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It doesn’t seem that long ago when would-be homebuyers could take out 100 per cent loans – or even 105 per cent – to buy a property. The GFC mostly resulted in the end of such shenanigans but there are still low deposit home loans on the market today. The big question, of course, is whether this type of loan product is the right one … Continue reading The Risks of Low Deposit Home Loans – Andrew Miarms
As the property investment sector matures in Australia, more and more investors are looking to small development as a way to improve their overall financial position. There are a number of ways that investors can create wealth through property development, including subdivision. But what are the ins and outs of buying a house to subdivide in Australia? What are the costs and the steps to … Continue reading Buying a House to Subdivide – Development Fundamentals
Saving up for a deposit on your second property come seem somewhat out of reach, particularly when you’ve already got mortgage repayments to worry about. So how are property investors managing to get their hands on the money to build their property portfolios? The answer to this question is equity. Equity is one of the greatest benefits of owning your own home. It’s somewhat of … Continue reading Accessing Your Equity (And Using it to Your Advantage)
Buying a new property – whether it’s your first home or your 10th investment property – is always an exhilarating experience. But in the excitement of your new real estate prospects, it is important not to rush past the important bits. Remember, it’s the job of a real estate agent to put the pressure on you to sign contracts and get locked in. A … Continue reading Don’t sign a contract of sale until you’ve read this – Andrew Mirams
The number of property investors in Australia has been growing for the past two decades as more and more people choose to create a better financial future for themselves. With this growth in property investment, there has also been an increase in the number of people providing property investment advice but unfortunately not all of this “advice” is qualified or wise.In this article, we’ll outline … Continue reading The Risks of Property Investment – Andrew Mirams
Whether you’re a first-time home owner or a seasoned investor, we all want to find the best deal for our mortgage. With an abundance of lenders and loan types paired with the complicated jargon and hidden fees involved with financial services, it is difficult to find the loan that best suits you. When you’re researching home loans, your understanding of what a ‘comparison rate’ is … Continue reading What does comparison rate mean for home owners?
Divorce can be one of the most stressful experiences in someone’s life. As well as its significant emotional impact, there is also likely to be a financial impact of divorce. It’s during times like these that it’s important to have the right information on how to proceed and the right people to help you understand your financial rights and responsibilities as well as any … Continue reading The Financial Impact of Divorce – Andrew Mirams
Buying your very first home can be both an exciting and daunting process. Navigating the maze of finance, home loans and the property market can be challenging for even seasoned investors. So how are the newcomers meant to get their foot into the property market bubble? The good news is there are lots of options and support out there for first time home buyers. … Continue reading HOW TO BUY A HOUSE: The Key Steps for First Time Home Buyers
Stamp duty is one of those extra costs that is rather easy to forget when you’re buying property but can really add up to your total cost. It is tempting to dismiss it when deciding what you’re willing to pay for your next Investment property but don’t fall into a trap. Depending on the property, or asset, you could be looking at tens of … Continue reading Understanding Stamp Duty
Introduction Self-managed super funds (SMSFs) are a way of saving for your retirement. The difference between a SMSF and other types of funds is that the members of an SMSF are usually also the trustees (or directors). This means the members of the SMSF run it for their own benefit and are responsible for complying with super and tax laws. In this article, we’ll look … Continue reading Buying property with self-managed super funds – Andrew Mirams
