Dec 13 2013

Posting Guide Lines:

The purpose of the Blog on the VFA site is to provide Information and articles for for the benefit of members, non members and consumers. So if you wish to have your post displayed please send it to vfaoffice@gmail.com for posting… Guidelines: 1.      The post must be useful to the readers of this blog 2.      …

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Sep 01 2015

Feedback from the last Melbourne meeting

vfameet2 2015

We asked people to jot down what they liked best or got out of the last VFA meeting in Melbourne. Click here to see what they said!! What did I miss?  

Jul 28 2015

So, now they get it

Housing provider suggests ‘rent to buy’ scheme to help solve housing crisis Posted 14 Apr 2015, 6:42am PHOTO: Pacific Link said transition programs will mean people living in social housing will have the opportunity to move into other accommodation. (ABC News: Nic MacBean) MAP: Newcastle 2300 Central Coast based housing group Pacific Link says private …

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Jul 22 2015

Cash Flow Control

The Vendor Finance Association does not believe more regulation will serve the industry. The industry is already highly regulated – to the extent that it is restricting the flow of new investors into the industry and retarding competition and innovation.  (We doubt that Henry Ford would be allowed to start a car company or Bill …

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May 06 2015

Residential Property & Foreign Investment Changes

. On Saturday 2 May 2015 Prime Minister Tony Abbott and Treasurer Joe Hockey made a joint announcement confirming that a raft of changes to the foreign investments rules will be introduced between now and 1 December 2015.  Following on from the recent consultation process, this announcement reinforces the Federal Government’s continued focus on tightening …

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Apr 27 2015

So easily Avoided

In the news last week we saw this article about a number of people losing their homes in Queensland who were purchasing their properties using the Rent to Own strategy. This kind of business practice is not only bad for our chosen field of business but is downright deplorable and highly immoral.

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Apr 27 2015

VFAA News out now

VFAA News 2 Front Cover

Mar 12 2015

Otton vs ACCC

WE BUY HOUSES TO FIGHT ACCC ACTION Property educator, Rick Otton, says he will vigorously fight any action taken against him by the Australian Competition and Consumer Commission (ACCC) to ban his book, “How to Buy A House for A Dollar”. Mr Otton said strategies contained in the book (known as the “We Buy Houses” …

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Mar 12 2015

ACCC Release

Coordinated investigation results in ACCC taking action against We Buy Houses and Rick Otton regarding property strategies 3 March 2015 Following a coordinated investigation with the New South Wales Fair Trading (NSW Fair Trading), the Australian Competition and Consumer Commission has instituted proceedings in the Federal Court against We Buy Houses Pty Ltd and Rick …

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Mar 12 2015

For those that don’t listen and learn

ACCC drags Rick Otton to court for his “Buy a house for $1” claims The consumer watchdog has instituted proceedings in the Federal Court against best-selling property investment author Rick Otton and his business We Buy Houses for alleged breaches of the Australian Consumer Law.

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Sep 16 2014

The Deposit Builder Strategy

The Deposit Builder Strategy (“the Strategy”) This article explores the merits of the Strategy and examines whether it is likely to be effective in avoiding the requirement of the National Consumer Credit Code (“the Code) that vendors in the business of selling residential real estate to consumers under vendor terms contracts (aka instalment sales agreements) …

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May 09 2014

Get it right or dont use it

Choice Article http://www.choice.com.au/media-and-news/consumer-news/news/rent-to-buy-crackdown.aspx Sent to Choice Online: In response to your article Rent to Buy Crackdown. By Katrina Bray From the Vendor Finance Association of Australia The brand that you have built up over many years through your choice magazine and now your online publication is expected to be factual content and give consumers a …

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Feb 16 2014

Vice President resigns

From VFI news PS.  FYI, I resigned as Vice President of the Vendor Finance Association last Tuesday. I remain a member …….. No reason was given, and we respect Paul decision and did not ask…

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Jan 29 2014

You’re not an agent

I got an email from one of the ….. members recently who had an apartment they were selling through a real estate agent and it took some months to find a buyer. He puts the problem of the sales process to misleading advertising. His quote was “Mister real estate agency insists sticking to the old …

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Jan 17 2014

Qualifying for a loan is about to become harder

  Cordato Partners Anthony J Cordato   Credit reports in Australia are about to contain comprehensive credit reporting (positive credit reporting) information. This means that for the first time, credit providers will have access to credit account history – the applicant’s credit account status and their 24 month repayment history. Comprehensive credit reporting will make …

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Jan 17 2014

Price Hikes ?

