Fraud has been happening to the mortgage and real estate business industry. Call now for protection ideas.
BEWARE OF THE
PROPERTY BOOM
November 2005
By
Nina Siljanovic
It’s
no wonder that pending investment opportunities dominate dinner party
debate across the nation. The ABS indicates that the private rental market
is Australia’s
second largest source of housing after home ownership. Yet even the most
seasoned investor can be duped by a skillfully marketed investment property
which never quite lives up to expectations and brokers should be equally be
aware of the latest property figures.
As
Australians, we love to speculate. The investment opportunities forged by
the property market provide us with golden opportunities for boastful
banter.We delight in picking the
next hot spot and divulge in mockery of Bob’s second cousin’s son-in-law
who foolishly bought that apartment in that neighbourhood.
It’s
fair to say that as the property market rises and falls that property
speculation is rife across all states.Generalisations are thrown around and quickly become ‘run of the
mill’. Comments like ‘The sun has set on Sydney,
or ‘now’s the time for Queensland
are often heard. Occasionally a spanner is thrown into the works, setting
the chins ‘a wagging’. ‘This time it’s for real,’ they will whisper.
SHORT TERM BRIDGING LOAN:Rapid loans settled for those who needed the money yesterday.
Secured loans available for 1-3 months. Funds are settled in 3
working days.
SECOND MORTGAGES: Provides extra funds without affecting the first
mortgage. 85% LVR in Sydney, Melbourne, Brisbane. Secured loan from 6-24
months.
NON CONFORMING LOANS: Credit impairment doesn’t affect your ability to
access funds for debt consolidation, refinancing or purchasing a new
property. 105% LVR full doc or 95% LVR Lo doc.
COMMERCIAL LEASING ON ALL ASSETS: Maximum preferred term is 24 months.
Asset purchase or lease back for working capital
requirements. Lease back software or clothes. If you can’t get a
personal loan, do a leaseback
PERSONAL LOANS: Provides access to funds for a new holiday, car or
renovation. Three paid credit defaults are fine with borrowings up to
$15,000.
VENTURE CAPITAL: Raise another $15,000 + on a new/old
franchise. We will go behind a bank on any business.
Note:Fees and conditions apply to all our
products.