If one rental property generates a positive cash flow, why not get another property to double the income? This is the idea behind stretching your property portfolio to its full potential. After all, having multiple properties is the end goal. Property investors have both short-
Homeownership is a dream for many adults. But more than this, it’s a need. A roof over one’s head means security. As exciting and reassuring as that idea may be, owning a house is not easy. If you have a plan to purchase any time
If you’re an aspiring property investor in Australia, chances are you’ve encountered the concept of “rentvesting.” This forward-thinking approach has surged in popularity over the past few years, enabling individuals to delve into the real estate market while maintaining their desired lifestyle and safeguarding their
Understanding Pre-Approval Getting pre-approved on a loan increases your chance of getting your desired home. How? Read on to find out. A pre-approval is also called approval in principle. It expresses how likely a lender you have submitted an application to is to approve the
As a first-time homebuyer, deciding on the type of property to purchase can be a challenging decision. It is important to explore the pros and cons of the different types of home ownership that you can choose from to figure out what suits your budget,
Understanding the distinction between bank valuations and market valuations is essential for property buyers as it can often be confusing. There are two different types of valuations that can determine the value of a property. Aa. property investor or homebuyer, important to grasp their differences.
At the end of your fixed term, your home loan will typically revert to your lender’s standard variable rate. This transition can have financial implications, as standard variable rates tend to be higher than other deals on the market. Staying with your current lender may
The Australian government is all set to make significant enhancements to the Home Guarantee Scheme, making it easier than ever for you to enter the property market and turn your dreams of owning a home into a reality. These changes, kicking in from July 2023,
When looking for the best home loan, there are many options you should consider. This includes fixed-rate and variable-rate loans, different loan terms, and the benefits of using a mortgage broker. Another option that is becoming increasingly popular is the professional package home loan. What
Introduction Are you having difficulty securing a traditional mortgage for your dream home? You’re not alone. Many Australians encounter obstacles when trying to obtain a home loan, such as low credit scores, unique property types, or a high debt-to-income ratio. However, there are alternative mortgage
Housing is the biggest expense for any international student. Renting is a top choice, but rent is exorbitant in some key business areas like Sydney. It’s so high that some would rather pay a monthly mortgage for the same price range. Sometimes, the monthly rent
On July 5, 2022, the Reserve Bank of Australia announced a raise in the target cash rate… again to dampen the effects of the record-high inflation rate. The cash rate now sits at 1.35%, 50 basis points higher than the previous rate of 0.8% back
Stamp duty concessions for first homebuyers in 2022 One of the added costs to buying a house and getting a home loan is in the form of fees charged by the government. Stamp duty is a tax charged by states in every transaction that requires
What is the Family Home Guarantee? The Family Home Guarantee is a state initiative to help eligible single parents with dependants afford a home. Single parents can buy a house with only as little as a 2% deposit. This will allow them to get a
What is FHLDS? To help first-time homeowners, the Australian government launched the First Home Loan Deposit Scheme (FHLDS), also known as the First Home Guarantee. A problem most aspiring homeowners have is the lack of the 20% deposit required to get a loan for a