How to avoid Negative Equity - 9 .
Our major concern is Home owners with valuations of $700k or more ,
especially in Adelaide , Melbourne and Brisbane,
including the whole of South East Queensland.
Some Property commentators are predicting that the top end of House Values
will be the hardest hit by the Negative Equity trap,
as Property Prices drop 10-20% over the next 12-24 months .
An article in The Australian Financial Review, Thursday 2 August 2012,
entitled, ' Capital house prices improve ',
states, " While the housing markets in Sydney and Perth are showing relative strength,
commentators said Melbourne and Brisbane were still weak
and prices were likely to slide further."
If you have a house in Melbourne or Brisbane valued at $700k or more,
and you LVR ( Loan to Value Ratio ) is 80% or more,
eg your Home Loan is $560k or more,
then it is time to get serious about beating the Negative Equity trap.
If you find your House falling into Negative Equity,
or feel that it may do so,
do not stop your repayment program.
It is best to contact your Bank or financial institution immediately
with a plan of action to beat Negative Equity,
you may choose to do some extra repayments .
Ask your Accountant or Finance Consultant to assist you with this process,
as you need their expertise to prevent the Bank repossessing your home.
What is your view on,
1- Property Market dropping 10-20% over the next 12-24 months.
2- Negative Equity being a taboo subject.
3 - Households being educated to deal with Negative Equity.
Contact Craig Holme on 0423 585 932, or 08 8218 4888.
Gmail - alphasocialmedia@gmail.com .
http://www.facebook.com/craigholme101 .
http://www.facebook.com/jeremyreynoldsABC .
Copyright - Craig Holme - Alpha Training - 2012 .
Our major concern is Home owners with valuations of $700k or more ,
especially in Adelaide , Melbourne and Brisbane,
including the whole of South East Queensland.
Some Property commentators are predicting that the top end of House Values
will be the hardest hit by the Negative Equity trap,
as Property Prices drop 10-20% over the next 12-24 months .
An article in The Australian Financial Review, Thursday 2 August 2012,
entitled, ' Capital house prices improve ',
states, " While the housing markets in Sydney and Perth are showing relative strength,
commentators said Melbourne and Brisbane were still weak
and prices were likely to slide further."
If you have a house in Melbourne or Brisbane valued at $700k or more,
and you LVR ( Loan to Value Ratio ) is 80% or more,
eg your Home Loan is $560k or more,
then it is time to get serious about beating the Negative Equity trap.
If you find your House falling into Negative Equity,
or feel that it may do so,
do not stop your repayment program.
It is best to contact your Bank or financial institution immediately
with a plan of action to beat Negative Equity,
you may choose to do some extra repayments .
Ask your Accountant or Finance Consultant to assist you with this process,
as you need their expertise to prevent the Bank repossessing your home.
What is your view on,
1- Property Market dropping 10-20% over the next 12-24 months.
2- Negative Equity being a taboo subject.
3 - Households being educated to deal with Negative Equity.
Contact Craig Holme on 0423 585 932, or 08 8218 4888.
Gmail - alphasocialmedia@gmail.com .
http://www.facebook.com/craigholme101 .
http://www.facebook.com/jeremyreynoldsABC .
Copyright - Craig Holme - Alpha Training - 2012 .
No comments:
Post a Comment