In his second interview, Erik Bigalk speaks with leading property finance expert Robert Projeski, founder and managing director of Australian Mortgage Options (AMO), looking at what drives unit/apartment market trends and what we can expect into the future.
Whether we consider apartments from the view point of tenant, owner occupier, investor or property developer, it is clear that the development of medium-high density housing offers broad appeal and is an effective way to curb the housing shortage in Australia.
Throughout the life of a mortgage people’s situations do change. As a result it is always wise to get a ‘health check’ on your mortgage to see it is still relevant to your circumstances and up-to-date.
In this second part of our 10 Point Mortgage Health, we discuss final points to consider to see if your home loan it is still relevant to your needs, lifestyle and financial situation.
With interest rates at an historic low of 2%, and with less competition in the property market due to the adoption of strict APRA lending standards, opportunities in Australia's hot property market abound for 2016.
Fixed and variable rate home loans might be the greatest differentiation between mortgage types, but there are a whole host of specialised products designed for different circumstances.
“How can I recycle debt?” you may ask, and what is the difference between “bad debt” and “good debt”? Australian Mortgage Options’ managing director Robert Projeski sheds some light on the topic and explains how we can turn “bad” debt into “good.”