Did you know there are two potential values for your property? Unfortunately, many homeowners don’t understand the difference between a market value and a bank value – but it’s vitally important that they do. In fact, sometimes when a homeowner wants to draw on some of the equity in their property, they are shocked when…
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
So here we go again, the talk of more interest rate cuts. Well who thinks cutting interest rates from 0.25% to 0.1% or even zero will have an impact on our economy? Exactly, it will have no net benefit to hundreds of thousands of Australians with a mortgage as we deal with the current and…
The Australian government’s response to the coronavirus crisis is to be, on the whole, applauded. They quickly prioritised the health of our nation and prevented the spread of the early outbreak. Terms such as ‘flatten the curve’ and ‘social distancing’ – phrases that barely existed just months prior – became part of the national vernacular….
For so many Australians, property is the most valuable asset we own. So, it makes sense to make the most out of what we’ve got. Valuations are a great way to grasp an understanding of how much your property is worth and this is important for a number of reasons – namely to understand the…
Buying a home is one of life’s most significant moments. As such, there are a number of steps you need to take before you’re handed the door keys on settlement day. There’s a lot to consider, a fair few hoops to jump through and some critical due diligence required to ensure you’re protected. It can…
Buyer’s agents have really come into their own in recent years, as home buyers and investors alike have begun to realise their muscle power in the real estate industry. Just as a seller’s agent will achieve the most money possible for the sale of a home, a buyer’s agent will negotiate the best buying price…
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….
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…