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.

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.