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Tough Times Ahead For Home Buyers

There is a looming  interest-only loan crack down on major banks in Australia. A leading economist, Richard Holden, issued a warning early this week that the housing market could be going down for US-style meltdown as the intended crack down on interest-only mortgages forces homeowners to paying off the principal on their home loans. It is believed that 40 percentage of new home buyers were issued with interest-only loans, making it easy to pay. But…

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Author : Charles Vincent Kaluwasha

Founder and CEO of C J Investiment. Charles Kaluwasha is a real estate entrepreneur and developer, specializing in building 2-5 unit properties in Melbourne City and Gold Coast. He currently owns 3 investment properties. He has rehabbed, Flipped and/or lease-optioned over 3 single-family residences using funds from private investors. He has secured 2 investment apartments in Melbourne and Gold Coast to be completed early 2020. A developer of C J Academy/mentorship program helping investors and homeowners with basic and advanced financial education and real estate investing strategies to create passive wealth.

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