EK Capital

Congratulations to EK CAPITAL Director, Eren Kutup who placed eighth nationwide for loan settlements in 2022.

We invite you to experience the EK CAPITAL difference.

For a free home loan check: [email protected]

From next year, some first home buyers in NSW will be able to choose between paying the lump sum of stamp duty or an annual land tax.
While first homeowners will be the only immediate beneficiaries, NSW Treasurer Matt Kean was not shy about voicing ambition to extend it.
"This is the first step in making sure that we start testing the waters for tax reform in New South Wales," said Mr Kean.
Under the plan first home buyers purchasing a property up to $1,500,000 can opt to pay an annual fee of $400 plus 0.3 per cent of the land value.

Source: https://www.abc.net.au/news/2022-06-22/nsw-government-stamp-duty-land-tax-reform-explained/101171810

Five ways to respond to rising interest rates.

1. Don’t panic. Your lender wouldn’t have approved your mortgage unless it was convinced you could cope with a series of rate rises. So unless your financial position has deteriorated since then, you should be able to cope with higher repayments.

2. Get ahead of any problems. If you think you might struggle to keep making your repayments, contact your lender now to discuss your options. It’s important you make contact before you miss a repayment, not after, because the more warning you give your lender, the more flexible they’re likely to be.

3. Budget for rate rises. Assume your mortgage rate will rise by 2 percentage points. Calculate what your new monthly repayment would be and start paying it now. You can put the extra money into an offset account, a redraw facility or a special savings account.

4. Improve your savings rate. Look for ways to increase your income and reduce your expenses.

5. Switch to a better loan. The home loan market is intensely competitive, which is why lenders often charge new borrowers lower interest rates than loyal customers. So you could make big savings by refinancing to a lender offering a comparable loan at a lower rate.

If you have any questions or would like to review your current financial position, please contact us: [email protected]

Sydney house prices rose 29.6 per cent last year, adding nearly $1,000 each day or a total of $359,616 in 12 months, while Canberra prices climbed by about $700 daily, in a year of extraordinary property price growth, the CoreLogic December home value index shows.

Source: https://www.afr.com/property/residential/sydney-house-prices-grew-1000-a-day-in-2021-20220103-p59lgx

The meteoric rise of property values during the COVID-19 pandemic has pushed the median price of a Wollongong home above $1 million for the first time.
The latest data from Corelogic revealed across the Illawarra property prices have increased by 28 per cent in the past year, gaining on average $211,000 in value.
"This is the strongest rate of growth we have seen, at least at a broad level, since the late 1980s," said Corelogic's head of research Tim Lawless.
"We are seeing that rate of growth has held higher for longer across the Illawarra region — one of the first areas around regional Australia to really show a strong accelerating trend."

Source: https://amp.abc.net.au/article/100594886

SOLD: Our loyal client has secured this brand new investment property situated 18km South of Brisbane CBD with an expected rental yield of 4.8%.
Our client used the equity in their first investment property, also sourced through EK Capital, to secure the second property.
Our team is confident this advisedly selected investment will be a great addition to their portfolio.

For more information on tailored property investment opportunities: [email protected]

New research from online data platform True Savings found Australians are paying more than $3.6 billion in so-called "lazy taxes" every year.
"A lazy tax is the penalties you pay if you are complacent, you don't shop around, you don't negotiate, you don't re-finance," Today finance expert Effie Zahos said.

For more information on finance: [email protected]

Source: https://www.google.com.au/amp/s/amp.nine.com.au/article/cc05018f-baaa-4393-877c-0346aae77af7

EK CAPITAL Managing Director, Eren Kutup has been awarded Elite Broker Status with Commonwealth Bank. To achieve elite status, Eren has proven to consistently provide an exceptional experience for his customers, reflected in his high quality submissions.

We invite you to experience the EK CAPITAL difference.

For a free home loan check: [email protected]

SOLD: Anthem Essendon presents the complete contemporary lifestyle package. Three state-of-the-art residential buildings, separated by three community garden spaces, and a complex of exclusive entertainment, well-being and self-care facilities. Combined with a thriving ground level retail hub, Anthem delivers an all-in one community neighbourhood that complements and enhances your daily life.

For more information on property investment opportunities: [email protected]

Thirty thousand more Aussies will be eligible for the government’s various first home buyer schemes, with the government also announcing expanded property price caps for homes purchased under the First Home Loan Deposit Scheme and the Family Home Guarantee.
“With the 30,000 new places available from 1 July, now is the time for potential applicants to contact a participating bank or mortgage provider and get their applications underway.”

For more information on property investment opportunities: [email protected]

Source: https://www-smartpropertyinvestment-com-au.cdn.ampproject.org/c/s/www.smartpropertyinvestment.com.au/buying/22829-govt-ups-price-caps-for-home-purchases-under-several-schemes/amp

Australia’s regional housing market has far outpaced price growth across capital cities in the past 12 months, with values more than doubling.
CoreLogic quarterly data on country areas released on Tuesday shows residential property prices jumped 13 per cent compared with a 6.4 per cent gain in capital cities.

Source: https://www.google.com.au/amp/s/amp.news.com.au/finance/real-estate/regional-housing-market-remains-red-hot-with-prices-more-than-doubling-capital-city-gains/news-story/6a10d049bbabe725271a9ec0fbeab4a8

SOLD: Queensland topped the Australian interstate migration count with more than 25,000 residents relocating to the Sunshine State in 2020.
This particular investment property, located in the Moreton Bay Region, has a gross rental yield of 5.13%. Moreton Bay is one of Australia’s fastest growing regions and is expected to grow by 240,000 residents by 2041, which is a 50% increase.

