While there are many property hot spots popping up around Australia, certain demographics are finding it difficult to enter the market, particularly first home buyers. However, initiatives put in place in Victoria are helping to encourage first home buyers in the state and benefit the housing market. Treasurer Michael O’Brien announced in a January 7 […]
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In positive news for Australian consumers, private sector credit growth expanded during October. According to a November 29 release from the Reserve Bank of Australia (RBA), total credit provided to the private sector increased 0.3 per cent during October on a month-over-month basis. This followed an identical monthly increase during September. On an annual basis, […]
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Many people could benefit from refinancing their mortgage, but some may find it a daunting prospect when faced with different lenders, products and rates at every turn. To help you understand why mortgage refinancing may be to your advantage, here are three top reasons for making a switch. Cheaper rates The Reserve Bank of Australia […]
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Finding the right location is crucial to ensure strong long-term capital growth, but amid the noise of real estate agents, friends and family and your own prejudices to areas – how do you know for sure that an area’s investment potential stacks up? Here are 10 steps. 1. Know your budget For most buyers, your […]
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Some things you may not have thought of which may help you get that bargain first; 1. Look for an eager vendor A vendor under distress is the most obvious component of a cheap purchase. There is no moral high ground here– often it’s a case that the seller needs a quick disposal and is […]
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If you make money when you buy, it goes without saying that buying under market value should ensure a big fat profit for you in the future. This article explains what you should look out for to ensure you’re buying a genuine gem, not a fine-scented junk. One thing property investing has over share investing […]
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You must consider all aspects of your finances before applying for a home loan. Otherwise, you risk a nasty black spot on your record. Submitting a loan application without the appropriate preparation can set you back a long way in your property goals. Rejected applications can put an unsightly blemish on your credit record and […]
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We explain how you can use your home to buy an investment property to build your wealth and avoid the tax trap. Australian property prices have generally gone backwards in many areas following the onset of the global financial crisis and the credit crunch around the world. Anecdotally, many speak of “bargains” to be found […]
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Home loans are subject to compound interest, meaning that if you pay one off more quickly, your savings will increase exponentially. Even small changes to your repayment habits can add up to tens of thousands in savings over time. 1. Make more frequent payments. Sounds simple enough, but setting this as a goal is essential […]
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As a property investor, it is important you are always able to borrow money from lenders so you can build your portfolio. The GFC forced some big changes in the finance world: most obviously the way investors and lenders decide which ventures are safe bets and which aren’t worth the risk. All of a sudden, […]
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