If you believed all of the media headlines, young people across the whole of Australia will never own property. According to media reports, housing affordability is the worst it’s ever been, so us “youngsters” should just give up and stay living at mum and dad’s – forever. Sorry, dad. Australia isn’t one market Even though I live in Melbourne, which has been highlighted as a city that’s … Continue reading How does a 23 year old get into the property market?
Part of Melbourne’s property landscape – and identity – has always been its iconic terrace houses. Built mainly in the 19th Century, they remain some of the most desirable properties in the inner-city with most ripe for renovation – if you can afford to buy one in the first place. After Federation we mostly stopped building them because detached housing had become more popular – and remained … Continue reading Are townhouses becoming more popular than houses in Melbourne?
Maybe you are like us and think that rent-vesting is the exclusive domain of first time investors struggling to get into the property market. Andrew Mirams from Intuitive Finance explains that it is becoming popular with astute investors. He also details how the banks are looking at rent-vestors. Watch this short video to get the complete lowdown on how you might be able to harness … Continue reading VIDEO – Rent-vesting explained – Andrew Mirams
It’s the age-old question, isn’t it? Who is better at finances? Women or men? Of course, each gender has their reasons why they believe they’re better than the other. From being more cautious with money to comparing phone plans to make sure they get the best deal, women and men generally do have different attitudes to finance. So rather than generalise about each gender’s financial pros … Continue reading Who is better at handling finances – women or men?
Brisbane has been in the property news a lot, and not all of it has been complimentary. The Sunshine State capital’s much publicised new unit oversupply has been hogging plenty of headlines, but is such coverage warranted? Cranes, cranes everywhere Back in the days of Queensland Premier Peter Beattie, he’d often pronounce that the numbers of cranes in the sky proved that the State’s economic … Continue reading Are Brisbane unit developments taking a breather?
Andrew discusses with Kevin the differences between financing an established property and starting from scratch with a new build. This can be where you buy the land and engage the builder or if you buy a new property directly from a builder. Andrew talks about the differences and how the bank may want to treat the funding differently. Continue reading VIDEO – Financing a new build property – Andrew Mirams
The “A-word” is in the headlines a lot lately isn’t it? When we say that, of course, we mean affordability. Would-be homeowners in Sydney and Melbourne are finding it increasingly difficult to get a foothold in the market. The great thing is that plenty of potential property owners aren’t giving up. No, instead they’re adopting some lateral thinking to solve a problem that really isn’t … Continue reading What you need to know about rentvesting
Did you know that back in the 17th Century tulips were seen as “assets” that could make you rich? In fact, according to various accounts, the demand for tulip bulbs in the Netherlands in particular soared from the early 1600s to 1633, when “Tulip Mania” hit and sent prices soaring. Before that period of time, the tulip trade was restricted to professional growers, but the … Continue reading What do tulips have to do with bitcoin?
One of the most common questions first home buyers ask is, “Can you buy a house with no deposit?” The thing is the answer to that question is not simple because the answer is “yes” but kind of “no” as well. That’s because the lending landscape has changed over the past five years and at this moment in time, lenders are being more conservative. But that … Continue reading Our guide to lowering the deposit on your first home – Andrew Mirams
Recently Andrew Mirams outlined the difference between a loan re-draw and an offset account. That video prompted a question from Peter: “Great video – I would like to understand line of credit verses an offset as well. Could Andrew do a similar video please?” Sure Peter – here it is. Continue reading VIDEO – Line of credit vs offset account – Andrew Mirams