The recent Mortgage and Finance Association of Australia’s (MFAA) report has revealed mortgage brokers arranged seven out of every ten (69.5%) new residential home loans settled during the first three months of 2022; with brokers accounting for around half (52.1%) of all new loans settled two years ago, this is highest proportion of property buyers.

Launched last month, the new digital Strata Hub aims to give homeowners, buyers and the property service industry better accountability and transparency and more engagement for owners, residents and potential buyers of strata schemes in NSW. The new reporting requirements will, for the first time, digitally consolidate data about the state’s 83,000 strata schemes. This.

If the news is to believed, the property market is about to crash. The Reserve Bank of Australia has announced the fourth interest rate rise in as many months, and lenders are winding back how much people can borrow as they factor in higher interest rate repayments and cost of living pressures. It’s all doom.

People often ask us whether investing in property is a better way to build wealth than investing in shares. Regardless of where people look to build wealth, what investors really need to think about is the risk associated with each investment avenue. We are property specialists, not financial or investment advisors, but we believe in.

More property owners are relying on lenders, and one in 10 Australians now live in an apartment according to the 2021 Census. Nearly 11 million (10,852,208) private dwellings were counted on Census night in August 2021, an increase of nearly one million (950,712) since 2016. Two thirds of households (66.0 %) own their home outright.

There is a saying you should buy the worst property on the street, and make it into the best, but does this saying extend to investment properties? While some investors do make money out of buying a property, doing it up and selling it in a relatively short space of time, most of us are.

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.