Adrian-Carlson_Anne Street PartnersArticle By Adrian Carlson (Head Of Home Loans)


If you’re saving for a property, it can be difficult to know when you have enough money to seriously go looking for your dream home. After all, a home loan is usually the biggest financial commitment you will make. Logic suggests you should save as much money as possible before you start looking for a property. So how much money do you really need to put a deposit on a property these days?

Everyone’s financial and life situation is different, along with their purchase requirements. However, there are certain considerations and general rules that will help you know when you’re financially ready to research a suitable professional lending institution to assist with your purchase.

Most lenders are generally willing to finance home purchases up to 95% of the property value, provided you have an exceptionally strong employment and savings / credit history, along with proof of a consistent savings plan. The loan amount will also strongly influence the lender’s decision. So if the property value is $380,000, you could obtain a home loan with a deposit of $19,000. However, you will also need to purchase mortgage insurance with less than 20% deposit.

If your employment and savings / credit history is not so strong, or you don’t have the ability to service the loan repayments, the lending institution would generally only lend up to 80% of the property value.

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First Time Mortgage Planning:
Planning and saving is very important for first time mortgage buyers. Mortgages can be quite complex to understand if you have not encountered them before! You need to come up with a solid plan for a first time mortgage. It can seem quite daunting at first, but once you start reading and gathering information, you will start to feel more comfortable with the terminology and the overall process.
As a first-time buyer, it is important to gather all necessary information each company that is providing the mortgage as well as the terms and conditions regarding it. First time mortgage buyers must identify the kinds of mortgages offered and learn about the application process, which can be tricky! A mortgage advisor is a good option as they offer independent advice on which mortgage best suits your individual requirements. They can help go through all the necessary paperwork and ensure that you understand all the benefits of each option that is available to you.

Planning a first time mortgage requires knowing about important financial areas such as rates of interest, charges, terms, and the validity of the mortgage. All these factors have considerable influence your final decision. Moreover, you must check for hidden fees involved because costs revealed later prove to be a great burden for applicants. If you are a first time mortgage buyer then you need to get over many hurdles before getting a mortgage.

It is not just about to get the best possible rates. Now, it is about boosting your chances in order to be accepted. Saving enough money for a deposit is important before getting mortgage. A dedicated saving account may prove helpful for you to save and good value interest rate on the mortgage when you will be ready to buy. Therefore, launching a saving account is first step towards getting first time mortgage. There are many companies that can assist you in making most of the savings. After saving a deposit, look for the ways that you manage to pay monthly on your mortgage. We have a team at Anne Street Partners solely dedicated to helping you plan for your mortgage, as well as budgeting. Find out more about first time mortgages from one of your financial advisors today!

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Choosing a property wisely can pay dividends in the long run – providing a trouble free, low maintenance second income. However, there are many factors which you should always consider to avoid your investment becoming an expensive mistake. When you look to make such a significant purchase, consider the following factors:


Getting the right location is one of the most important factors to consider with any property. A key location, in demand often drives increased equity values in the property through capital gain. Furthermore a key location can also help to attract better quality tenants too, who are generally willing to pay a little more to live in a secure, well connected area.

Ideally, it’s worth considering a property that’s as near to good transportation links, amenities and schools as you can afford. It’ll also help with resale values in the long run.

Don’t forget to think about the pro’s and cons of different location factors – such as being near a busy international airport. It might be ideal for business owners, but not so ideal for families with children. Thinking about who your target market actually is will help you settle on the right area for your market.

Don’t forget that public facilities available nearby, such as hospitals, medical centres, libraries and even post offices are great features to help ensure your property remains easy to market. Close proximity to green spaces such as parks shouldn’t be overlooked at excellent points to consider (especially for people who are fitness conscious) when you come to put your property on the rental market.


Getting the right property to fit the right tenant profile is a key consideration. Before you dive into to buy, look at the area and understand a little of its demographics – who actually lives in the area. This is more important that it might initially seem. An example of it is an area that has a strong older demographic, it is more than likely that someone from outside that demographic won’t consider renting your property. If you were aiming to rent in this area, then a property that has long winding staircases probably won’t suit!

Ensure you look at the property for any potential renovations or improvements that might need to be done. It’s always worth getting a professional to check the building for things like rot, termites, leaks, electrical faults, heating issues. Get some advice on how  much these repairs might cost before signing on the dotted line.

