sure that your payments will remain at the fixed rate level for a certain period of time.
  3. If you think that interest rates will increase and you will be paying less by fixing your interest rate.

Why have a variable mortgage interest rate?

There are a few main reasons that you may want to have a variable mortgage interest rate:

  1. If the variable interest rate is lower than the alternative fixed rate (similar to the above but in reverse).
  2. If you want flexibility to make extra payments or repay or refinance the loan without paying a break fee penalty. Note that some fixed rate mortgages allow substantial amounts of extra repayments.
  3. If you think that interest rates will go down and you will be paying less by having a variable interest rate.

Which is better, a fixed or variable rate loan in 2016?

Assuming that you don’t need the flexibility to make extra payments or the certainty your payments will not increase, the question really becomes do you think that bank or lender mortgage interest rates will increase in 2016.

Though it is difficult to predict, I suggest that we may be at or near the lowest interest rates that we will see in the short to medium term. This is because of a number of reasons:

  1. The RBA has stopped indicating that they may cut and now have made more undecided statements that the cash rate could go either way.
  2. Lenders, mostly banks have had extra regulatory burden placed on them and are becoming more risk averse and are pricing more risk into their rates.
  3. Interest rates are already very low and the RBA can only cut so much without being cornered without even being able to threaten a cut. The RBA often talks about cutting the cash rate in an attempt to stimulate spending and the economy without the need to actually cut rates, this is called jawboning.
  4. I am an optimist and believe that the economy will improve.

Disclaimer: nobody can predict with certainty what will happen to interest rates. This is not considered as financial advice!

 

Thinking of getting a better interest rate?

If you want to fix your rate or just refinance to a better variable rate, contact one of our mortgage brokers to have your home loan reviewed. You may be surprised on how much you can save over the medium and long term!

 

 

Oak Laurel Finance Brokers – Finance made easy!

Oak Laurel Mortgage Broker

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Tuesday 2 February 2016

RBA cash rate update Feb 2016

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RBA cash rate update Feb 2016

RBA cash rate update Feb 2016. The Reserve Bank of Australia left the cash rate on hold at 2% today the 2 February 2016.

 

In the Statement by Glenn Stevens, Governor on the Interest Rate Decision, the reasons given for leaving the cash rate unchanged included:

  • mixed economic conditions around the globe;
  • declining commodity prices, especially oil prices, and the continuing decline in Australia’s terms of trade;
  • volatility in financial markets;
  • non-mining parts of Australia’s economy strengthening during 2015;
  • improving and above average business conditions;
  • employment growth and decreasing unemployment rate;
  • increasing lending to businesses; and
  • constrained inflation, CPI rising by 1.7 per cent over 2015, with underlying inflation at about 2 per cent & growth in labour costs subdued.

The Governor of the Reserve Bank of Bank did not give any guidance of where interest rates may head in the future with the following statements.

 

At today’s meeting, the Board judged that there were reasonable prospects for continued growth in the economy, with inflation close to target. The Board therefore decided that the current setting of monetary policy remained appropriate. Over the period ahead, new information should allow the Board to judge whether the recent improvement in labour market conditions is continuing and whether the recent financial turbulence portends weaker global and domestic demand. Continued low inflation may provide scope for easier policy, should that be appropriate to lend support to demand.Glenn Stevens, Governor of the Reserve Bank of Australia

 

Commentary

The mixed signals in the global and local (Australian) economy appear to have the Reserve Bank Board uncertain what the future may hold and therefore deciding to keep rates on hold. Regardless of what may happen in the future the current improving employment data and low interest rates are good for borrowers.

 

Mortgage Broker Oak Laurel By Dr Nigel Abery (Ph.D.)

Hoping for a cut to the cash rate to reduce your mortgage payments?

A cut to the cash rate may have reduced your mortgage repayments, if your bank passed it on! Why not see what else is available from the lenders out there?

 

 

Oak Laurel Finance Brokers – Finance made easy!

Oak Laurel Mortgage Broker

 

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Monday 1 February 2016

Melbourne property prices reach peak Feb 2016

The post Melbourne property prices reach peak Feb 2016 appeared first on Oak Laurel.

Melbourne property prices reach a new high in February 2016

Melbourne property prices reached a new high in February 2016 according to property price data from Corelogic.

Melbourne’s property price rises are ahead of all of Australia’s other capital cities, including Sydney which has seen a decrease in property prices in recent months.

Melbourne’s property price rise trend has been a steady upward trajectory after dipping after the previous maximum in November 2015.

