Empower Blog Borrowing Power

Beating The Lending System

Hi, Ben Kingsley here with another How to Session. This one is a little bit more of a serious How to session because I want to talk about potential fraud in regards to lending fraud. Now we've seen the APRA which is the Australian Prudential Regulation Authority make some significant changes to the way in which consumers can borrow money to invest...

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Should You Buy A Property With Someone Else?

The question I'm often asked, “Should I buy a property with someone else?” Because I mean, it sounds like a good idea. It is a high-value transaction, and it can seem a little bit daunting to do it on your own. So we've got to have a look at our options. The first one is, if I buy it with someone else I can buy it as Joint Tenants. The most ob...

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Is the Australian Property Bubble about to Pop?

Hi Ben Kingsley here and in this Empower Wealth How to Video session, I want to talk about whether the Australian Property Bubble is about to pop. Well, the first question is, are we actually in a bubble at all? We've seen the Sydney and Melbourne property prices go very strongly over the last 3 or 4 years. And that is an interesting point, isn't i...

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Property for $250 a week

Is it possible to own a property for $250 a week? In this Money Magazine's Special Edition 2016, Ben Kingsley said yes and will be briefly demonstrating how he come up with this figure, the loan structure to put in place and what investment formula you can use to ensure you purchase an investment grade asset that would work well with this strate...

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A Home Is Not Just a Home: The Process of Buying a Home with an Investor’s Mindset (Part 1)

Buying a home is one of the most important financial decisions you’ll make in your lifetime. Some people live in the same property for the entire life and build a lifetime of memories in there while others tend to move from one property to another depending on their life circumstances ie: an expanding family or a change in career. Whichever group...

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Who Do You Take Your Advice From? | Free vs Fee

So the question is, who do you take your advice from when you are buying an investment property? There's really two side of the equation in this industry; someone who is prepared to give you the information for free versus someone like a Buyers Agent who is prepared to charge you a fee for service but the difference is this person who is giving you...

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Property Investment Doesn’t Have To Be Hard: Read These Six Tips

In today’s current economic environment, building wealth and saving for a comfortable retirement has become more and more difficult. Simply saving a portion of your income or relying on a pension was never adequate to fund a person’s retirement in Australia and so, the Superannuation system was introduced by the Keating Labor government. Now, h...

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Property Investment Formula to build a Passive Income for Life

In the Melbourne Home Buyer and Property Investor Show 2014, Bryce Holdaway – presents The Property Investment Formula How to Apply it to build a Passive Income for Life. Bryce is a Partner and Buyers Agent of Empower Wealth and co-host of Location Location Location Australia on Foxtel’s Lifestyle channel and possesses over 14 years experien...

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What do the Banks look for when Lending Money?

So you are thinking about actually getting a loan? What is it that the Banks are going to be looking for in terms of being able to lend you money for a mortgage? There's actually 5Cs that allow them to do that. Character, Capacity, Conditions, Collateral and Common Sense. So let's explore all five! The first one is Character. When they are talki...

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How much Money can you borrow?

So how much money can I borrow? It's a question we all ask ourselves from time to time and it's a good question to ask and from a Lender's point of view it's a question around serviceability. So when they're talking about serviceability they're actually saying that here's the household income coming in, here's the expenditure that we've got associa...

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Property with $0 Deposit

Saving a deposit to buy your first property is one of the hardest things for most of us to achieve, especially if we are paying hefty rents in the meantime. Take, for example, the Sydney property market, where (as of time of publication) the median dwelling price is $660,000 and you need a hefty $132,000 for a 20% deposit. By the time you save...

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What Contractors and Self Employed Borrowers Need to Know

Borrowing money as a contractor for self employed person is not as straight forward as borrowing money when you are a PAYG employee.  In fact the levels of lending policy extremes when comparing PAYG and self employed or contractors is great. At one extreme end, PAYG employees can seek to secure a Home loan with some lenders as early as getting...

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Ben Kingsley on 10 Home Buyer Traps

Buying your home will undoubtedly be the biggest purchase you'll ever make, so you want to make sure you get it right. In the November 2012 Issue of the Money Magazine, Ben Kingsley is interviewed to provide the Top 10 Home Buyer Traps, identifying the most common Mistakes/Pitfalls that home buyers can make. Amongst the common mistakes that Ben lis...

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