The post Truck finance for new business appeared first on Oak Laurel.

Truck finance for new business startups

Truck driver can get finance for their new truck business!

Are you a truck driver? Chances are that you are working for a trucking company. If your trucking company does not treat you well and pay you enough maybe you would be better as a self employed truck driver. As a self-employed truck driver you could be making your own decisions about when and where you work and which jobs you accept and at what rate. But maybe you don’t own a truck, so how can you run your own trucking business without out a truck? Well you probably can’t run a trucking business without a truck but Oak Laurel can help you to finance a truck so that you can start your own trucking business!

Maybe you thought that you needed to have a proven trucking business with complete financial records before the banks and lenders would give you a truck loan! Well that is not always the case! Oak Laurel finance brokers can often arrange funding for new truck businesses that do not have any financial records.

Oak Laurel finance brokers get the tough loans approved! When you have been told NO by the banks we can often get you a yes from one of our specialist lenders who are more understanding and flexible that the traditional banks and lenders that you are used to dealing with.

Do you have bad credit? Oak Laurel can often still arrange a bad credit truck loan for you! The cost of a bad credit truck loan may be a little more than  if you have a clean credit file but if it gets you the funding you need to get you business going or keep your business then it may be worth a little extra cost until your credit file cleans up again!

Whatever your situation contact Oak Laurel to see what we can do for you!

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The post Happy Australia Day 2016 from Oak Laurel appeared first on Oak Laurel.

Happy Australia Day 2016

Happy Australia Day 2016!

Here at Oak Laurel we wish everyone here in Australia, and abroad, a Happy Australia Day 2016!

We hope that all you Australians enjoy the day off (or your extra pay rates for working on a public holiday if you are working). Today is a great day to spend with family and or friends to celebrate being Australian and the wonderful country that we live in!

Here are a few fun facts about Australia Day

Australia Day is celebrated on the 26th of January each year. Australia day is a day off for most Australians as it is a public holiday.

Do you know what Australia Day really symbolizes?

• The first Australia Day was January 26, 1808 marking twenty years since Captain Arthur Phillip, a Royal Navy officer, the first Governor of New South Wales and founded the British penal colony that later became the city of Sydney, Australia, raised the flag at Sydney Cove.

• In 1818 Lachlan Macquarie was the first Australian Governor to hold the first “official” Australia Day celebrations. It marked thirty years of European settlement in Australia.

• In the early part of the nineteenth century, Australia Day was called “Foundation Day” and was typically marked by sporting events including horse racing and boat races.

• On the 50th anniversary of the Sydney Cove landing, New South Wales was the first colony to declare Australia Day as a public holiday in 1838.

• By 1888 nearly all of the colonies had declared a public holiday to celebrate Australia Day, but it wasn’t until the 1940’s that January 26th was agreed upon by all states as the proper day to celebrate.

So, we hope that you enjoy Australia day and can appreciate what you are getting a day off for.

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The post Residential Construction Commencement Quarterly Record appeared first on Oak Laurel.

Residential construction commencement levels reach new high

Residential construction commencement levels in Australia have reached a new quarterly record high during the September quarter.

Australian Bureau of Statistics data shows that across Australia 55,532 dwellings commenced in the three months to the end of September 2015. This is an increase in construction commencements by 0.5% compared to the June quarter. Nationally across the previous 12 month to the end of September 2015 construction commencements rose by almost 11% to 215,329. The year to end of September value is 15% above the previous record of ~187,000 new dwelling commencements in 1994.

At the national level new dwelling commencements may have reached new highs but on a State by State basis the levels varied greatly.

Construction commencements by state were as follows:

• Northern Territory +17.4%,
• New South Wales +2.4%,
• Western Australia +1.7%,
• South Australia +1.2%,
• Australian Capital Territory +0.4%,
• Queensland -1%,
• Victoria -3.8 %,
• Tasmania -20.7%.

The Housing Industry Association has forecast that in 2016 Australian will maintain strong levels of new dwelling commencements though unlikely to reach new highs.

It is forecast that 2016 will bring a change in the mix of what is built and large geographical divergences across states and territories.

