Australian property investors nominated their favourite mortgage broker... ATO demands decades of property records in foreign buyer investigation...
Readers choice: Mortgage Broker Of The Year 2015
MPA's sister title Your Investment Property’s 8th Annual Reader’s Choice Awards asked Australian property investors to nominate their favourite mortgage broker.
The winner is Kathy Dundas from No Fuss Home Loans.
How important is it to have a trusted mortgage broker especially in this market?
Dundas: There have been so many changes implemented by lenders in the investment property loan space recently that it can be very difficult to carry out comparisons between the lenders unless you are across all the facts.
Since APRA stepped in to try and curb the level of investor borrowing, lenders are continually changing their policies to ensure that they are working within the new APRA lending guidelines.
This has resulted in each lender having to adopt different strategies to ensure that they comply. In this market it is extremely important for investors to ensure that they engage an experienced and trusted mortgage broker to navigate the loan selection process so that they secure the loan that is going to best suit their purposes – not knowing the lending market at the moment can result in customers missing out on closing a property purchase due to a poor choice of lender.
How does it feel to win this award?
Winning the Readers’ Choice Award is very exciting as this represents an award given to me by my clients. The majority of awards for mortgage broking are industry driven and are based on the volume of loans written, this award is based on my clients’ satisfaction and appreciation of my work – that’s what makes it extra special. It is also confirmation that I am providing my clients with a high level of service and advice. My belief is that for a client to be really happy with the choice of loan they need to understand the options and make an educated decision to go with the loan that really suits their situation.
What readers said:
“Kathy explains everything in plain English and there are no hidden surprises. She offers professional experienced advice on growing your portfolio and getting the best loan for your personal situation. She researches every possible opportunity and helps you weigh up the pros and cons of each loan. Kathy took the time to understand my needs, my unique personal situation and discuss my concerns, then sought out loans to suit these needs. Through her honest communication and professional advice she has given me the confidence to keep adding to my portfolio, knowing she will get me the best loan on offer.”
ATO demands decades of property records in foreign buyer investigation
In just over a week since foreign investors looking to buy Australian real estate became subject to stricter laws, one Federal government department has ramped up its efforts to weed out illegal owners.
The Australian Taxation Office (ATO), which was handed more powers to investigate foreign buyers under the Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015, is set to comb through decades worth of property records in an attempt to discover illegal purchases.
According to a report in Fairfax media outlets, the ATO has asked revenue and land title authorities from all states to provide them with information for the 32-year period from 1985 – 2017.
The ATO has asked those authorities for all the information they have relating to property sales, sub-divisions, land transfers and valuation details from that period.
Read more on page 2...
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Rental bond authorities will also be required to hand over information pertaining to leased properties including rental payments, length of lease, bond amount and landlord details.
The ATO’s request estimates that it will receive 30 million records for each year from revenue and land title authorities and another one million records for each year from rental bond authorities.
In total the ATO estimates it will comb through records belonging to around 11.3 million individuals.
“The property data will be used to assist in the screening of foreign resident real estate applications and compliance activity to ensure foreign residents are complying with relevant laws,” an ATO spokesperson told Fairfax.
According to the ATO, the investigation will help it identify any trends of non-compliance and help it strengthen community confidence in Australia’s foreign investment laws.
MPA's sister title Your Investment Property’s 8th Annual Reader’s Choice Awards asked Australian property investors to nominate their favourite mortgage broker.
The winner is Kathy Dundas from No Fuss Home Loans.
How important is it to have a trusted mortgage broker especially in this market?
Dundas: There have been so many changes implemented by lenders in the investment property loan space recently that it can be very difficult to carry out comparisons between the lenders unless you are across all the facts.
Since APRA stepped in to try and curb the level of investor borrowing, lenders are continually changing their policies to ensure that they are working within the new APRA lending guidelines.
This has resulted in each lender having to adopt different strategies to ensure that they comply. In this market it is extremely important for investors to ensure that they engage an experienced and trusted mortgage broker to navigate the loan selection process so that they secure the loan that is going to best suit their purposes – not knowing the lending market at the moment can result in customers missing out on closing a property purchase due to a poor choice of lender.
How does it feel to win this award?
Winning the Readers’ Choice Award is very exciting as this represents an award given to me by my clients. The majority of awards for mortgage broking are industry driven and are based on the volume of loans written, this award is based on my clients’ satisfaction and appreciation of my work – that’s what makes it extra special. It is also confirmation that I am providing my clients with a high level of service and advice. My belief is that for a client to be really happy with the choice of loan they need to understand the options and make an educated decision to go with the loan that really suits their situation.
What readers said:
“Kathy explains everything in plain English and there are no hidden surprises. She offers professional experienced advice on growing your portfolio and getting the best loan for your personal situation. She researches every possible opportunity and helps you weigh up the pros and cons of each loan. Kathy took the time to understand my needs, my unique personal situation and discuss my concerns, then sought out loans to suit these needs. Through her honest communication and professional advice she has given me the confidence to keep adding to my portfolio, knowing she will get me the best loan on offer.”
In depth: MPA's Hot List for 2015 is out!
MPA's Hot List for 2015 showcases those in the industry that are doing things differently.
MPA's Hot List for 2015 showcases those in the industry that are doing things differently.
ATO demands decades of property records in foreign buyer investigation
In just over a week since foreign investors looking to buy Australian real estate became subject to stricter laws, one Federal government department has ramped up its efforts to weed out illegal owners.
The Australian Taxation Office (ATO), which was handed more powers to investigate foreign buyers under the Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015, is set to comb through decades worth of property records in an attempt to discover illegal purchases.
According to a report in Fairfax media outlets, the ATO has asked revenue and land title authorities from all states to provide them with information for the 32-year period from 1985 – 2017.
The ATO has asked those authorities for all the information they have relating to property sales, sub-divisions, land transfers and valuation details from that period.
Read more on page 2...
#pb#
Rental bond authorities will also be required to hand over information pertaining to leased properties including rental payments, length of lease, bond amount and landlord details.
The ATO’s request estimates that it will receive 30 million records for each year from revenue and land title authorities and another one million records for each year from rental bond authorities.
In total the ATO estimates it will comb through records belonging to around 11.3 million individuals.
“The property data will be used to assist in the screening of foreign resident real estate applications and compliance activity to ensure foreign residents are complying with relevant laws,” an ATO spokesperson told Fairfax.
According to the ATO, the investigation will help it identify any trends of non-compliance and help it strengthen community confidence in Australia’s foreign investment laws.
In depth: BDM in the spotlight: Matthew Parsons
Homeloans BDM for SA/NT, Matthew Parsons was a part-time bar person while completing his Bachelor of Commerce.
Homeloans BDM for SA/NT, Matthew Parsons was a part-time bar person while completing his Bachelor of Commerce.
