Nov 13, 2017
Real estate is a game of finance with some properties thrown in the middle.
And the finance landscape is changing in front of our eyes.
So in today’s show I chat with finance strategist Andrew Mirams about the changing world of finance.
Clearly there have been a lot of changes brought about by APRA in the last couple of years which have significantly changed the playing field for property investors, creating a lot of challenges.
So listen in as finance strategist Andrew Mirams helps us work through some of the difficulties of getting financing today as well as explaining the big difference between serviceability and affordability.
We also talk about what is happening with interest only loans, LVRs, and how friendly the banks are, along with how to work the banking system.
And Andrew explains what to do if the bank changes your interest only loan, financing for expats, the self-employed, and self-managed super funds.
Plus what we discuss what you should and shouldn’t be worried about with the changing financial landscape.
Key takeaways from today’s show - 12 Things Property Investors Need to Know About the Changing Financial Landscape
Links and resources:
“Real estate is a game of finance with some properties thrown in the middle.” Michael Yardney
“If you can’t get more finance, you are going to have real challenges moving up the property ladder.” Michael Yardney
“We are coming to a stage where double or even single digit capital growth isn’t assured so borrowing discipline is important.” Michael Yardney
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