5 tips for finding a great property deal

5 tips for finding a great property deal

Tweet Property markets around the country have softened, which has left many buyers on the hunt for a fantastic real estate deal. Finding an affordable property can be challenging whether it is a buyer’s or seller’s market however, and you really need to be a little savvy and think outside the square if you want to find a fantastic property at a great price. Get in early The early bird often gets the worm when it comes to buying property. If you’re the first person to make an offer then a seller may take you up on it rather then...

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The 3 ways you can grow your home equity

The 3 ways you can grow your home equity

Tweet The way to create wealth through home ownership is to build up your home equity. Equity is essentially the market value of your property, minus what you owe to the bank. If you‘re paying off the principal of your loan and your property is increasing in value then you should be steadily building up the amount of equity you have. 3 ways to build your equity Increase your mortgage payments First off you should make sure that you choose the right home loan so you’re not paying high rates and have features such as an offset account...

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Tips for those selling over the festive season

Tips for those selling over the festive season

Tweet The countdown to Christmas is well and truly underway with just five weeks left until the big day! With not much time left until Christmas Day, some homeowners may hold off on selling their properties until after the New Year, however if you don’t want to wait then there are still plenty of eager buyers around. Families in particular may be trying to secure a home before the start of the 2019 school year. Those who do sell over the Christmas period do need to be aware that it brings about particular circumstances that are unique to...

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What to do when your interest-only period expires?

What to do when your interest-only period expires?

Tweet Interest only property loans have been popular amongst investors in recent years, with many hoping to jump on the property bandwagon while making minimal repayments. According to finder.com.au, interest only loans made up 42% of new lending in 2014-2015. With many interest only periods lasting for just 5 years, many borrowers are about to find themselves up for paying both the principal and interest on their loan, which can be a significant increase. Starting to pay off the principal of your loan can be seen as a good thing, as it will...

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5 things every buyer is looking for (even if they don’t realize it!)

5 things every buyer is looking for (even if they don’t realize it!)

Tweet While it’s true that no two buyers are the same, there tends to be some common features that most people look for in a home. Being aware of what buyers are looking for can be helpful for sellers as they can use this information when planning renovations or home staging. Big bedrooms Large bedrooms are important for homebuyers. They want large, private master bedrooms and rooms that are big enough for the kids to play in. Many buyers also realise that floor plans are hard to change, and it’s very difficult to increase a bedroom’s...

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The pros and cons of furnishing a rental property

The pros and cons of furnishing a rental property

Tweet Whether to furnish a rental property is a common question among landlords, particularly as it can help increase rental yields. However, offering a furnished rental property may make a property harder to rent out and affect the types of tenants you attract. The positives of furnishing a rental: Higher rents All other things being equal, a furnished property should attract a higher rent than an unfurnished one.  Short-term leases Furnished properties generally attract tenants that are looking for more flexibility than a standard 6 or...

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