Victoria is rezoning 12 new suburbs to potentially house up to 50,000 people to meet the demands of our increasing population. Tim Pallas, treasurer announced that these suburbs located in Melbourne’s west, north, northwest and south east will set motion plans to build new communities. Pallas went on to say, ‘this is critical for keeping house and land packages affordable’. The new communities...
We are blessed that Australia is a civilised country with a reasonably maintained crime rate to other nations throughout the world. It’s not uncommon to meet people who don’t lock their doors or their motor vehicles. Knowing we live in a peaceful environment, you should always still look into the crime rate of the neighbourhood you are intending to buy a property. Regardless if you are buying with...
Buying off the plan allows you to purchase a new property before it exists, providing you with the ability of only paying a 10% deposit and nothing else until the property is built and ready to settle. One of the notable benefits of buying off the plan is “buying more time”. During the construction phase you can continue saving additional money that could be used to contribute a larger property...
Melbourne was voted as the “World’s Most Livable City”, 6 years consecutively, according to the Economist Intelligence Unit. This year in 2018, it was ranked second. By 2030, its anticipated the population will exceed Sydney as the most populated city of Australia. There are a few reasons why the Melbourne property market is expensive, and perhaps deservedly so. These are the reasons why it...
If you already have your home paid off or own an investment property, we dare say you are off to a great start! However many can fall complacent or become distracted with other important things such as work, raising a family etc… If you tick one of these boxes, perhaps it’s time for a financial review. We have helped many successful investors expand their property portfolio. In many cases we have...
Is the key to saving a home deposit as simple as not buying a coffee each? Well not quite, but spending less does make a difference. The true key to saving for a home deposit is to establish a structured budget. This will ascertain your savings plan. With the implementation of a few strategies such as depositing funds in to a high-interest savings account reducing your cost of living, avoiding parking...
Taking on your first investment property can feel overwhelming and confusing. Speaking to an expert will simplify the process and ensure you take advantage of investing appropriately. Here’s a few reasons why investing at a young age is a great idea Long term investing will compound in value The greatest advantage that young property investors have is time. You have a long-time frame to buy/hold and...
Moving home is an exciting time. However once you start packing, you soon discover how time consuming and tiring the experience can be. Many of us live busy lifestyles and breaking routine can be quite stressful. Having a checklist in place will ensure your move is better structured. With structure, you'll be more relaxed and efficient. You'll be settled in your new home before you know it. When...
One of the great benefits of buying a property is that you can borrow large sums of money to purchase your first/next property. However, obtaining finance can be quite difficult. The best way to apply for finance is through a mortgage broker. Apply for finance with a mortgage broker A mortgage broker can assess your circumstances without bias. You may bank with the ANZ or Westpac on a daily basis....
We work hard to earn our income and we are all very careful how we spend it. Many successful investors spend a little and save a little. In modern times, we are spoiled for choice when it comes to investing. Why does property investment remain the most popular? Is property the best investment? Let’s explore the basis why property investment is widely the most popular in Australia. Millionaires love...