Current Properties
Parkville Apartments
Located within minutes of Melbourne’s CBD, this project is imbued with many of the characteristics that define one of the world’s most alluring and livable cities. Its stunning aesthetic reflects a lifestyle full of expression, verve and independence – embraced through spacious one and two bedroom apartments, design savvy finishes, lush landscaped gardens, and engaging communal spaces featuring lap pool, spa and barbecue pavilion. Price Range: $390k – $540k Type: Apartments off the plan No. of Properties: 175 Bedrooms: 1 bed + study, 2 bed Car Accom: Secure car space
Hawthorn Apartments
Situated only 5km from the city, this project resides in a well established area at the original gateway to the eastern suburbs, at the meeting point of a bustling transport network. This is your opportunity to establish yourself and be a part of this flourishing and vibrant locale. This progressive project reflects the very latest European thinking on low-level apartment living, tailored for the Melbourne experience. Price Range: $380k – $670k Bedrooms: 1 & 2 bedroom + 1bath 2 bedroom + 2 bathroom Car Accom: Secure car parking
Ormond, Victoria
Fifteen Beautifully designed two-bedroom / two bathroom apartments all with study alcove, carparking and storage room. Situated within the McKinnon High School zone. Price Range from $529,000 Settlement/Completion completion mid 2012
Richmond, Victoria
Ripper location in the heart of the Bridge Rd and retail precinct; Just 39 apartments in this dual street frontage building located in Prime Suburb of Richmond. Price Range from $517,500 Settlement/Completion ready end 2013
Ormond, Victoria
Another designer building located in Melbourne’s Prime Inner South-East and comprising just 13 apartments. Price Range 2BR from $475,000 Settlement/Completion end 2013
Our Location: 1 Queens road, Melbourne
Home Loans
Which Loan Is Right For Me?
Don’t know where to start when it comes to choosing the right home loan? With features and fees varying from one loan to the next it might seem like a bewildering array of options, but the good news is that you don’t have to go it alone. At Laungani Finance, our role is to work with you to assess which of these loans will prove the best match to your income, goals, budget and lifestyle. Fixed Rate (Principal and Interest) Fixed rate loans are priced according to a pre-determined interest rate and therefore have fixed loan repayments. The time period…
Applying For A Loan
What you need To apply for a home loan you should fill out a mortgage application form that will ask you for details about your income, credit and savings. Laungani Finance will have these. The application helps determine if you qualify for a loan and measures your debt ratio, an important part of working out how much of a house you can afford. The type of documents you need for your application include: Personal identification: e.g., passport, drivers license, birth certificate. Property information: e.g., Contract of Sale. Financial information: e.g., cheque account and savings statements. Liabilities: e.g., loan and credit…
Frequently Asked Questions
Q: How much deposit do I need to buy my first home? A: This varies according to the type of loan you are taking out, the amount you are borrowing and the lender’s policy, but in general you should aim to save a deposit of between 10 to 20 per cent of the purchase price. The more deposit you have saved, the less you’ll need to borrow, which means you make lower repayments and pay less interest. Q: What are deposit bonds? A: Deposit Bonds act as a substitute for the cash deposit between signing a contract and settlement of…
Think About
When choosing a home loan, keep in mind that interest rates and your financial situation will change over time. Make sure your loan is flexible enough to change with you. Features you might want to consider include: The option to move from variable to fixed interest rates, or split the loan between both. An off set or line of credit account to help you use your income and savings to reduce the balance of your loan. The ability to make additional repayments without penalty. A redraw facility that gives you the flexibility to use your additional repayments as required. The…
Types of Loans
STANDARD VARIABLE HOME LOAN This is the ‘benchmark’ variable interest rate for each lender. This home loan is usually flexible, but not competitive as far as interest rates, fees and charges go. The interest rate will rise and fall, as set by the Reserve Bank of Australia, and will therefore affect repayment requirements. BASIC VARIABLE HOME LOAN This is a ‘no frills’ variable rate home loan with a discounted interest rate. They generally have fewer features than the standard variable and may not be as flexible. Like the standard variable home loan, the basic variable home loan rate will rise…
10 Steps to Buying a Home
1 Know the market Do your homework and research the area you are buying into by browsing newspaper and Internet property listings and speaking to local real estate agents. Attend plenty of property viewings and auctions, each time asking yourself: Does it suit my needs? What are its faults? What are its features? How does its price compare with other properties seen? The more informed your decision, the better chance the property you buy is the right one in terms of price, location, value, size and lifestyle. 2 Do your sums Once you have an idea of the property market,…