As with any type of long-term wealth creation vehicle, real estate comes with its own set of cautionary tales about the potential hazards and pitfalls. Many things can go wrong and the risk is amplified if you leap in without first seeking professional advice and devising a sound strategy and investment plan. But does that…
Do you know your credit score? According to a study by finder.com.au, two-thirds of the nation’s population have no idea what their credit score is. Your credit score is a number from a credit bureau that sums up your credit position. It is calculated using the information on your credit report. As someone interested in property…
Apparently Aussies are committing hundreds of billions in financial fraud. finder.com.au, reports that millions of Australians are being untruthful to save a buck. One in ten Aussies (10%) admit to lying on a finance application in order to secure credit, meaning more than $220 billion1 in finance could have been applied for under false pretences. The…
How much are you going to spend on Christmas gifts this year? For many Australian households it’s the most expensive time of the year and in the end many will be saddled with credit card debt in the new year. A new nationwide research survey of 1,027 Australians, conducted for debt solutions provider Fox Symes…
When was the last time you checked on your mortgage interest rate? Maybe a better question would be when was the last time you renegotiated your mortgage interest rate? The problem is many home owners and investors don’t know they can renegotiate their interest rates by just asking. The ACCC’s final report into residential mortgage…
One of the questions I’m frequently asked when it comes to people seeking property investment advice is, ‘Should I buy a house or an apartment?’ Many beginning investors are under the impression that houses make a better investment because they’ve read or heard that the land component of property increases in value, while the building…
We all want to buy our new home or investment property at the lowest price possible. On the other hand, the vendor wants the highest price they can get. Many property buyers often spend so long on research, they forget that finding that special home or the investment-grade property is only half the battle. Once…
Were you a good saver when you were I child. I know I wasn’t, but maybe things have changed? New research from the Roy Morgan Young Australian Survey reveals that nearly 77% of kids aged 6-13 have money saved up . 79% of girls have savings, compared to 75% of boys. However, boys on average…
You’ve done your due diligence, negotiated hard and finally, after months of investing your time, energy and resources into real estate, you’ve finally settled on your investment property purchase. The property is already tenanted so now that all the hard work is out the way, you can finally relax – right? Not quite. A…
When it comes time to buy an investment property, there’s a minefield of decisions and processes to navigate. It can seem time-consuming and complicated, which is one of the reasons why people delay investing in property in the first place – because they can’t find the time to make the right decisions from the outset….
