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…
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
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…
With the re-emergence of the 1st home buyer it seems that it’s a new breed that’s the driving force behind this. The Millennial population, who are typically born between 1981 and 1996, represent the most influential age cohort in today’s residential property market. The Millennials are a significantly larger group than Generation X, those born between…
Did you know that the banks are still in the business of lending money! Billions of dollars in dwelling finance commitments were approved in September in Australia. That’s right, according to the Australian Bureau of Statistics, tens of thousands of dwellings were financed in one single month for either owner occupiers of investors. There is no denying…
I wish I could start the year with good news, but it seems that the economic clouds are gathering, and the resultant storm may well be on the horizon. Why? Well still to this day APRA (Australian Prudential Regulatory Authority) have never articulated their intentions of what they were hoping to achieve so we still…
Did you know that nearly 10,000 dwellings were financed to first property buyers in August 2019? They bought about the same number of dwellings the month before that and the month before that, too. In fact, the percentage of dwellings bought by first-timers remains at about 18 per cent of the total market, according to…
So you’re ready to start a family, or you have a baby on the way already, but you’re also thinking about your future financial security. First of all, congratulations! What an exciting time in your life, but it can be a daunting one also. These new plans might be making you rethink where you should…
Lines of credit on home loans have been around for a while now and are not a new product in the mortgage marketplace. However, the problem is that it can be tempting for borrowers to use them as a cash machine that they never have to repay. So what is a line of credit and…
I have witnessed an increasing popularity in property investment as a viable alternative to other, more traditional methods of growing your retirement nest egg over the last decade. Once most Australians relied on their Superannuation, an aged pension or a combination of the two, with some dabbling in the acquisition of shares, more of us…
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). This is the time when the Federal Government gets their share of the profit that you’ve made from investing in property as it’s technically classed as…