The auction clearance rates in Melbourne also show signs that the market is heating up again with good clearance rates according to Domain.com.au data.

Though the Melbourne property prices have hit a new high, the price rises are slower and steadier than the gains in the recent past that worried Government policy makers. So don’t expect Government banking regulator to require banks and lenders to carry out any further restrictions on investment lending. There is also indication that the participation of property investors is not the main driver in Melbourne’s property price gains.

The restriction of property price gains to the Melbourne market and the cooling of the Sydney property market, where bubble fears were greatest, should still leave the door open for the Reserve Bank of Australia to cut interest rates if needed.

“The Melbourne property market has a good outlook for 2016, probably better than any other property market in Australia.” said Dr Nigel Abery (Ph.D.) Principal at Oak Laurel.

“Melbourne’s property market has good fundamentals, with more people choosing Melbourne to settle in that any other city in Australia” said Dr Abery.

“Melbourne is a great city to live in and that is why thousands of people are moving from other cities around Australia and overseas to live in Melbourne” said Dr Abery.

“Not all suburbs are the same so don’t expect that you will get average gains if you buy in a bad location. I would avoid inner city large high-rise apartments unless you investment horizon is super long term. Alternatively, if you buy a quality property in a good location you may expect to outperform the average price gains.” said Dr Abery.

“Look for suburbs where people high incomes and above average capacity to pay want to live. Convenient locations with good access to transport and amenities such as good schools are likely to continue to attract buyers willing to pay top prices” said Dr Abery.

Looking to invest in the Melbourne property market?

Your investment property loan can make a big difference in the success or failure of your investment. Oak Laurel mortgage brokers can help you to compare investment property loans. Find out more about investment property loans:

Talk to one of our Melbourne mortgage brokers?

Oak Laurel's Melbourne mortgage brokers can help you to compare your home loan or investment loan options. Make sure that you are not paying too much on your loan, contact one of our mortgage professionals today:

 

Oak Laurel Mortgage Brokers – Loans made easy!

Oak Laurel Mortgage Broker

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Tuesday 26 January 2016

Bad credit truck finance: truck loans for people with adverse credit files

The post Bad credit truck finance: truck loans for people with adverse credit files appeared first on Oak Laurel.

Bad credit truck finance

Bad credit truck finance is available, Oak Laurel finance brokers can help!
Do you have bad credit and want to get a truck loan? Most people with bad credit get turned down by the banks and lenders. When you have bad credit you can end up thinking that there is no options for you to finance your truck, trailer or other equipment purchase. However, this is not true! Oak Laurel finance brokers get the tough truck and equipment loans approved!
Having a few dents in your credit file does not mean that you will be unable to get your truck purchase approved. It may be true under normal circumstances but Oak Laurel finance brokers are not your normal finance brokers. Oak Laurel finance brokers are specialists that get the tough loans approved!
STOP applying for finance immediately, you are only damaging your credit file even further but applying again and again and being rejected! Contact Oak Laurel finance brokers immediately! We can get you back on track to a clean credit file and financing your truck, trailer or other equipment that you need to run your business.
Did you know that Oak Laurel finance brokers can also help people that have only just registered their ABN? If you have only just registered an Australian Business Number (ABN) then most banks and lenders will not finance your truck, trailer or other equipment purchase. However, Oak Laurel can assist people who have only recently registered their ABN. This also means that you do not need to provide any financials such as tax returns, business Activity Statements (BAS), or even an accountants letter. We can assist new business owners to finance many types of equipment even when they have only registered their ABN or one day!
If you are looking for truck finance or know someone that is looking for truck finance or other types of equipment finance tell them about Oak Laurel finance brokers.

Oak Laurel Finance Brokers – Truck loans made easy!
Oak Laurel Mortgage Broker


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Monday 25 January 2016

Truck finance for new business

The post Truck finance for new business appeared first on Oak Laurel.

Truck finance for new business startups

Truck driver can get finance for their new truck business!

Are you a truck driver? Chances are that you are working for a trucking company. If your trucking company does not treat you well and pay you enough maybe you would be better as a self employed truck driver. As a self-employed truck driver you could be making your own decisions about when and where you work and which jobs you accept and at what rate. But maybe you don’t own a truck, so how can you run your own trucking business without out a truck? Well you probably can’t run a trucking business without a truck but Oak Laurel can help you to finance a truck so that you can start your own trucking business!

Maybe you thought that you needed to have a proven trucking business with complete financial records before the banks and lenders would give you a truck loan! Well that is not always the case! Oak Laurel finance brokers can often arrange funding for new truck businesses that do not have any financial records.