It is forecast that there will be increases in the short term for: detached houses; semi-detached dwellings (of two storeys); and units of one or two storeys. Geographically, the eastern seaboard markets are likely to remain strong, with some potential for the southeast corner of Queensland but New South Wales and Victoria remaining the strongest housing markets.

Oak Laurel Mortgage Brokers – Construction loans made easy!

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The post Melbourne property prices on upward trend appeared first on Oak Laurel.

Melbourne property prices show clear upward trend

Melbourne property prices show a clear upward trend after hitting a low point after previous highs at the end of November 2015. As of 20 Jan 2016 Melbourne property prices are just shy of the previous record highs that occurred at the end of October 2015 according to property price monitor core logic.

Sydney property prices continue to soften and may be plateauing. No definitive trend can be observed in Perth’s property prices over the past few months. Brisbane has shown a general upward property price trend since mid 2015 but has dipped off previous high seen towards the end of December 2015. This follows data that Melbourne’s rent prices are rising in Dec 2015.

It should also be noted that this is the time of year when property sales (both auctions and private sales) are lower than average. When the peak selling and buying season arrives we will be able to get a fuller picture of where the property market is heading and at what rate.

“The data shows prices show a moderate and steady increase in the property prices in Melbourne with nothing for policy maker to be worries about” said Dr Nigel Abery (Ph.D.)

“Melbourne appears to be the best performing property market in 2016 with prices and rents increasing at a moderate and sustainable rate.” said Dr Abery

“It is important that property investors remember that the capital cities are not homogenous property markets, some suburbs will be increasing whilst others decreasing in price.” said Dr Abery

“Property is a long term investment. Australia’s population growth make investing in property in Australia’s major cities a sensible choice. These small rises and falls in property prices observed recently will seem insignificant over the longer term.” said Dr Abery

Are you looking to finance a property purchase or refinance your existing loans?

Contact one of our mortgage brokers in Melbourne or wherever you are to assist you with your finance.

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Mortgage brokers in Melbourne

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Oak Laurel Mortgage Brokers – Loans made easy!

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The post Commercial property purchases popular among foreign buyers appeared first on Oak Laurel.

Commercial property purchases popular among foreign buyers

All of the focus on foreign ownership has been on residential property and the Government forced the sales of foreign owned residential property has made front page news. However, not much attention has been focused on foreign ownership of Australian commercial property. Commercial property in Australia remains as popular as ever according to an analysis by CBRE.

Figures show that the sale of office, industrial and retail property valued at over $5 million totaled $28.4 billion during the 2015 calendar year. 

These values are only 4% less than 2014’s  record sales of $29.6 billion.

According to the CBRE’s analysis, 2015 had the greatest market share of foreign investors investing in commercial property with $11.7 billion in purchases equating to 41% of the total commercial property sales in Australia.

It has also been observed that Australian investment is also flowing offshore in what is now a globalised market place.

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Oak Laurel – Construction loans made easy!

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The post Construction home loans appeared first on Oak Laurel.

Construction home loans – Build your dream home

Building your own dream home can be an exciting adventure for you, but it can also be fraught with problems. The last thing you need is a problem with your finance delaying your settlement or holding up progress on the construction and costing you time and money. This is why it is so important to use a mortgage broker that understands construction home loans.

Some people feel that the personal relationship that they have with the lending manager or bank manager at their local branch will solve all of their problems when it comes to borrowing money. However, there are certain limits that your local bank branch staff have when it comes to offering you the best alternative. Primarily is that they can only offer you a limited range of loans, the loans that their bank sells.

At Oak Laurel we have access to a wide range of lender and this give you more construction loans to choose from. Not only that our mortgage brokers understand construction loans, so not only will they be able to find a construction loan package that meets your needs but they will be able to guide you through the process construction loan process so that you don’t make a costly mistake.

The convenience of working with an Oak Laurel mortgage broker can far outweigh working with your local bank branch staff. Furthermore, because Oak Laurel brokers have access to a wide range of lenders, more than most of the mortgage broker franchise brokers have, we have options that they can’t offer you.

