5 Common Mistakes First-Time Homebuyers Commit

5 Common Mistakes First-Time Homebuyers Commit

When buying a home for the first time, it’s important to make the right decisions. After all, it is an important financial commitment for you. Getting it wrong can have serious consequences, such as being stuck with a house you can’t afford or don’t want.

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For Those Planning to Buy Their Second Property…

Tips for buying your second property

Planning to expand your investment portfolio by purchasing a second property? Good for you! You’ve done the hard work and possibly put yourself in a great financial position. So, what’s next?

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What You Should Look for in a Good Investment Property

What You Should Look for in a Good Investment Property

According to the Bank of International Settlements, house prices in Australia have increased by 6,556% since the 1960s. This amounts to an impressive average annual growth of 8.1%. Long story short, property investors have certainly made millions through buying and selling property, and that’s before we even take into account the earnings from rental properties.

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Applying for a Mortgage Loan? Here’s What Banks Will Look at

The Great Aussie Dream, the one where we all own a home, can be challenging in reality. With housing costs on the rise, paying the full amount in cash simply isn’t an option for most people anymore and this is the reason home loans exist.

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Why Investing in Country Towns May Not be a Bad Idea Right Now

The median house price has gone up yet again and has now reached a whopping $1,000,500 in Sydney and $715,549 in Melbourne. With the rising cost of housing in Australia’s capital cities, it’s becoming increasingly challenging, even unaffordable to get into the property market. Given the recent housing pricing trends, investors and aspiring homeowners have begun looking elsewhere for their next property.

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The Dos and Don’ts of Investing in Property in Sydney

Property investment in Australia has great potential for more growth. Even in places like Sydney, where house prices have been nudging upwards for years, investors see nice investment opportunities because of the limited supply of property and the tax concessions available.

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5 Things You Should Know about Mortgage Insurance

Mortgage insurance, also commonly known as lender’s mortgage insurance or LMI, is used to protect lenders in case a borrower defaults on their loan. It is important to understand that LMI does not give the borrower any protection and in fact the insurer could come after the borrower for any shortfall in recovered funds.

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7 Important Things To Look For While Purchasing Landlord Insurance

When you have invested big money in buying a property with the aim of earning rental income, it is sensible to protect your investment with a well-structured landlord insurance. This protects your property against damages and keeps you financially prepared to meet emergency repairs.

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Understanding Property Titles

A property title is a legal document that indicates the owner’s right to possession or ownership of the property. Whether you are new to property investing or an experienced investor, it never hurts to gain more tips on investments you are making and likewise, know more about the type of property that you are purchasing.

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North Queensland Insurance Costs

North Queensland markets are rising but investors should know about the high cost of insurance, if they can get cover. Following cyclone and floods in recent years, many North Qld areas are seen as “disaster zones” by insurers. Premiums have reportedly risen 110% in five years. There are claims some insurers are deliberately gouging Far North customers. One analyst calls it “the next big affordability crisis”. Some insurers will reduce premiums if you lift the excess from $1000 to $5000. Meanwhile, the Federal Govt says it’s investigating and will name and shame insurers who are gouging.
From hotspotting.com.au

 

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