Too many Australians are still struggling with their finances. A recent survey of more than 2,000 people by comparison site Canstar found that one third of respondents weren’t comfortable with their financial position. That’s a lot of people!
An offset account can give you the freedom to “park” your own funds and save in interest whilst keeping the loan itself free of “personal” transactions. helpful if you are claiming a tax deduction on loan interest as most accountants will advise you not to deposit your own funds in and draw them out unless they are used for tax deductible purposes.
Should you time the sale based on the season or when it has become more of a liability than an asset?
Many people mistakenly believe that their "plastic fantastic" is actually their money, don't they? They don't understand that their credit card is in fact the bank's money – hence the word "credit".
Many people are feeling locked out of the housing market as the areas they want to live become increasingly unaffordable. Rent Vesting can solve this problem.
Successful property investment should be less emotional than buying a home to live in.
Investing in property remains the most popular wealth creation tool for Australians, and these small tips can help you maximise the profits on your investment.
Buying a property can be a real thrill. Walking through open homes, signing yourself up to a significant loan, becoming a landlord – it’s enough to get even seasoned investors a little giddy with the excitement of it all. Then... then the property just sits. And waits.