Construction home loans are more complex and require more time and effort to assess and get approved than regular home loans. This is because the lender is assessing and approving something that is not yet built. There is also a lot more paperwork that needs to be assessed and approved. This can include, contract of sale, the building contract, builders specifications and council approved plans, along with all the other documents usually required to assess a home loan. Therefore it helps if your broker understands the intricacies of construction loans and the policies of the different lenders.

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Oak Laurel – Construction loans made easy!

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The post Is There an Advantage in Using a Finance Broker to Help with Commercial Property Finance? appeared first on Oak Laurel.

Using a Finance Broker to Help with Commercial Property Finance?

If you are in the process of considering the purchase of commercial property, you might want help with commercial property finance from a finance broker who can offer to you access to some of the best loans and interest rates in the marketplace.

A finance broker who specializes in commercial mortgages, could be just the thing for you as you will be able to really compare loan packages and choose one that will fit your set of circumstances and needs very well.

By specialising in a niche area, a finance broker can help with commercial property finance by bring to the table tools, connections and resources that can bring forth financial products that meet your specific situation.

A finance broker operates as an independent agent and will set up financial negotiations and arrangements for loans for property and other ventures as needed. It is possible to put together packages of separate loan entities in order to make a total package that works in best interest of the client.

By using a registered, licensed and experienced finance broker, you as a prospective commercial property purchaser, will have access to a wider range of commercial property mortgages than would have otherwise been possible. A good finance broker will help you scour the market and present you which competitive loan options that meet your needs.

The advantage is that instead of having only a few packages to compare, you will have literally hundreds from which to choose. A good finance broker will also have access to different specialist lenders and loan products. For example for people who have some past or present credit issues; don’t meet regular lenders’ lending criteria. Furthermore, using a good finance broker can allow you access to commercial property loans that do not require annual reviews of your capacity to service the loan or the property value.

You could liken a finance broker to a boutique shop who specialises in the proper fit of a product to the express need of the customer, and in this way you have more choice and a better product in the end.

Unfortunately in Australia comparatively few commercial property loans are taken through finance brokers compared to mortgage brokers. People and companies getting finance for their commercial property still believe that options they can get by going to their local bank branches are the best and are missing out on most non-bank lenders.

At Oak Laurel we believe that we can help most commercial property buyers to get a better finance deal than they would otherwise.

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Oak Laurel – Commercial property finance made easy!

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The post Melbourne rent prices at record highs appeared first on Oak Laurel.

Melbourne rent prices reach record highs in December 2015 quarter

Melbourne rent prices reported at record highs in December 2015 quarter.

The median house rent price in Melbourne has hit a record high as vacancy rates drop.

According to the domain rental report for the December 2015 quarter, the annual rent growth for houses, was 5.3 per cent, and units was 2.8 per cent.

Melbourne’s median weekly asking rent for houses reached a record $400 increasing by $10 over the December 2015 quarter.

The median unit rent was steady at $370, likely due to the higher volume of apartments coming online, especially in Melbourne’s Central Business District (CBD).

Melbourne’s eastern suburbs are leading the rental price surge. Suburbs with good schools showing having higher rental gains.

Reduced investor activity and overseas and interstate migration are thought to be among the key factors in the supply and demand equation in leading to the rental price rises in Melbourne.

Melbourne is not the only state capital city to have record high rents. Adelaide, Hobart and Canberra joined Melbourne in braking previous rental price highs. Australia’s other State capital cities were flat or decreased.

Higher rental prices are likely to make it more difficult for potential first home buyers to save a deposit as more of their income is spent on rent. This is likely to increase demand further for guarantor home loans where family help first home buyers to get into the property market and low deposit home loans.

Are you looking to get out of the rent trap? Contact Oak Laurel about a home loan that meets your needs.

Contact one of our mortgage brokers in Melbourne or wherever you are to assist you with your finance.

Mortgage brokers in Adelaide

Mortgage brokers in Brisbane

Mortgage brokers in Canberra

Mortgage brokers in Melbourne

Mortgage brokers in Perth

Mortgage brokers in Sydney

Oak Laurel Mortgage Brokers – Home loans made easy!

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