Investing in property is a great way to diversify your investment portfolio and, when done right, will unlock the doors to a more financially secure future. When you purchase an investment property, you can improve on it through renovations so that you can sell it at a higher price or hold onto the property and rent it out, generating regular income.
Keeping your property looking up to date and attractive is important, whether you’re hoping to sell or rent it out. Potential tenants and buyers are likely to pay more for a property that looks modern and appealing. As such, putting a little money into renovation projects can prove to be a wise investment.
Credit cards can be a double-edged sword. While they provide convenience and extra perks, poor credit card management is one of the fastest ways to end up in debt. Credit cards are one of the highest interest ways of borrowing money. If you only pay the minimum each month, it could take you years and additional thousands of dollars to pay off the money you originally borrowed.
Turns out, there is no “Australian Property Market”—each state tends to do its own thing. As you can see in the charts from CoreLogic, each state and city has achieved different results over the last eight years. Unsurprisingly, the highest growth was in Sydney and Melbourne, mainly driven by employment opportunities.
For consumers and businesses, going to the bank for a loan is no longer the only option for financing, and technology is just part of what’s driving the change in the lending marketplace. These changes involve the emergence of “online marketplaces” for lending including equity and reward-based crowdfunding and peer-to-peer consumer and business lending platforms.
SYDNEY, 7 December 2017 – Barry Watkins, Director and Founder of Clever Finance Solutions Pty Ltd, has been shortlisted as a finalist in the Best Finance Broker category for the Better Business Awards 2018. In addition, Barry Watkins will also be in the running for the Editor’s Choice Award, which recognises an individual’s outstanding contribution to the broking industry.
Everyone hopes their loan application process is going to be quick and easy, and for some people it is. They are straightforward applicants—full-time employees working for someone else, and have a 20% deposit or more. However, the majority of the population are not cookie-cutter applicants, and this next client certainly isn’t.
If you’ve bought a property for investment purposes, it’s important to maximise its value so you can make the most out of your investment, whether you’re planning to sell or rent it out.
School holidays and the festive period are fast approaching. Whether you have kids or are working, trying to figure out what to do for the holidays can prove challenging. Here we share a few ideas to keeping everyone entertained.
The old days of being able to easily quote an interest rate are gone. It now depends on the Loan to Value Ratio (LVR), the loan purpose (owner-occupied or investment use), the repayment type (interest-only or principal and interest), and, to a degree, your credit rating.
