Everyone loves a bargain, but in the world of property they’re as rare as hens’ teeth. That’s not to say that they’re not out there! I always try and buy my properties under “intrinsic value”, but many investors aren’t sure how to go about doing this. As an investor, you have a huge advantage over…
On the hunt for a new investment property? Hoping to secure finance at a great rate so you can be on your way to property-mogul status? Well if you’re considering buying any of the property types below, you might want to reconsider. You see… currently the banks are being extremely fussy when it comes to lending money…
Let’s face it, when it comes to buying big ticket items we all love new, shiny things. Whether it’s a car, a big screen TV or a luxurious lounge suite, most of us will go straight to the store that sells its goods straight off the showroom floor in favour of a second hand dealer,…
The property “experts” are out in force again as they line up to predict what the next hotspot will be! According to a number of recent articles it is Hobart and Townsville, currently leading the way. While they may or may not be good short-term options as an investor looking to grow an asset base…
Australian’s who spent up big on their credit cards over the holiday season are about to receive a nasty shock! RateCity analysis of RBA data shows Australians are estimated to have put a whopping $28.6 billion on their credit cards in December. This equates to a spend of $3,679 per cardholder in just one month….
A rapidly moving market, in terms of capital growth, allows investors some freedom in terms of property improvements. It is during these times that they can focus on refinancing to take advantage of increasing property values. However, a less robust market — such as the one we are experiencing now — means that to remain competitive in…
This may seem obvious, but I have to start with it… In order to create long-term wealth from property it will be important to know the type of property that will be in continuous strong demand from both owner occupiers and tenants in the future. Understanding the needs of your market is fundamental to success…
The open for inspection is a crucial time for homebuyers. It’s that half an hour or so when they can chat to the real estate agent, turn on the taps to check for water pressure, open and close doors, and mentally move the furniture in to see if it fits. In my experience, it…
Beauty is in the eye of the beholder, and this certainly holds true in the world of real estate. Not all of us will love the same style of property. Some may prefer modern architecture and a contemporary lay-out and finish, while others may only be interested in buying period properties offering lots of charm…
For anyone who has tried to apply for property finance in the past year or so, it will come as no surprise when I tell you that more people are being knocked back on their applications as APRA’s influence has tightened lender’s serviceability criteria. Tougher lending criteria means the chance of borrower rejection is higher now than it…
