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Lenders Mortgage Insurance
31 March 2016 comments M'OR Mortgage Options

Lenders Mortgage Insurance


What is LMI? Lenders Mortgage Insurance (LMI) is a fee charged by the lenders, generally when your deposit is less than 20% of the purchase price. LMI can be paid as a once-off lump sum at the time of settlement but in many cases it is added into the loan amount and paid off over the life of the loan.  This is known as ‘capitalising the LMI’. Why is LMI charged? Even if [...]


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ACT government plans new Tuggeranong suburb near Murrumbidgee River
31 March 2016 comments Rachel Packham, Emma Kelly

ACT government plans new Tuggeranong suburb near Murrumbidgee River


The ACT government plans to create a new suburb west of the Tuggeranong town centre, expanding residential development towards the Murrumbidgee River. ACT Planning Minister Mick Gentleman is to announce plans to redevelop more than 80 hectares of space between Greenway and the river corridor on Thursday. The suburb, likely to be named Thompson, could take up about 190 hectares, including [...]


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National median house price drops but Canberra bucks the trend
31 March 2016 comments Rachel Packham

National median house price drops but Canberra bucks the trend


The national median house price has dropped for the first time in three years, but Canberra has bucked the trend. In the national capital, house prices rose 3.7 per cent in the December 2015 quarter. The latest Real Estate Institute of Australia Market Facts publication, published on Thursday, noted that after 13 quarters of consecutive growth, the weighted average [...]


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Upcoming April Auctions
31 March 2016 comments Symon Badenoch

Upcoming April Auctions


We have a very exciting month ahead with the auction of the following two profile properties; one in the popular Inner North area and the other in the Inner South. Details below;     AINSLIE - 18 Paterson Street Auction - Saturday 16th April, 10am on site  Set amongst established gardens in an enviable location on Paterson Street is [...]


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Northbourne Avenue sale could help transform Canberra corridor
31 March 2016 comments Rachel Packham

Northbourne Avenue sale could help transform Canberra corridor


The sale of a huge slice of prime real estate on Northbourne Avenue could help transform the city’s major corridor into a vibrant thoroughfare.  The 6270 square metre site, which has a price tag of $20 million-plus, has been approved for commercial and multi-unit residential use and most of the interested parties are looking at redeveloping the block for apartment [...]


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Ten percent at day ten rule
31 March 2016 comments

Ten percent at day ten rule


Many novice investors think that they would like to hold out for the highest rent possible before letting the property – even if it means losing several weeks rent. Is this the best way to maximise return? Experienced property investors report that vacancy is likely to cost more than lowering the rent to meet the market. When they actually do the sums, the best return comes from minimising [...]


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31 March 2016 comments REIA

Combating misleading price advertising in Victoria


Victorian Minister for Consumer Affairs Jane Garrett has announced plans to reform the Estate Agents Act 1980 to combat misleading price advertising on residential properties and provide certainty for buyers. Under the new laws, real estate agents will have to provide prospective buyers and Consumer Affairs Victoria with evidence about how they arrived at a property’s advertised price. [...]


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National Affordability Snapshot
31 March 2016 comments REIA

National Affordability Snapshot


NSW NSW is the least affordable state or territory in which to buy or rent. Victoria Is one of two states where the average loan size exceeds $400,000. Queensland Queensland recorded no change in housing affordability over the last quarter of 2015. South Australia Of all Australian first home buyers, 6.0% were from South Australia. Western Australia Western Australia was the only [...]


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Turia Pitt
31 March 2016 comments

Turia Pitt


Natalie and Lucia were very fortunate to recently attend the ‘Business Chicks Breakfast’ which featured Turia Pitt. For those of you who haven’t heard of her or seen her featured on 60 Minutes over the years, Turia was a 25-year-old with double degree in Mining Engineering and Science who landed her dream job with Rio Tinto straight out of university and moved with her high [...]


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Meet The Team - Shantelle Boswell
31 March 2016 comments

Meet The Team - Shantelle Boswell


Shantelle has been part of the Badenoch Team for over 2 years. She works with Symon in the business team providing day-to-day support to the team.    Hometown: Canberra What do you love most about Canberra? How easy it is to get around Most memorable travel experience: Being declined entry into London after not securing accommodation yet, having no reception to book at the [...]


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