Purchasing a vacation home can be a dream come true, but it can also be expensive. If you’re struggling to keep up with the payments on your vacation home, refinancing might be a smart move. Here are some things to consider when deciding whether or
Taking out a home loan in Australia can be tedious and it’s partly because there are so many options. There are grants for first home buyers, multiple loan offers from different banks, different features per home loan, and so on. You can definitely navigate this
Your credit score is one of the key foundations of your loan eligibility. Get to know more about it in this article. Formerly known as Veda Advantage, Equifax is the largest credit rating agency in Australia. It provides personal and business credit reports throughout the
As the Reserve Bank of Australia (RBA) raises the rate yet again, homeowners with variable rate home loans are feeling the pinch. The increase in mortgage costs has put a strain on household budgets, particularly as many fixed-rate loans are expiring this year. If you
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 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.
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
Affordable homes have always been at the top of every Australian’s demand from the government. A dream that influenced votes over the weekend. Coming out of an apparent victory, Anthony Albanese of the Australian Labor Party is Australia’s 31st minister. Will the demand for low-cost
A lot of people aspire to get into the property market, but obviously, it’s not easy. Otherwise, every Australian would be owning a rental home by now, given the great returns the property market offers. One thing that hinders people is, first, the problem with
When done right, investing in property can help you build wealth for your future. In Australia, properties are currently a smart investment. Many people are enthusiastically jumping into the market to make the most of the current low-interest rates to make their first investment. But
The Reserve Bank has just announced after its June meeting that the official cash rate is 0.85%. This is the second time the RBA raised the official cash rate ever since it dropped to record lows of 0.1% in November 2020. The last rate hike
The most typical form of property investment is direct ownership. This is when you take out a home loan to buy a house and then rent it out. When the loan is settled, you will get the house title. You get a bunch of benefits
The May 3 decision of the RBA to lift the official cash rate is just one out of the many. It has given a head’s up that more rate hikes are to come. Fuel costs are up and food costs are, too. To damp down
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