If you think you have to be wealthy to invest in property you might be mistaken! In fact the skills and experience you’ve gained managing a budget on a lower income could make you a better property investor than some big spending high income earners.
Moving soon or know someone who is? Here’s a thorough checklist of all the essential things which one should do prior to moving house.
Getting a clear idea of your financial situation and arranging finance ahead of time can save you unncessary headaches later on and let you focus your energies on house hunting.
Not only is it a good time economically to take a look at your financial position, but there are a number of life factors that may make it worthwhile to review your finances.
As an exercise, why nont go through the following checklist to identify a potential investment property then contact us to find out how much you could borrow to buy it!
Property has been considered a popular path to wealth for Australians for many years. It has the potential to generate capital growth as well as rental income. There are also tax advantages associated with negative gearing. However when buying an investment property, it is wise to remember you are making a business decision. It’s worth taking the time to plan.
The move towards high density living, smaller dwellings and busy lifestyles that curb our enthusiasm for garden maintenance has seen a growing popularity for alternative garden designs such as vertical gardens.
Generally the saving in interest payments on your property loan will be greater than the interest received in an investment account – especially at the moment with the cash rate being the lowest in many years.
Money has meaning beyond the numbers on a page or notes in your wallet. It is strongly linked to our sense of security and self-worth. If you and your partner argue about money you’re not alone. Most do!
It is not uncommon in the world of finance to find out many years later that the home loan that was set up for you wasn’t actually followed through as intended with the lending institution.