A warts-and-all look at the assets held by the Smart Property Investment team
By Reporter
22 July 2021
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1 minute read
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With the property market in full swing and the cost of debt falling, The Smart Property Show thought it was a great time for another portfolio market update, but from a financial perspective.
Joining the owner of the Smart Property Investment Portfolio, Phillip Tarrant, KHI Partners chair Munzurul Khan makes an appearance on The Smart Property Investment Show for a warts-and-all look at the current state of assets from multiple perspectives.
Starting with a $250,000 investment, Munzurul discusses how the portfolio is now self-sufficient, netting the owners around $3.4 million.
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Could the ‘outstanding’ 2 per cent deposit scheme break the poverty trap?
By Cameron Micallef
19 May 2021
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1 minute read
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The 2 per cent deposit scheme has been widely praised as a way to ‘break generational poverty traps’, two industry experts have said.
During a recent episode of The Smart Property Investment Show, Right Property Group’s Steve Waters and Victor Kumar praised the latest government initiative, aimed to help single parents enter the property market.
This scheme, called the Family Home Guarantee, will see single parents enter the housing market with just a 2 per cent deposit. The remaining 18 per cent of the home loan deposit, needed to avoid lender’s mortgage insurance (LMI), will be guaranteed by the federal government.
Turnaround time conflict is a looming liability for the majors
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The speed in which banks can approve mortgages from those going direct and those going through brokers is a major problem that needs to be addressed imminently.
Over the past year, brokers have been telling us that the “time to yes” (turnaround times) for major bank home loan customers going through the broker channel are drastically slower than those going directly to the bank branch.
Now, we have confirmation. The recent commentary from the major bank CEOs has confirmed what we’ve been tracking in the Broker Pulse survey for months; loans being written by brokers are taking longer for the bank to approve than they are through bank branches/online.