Our team is confident this advisedly selected investment property will be a great addition to our Client’s portfolio.

We invite you to experience the EK Capital difference.

For more information on property investment opportunities: [email protected]

The trend of “rentvesting” – where customers choose to continue renting the property in which they live but buy a property elsewhere as an investment – has been on the rise as Sydney property prices continue to spiral and vacancy rates keep prices steady in the rental market.
Many see the rentvesting strategy as a way to get their money into something for their future while maintaining the kind of lifestyle that inner city living affords.
Rentvesting is not a new idea, but it has taken off in recent months as Sydney’s property prices leave the tier of consumers that might want to buy in the city unable to get onto the property market where they live.

Source: https://www.brokernews.com.au/news/breaking-news/rentvesting-rates-rise-as-sydney-property-prices-force-buyers-elsewhere-276080.aspx

A study by property research group CoreLogic – which explored property values over the decades – has revealed that the average value of dwelling (houses and apartments) has grown from $141,468 in 1990 to $581,806 in 2020.
Sydney has led the cities in terms of growth, with the median dwelling value rising from $180,014 in 1990 to $870,583, while Melbourne prices have grown from $141,160 to $700,230 over the last 30 years.

Source: https://www.theadviser.com.au/breaking-news/41417-home-values-up-400-in-30-years-study

SOLD: A custom tailored investment property carefully sourced using sound strategies and the latest property market research.

We invite you to experience the EK Capital difference.

For more information on property investment opportunities: [email protected]

Wallowing in the property market doldrums for the last 10 years, Perth has suddenly shot back into the spotlight with some of the country’s strongest price growth and fastest-rising rents.
Last year, it was the lowest-ranked Australian city in Knight Frank’s Prime International Residential Index, with the annual price growth of luxury homes a sluggish 0.9 per cent.
Now, it’s the top city, at 3.6 per cent, compared with the Gold Coast’s 3.2 per cent, Sydney’s 1.1 per cent and Melbourne’s 0.9 per cent.

Source: https://www.domain.com.au/news/perth-how-this-once-sleepy-market-has-been-thrust-into-the-investment-spotlight-1031910/

Australian home values surged 2.1% higher in February; the largest month-on-month change in CoreLogic’s national home value index since August 2003. Spurred on by a combination of record low mortgage rates, improving economic conditions, government incentives and low advertised supply levels, Australia’s housing market is in the midst of a broad-based boom.

Source: https://www.corelogic.com.au/news/Feb21Index

FINANCED: We sourced finance for two investment properties in South East Queensland for one of our returning clients from over seven years ago.
With approval secured and finance due COB today, our client will enjoy a stress free settlement.

For more information on finance: [email protected]

The Reserve Bank of Australia (RBA) has signalled that record-low interest rates are set to remain until 2024 at the earliest, bringing the cost of borrowing down to half of what it was at the same time last year.
As such, experts believe now is the perfect time to buy property, with some going as far as to call it a “once-in-a-lifetime opportunity”.
“Financial conditions like this don’t emerge all the time. That’s why anyone looking to build a property portfolio should be seriously investigating that now.”

Source: https://www-smartpropertyinvestment-com-au.cdn.ampproject.org/c/s/www.smartpropertyinvestment.com.au/buying/22263-the-stars-are-aligned-for-first-time-property-investors/amp

REFINANCED: We recently refinanced two investment properties for our valued client. We sourced a fixed interest rate of 2.89% for 3 years, interest only for 5 years. Our client will save $1600 per month plus she will also receive $2000 cash back at settlement.

For more information on finance: [email protected]

SOLD: Situated only 17km north from Brisbane CBD with a rental yield of 5.44%. Our team is confident this advisedly selected investment property will be a great addition to our Clients portfolio.

For more information on property investment opportunities: [email protected]

One strategy to build a property portfolio through property relies on equity. Owners can leverage the growth in value of their own home to purchase another property, potentially repeating the process as the value of the next property rises.
By accessing equity to use as a deposit, home owners may be able to invest without contributing cash from savings. The balance of the purchase is funded with an investment loan, with rent covering or potentially exceeding repayments, creating passive income.

Source: https://www.domain.com.au/money-markets/how-to-use-equity-to-pay-for-a-car-boat-wedding-holiday-or-investment-property-1000019/

Interest rates are at an all time low. For more information | [email protected]

Located in the inner-metropolitan Melbourne suburb of Southbank, Australia 108 has been officially ‘topped out’ with its roof complete and its glass façade now reaching its highest levels.
This milestone has taken five years after piling work started in November 2015.
The entire 100th floor of Australia 108 sold at record equaling $25 million asking price to a Chinese businessman in April 2015.
Source: https://www.propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/114289-australia-108-officially-becomes-the-tallest-residential-tower-in-southern-hemisphere.html

Majestically perched atop a canyon with unobstructed views of Bel Air, this newly built, hillside compound dubbed UNICA spans over 40,000 square feet and completely redefines ultra-luxury living.
With its $100 million asking price, UNICA has joined the rarefied air of nine-digit price tags.

Free home loan check | [email protected]

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EK CAPITAL is a locally owned Finance Company offering bespoke finance and property services.