If owning a house was easy, every adult in the country would be a homeowner now. However, the rising prices of properties in the market get in the way of every aspiring homeowner. Not only that, but the required deposit relative to income is also
Most people start out with one or a few residential properties when building their property portfolio. Particularly, rental apartments and houses are a popular choice. Although not always a top contender, commercial properties have so much to offer. One is higher returns. Another is that
The most common path investors take when they start their property investment journey is the direct ownership path. Rental homes and apartments are among the top choices. In its most basic sense, direct ownership makes a profit through rental income which an investor uses to
Data from April last year showed that housing prices surged up to 2.8% compared to the following year. This record-high raise was last seen in 1988. And usually, this phenomenon is met by what the young ones call FOMO or the fear of missing out.
While buying your first property is the most daunting experience in your portfolio-building journey, getting the next one comes to a close second. You are now settled with your first property with a tenant and a property manager, so what is the next move? Remember,
Banks are running a business so it’s only natural that they have a thorough assessment when you apply for a loan. After all, the amount of money at stake in loans is in the hundreds of thousands on average. To increase your chances of getting
“Buy low, sell high.” Property investing pretty much revolves around this golden rule. And it’s true. To make a profit, you simply have to sell your investment at a higher price than you bought it. However, there is so much more than buying, selling, and
Buying a home is the biggest investment and purchase for almost everybody in the world. The gravity of the situation requires that you give it careful thought. Not only is it necessary when deciding what property you should get and where it is located, but
When you take out a mortgage on your house, you do not exactly own the property yet. This is why mortgage payers have a goal to finish repaying their loans as soon as possible. After the last payment, the house is finally yours. On average,
Your home loan repayment probably takes up a chunk of your monthly expenses. Being one of your major investments, it’s only fitting that you grab any chance that you can to reduce the costs or take out any possible benefits from it. These two reasons
It was not surprising that the whole COVID-19 situation shook the foundations of the property rental market not only in Australia but in the whole world. Workers worked from home. Offices were vacant and so were properties that cater to the employed market. However, through
As house prices rise across the country, getting into the property market becomes harder and harder. Still, to this day, most people would simply like to own their own home. However, determining the correct time to buy is not always that simple. Here are some
Getting onto the property ladder has long been a challenge for single-parent households, and in particular, saving the money for a deposit can make the barrier to entry very high. Fortunately, single-parent households look set to benefit under a new program recently announced as part
With the property prices consistently growing each month, single parents may be feeling the dream for homeownership is out of reach. We understand saving up for a deposit on a single income can be extremely challenging, especially with the effects on the economy caused by
Feel like reaching your savings goals and saving for a deposit is impossible. The property market seems forever out of reach? The federal government has listened to the needs of the Australian public, and they have introduced the scheme of using super to buy your