Oak Laurel finance brokers get the tough loans approved! When you have been told NO by the banks we can often get you a yes from one of our specialist lenders who are more understanding and flexible that the traditional banks and lenders that you are used to dealing with.

Do you have bad credit? Oak Laurel can often still arrange a bad credit truck loan for you! The cost of a bad credit truck loan may be a little more than  if you have a clean credit file but if it gets you the funding you need to get you business going or keep your business then it may be worth a little extra cost until your credit file cleans up again!

Whatever your situation contact Oak Laurel to see what we can do for you!

 

Truck finance

Find out what you need to know about getting truck finance for your new trucking business. It is easier than you think! Contact Oak Laurel today!

 

Oak Laurel – Finance Brokers

Oak Laurel Mortgage Broker

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Happy Australia Day 2016 from Oak Laurel

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Happy Australia Day 2016

Happy Australia Day 2016!

Here at Oak Laurel we wish everyone here in Australia, and abroad, a Happy Australia Day 2016!

We hope that all you Australians enjoy the day off (or your extra pay rates for working on a public holiday if you are working). Today is a great day to spend with family and or friends to celebrate being Australian and the wonderful country that we live in!

Here are a few fun facts about Australia Day

Australia Day is celebrated on the 26th of January each year. Australia day is a day off for most Australians as it is a public holiday.

Do you know what Australia Day really symbolizes?

• The first Australia Day was January 26, 1808 marking twenty years since Captain Arthur Phillip, a Royal Navy officer, the first Governor of New South Wales and founded the British penal colony that later became the city of Sydney, Australia, raised the flag at Sydney Cove.

• In 1818 Lachlan Macquarie was the first Australian Governor to hold the first “official” Australia Day celebrations. It marked thirty years of European settlement in Australia.

• In the early part of the nineteenth century, Australia Day was called “Foundation Day” and was typically marked by sporting events including horse racing and boat races.

• On the 50th anniversary of the Sydney Cove landing, New South Wales was the first colony to declare Australia Day as a public holiday in 1838.

• By 1888 nearly all of the colonies had declared a public holiday to celebrate Australia Day, but it wasn’t until the 1940’s that January 26th was agreed upon by all states as the proper day to celebrate.

So, we hope that you enjoy Australia day and can appreciate what you are getting a day off for.

Australian Mortgage Brokers

Do you want to talk to an Australian mortgage broker about getting a better deal on you mortgage or other finance? After celebrating a great Australia day, you may want to consider if your Australian mortgage is the best that it could be. There is no point in paying too much on your mortgage. If you want an Australian mortgage broker to go through your options then contact Oak Laurel.

 

 

Oak Laurel – Australian Mortgage Brokers

Oak Laurel Mortgage Broker

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Beginner’s guide to buying a commercial property for investment - Part 5: Lease agreements, permissible activities and use of common areas


Beginner’s guide to buying a commercial property for investment - Part 5: Lease agreements, permissible activities and use of common areas


Commercial property lease agreements
A commercial property lease agreement is the key document where all of the conditions and responsibilities are set out. Cease agreements for commercial real estate are not usually standard templated documents and can be lengthy and complex. Typically a solicitor will be engaged by the owner to draw up the lease agreement according to their specifications. A good solicitor with experience in commercial property lease agreements will be invaluable. However, do not just rely on your solicitor, you should also read the lease agreement to ensure that you know the conditions of the lease. If you do not understand any of it you can ask your solicitor to explain it to you.

Some things to consider in the lease agreement include:

Permissible activities
You may not want certain types of activities to be carried out on your commercial property this may be because they are not allowed by the zoning or body corporate in a strata title property or it may just because some types of activities due to their noise or other reasons are undesirable and may decrease the value of the property or cause issues with neighbouring properties / businesses. Tenants may want to have exclusivity for their business type to avoid further leases to their competitors which could decrease their business. By limiting the activities it can allow a broader range of potential other tenant types.

Use of common areas

Where multiple tenants use a property and there are common areas the activities allowed in these areas should be clearly specified. If not specified some tenants may use the common areas for storage or other activities that could block access or have other undesirable consequences.


Find the full guide here: Commercial property investment (Beginers guide).

Get professional help with your commercial property finance? 

Oak Laurel have specialist commercial property finance broker that can help you compare commercial property finance rates. Furthermore, our specialists can make comparing the different loans and obtaining the right loan for your commercial property simple and easy. We can even help you to get commercial property loans at 80% LVR (loan to value ratios) in some cases. Contact Oak Laurel to find out more about commercial property finance.



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