28 NovIs the Car Dealership Really Offering you a Good Deal on Finance?

 

transportation and ownership concept - customer and salesman with car key outside

Making the decision to buy a new car is a very exciting time and it’s quite normal for emotions to play a huge part in the decision making process. Unfortunately, many car dealerships are very good at manipulating your emotions to ensure they get the sale so they can make the most money possible out of the deal.

Negotiating the price on the purchase of your new vehicle is just the first opportunity the car dealership has to make money out of you. Once you have agreed on the details of your new car purchase, the dealership then has a second opportunity to make a bit more money from you. READ MORE

28 NovLoan-to-Value Ratio and Lender’s Mortgage Insurance

loan-to-value-ratioIf you’re applying for a mortgage, it’s likely that you’ll need to be mindful of two important terms: Loan-to-Value Ratio (LVR) and Lender’s Mortgage Insurance (LMI).

Your LVR and the LMI premium are two things that go hand in hand. In fact, they each have the potential to affect what fees you get charged when applying for a home loan. In some instances, your LVR can even determine what interest rate you’ll be charged by your bank.

Here is a quick explanation of each of the terms and how they could affect you: READ MORE

28 NovDo Holiday Homes Make Good Investments?

holiday-homeLots of Australian families consider the idea of buying a holiday home, because if you already spend your holidays away at a favourite location it can seem like a logical idea to buy a home there.

After all, you get the benefit of having a property available whenever you want to take the family on a vacation. There might also be the opportunity to earn rental income from other holiday makers throughout the year.

While it seems like a great idea, does a holiday home really make a good investment? Here are some things to consider before you jump in and buy that summer vacation home: READ MORE

28 NovHow Many Properties do you Need to be Financially Secure?

property-portfolioIt’s common for many investors to wonder how many properties they need in order to become financially secure. Most property investors hope to one day replace their working income with rental income from their investment properties.

Their objective is to determine exactly how many rental properties to buy in order to completely replace their earned incomes and eventually quit their day job.

Unfortunately, there isn’t an easy answer to that question. In reality, the number of properties needed in order to be financially secure will be different for each person. READ MORE

27 NovChristmas Market Update

Republican presidential candidate Donald Trump speaks to supporters as he takes the stage for a campaign event in Dallas, Monday, Sept. 14, 2015. (AP Photo/LM Otero)At the beginning of November the RBA once again decided to leave interest rates unchanged. Of course, they’re still sitting at the same historically low rates as the past few months, so there are still plenty of opportunities to take advantage of low interest rates available from almost every lender.

November also saw Donald Trump’s victory in the United States Presidential election. Initially, when the news was announced, global markets dropped in panic as people wondered how the election could potentially affect the rest of the world.  Social media sites and newspapers alike speculated about the potential for fear and panic to drive the markets into a volatile frenzy.

However, it didn’t take long for the markets to bounce back, with the New York stock exchange closing at record highs the following day. READ MORE

17 OctOctober Market Update

niuv_rgb_v2This month the RBA decided to leave interest rates on hold once again, but the historical low cash rate of 1.5% still offers plenty of incentive for home buyers and investors alike.

As mentioned in last month’s market update, spring tends to herald an increase in the number of properties available on the market. Data released by CoreLogic confirms that the number of properties available for sale this month so far has increased dramatically.

The number of home buyers in the market across Australia’s capital cities also increased, with data showing a strong clearance rate of 79.2%. Compared to last year’s clearance rate of 69.5% across the capital cities, it’s becoming clear that more people are taking advantage of the record low interest rates.

READ MORE

17 OctFinancial Assistance for First Home Buyers

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Buying your first home can seem like a daunting process. However, there are some opportunities available to access various forms of financial assistance to help you get into the property market.

Here is a quick look at some ways that might help reduce the cost of buying your first home in South Australia: READ MORE

17 OctProperty Investing: Old vs New


23-carlton-3d-corner-street-view-831-02-websiteThere is long-standing debate among property investors that has been going for years: should you invest in an existing older property or is building a new property the smart way to go?

There are definitely advantages to both options, but there are also downsides to consider too. When it comes to choosing the right investment property to add to your portfolio, take into account the pros and cons of each before making your decision.

When people look at investing in property they need to consider which type of property is going to give them the greatest benefits not which property they are attracted to. “Heart Buying” is for the property you want to live in not the property you want to make you money. READ MORE