The first Home Loan Deposit Scheme is a new initiative of the Australian Government to support eligible first home buyers to purchase a home sooner and will be introduced from the 1st of January 2020. The First Home Loan Deposit Scheme Start date: 1 January 2020 Eligibility: Singles earning less than $125,000 Couples earning less …
Urgent maintenance is an unavoidable aspect of being a landlord, so having a cash buffer set aside will help you deal with any unexpected problems. When renting out an investment property, having access to extra cash is vital for two reasons: to cover the costs of maintaining the property, giving it the best chance of …
Is the key to saving a home deposit as simple as giving up smashed avo toast for breakfast? Well not quite, but spending less does make a difference. On top of a budget, a savings plan and strategies such as a high-interest savings account, an effective way to save is to reduce or eliminate expenses. …
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Have you been swept into the ‘Buy Now Pay Later’ tornado? You may have heard of AfterPay and Zip Pay, some of the leading providers of ‘Buy Now Pay Later’. In recent years they have had a massive growth in popularity, particularly winning-over the youth demographic with the promise of instant gratification. As leading mortgage …
Lender’s mortgage insurance (LMI) is required in many instances when a loan is worth more than 80 per cent of a property’s purchase price, as well as in some other circumstances. In very basic terms, when a lender considers a loan to carry a high risk, LMI is likely payable. Here’s how you can avoid …
Applying for a business loan is a completely different process to that of a home loan application. To ensure you don’t lose your way, we’ve set out a clear path for you to follow. 1. Find a specialised broker Commercial lending is very different to residential, so when searching for a broker, it is important …
Seeped in cultural and historical significance, it’s understandable that there are restrictions when renovating a heritage-listed home. While that’s not to say that you can’t make any changes, a little more legwork and creativity is often required. Understand what you’re doing Working on a heritage listed property comes down to knowing the implications of your …
Beauty at a cost – renovating a heritage-listed home Read More »
When purchasing an investment property, there are a number of factors that could increase or reduce your potential return on investment. In this case, it’s not just location, location, location. When considering a property for investment purposes, the most important question to ask is ‘will be attractive to tenants?’. But how do you know what …
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Ever heard the saying “stress to success”? No? Maybe it’s just your personal hidden mantra. But we’re here to debunk the concept and advocate self-care to boost your and your team’s productivity. Stress should be regarded as something that is integrally linked to overall health, or rather, the demise of it. It’s not inevitable, nor …
Due to the risks involved, strict guidelines are imposed on business finance, so securing approval can be difficult. Here are a few mistakes to avoid to increase your chances of approval. Not knowing your credit score Many consumers may not realise the importance of a credit score. Not only is it taken as a reflection …