The reason we invest in property is because we want financial freedom, and there are two ways in which you can make money property; capital gains and a regular cash flow income. We’re often asked, which is best? Well, as always, it depends on your financial situation, and what your plans for the future are..
Investing in property is probably one of the most straightforward ways for wealth creation. Whether you’re new to property, or a seasoned investor, it’s always good to review some basics, and avoid making these 10 mistakes. #1 Rushing into it While property is one of the most straightforward ways to invest, it isn’t something you.
With the Reserve Bank of Australia recently increasing the cash rate by a further 50 basis points to 0.85 % – the largest jump in 22 years – many property owners, home owners and investors alike, will be thinking about reviewing their finances. Check the terms of your finance Whether you’re a home owner or.
It’s coming up to that time of year again; The current financial year ends on 30 June, so now is the time to start making yourself tax ready. There are costs you will incur to run your investment property, and like any business, you can offset these costs against any tax you may incur on.
Everyone wants the best price for their property, but sometimes the process and advice can be overwhelming; everyone has an opinion on what you should do! Selling your home needn’t be daunting; while there is a lot to consider, it’s easier to manage the process when you break it down into smaller steps. Here are.
The recent rise in interest rates will affect many landlords, but should you pass on the rise to your tenant? Tenants do expect rises in rent, and rents have been steadily rising over the past couple of years; the latest Corelogic Quarterly Rental Review, released in April shows: National dwelling rents increased 1.0% over the.
Recent figures suggest more people are turning to property as a way to make their money work for them; in March this year, according to the ABS, lending for investor housing rose 2.9% to a record high of $11.7b. Furthermore, new loan commitments for investor housing rose 5.7% and was 25.0% higher compared to a.
There are a lot of ‘armchair’ property investors who never get beyond just looking at properties and dreaming… If you want to take the next step, and actually look at buying a property, read on for some tips for new and aspiring landlords (and it will serve as a reminder for long-term landlords too). These.
Before buying a property, every investor will look at what bang for their buck the property will give them. This means they will look at a property’s current return of investment (ROI) and yield. ROI (sometimes known as total return yield) ROI is a comparison of how much you make from a property compared to.
To protect your asset, landlord insurance is a must. We strongly recommend you use a specialist landlord insurance provider because many general insurance providers offering cover for landlords may not provide sufficient cover. While we don’t believe you should scrimp on insurance cover, (click here to read our guide of what you need to consider.
