Month: September 2017

Tips for saving your first deposit

Younger people are having difficulty breaking into the housing market according to the Household, Income and Labour Dynamics in Australia (HILDA) survey. The report found that home ownership for the under-40s has dropped significantly since 2002. And those who have made it into the market are not paying off their mortgage at the same rate. The […]

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Understanding low doc loans for the self-employed

There’s a lot of appeal to being self-employed. Sole traders or people who own their own small business enjoy freedom, flexibility and the chance to adapt their work to best suit their interests and skills. However, there are a couple of drawbacks to being self-employed. One of the biggest is the difficulty these workers face when it […]

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Housing supply under $400,000 dries up

by CoreLogic The ongoing increases in dwelling values over recent years has led to a significant reduction in the proportion of sales occurring below $400,000. Across the nation, 31.2% of houses and 37.3% of units sold transacted for less than $400,000.  By comparison, a year ago the proportions were recorded at 32.8% for houses and […]

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3 tips for saving while paying off a mortgage

Paying off a mortgage can be a lofty task indeed. With those weekly payments coming out of your account, you may have nothing left for other financial goals such as saving for a holiday or perhaps even making extra mortgage repayments. It doesn’t have to be that way. With smart advice courtesy of one of […]

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3 mistakes to avoid when investing in property

Investing in property can reap massive rewards – do it right and you could be living dreams of early retirement. In fact, CoreLogic’s Pain and Gain report reveals that over 92.1 per cent of people who sold during Q1 2016 made a profit, at an average of $239,855 per sale. On the flip-side, if you do […]

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Is spring the best time to buy property?

The frost on your windshield is getting a little thinner in the morning. Trees are slowly turning green again. There’s even a little warmth in the sun. It’s spring – a beautiful time of year when colours come back to nature and the temperature starts to increase before the glorious Australian summer begins. Lovely as […]

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Should you buy an apartment or a house?

When buying property and securing a home loan whether to buy an apartment or a house should be one of the first decisions you make. For some, the answer will be clear straight away, but for many the right choice will be a complete mystery. There’s several benefits to both types of home and neither option provides […]

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The basics of refinancing to renovate

There are a number of situations in which refinancing to renovate is a good idea, and it can be a smart financial move if you manage the process well. Perhaps you inherited a home that’s falling apart, need more space to accommodate a growing family or want to renovate for resale and increase your capital gain in […]

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