Most Australians disagree rising house prices are “a good thing” Will Watts and Hannah Price opted to fix their mortgage rate after stretching their budget in Sydney’s hot market. Picture: Bradley Hunter Source: News Limited IT’S the great Australian dream: buy your own home, settle in and watch it grow in value to fund your retirement. But …

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Jan 06 2014

Expats could push up Aussie house prices

EXPATS and foreign investors could push residential property prices even higher this year as the falling Australian dollar prompts offshore buyers to enter the market.A combination of low interest rates, a weaker local currency and surging house prices in Sydney, Melbourne and Perth might set off another wave of buying in Australia’s major cities over …

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Jan 04 2014

Bubble Bubble Toil and Trouble

Is it a housing boom or bubble? Friday, 25 October 2013 10:21 MICHAEL YARDNEY On the one hand many analysts see great times ahead with double digit capital growth predicted for some of our capital city real estate markets next year. On the other hand, there are those who are convinced our market is an …

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Jan 04 2014

More People – More Housing

Strong Population Growth Necessitates More Housing The demographic statistics released by the ABS today imply strong demographic demand for housing, said the Housing Industry Association (HIA), the voice of Australia’s residential building industry. “The figures show Australia’s population reached 23.13 million in mid-2013, having added over 407,000 people in the year to June 2013. This …

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Jan 04 2014

Aussie Housing good to go….

Volatility in the global economy has never been greater and forecasting never more challenging. Against this background, QBE LMI is cautiously optimistic about the outlook for the Australian housing market. The resilience of the Australian economy since the Global Financial Crisis (GFC) can primarily be attributed to the strength of the resource and private sector …

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Dec 22 2013

Courts crack down on ‘rent-to-buy’ housing scams- Well not really but the “spin” is good

PROMOTERS of ‘rent-to-buy’’ housing schemes must operate under the right licences or face prosecution after a landmark court ruling today. Supreme Court Master Craig Sanderson ruled today that to offer a rent-to-buy scheme – like that of Perth’s Easyhomes WA – a company must have a real estate agent licence. Mr Sanderson also found the …

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Dec 15 2013

Member Discussion Forum

For the benefit of all members of the Vendor Finance Association we have a ‘Closed Facebook Page’ on which we can discuss openly any and all strategies and subjects that you may have a question about to do with vendor finance. The great part about this is that the Facebook page rather than a forum …

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Dec 15 2013

Now on Facebook

The Vendor Finance Association is pleased to announce it now has a Facebook page. This Facebook page can be viewed from the following link Click Here. Please drop by and have a look, have a bit of a read and leave comment about anything you feel you either need to know or would like to …

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Dec 15 2013

Australian Consumer Law

Recently the Consumer Protection WA issued a press release regarding Rick Otton. In the interest of hearing both sides: The WA Consumer Protection press release is at; CLICK HERE, and Rick Otton’s press release is at; CLICK HERE I believe it’s important that all vendor financiers read these releases and learn from them.   For the Enforceable …

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Dec 15 2013

Cheaper to Buy than Rent

Cheaper to buy than rent Cheaper to buy than rent in 388 suburbs country-wide RP Data’s Buy vs Rent report showed the number of suburbs across the country where making principal and interest payments on a 5.9% variable mortgage was cheaper than forking out rent had jumped from 238 in August to 388 in October, …

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Dec 14 2013

Vendor Finance Association and VF Educators

The Vendor Finance Association gets regular requests concerning education. The Vendor Finance Association is a networking Association and a representative for the industry as a whole. The Vendor Finance Association does not endorse or advertise or respond to any queries about education in the field of vendor finance. There are a number of Vendor Finance …

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Dec 13 2013

Rent to Buy Article

Get on the property ladder with a rent-to-buy option (From the CBA Blog) There’s a little-known way of getting a start in the property market that allows aspiring property owners to get a toehold in the market without having to save a sizeable deposit. It’s called rent-to-buy and it’s essentially a form of vendor finance. …

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Dec 12 2013

Mitigate the Risk, deal with a VFA member

Consumer advocates are warning about the spread of a “risky” new investment scheme that encourages distressed home owners to sell their properties on lay-by to buyers with low incomes or bad credit. The complex deals are often orchestrated by start-up operators, many of whom may not have credit or real-estate licences and whose training has …

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Dec 12 2013

Low Deposit Homes

Low rates have a high price tag for first home buyers The value of housing loan approvals continued its upward trajectory in October, particularly for investors. But for first home buyers, it was an entirely different story: their activity has never been weaker. …………………………………. It is a very different story for first home buyers. Recent …

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