A good property is going to be one that has minimal maintenance issues. You might have to do some work yourself, but to increase your returns you want to keep costs down. If the place has recently been rewired or had new appliances fitted – then that would be a big bonus. Also, consider the potential Body Corporate fees you may incur from an apartment. You don’t want your first investment property to be a major renovation project.


Looking at the market will help you decide what makes a good investment property. If you really wanted a good idea, you could even attend a viewing as a tenant to see how those properties are presented. This will give you a much better idea of what makes an attractive rental property.

We at Anne Street Partners can help you avoid making potentially expensive mistakes in any of these areas – talk to us about how to get your foot onto the property ladder.



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In this day and age financial planning is so important. But many of us instinctively opt for live for the moment philosophy. We often think of this as a dull subject, but planning your financial future need not be! By doing so you can do something exciting such as travelling or plan further and ensure you have a rewarding retirement.

Financial planning is a process, which essentially is about setting achievable goals. Taking a look at your own financial resources and looking at your financial needs. From here you can make a suitable financial plan. This plan will help you make wise decisions and help you save for those goals you have made. Our team have years of experience in helping people achieve their desired goals, no matter what your situation is.

This planning can have many benefits. It can help you make wise decisions, if done properly, preventing unwise decisions such as spending beyond your means. In the age of consumer credit it is so easy to get off track.

Financial planning has never been so important. With various things going on in your life, it is an invaluable tool at any age. There can be many objectives to financial planning, which can include: –

  • Getting out of Debt – Often this is one reason why people start financial planning. To access their financial situation to be able to fund actual cutting of debt. Often with a simple bit of planning it is possible to ease the burden.
  • Financing Higher Education – A vital moment in life,  saving for a child’s education. With the rising costs of education, this is an important objective.
  • Mortgages – Buying a home is another costly milestone. It is now getting harder to get a mortgage requiring larger deposits. But with some careful financial planning home ownership can still be a reality for many.

Of course there are other reasons for financial planning. You don’t have to wait to get into debt or face difficulties. The old saying prevention is better than cure could be applied too. Put some money aside for expected big purchases, maybe you are considering a major house repair in a few months time or wanting to take a holiday.

Not only can effective financial planning ease the burden but in the long run could save you money and enable you to plan for your retirement.

Financial planning can seem to daunting and you may not always be so sure that you are making the right decision if it is something you have never considered before.

By getting this assistance of a financial services company they can help you every step of the way. Giving you the right advice will help you make profitable decisions about your future.

For more information on financial planning to suit your needs, please give our team a call freephone 134 977 today!

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It’s a big hurdle, stepping onto the property ladder for the first time.It may even seem at first to be a mission impossible. But there are ways that you be make your first home ownership a reality. With some good sound financial advice and some choices you could be on the path to purchasing your first home.

1. Tracking your money

This is a big one. Actually monitoring your expenditure can help you save faster for your new home. This can actually help you record and monitor what you spend and more importantly where you can save money.

2. Look at your bank accounts

Make sure you are maximizing the saving and capital you have so that your bank account can work harder for you. Could there be a bank account that has a higher interest rate?

3. Renting a smaller place

Ask yourself, whether you could afford to rent a smaller place. Spending less on rent while you are saving for your first home, could lower your rental payments and enable you to accelerate your savings quicker.

4. Look at your bills

By simply paying your bills on time, could save you money on charges and other costs. By paying for them through a debit account rather than by credit card will save you even more. Consider a direct method that doesn’t attract an admin fee.

5. Grants

Are there any grants or other schemes to help home owners? There maybe some schemes in your local area that might help you.

6. Loans

Look at loans, make sure that you are getting the best deal. Simply by getting your interest rate down even a fraction could equate to much lower monthly repayment.

7. Taxes

Ask yourself is there any way you could make the tax system work to your advantage. Could you claim some taxes back or pay a lower rate?

8. Budgeting

By planning your finances better, you could be saving a lot of money in the long run. Perhaps you could set yourself a monthly budget, and then stick to it.

9. Saver Accounts

There are many savings schemes out there that can be your savings work harder. With a variety of savings and investment products you could find a way to boost your savings a little more.

10. Stamp Duty

There maybe an actual saving on stamp duty. This would actually help reduce the actual cost of home ownership.

No matter what your needs are with your new home, with a little bit of financial planning and sound financial advice you can get there. Here at Anne Street partners, we can help you every step of the way – from planning your finances to helping you find investment products to suit you.

Give our team a call today and find out more!

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