The current low-interest-rate environment has a lot of clients asking me whether now is the time to focus on paying off their mortgage. And the strange circumstances we find ourselves in, with 2020 not turning out how any of us imagined, has many asking whether they should focus on investing, either in stocks or property….
Articles by Andrew Mirams
Andrew is a leading finance strategist who holds a Diploma of Financial Planning (Financial Services). With over 27 years of experience in finance, Andrew has been acknowledged by the mortgage industry with multiple awards.Visit www.intuitivefinance.com.au
The thing about property investing is that eventually you, or your beneficiaries if you hold for the extremely long-term, will likely have to pay Capital Gains Tax (CGT). WHAT IS THE CAPITAL GAINS TAX? HOW MUCH IS IS THE CAPITAL GAINS TAX? HOW TO CALCULATE YOUR CAPITAL GAIN? HOW TO AVOID THE CGT BY LIVING…
Once you have bought your home, there are ways that you can minimise the interest you pay over the life of the loan. This can include making additional lump payments or repaying the loan fortnightly instead of monthly. One of the most popular ways, however, is to establish a mortgage offset account, which will reduce…
Many homebuyers are, not surprisingly, happy couples looking to fly the old family nest and establish their own, new residence. Without second thought, they go through the motions of acquiring said house in their blissful state of togetherness; often putting both names to the mortgage contract. But there are some important considerations when it comes…
Currently we are all facing a time of uncertainty which seems to be changing daily. Please, as a first priority, do what the government(s) are asking and either stay home or maintain your social distancing – this is a health crisis first and foremost that is creating the economic crisis. There are, however a few…
Sydney has certainly been our nation’s benchmark market – and it’s obvious why. Around 60 per cent of all transactions occur in and around the capital. This gives it substantial weight in any national analysis. We’ve also noticed that some observers who proffer their opinion about the ‘Australian property market’ are often simply describing Sydney’s…
Every day I’m still staggered by the complacency of everyday Australians and how either unwilling or ignorant they are when it comes to the interest they pay on their home or investment loans. Despite big reductions in interest rates over the past few years, a recent survey found a huge number of Australians would never…
The events of the past year have prompted a lot of current and would-be mortgage holders to consider whether they should rush to lock in their loan interest rates with a fixed product. Rates have tumbled thanks to multiple cuts by the Reserve Bank and the fixed rates on offer from banks and other lenders…
First home buyers have started to apply for a new government scheme designed to get them onto the property ladder sooner. The First Home Loan Deposit Scheme kicked off on 1 January, with eligible first home buyers able to access funds to help with a deposit for their first home. The scheme, which was announced in the…
In the world of a property investor, there are almost countless measures, terms and phrases to get acquainted with that help you determine your future and current position, viability and long-term outlook. For landlords, one of the best indicators of your financial stakes is the rental yield. It’s a quick and easy snapshot of how…
