When you buy a house and land package, there is a clear fixed cost component that you need to budget for - but not if you buy land to build on.
To avoid costly mistakes later on, there are a few things that you need to be aware of before you purchase your plot of land.
In this video interview on 2UE Talking Lifestyle, Robert Projeski, the Managing Director of AMO, talks about some of the hidden costs when buying land to build on.
The reserve price is the starting price for an auction or the price at which the property is listed. Although it is illegal for agents to underquote or mislead buyers, many Sydney properties still sell above their expected price range. In this short radio interview, Robert Projeski, the Director of AMO explains some of the underlying reasons why people may be willing to pay more.
According to AMO Director, Mr Robert Projeski, the Australian housing market presented complex conditions in 2016.
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Having your home loan application rejected can be very fustrating. But you're not alone. Since the beginning of the Global Financial Crisis of 2007-08, lenders have become more cautious and lending standards have become more stringent. However, not all lenders are the same.
Whether you’re looking to buy your first home, or your next investment property, buying a home requires that you devote a lot of time to researching, attending auctions and open homes - time which some buyers may not necessarily have.
With interest rates at an all time low, many home owners are asking “Is now the best time to fix my home loan?”
While the decision to switch to a fixed rate home loan will vary based on your personal circumstances, there are some great benefits to fixing your rates now rather than later. Mr Robert Projeski, the Managing Director of Australian Mortgage Options, says that Australia’s interest rates are at an all time low and borrowers can get some really good bargains.
“Most of our clients fix at least 50% of their home loan, and leave the other half on variable rate, with most people choosing to fix their rates for around 3-5 years.”
The other benefits of fixing your loan is the peace of mind that it gives you. “It’s knowing what your monthly repayments will be, and knowing that you can pay off your home loan for how ever long you decide to fix your rates for," says Mr Projeski.