A loan pre-approval is the foundation of buying a property. One of the most important steps in the process of purchasing property is getting a loan pre-approval before you start seriously shopping. If it’s to occupy or invest, this is first step. So why obtain a loan pre-approval? A formal loan pre-approval from a lender provides you with a guideline to what you can spend. This is your maximum lending...
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...
The Melbourne property market has had some capital growth variances in the last three months to September 2018. Mount Eliza takes the top of the table with an impressive 17.60% change from June 2018 - September 2018. The results below show that a combination of inner city and outer city suburbs have presented positive returns. *Only suburbs with at least 30 sales in the relevant quarter are...
Melbourne is undoubtedly a great place to call home. Over the recent years many new suburbs have surpassed that magic million dollar mark. Toorak takes the top of the table with a whooping $4,210,000, $1,538,000 higher to its nearest rival of Malvern. There are a recorded twelve other suburbs above the $2,000,000 mark while the majority of suburbs are within a 20km radius of the Melbourne CBD. Here is a...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne was recorded at 2.0%, while regional Victoria was at 1.4% in September 2018. The weekly median rent for houses in metropolitan Melbourne rose to $460 a week, while the weekly median rent for houses was recorded at $330 a week in regional...
The Real Estate Institute of Victoria (REIV) data shows for the three months ended 30 September 2018, median house price performance remained stable. According to the REIV, there was an increase of 13.6% in the value of homes sold on the private market compared to just 0.6% via auction over the last 12 months. Resulting in an overall increase of 5% in the last 12 months. REIV also highlighted that...