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...
It’s an exciting time buying a property. We have been lucky to witness many types of buyers succeed with property. However many have differing views and objectives. Regardless if you are a first home buyer, investor or owner occupier, there are some important questions you need to ask yourself before buying a property. Before buying, here are three questions that suit all buyers. 1 - How much money do I...
An expression of interest is the first step in the buying process for real estate. As buyers advocates, this initial stage is where you place an official holding reservation on a property. The expression of interest sets out the proposed details including the terms & conditions of the offer, purchase price and time frames to act. It is a non-binding offer and does not in itself constitute a...
With property prices exceeding the average wage increase in Melbourne, many people are struggling to buy their own home. While the great Australian dream of owning a home is still very real for many, people are taking different home-buying pathways to get their foot into the property market. One purchasing type that has been a growing trend is 'rentvesting'. What is rentvesting and what are the...