Buying a property is a process that’s brimming with excitement. Because of this, it’s easy to fall hopelessly in love with the first property you see. You start to believe that it’s perfect for your home, business, or for investment, causing you to rush your decisions.
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. Read more
Buying property continues to be one of the most popular options for investment. Turning this dream of owning real estate into reality however, is a process that requires good thinking and careful planning mainly because of the large amount of money involved. While the Australian real estate market was quite aggressive in 2015, a cool off is expected for 2016. While the potential for consistent pricing would provide a great opportunity to invest in property, one should still never rush into a deal. Here are a few tips to keep in mind before you invest your money. Read more
Now is the time of the year some people consider paying 12 months of interest upfront to claim the tax deduction in this financial year. If you have sold a property and have a capital gain liability, or have come into some money via a bonus or something, paying the interest upfront and claiming the deduction this year can be a good way to reduce the tax bill for the year.
Many lenders will offer a discount on the interest rate for paying in advance, for example Commonwealth Bank have an interest rate of 6.54% for paying 1 year upfront if you are on their professional package. This is less than the discounted variable rate, of course you are taking a risk as to what interest rates will do over the next 12 months.