Y Partners Blog

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…

The History of 185 Victoria Square

Tomorrow marks 6 months in our new office, at 185 Victoria Square. Our official first day was the 16th of February, and we thought we'd mark the milestone by investigating the history of our building.
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…