Y Partners Blog

When investing in any asset class, each investor has different requirements when it comes to the return they are expecting from their investment. Depending the stage of your financial life you are in, you will have a need for shorter or longer term returns, a focus on monthly income or capital growth or a combination of both but in all cases a key element of property selection for investment purposes is the transition from buying property in an emotion driven 'love affair' with a house to a buying as a prudent financial investment that will deliver what you need in the future. Read more…

Over the last few months in the banking industry we have seen a greater tightening of rules and regulations around lending to non-resident or 'new resident' investors where large banks such as Westpac, CBA and Adelaide Bank have stepped out of certain markets all together. With the raising of stamp duty levies in Sydney (+4%), Melbourne (+7%) and now Brisbane (+3%) for non-residents, it easily seems that the banks, government and regulators are almost dissuading foreign income earners from investing in the Australian property market.
Read more…

For each of us looking to purchase a property with a mortgage, potentially the most restless time is waiting for the bank valuation to come through before we are granted an unconditional approval. But what is the purpose of the bank's valuation and how is it conducted?

The bank valuation is an integral part of the loan process and as well as ensuring the bank is lending you the right amount of money it is also used as an independent tool to ensure that the purchase price you have proposed is somewhat within the current property market price range.
Read more…