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Author: David Shih

Your Trusted Lending Advisor

Should you INVEST or SAVE? Growing your money in the low-rate environment

Low rates mean those with mortgages may be breathing a sigh of relief, but low interest on savings accounts make it much harder to save and grow your money. Have you checked the amount of interest you’re getting your savings accounts recently? Chances are it’s sitting around 1%. The RBA’s record-low interest rate is designed…
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Are there anyone to blame for millennials’ struggle to buy a first home?

The story says young Australians struggle to buy their first home, while their parents negatively gear investment properties. Are boomers to blame? Or do millennials’ habits keep them from owning property? Baby boomers have a 95% rate of homeownership, whereas, at the bottom of the ladder, millennials are doing it tough. Increasingly they’re relying on…
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Pick of the Month – 20 Harrison St, Ashcroft NSW 2168

This month our pick is 20 Harrison St Ashcroft NSW 2168. Recently sold around $730K, this 6 bedroom, 2 bathroom house sitting on 803sqm block presents an amazing opportunity for investors who want to strike a balance: Location – just a block away from Liverpool CBD & hospital and situated in pure residential area close…
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What drives RBA’s decision on rates?

The RBA’s decision to hold on interest rates gives us time to take a deeper look at what is going on. After all, there could be further cuts. What drives the decision making? What could send rates lower? To cut or not On the first Tuesday of each month, except January, the RBA board meets…
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Pick of the month – 7 Folkstone St, Modbury Heights SA 5092

Here’s a great pick in Adelaide market for those who are interested in entering Adelaide! Our pick of the month this week is 7 Folkstone St, Modbury Heights SA 5092. Recently purchased by our client at $338K, this 3 bedroom, 1 bathroom 1 garage house sitting on 770sqm block presents great value for money in…
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Want to pay off your mortgage sooner? Here’s how

It’s a simple equation. Paying down your mortgage sooner can save you thousands of dollars in interest in the long run. Here are some ways to make the most of every dollar while paying off your loan quicker. 1. Increase your repayments… Let’s take a look at repaying a $500,000 home loan, using the mortgage…
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What to know for a hassle-free settlement day

If you are buying or selling a property, the settlement period is when you will deal with finances and paperwork to legally transfer ownership of the property. Your financial and legal reps will handle the hard stuff but knowing what is involved is key to a smooth settlement. Here we guide you through it. Before…
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What should you be asking the Agent during open inspections?

If you are buying a new home or investment, chances are you will be attending a lot of open houses and meeting a lot of real estate agents. Asking them the right questions not only shows you are an intelligent & serious buyer but also allows you to obtain the information you need in order…
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The 4 Interest Rate Quadrants

Are you someone who is always chasing for the “lowest possible rate”? Are you someone who is upset because you’re not getting the sharpest rate ever on market? Well, there are various reasons on why you may not be eligible for that “sharpest rate”. That’s why today I want to share my thoughts on why…
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Property of the fortnight – 70 Nanworen Cres, Bell Park VIC 3215

Our pick of the week this week is 70 Nanworen Cres, Bell Park VIC 3215. Sold 2 months ago for $435K, this 3 bedroom, 1 bathroom 2 garage house sitting on 559sqm block offers excellent value in a suburb where median price sits at $460K: 1. Location – situated at Bell Park, a very decent Geelong…
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