The average home in the Australia continues to rise. This is very evident in the highly demanded cities such as Melbourne and Sydney. Unfortunately, the capital growth in real estate has often exceeded the increased rate of Australia’s annual employment income. Therefore making affordability harder than it has ever been before. Resulting in many Australians considering other alternatives to buying a...
Property affordability is challenging. A strategy many take is to use a guarantor. In this article we discuss the benefits on how it may help. Please note every strategy has it’s set of advantages and disadvantages. We therefore urge everyone looking to buy a property, particularly when using a guarantor to seek advise first. Many good sources are your accountant, financial planner, lawyer/solicitor...
While researching home loans, you may have come across the term Lenders Mortgage Insurance or LMI, but what does it mean? What is Lenders Mortgage Insurance (LMI)? LMI is essentially an insurance policy that the borrower pays for to ensure the bank is covered if you default your home loan. Some people initially think it's an insurance policy to cover their mortgage repayments if they enter a...
Why many people can't retire comfortably. It’s not rocket science that everyone wants to prosper and retire financially independent. Some make a conscious effort to do so, while others run out of time or find it too difficult to fathom. Unfortunately, many people of all sorts fall heavily short of retiring comfortably. Most don’t want to be filthy rich either. Here are four reasons why many...
Why is owning real estate an Australian dream? Putting it quite simply, Australian’s love real estate because they are familiar with it. Everyone lives in some form of residence. If they own it outright, mortgaged, pay board or rent, we all have an emotional attachment and a direct experience. Owning a property is very empowering, offering us a feeling of success and prosperity. Many people trust...
Time is the most valuable commodity. If we could by time to continue saving, while locking in a property price for the future, how awesome would that be? Purchasing off the plan buys more time. Let’s explore this idea further. Once sourcing the property that appeals to you, buying off the plan offers you the chance to purchase a property now, but settling a loan in the future (i.e. 18 months or...
I don't know if it's forward thinking or impulse buying, but we always buy things in bulk if it’s well discounted. Food is certainly something we will buy in bulk. I can’t eat it in one day, but I know it will be eaten… Over the years we have realised that it's not the price you pay that matters, but the quality you get. If you can get something cheap that's helpful but it's pointless if it...
Buying property is an exciting time. The feeling you get after buying provides such a great feeling of success. We all work hard and its time you get a chance to show it! As property advisers, we pride ourselves on service. Our priority is to understand your needs and present the right solution exclusively for your situation. If you don’t conduct the right property research and review your own...
The walk score reflects how easy it is to get around without a car. The walk score is a number between 0 and 100 (100 representing a perfect score). Melbourne has been ranked number 1, with the only suburb achieving a perfect 100 out of 100. Werribee South takes the 'wooden spoon' with a score of just 0.6 out of 100, highlighting the high reliance on using a car to get you places such as shops, schools...