Recomendation for Mortgage broker & buyer agents

Hi I am the newbie in property investment. Living in perth .Currently looking for interstate investment , need recommendations for mortgage broker n buyer agents , any thoughts?
 
What are you looking to invest in? You need to have a budget and plan in mind for yourself before you can instruct a mortgage broker/buyer's agent.
 
Hi KHO

Welcome


Can help with Buyers Agents and Broker recommendations on all of the East Coast, would be useful to know what state(s) you had in mind, and what sort of property type and cost, because different Buyers agent specialise in diff geographic and $ areas

Some may specialise in upmarket PPOR style homes in one area, another may be a specialist in locating high yielding lower cost rental stock, and yet again some may only work with new or off the plan stuff.

ta
rolf
 
Am looking for property around 400k in Sydney, with this budget will most likely be on the west side. High yield property , buy n hold strategy. But flexible with the locations, can b in Brisbane or Melbourne.

Thanks guys
 
dont you have to have a special WA licence to broker for WA residents?

No. You only have to be licensed for the state/s you purchase in. Your clients can come from anywhere. (Some of ours are from o/seas too).

However, goverments (and their offices of fair trading) are moving to 'national licensing' sometime next year I believe.
 
Im still pretty sure to do finance for someone who resides in WA, you have to hold the WA finance brokers licence, regardless of the security location.

The estate agent licence may be diferent.
 
Im still pretty sure to do finance for someone who resides in WA, you have to hold the WA finance brokers licence, regardless of the security location.

The estate agent licence may be diferent.

Yes, sorry about the confusion. I was referring to a real estate agent or buyers agent licence.
 
Im still pretty sure to do finance for someone who resides in WA, you have to hold the WA finance brokers licence, regardless of the security location.

I agree with Rolf, the WA finance brokers restriction went out the window with national licencing earlier this year. There's no restrictions at all now (assuming you've got a licence).
 
Thanks guys for all the Info , didn't realize there was such a restrictions in place, WA is new to me as I just moved from Melbourne. Will get my act together to start up my first IP.
 
I was referring to WA finance broker license required to do finance for WA residents.but now there shouldn't be an issue with the new NCCP law isn't it ?
Just interesting to find out that such restriction existed before!
 
Hi Khooj

Yes, the WA requirements were a pain in the neck!

They were also uber expensive. The individual broker, plus their Pty Ltd, each had to have licences and each had to pay annual fees - well over $1,000 each so the requirement was quite onerous

More importantly, no-one could really give a straight answer as to whether non-resident brokers could write loans for

Purchasers who were resident in WA, or
Purchasers who were resident in WA and were buying in WA, or
Purchasers who were resident in WA and were buying in any other State or Territory, or
Purchasers who were resident in other States or Territories and were buying in WA, or
just about any combination of the above.

However, brokers who were based and licensed in WA had quite different requirements for those licences than other States thought were appropriate

Now that we have National Credit Licensing it is all a lot easier.

It is easier to forget that we are a Commonwealth of States, and there are still a lot of issues which have no common or federal approach . The Driving age, the drinking age ... the rail line guage ... once you start thinking about it, there are lots of things not uniform across Australia

Cheers
Kristine
 
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