Whilst it’s true that the number of properties on the market for sale has increased substantially over the last 12 months, competition to secure those properties is stronger than ever. Auction clearance rates remain very high, with few left-over bargains to be had. So how can you hone your skills to give yourself a better chance of securing the property you’re after? Here’s five great tips to give you an edge when negotiating your next property purchase.Read More
Comparison rates explained
When you’re buying a home, there are new decisions, considerations and jargon to decipher. Even interest rates can be confusing – with a ‘comparison rate’ being shown beside the advertised rate.
What is a comparison rate?
When home loan interest rates are displayed, a comparison rate is also shown alongside it. A comparison rate helps you compare the costs of different home loans. They take into account not only the interest you will be charged, but also known fees and charges relating to the home loan.Read More
If you are going through the property buying process for the first time, you may think that conveyancing is just another formality and expense that complicates the purchasing process. In fact, a good Conveyancer simplifies the process for you, explains the (sometimes complicated) legal requirements of buying a property and most importantly, protects your legal interests.Read More
Investing in a holiday home
As the cool of winter sets in, thoughts of the beach may be far from your mind. However, winter is often a great time to look at buying a beach house or holiday home. There’s a lot to think about when purchasing a holiday home. Where should I buy? What should I buy? How do I buy? Read More
Lending & Tax Time: Jargon explained
Well, the tell-tale signs that we are near the end of the financial year are upon us! Advertisements for EOFY sales are everywhere we look, search parties for those mislaid receipts, and the usual tax time property jargon such as “depreciation” and “negative gearing” being bandied around the water cooler. Read More
10 tips for young property investors
What do you do if you are young and thinking about investing in property?
There is a trend among 20-somethings, and those into their 30s to purchase a place as an investment, often a cheaper unit in a less desirable area, and then tap into the tax advantages of negative gearing (by keeping your outgoings on the property higher than the rent coming in) and either rent yourself in an area you want to live, or stay at home with the baby boomer parents where the board is minimal and the washing comes for free.
So for any young people wondering which way to go, here’s a few tips.Read More
Understanding Depreciation Schedules
There’s nothing more exciting than buying your first investment property and getting that first slip from your property manager to show your rent coming in. However, rental income is just the start. Around tax time, there are even more ways to help you pay off your investment – and one of those is by getting a property depreciation schedule that you can claim on tax.Read More
Purchasing your dream home and purchasing an investment property are completely different. They require looking at the property in different ways because the long term goals are not the same. For a buyer who doesn’t plan to live in the home, making the right investment property decision can be very lucrative. Here are six tips for preparing for purchasing an investment property.Read More
Personal budgeting is an important money management tool that will help you get your household finances in order. A well drafted personal budget shows you how much money you need to make ends meet as well as how much you can afford to spend on entertainment and save for the future. The primary goal of a personal budget is not only to determine how much you put aside for savings, but to determine where your household money is coming from and where it is being spent. Once you learn how to track your money, you will know a close estimate of expected earnings and a spending pattern.Read More
Purchasing your first home is not as scary as you think if you’re prepared. The main thing you need to do is put your budget in writing. Setting a budget will help you decide what you can afford before you begin shopping for your first home. Here are six tips from an expert mortgage broker for creating and sticking to your budget for your first home purchase.Read More
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