Blog
Can I renovate a residential property I own through an SMSF?
If you’re thinking of giving your home a total makeover using your SMSF, think again. Unfortunately, while you and your fellow trustees have some control over your fund, it doesn’t mean you can spend your money however you like. The ability to renovate a residential property that you own through an SMSF comes down to…
Buying a tenanted investment property
There are plenty of upsides to buying an investment property that already has a tenant, as well as a raft of risks. Here’s how to minimise them. Purchasing an investment property that already has a tenant means you collect rent from day one, with no vacant period and no lease fees to find a new…
Buying a property with friends
If you’re looking for a creative way to overcome being locked out of the property market by rising prices, buying a house with a group of friends may be a solution. It can also be a minefield though, so here’s how to avoid a blast. While the excitement of banding together in such a life-changing…
Bridging loan or deposit bond?
When selling one property and purchasing another, the funds from the sale may not be available in time to use for the purchase deposit. There are typically two options in this scenario: a bridging loan and a deposit bond. Bridging loan A bridging loan is a short-term home loan designed to allow you to…
Bridging finance
Ready to build or buy now, but haven’t yet sold your old property? Bridging finance could be the answer to keep the ball rolling. Trying to sell one property and buy another can be quite a daunting and emotional process, especially when the timelines of both projects don’t match up perfectly. Generally, people can be…
Beauty at a cost – renovating a heritage listed home
Seeped in cultural and historical significance, it’s understandable that there are restrictions when renovating a heritage listed home. While that’s not to say that you can’t make any changes, a little more legwork and creativity is often required. Understand what you’re doing Working on a heritage listed property comes down to knowing the implications…
Bank said no? Soldier on and talk to a Finance Manager
Despite owning a growing business and supplementing his income with a pension from the ADF, former soldier Jake Briggs was told by his bank that he could not secure finance to purchase a home. So he found a FinanceCorp Finance Manager who knew better. With his service in the army behind him, Jake Briggs was…
An expert solution to credit debt
Dana and Peter put everything they had on the line to start a family, including their credit and home loan. With the expert advice of a Finance Manager they were able to start fresh for their baby girl. Dana and Peter had professional careers and a new home, however needed help from a fertility clinic…
A preparation checklist for a business loan
Applying for a business loan is a completely different process to that of a home loan application. To ensure you don’t lose your way, we’ve set out a clear path for you to follow. Find a specialised Finance Manager Commercial lending is very different to residential, so when searching for a Finance Manager, it is…
A home of one's own
Are you flying solo and starting to think that buying a property will never be possible? There’s really no need to wait for a knight, or lady, in shining armour to come along, as securing finance on a single income does happen. Of course, just as if you were a couple, your borrowing capacity will…