Property Investment, Investment Properties, Retirement, Melbourne
by Jay Anderson
This month sees the introduction of the Comprehensive Credit Reporting system (CCR) – a new, process for keeping track of credit worthiness. Lenders will be able to review more information about the credit history of borrowers before they make lending decisions. What will the new credit scores mean ...
by Jay Anderson
Oh, if we only had a dollar for every time we've been asked this question. It seems to be a national obsession over the past couple years to find the next hotspot – the suburb or area that’s just about to take off. People spend hours and hours researching demographics, regional plans, mathematical ...
by Jay Anderson
This is an interesting question. You may have heard that investing in property is a good way to hedge against inflation. When inflation is high, many forms of investment (stocks, bonds, cash deposits) tend to return lower profits. Investments with real intrinsic value (gold, oil, and, to some ...
by Jay Anderson
We’ve mentioned before (here and here, for example), that you should be prepared for a long-term investment if you are getting into property. Here, let’s talk about why property pays off in the long term, but not necessarily in the short term. Economies work in cycles – large patterns of repeated ...
by Jay Anderson
We all have a built-in tolerance for risk. This determines the kinds of investments we’re comfortable with, and the kind of returns we’re likely to reap. Which of the following describes you best? I am risk averse For me, risk is a monster to be feared and avoided at all cost. I prefer cash ...
by Jay Anderson
You've got a wonderful investment property, and you’re claiming the mortgage as a tax deduction. Are you also claiming depreciation? If yes, are you sure you are claiming all you are entitled to? Depreciation is like wear and tear – it’s a recognition that your buildings and assets have a finite ...
by Jay Anderson
We often hear advice that we should work hard to pay off our mortgages as quickly as possible. This will, we are assured, save us a fortune in interest payments in the long term. But is this always the best advice? The answer is, well…it depends. Bad debt Is your mortgage on your family home? Is ...
by Jay Anderson
Nobody knows it all! Especially if you are new to property investing, it’s best to get some quality advice from sources you can trust. Even the most experienced property investors usually have a ‘dream team’ – people they can call on to help make their investments work. Who should be on your team? ...
by Jay Anderson
Here's another of our frequent questions: "I'm just about to buy an investment property. Should I pay off interest and principal with my mortgage or should I just pay interest?" The answer will depend on your financial plan and your current situation. Most lenders offer an interest only period of ...
by Jay Anderson
We’re often asked about the differences between offset and line of credit mortgages. We usually hear: "Which is best? Which should I go with?" Let’s have a quick look at what each mortgage is, and who it may suit. Remember, the best mortgage for you is the one that best suits your financial plan, ...