With rising living costs and an uncertain economy, we’re all looking for ways to trim the budget – and what better way to save than on your mortgage? One of the biggest expenses in any household is the mortgage repayment, with an average $350,000 mortgage snatching a little over $2,580 from your bank account each […]
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Due diligence is essential before you invest in a rental property. Make sure you don’t miss a trick with these savvy questions: 1. What’s being built nearby? New infrastructure projects can be beneficial or detrimental to your investment property. Find out what’s being planned and when it’s due for completion by logging onto www.infrastructureaustralia.gov.au. This […]
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Real estate agents are mysterious creatures, but understanding what they want can help you secure a great property deal. Buying a property can be one of those situations where it truly is you against the world. The vendor is after the best price possible and expects the real estate agent to go joyfully into bat […]
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The background for these tips are that the owner may have a loan application declined because the valuation came in too low. There are 9 ways to ensure that the valuation is correct. 1. Be very specific and actually measure your apartment area and associated areas: One of the most important aspects of determining a […]
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While many property investors consider location, purchase price and tenanting ability when contemplating an investment property purchase, depreciation is often overlooked as an important factor. Depreciation can help unlock the cash flow potential within an investment property, often resulting in thousands of additional dollars for the investor each financial year. Considering the following factors will […]
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It’s quite frustrating to have your home loan application knocked back or the loan amount reduced because the valuation came in too low. Here’s 12 ways to get a good one. Investors periodically have their properties revalued in order to finance additional investments. For example, just say your property’s value has gone up by $50,000. […]
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Having a thorough understanding of the real estate cycle enables you to time your move accurately and maximise your returns. Most real estate investors face many challenges in building a profitable real estate portfolio. Determining whether to purchase or liquidate, raise or lower rents, or deciding which sector of real estate to participate in can […]
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Obtaining finance can sometimes be difficult especially when you require fast approval due to short settlement time frames or refinance pressures. Here are 7 tips to getting your next finance application approved fast and to avoid any delays with lenders. 1. Know your credit history Probably the most important point! It is imperative that you […]
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Equity is your biggest weapon in building your property empire quickly and safely. We reveal how it works and how to use it to maximise your profits. Many people overlook the concept of equity when it comes to property finance. Equity is the net realisable value of a property – how much cash you walk […]
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Getting finance can be tough enough, even without having your application sent back due to errors or worse declined. A well presented accurate and detailed finance application is imperative for obtaining fast approval. Here’s 11 things to avoid on your next finance application;. 1. Not being honest about your financial position Missing monthly loan repayments […]
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