Are you ready for one of the most significant financial decisions of your life? Check out the following collection of posts to help you make the right financial decisions for your home purchase
A close friend of mine requested I write a post on this topic. I hope you find this useful. Let me construct a scenario for you. You are a few years away from retirement. Along with some modest savings, you also own your primary residence, which should be paid off by the time you retire. […]
What You Should Know About Reverse Mortgages Before You Retire Read More »
It’s a commonly held belief that wealthy people fund their extravagant lifestyles from their personal coffers. However, the reality couldn’t be further from that belief. There are two incontrovertible truths about the wealthy: They value assets over income They don’t spend their wealth, but instead accumulate The following post outlines how real estate keeps wealthy
How Wealthy People Use Their Property To Remain Rich Read More »
Home ownership is arguably the most expensive purchase for the average person. Coincidentally, it also presents the single-largest debt obligation. Obtaining a mortgage is difficult. Borrowers need to demonstrate they have a solid credit history and financial position. More importantly, they must establish they can manage a loan that spans multiple decades. They may still
What Is A Guarantee And Why Are They Important? Read More »
Housing is an essential product. Depending on who you ask, coffee is oftentimes grouped in the same category. Australian housing is not getting any cheaper. The median house price in Perth has risen to $500,000. That median house price was only $157,000 only 20 years earlier, which is a 318% increase! Now Perth’s housing market
If You Want To Own A Home, Stop Buying Coffee Read More »
The Australian property market has recorded incredible growth over the past decade. During 2011-2019, nearly 1.6 million new homes were built. In addition, the total housing construction value was $101.6 billion in 2019. While this growth has tremendous upside to Australia’s economy, there is a concern: how is this value insured and is there enough
Why Is Home Warranty Insurance So Important? Read More »
A mortgage is a long-term commitment that carries some hefty penalties if breached. However, borrowers can control how long they wish to be locked into a mortgage. The typical mortgage terms are 15-year and 30-year. Now most will instinctively opt for a 15-year as it’s shorter. However, it’s important to properly understand the implications of
Is A 15-year Mortgage Really Better Than A 30-Year? Read More »
So if you ask ten average investors, why is real estate such an attractive investment opportunity? My guess would be that at least 9 out of 10 would say it’s because of the tax benefits. One of the most notable tax benefits is in the form of negative gearing. Negative gearing was my saving grace
Negative Gearing and Its Role in Building Wealth Read More »
The topic of home financing is a convoluted one. There is plenty of scope to cover, even for an introductory note. In my experience, the best approach is to compartmentalise this subject matter into a series of digestible posts. With that said, I’m delighted to present a home financing series, covering the ins and outs
Home Financing Crash Course: Loan Type Breakdown Read More »
Having to save a sizeable sum of money can prove to be stressful for most of us. Most people’s current lifestyles and financial decisions make it practically impossible for them to accommodate a savings base into their budget. For instance, a survey conducted by ME Bank in 2019 found that only 1 in 4 Australians
How To Save For Your First Home Deposit! Read More »
Home ownership and leverage go hand-in-hand. Any first home buyer will find it practically impossible to finance a home purchase other than through debt (other ways include them being equity rich or know of a wealthy financial backer). By committing to a mortgage, you are effectively committing to two significant life decisions – owning a
First Home Buyer Debt: How To Secure And Manage Financing Read More »
