FIVE REASONS TO CONSIDER WHITE-LABEL LOANS 21st February, 2017Share facebook twitter googleplus linkedin mail A white-label loan is essentially a home-branded loan, much like the home-branded products you see in the supermarket aisles. Like these products, white-label loans aim to deliver many of the same great features as bank-branded home loans, but for a lower cost to you the customer. A trend seen in supermarkets over recent years has been not only an increase in the range of white-label options on offer, but also an increase in the quality of those products. This trend has continued to the extent that white-label products are now frequently of equal, or near equal, quality as their branded counterparts. In the same way, banks across Australia provide ‘unbranded’ mortgage products to brokers, which increases the range of options within the market and offers customers competitive rates to generate valuable savings. Ultimately, it’s still a high quality product and service, just re-branded with a different name. Here are five reasons why should you consider a white-label loan Simplicity is key in white-label products, and they are perfect for home-buyers looking for a straight forward variable or fixed rate loan. White-label loans are quality, cost-effective and flexible. They offer you all the features you need (like redraw, debit card access and a customer care facility) in a home loan, and you don’t have to pay for additional features you are unlikely to use. Through white-label, you essentially receive a better deal because it’s not branded with the name of a big bank and doesn’t carry the cost of providing access to an expensive branch network that you may not need. It’s like a reward for shopping around, and doing your research through a broker. You can only access white-label loans through your broker – this means you are getting access to a product many in the market aren’t aware of, and you can take advantage of your broker’s expertise and guidance. Saving on price does not mean you are compromising on quality or service. Through white-label, you still get access to expert support teams and the facilities to give you quick turnaround times.

For some reason, commentators don’t often talk about the sheer size of the housing credit market in Australia. In fact, there was $33.2 billion worth of home loans settled in Australia in November alone. That was an all-time record, beaten only by the December result, in which $33.4 billion was settled. The twelve months prior had seen a mind-boggling $383.5 billion worth of loan settlements. But it’s the composition of that funding, rather than just the size, which is increasing pressure on the Reserve Bank.

How much extra is your Big 4 mortgage costing you? So, what if I told you that an Australian mortgage holder who had stuck with a Big 4 bank over the last 10 years had paid an extra $22,908 in interest on a $500,000 loan than if they had sought out a more competitive loan?With Interest rates at an all time low, there has never been a better time to Refinance

Perth market commentary January 2017 has seen an increase in the media reporting on good news in the Perth property market, that we are finally seeing increases in the average house price and that the cycle of gloom and doom is at an end. We have certainly seen an increase in values, with the average dwelling price climbing back 2.1% over the last 3 months according to the statistics released by CoreLogic's latest National Media Release. According to CoreLogics's Head of Research, Tim Lawless "Buyers still have a great deal of leverage in these markets, with listing numbers remaining high, long selling times and high rates of discounting". CoreLogic is considered one of the more highly reputable sources of information when it comes to property data and many people look to their findings when assessing the market or reporting on it themselves. Despite this developing change in the public's perception of the Perth market, there are still (and always will be) many things to be mindful of before purchasing. Firstly, the increase in values of 2.1% is a blanket average for greater metro Perth, so not all suburbs have reported an increase yet. This was the same with the significant drops we saw in the market during the crash, different areas perform unsurprisingly - differently. There are sub-markets within the market and certain suburbs, zones, school catchments or whatever you prefer to call them will always perform better than others. Identifying these areas is only the beginning. Then there is the fine tuning of evidence, deciding what particular type of property is suitable for your needs, what is performing best for that area and why? Is it a long term sustainable investment with foreseeable increase in value based on a plethora of other factors? There is so much more to consider than just the news we see reported in the media and for every investor it is a different scenario of what will work best for them. Buying property is a highly personal investment and for many, one of the biggest financial commitments of their lifetime

The quiet property market actually provides positive opportunities for potential investors and tenants because it offers more choices, less competition and more room to negotiate. With more properties available, buyers can take their time and assess all their options to find a property that ticks the right boxes – for both their investment and their tenants. Broaden your horizon It pays to expand your scope and hunt around suburbs you may not’ve originally considered to find suburbs that are consistently performing well. According to Domain Group’s House Price Report for September 2016, Lakelands and Doubleview are two examples of suburbs that are enjoying strong quarterly growth. Located 65 kilometres from Perth’s CBD, Lakelands was the only suburb to register a median price increase in the September quarter. While, Doubleview, in Perth’s north-west, showed a positive increase in prices in the last six months. Long-term view While population growth has slowed, Perth is still continuing to grow at the fastest rate of all Australian capital cities. And despite the current ‘correction’ that appears to be taking place in Perth’s real estate market, it is not likely to decline in the long term. And that’s what property investment is about – you have to commit to the long haul. Time in the market It is no surprise that interstate and overseas buyers are looking to capitalise on Perth property prices. However, regardless of the market, it’s important for investors to realise that successful investing in real estate is not about timing the market, but time in the market. If you do your homework, and purchase an investment property in a location that both appeals to tenants and has strong growth drivers, you can be confident in your investment no matter the state of the real estate market. So, if you’re starting to think about how to capitalize on Perth’s property market, GIVE ME A CALL 0427947480 but you probably will neeed to implement the following CREATE YOUR WEALTH PLAN & INVESTMENT STRATEGY ASSESS YOUR FINANCIAL POSITION & FIND THE RIGHT LOAN RESEARCH THE MARKET & CREATE A SHORTLIST MINIMISE RISK & CONDUCT DUE DILIGENCE ADD VALUE TO INCREASE RETURNS

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Rob Coales - Liberal for Thornlie

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Rob Coales - Liberal for Thornlie

Rob Coales - Liberal for Thornlie