When it comes to property investment, people tend to think of residential. But commercial property can offer some big advantages as well, either as a space for your own business or as an income provider. We examine the pros and cons of going commercial. From warehouses and offices, retail to car parks, there are some… Read more about Thinking of buying commercial property for rental? Here’s what to consider
Is it a good idea to manage your own investment property?
There are advantages and disadvantages to managing your own property. Let’s look at why you may want to do it yourself and why you might hire a professional. Buying an investment property is a major commitment. A key decision for many investors is whether to manage it themselves or to hire a property manager. The… Read more about Is it a good idea to manage your own investment property?
Three must-knows for property investors to prepare for End of Financial Year
Crunch time has come for property investors with June 30 fast approaching. If you are a property investor, you will know what a hectic time end of financial year (EOFY) can be. However, with a little forward planning, you will be well on your way to a smooth tax lodgement come EOFY. Read on for… Read more about Three must-knows for property investors to prepare for End of Financial Year
More than home loans: brokers can help with business finance, too
Most Australians know mortgage brokers can help them find a home loan that meets their requirements. What a lot of people don’t realise is brokers can also help small business owners secure the right commercial finance for their business too. Many small business owners use the equity in their homes to cover their start-up and… Read more about More than home loans: brokers can help with business finance, too
Five things to look for when choosing your broker
A good mortgage broker can be the key to your property portfolio success. Here’s how to find one. Mortgage brokers worth their salt will look to build a trusted relationship with you – one that’s more focused on service than selling. Here are five things to look for when choosing your broker. (1) Recommendations Asking… Read more about Five things to look for when choosing your broker
Refinancing: what you need to know
Confused about the ins and outs of mortgage refinancing? There are two key considerations when you’re looking at taking the step – why and how. Here, we examine both. A home loan is generally a long-term proposition, but in some situations it can be suitable to refinance your mortgage. Refinancing involves taking out a new… Read more about Refinancing: what you need to know
How to avoid paying too much for a home
Knowing what a property is worth is central to avoiding paying too much for it. Set a benchmark Comparing nearby properties that have sold recently is the best way to assess an acceptable price for the property you are looking at and provides a valuable bargaining tool when you are negotiating with a seller or… Read more about How to avoid paying too much for a home
Why property investors need savings
Urgent maintenance is an unavoidable aspect of being a landlord, so having a cash buffer set aside will help you deal with any unexpected problems. When renting out an investment property, having access to extra cash is vital for two reasons (1) to cover the costs of maintaining the property, giving it the best chance… Read more about Why property investors need savings
Explainer: how redraw and offset accounts can save you money
Offset accounts and redraw facilities work in similar ways; they both allow you to reduce the balance of your home loan, and therefore the interest charged, by applying extra money to your debt. Redraw facilities allow you to deposit spare income into your home loan account, allowing you to redraw a sum equal to the… Read more about Explainer: how redraw and offset accounts can save you money
10 tips for choosing an investment property
So, you’re thinking of buying your first residential investment property? There are a few things to consider before making the move. Here are our top 10 tips for avoiding potential difficulties and ensuring success. (1) Know your goal Understanding your financial objectives is key to finding the right investment property. The actual property itself is… Read more about 10 tips for choosing an investment property
Investing interstate
When people think of buying an investment property, many only think locally. Investing in a property interstate could possibly be a smarter idea, potentially resulting in a better return on your investment. it may also be a potential way to snaffle a bargain. You could be buying into an area with greater potential capital growth… Read more about Investing interstate
Explainer: Home loan pre-approval
For those getting ready to stride into the world of home ownership, the uncertainties of pre-approval can cast a shadow of doubt over an otherwise exciting time. When is it necessary? How long does it last? And what does it involve, exactly? Pre-approval is a lender’s assessment of your likelihood of being approved for an… Read more about Explainer: Home loan pre-approval
