Blu Mortgages

Blu Mortgages Blu Mortgages provides expert lending advice and solutions you can trust. Working with a select rang

Wishing you a fantastic holiday season! Here’s to hoping for a merry and bright year ahead. 🎄✨
25/12/2023

Wishing you a fantastic holiday season! Here’s to hoping for a merry and bright year ahead. 🎄✨

21/12/2023

Wrapping up another fantastic year with a well-deserved break!

We thank you for your support, and we can't wait to come back in the new year with renewed energy to guide you in your financial journey.

Our office will be closed from 5:00 pm on Thursday, 21 December, and will reopen on Monday, 8 January 2024.

Should you have any urgent queries during this time, please email [email protected]

Wishing you a safe and happy holiday season.

Understanding where your money goes and how best to manage it to maintain the lifestyle you desire is more important tha...
18/12/2023

Understanding where your money goes and how best to manage it to maintain the lifestyle you desire is more important than ever in an environment of rising interest rates and increasing costs of living.

Here are our top 6 suggestions to help you manage your finances.

💰Determine your money priorities
💰 Track your spending
💰 Build an emergency fund
💰 Avoid bad debt
💰 Save early and start investing
💰 Create a plan of action and go for it

Take control of your financial future today!

11/12/2023

Working with passion and dedication to help our clients with their financial needs.

Thank you for your feedback, Viviana!

A small property can be an excellent investment. If rising rates impact your borrowing power, an apartment or unit could...
04/12/2023

A small property can be an excellent investment. If rising rates impact your borrowing power, an apartment or unit could be a viable investment option.

Here’s what to consider when searching for the right small-space property to give you the returns you’re seeking.

🏘️SMALL PROPERTY BENEFITS
• You can potentially buy with a lower deposit, as larger houses often have a higher entry price point due to land value.
• The ongoing costs, such as rates & maintenance for apartments, can be a lot less too.
• If you purchase a house, all maintenance issues are your responsibility, whereas with an apartment, many of these costs are covered by a body corporate.
These factors mean that a small space may be more favourable from a cash flow perspective.

🔎DO YOUR RESEARCH
Careful research can identify a small space in a location set to make capital gains & solid rental returns.

Start by talking with local real estate agents & property managers & find the answers to the following questions:
• How is the local economy doing? Is employment low?
• Are there new developments in the pipeline that impact supply/demand?
• What is the historical growth of property prices in the area?
• Are there new developments in the pipeline that impact supply/demand?
• What is the median price of properties in the area?

📈ANALYSE MARKET DATA
It’s important to analyse data to maximise the profit potential of your investment. Some good data indicators include:
• Days on the market. How quickly do properties sell in the area?
• Demand to supply ratio. Is there much competition amongst renters? If demand exceeds supply, this is likely to drive future capital growth.
• Rental yield. How much can you collect in rent?
• Clearance rates.

Invest smartly in a small space property and maximise your investment returns today! Speak to our team of experts on 1300 844 490.

27/11/2023

We aim not only to support you on your lending journey but also to educate and empower you.

Thank you for your extreme feedback, Luke!

Despite a post-pandemic correction, the July 2023 PropTrack Home Price Index Report** has shown that homeowners who purc...
20/11/2023

Despite a post-pandemic correction, the July 2023 PropTrack Home Price Index Report** has shown that homeowners who purchased property prior to March 2020 have experienced significant growth with national house prices increasing by 32.4%.

So how can you take advantage of this growth?

By leveraging equity while property values remain high!

Access your equity to give your home a facelift, landscape your garden, or install a swimming pool and start living your best life!

Contact the Blu Mortgages team and together we can work the numbers to determine how much equity you can access to fund your next property move.

Call us on 1300 844 490



* since March 2020
**https://ow.ly/HRpb50PYprI

13/11/2023

"Great brokers you can trust."

Really our pleasure! Thank you, Olivia!

Is a small budget holding you back from investing? Think again!You might be surprised to learn that you don’t need a lar...
06/11/2023

Is a small budget holding you back from investing? Think again!

You might be surprised to learn that you don’t need a large bank balance to jump into the property market. Let’s explore how you could make this dream a reality.

🔓 UNLOCK YOUR HOME’S POTENTIAL THROUGH EQUITY - Equity is the difference between your property’s market value & what you owe the bank. For instance, if your home is worth $800,000 & you owe $500,000, you have $300,000 in equity.
If the value of your home has increased or you’ve made significant progress on your mortgage payments, you could be sitting on a hidden wealth. By refinancing, you can tap into this equity, providing you with the means to invest without depleting your savings.

📍 THINK BEYOND THE CITY - If your budget can't support city investments, think about regional areas. Particularly when it comes to vacancies, rental rates, & property values, several of these zones have lately outperformed big cities.

💭 TWO MINDS ARE BETTER THAN ONE - Think about joining forces with someone. It can be a friend, family member, or another investor. Pooling resources can make property investment more accessible. Remember, this is a big decision. Always get legal advice to ensure everyone’s on the same page.

📝 THE OFF-THE-PLAN ROUTE - How It Works: You sign a contract, pay a deposit (often just 10%), & settle the balance once the property is built. This gives you time to organize your funds. Pros: Lock in today’s price, even if property values soar during construction. Cons: There are risks, like the potential decline in property value. Always do much research.

READY TO JUMP IN? Contact our Blu Mortgages team today at 1300 844 490 to guide you in exploring your finance options.

30/10/2023

A heartfelt thank you for your kind words, Eden! We're thrilled to have helped turn your home ownership dreams into a reality!

Take a step, and don't miss out on the opportunity to work with our team.

Call us on 1300 844 490 to get started today.

Bought an investment property? It’s time to find a quality tenant & lease your property. But how? You have the option of...
24/10/2023

Bought an investment property? It’s time to find a quality tenant & lease your property. But how?

You have the option of hiring a property manager to look after the property or manage it yourself.

If you are considering managing your own property, there are a few things you should be aware of:

UNDERSTAND THE LAW - The rights of tenants & landlords are protected by your state’s Residential Tenancies Act & you must understand them prior to leasing your investment property.

PREPARE THE PAPERWORK - You’ll need a lease, a bond payment (as security for rent owed/damage incurred) & a condition report taking note of the property's condition before the tenant moves in. It can serve as evidence if the tenant damages the property.

SET RENT. LIST PROPERTY - To understand how much rent you could charge, ask the team for a suburb report & find out what the going rate is. Alternately check out https://ow.ly/3T3S50PZWrb or https://ow.ly/X6jg50PZWrc. When you advertise the property, use quality images with a fantastic listing copy to attract good tenants. Also include any stipulations about pets/smoking.

FIND QUALITY TENANTS - This comes down to how thoroughly you screen candidates. Verify their ID & income, call references & examine their rental history. Use online tenant databases to check whether candidates have been ‘blacklisted’ by previous landlords.

GET STARTED - Once you find the right tenant, file the necessary paperwork, lodge the bond & start collecting rent.
RESPOND TO REPAIR REQUESTS - Respond to requests for repairs in a timely manner.

ORGANISE REGULAR INSPECTIONS - Ensure your property is being looked after.

READY TO BECOME A LANDLORD? As you can see, there’s a lot involved with managing an investment property. However, if you want to have complete control over your property & save yourself the commission you’d pay a property manager, it may be the way to go.

Address

Unit 12, 15 Ricketts Road
Mount Waverley, VIC
3149

Opening Hours

Monday 9:30am - 5pm
Tuesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+611300844490

Website

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