What Is Conveyancing?
If you’re buying or selling a home, chances are you’ll need to deal with a conveyancer to complete the transaction. The primary purpose of conveyancing is to transfer the title of ownership in land from one owner to another.
Archive for month: June, 2017
Couples who rent will need about half a million dollars more in savings
Couples who rent in one of Australia’s capital cities will need approximately half a million dollars more in savings to retire as comfortably as homeowners, reveals a new report by the Association of Superannuation Funds of Australia (ASFA).
What Is A Mortgage Broker
With so many different banks, credit unions, building societies and other lending institutions to choose from, it can be difficult to know which one will be best suited to your needs. Fortunately, a mortgage broker can help you compare the options available and even arrange special deals. A mortgage broker acts on your behalf to […]
What Is An Offset Account
Using a mortgage offset account could potentially cut years off your home loan and slash the amount of interest you pay at the same time. Offset accounts are simply transaction or savings accounts that are linked to your home loan. The balance you have in your account at any time is ‘offset’ each day against […]
What Is Home Equity
If you’re paying off a mortgage on your own home or an investment property, it’s likely you could have some home equity. When used correctly, your home equity could potentially be a surprisingly useful financial tool. The word ‘equity’ means ownership. Your home equity refers to the amount of ownership you’ve built up in your […]
What Is Lenders’ Mortgage Insurance and Do You Need to Pay It?
Lenders’ mortgage insurance could be the key to helping thousands of homebuyers purchase their dream home each year. Borrowers who don’t have a large deposit can still get into the property market, as long as they’re willing to pay a lenders’ mortgage insurance premium.
What Is Negative Gearing and is it Right for Your Investing Strategy?
Negative gearing is a popular investing strategy for many Australian property investors. There are a number of benefits for investors who choose to take advantage of negative gearing. However, it’s important to know how it works and what other options exist before making a decision about which strategy might work best for your individual financial […]
What is Rental Yield and are You Calculating it Correctly?
A property’s rental yield is one of the most often-used indicators for investors assessing a property’s investment potential. Every property investor’s dream is to find a rental property that promises huge capital gains in a highly sought-after location with a high rental return and low management costs.
Top 10 Tips for Buying an Investment Property
Investing in property is easily regarded as one of the safest long-term investments for building wealth for your future. While the idea of buying a rental property sounds easy, there are plenty of things to consider before making a decision about what to buy, where, and when. Before you head out hunting for a property […]
How Much Deposit Do I Need to Buy a House?
It’s common for many homebuyers to wonder how much deposit they need to buy a house. If you’re ready to start looking for your first home, a good starting point is to determine how much deposit you need to save to get started.