I’ve often said that any problem money can solve isn’t a problem – it’s just a question of how motivated you are to find the funds and get it sorted.
The value of your house will constantly be in flux. Factors such as size, location, the economy and even cleanliness can all tip the scales in a major way. While it might seem fruitless making any effort to regain some control here, home extensions can always add a bit of financial flavour to the value of your home.
Then consider yourself lucky! Whether it’s a loan on your own home or an investment, right now Australians are paying the lowest interest rates on record.
We’ve all heard the stories from elderly relatives, about how they bought their first home, a new motor car, and a three-piece lounge suite and still had change from $100.
A veteran broker discusses the questions to ask before making the decision, and how the process works
There are plenty of mistakes that novice property investors make that can derail them. These can range from simply buying the wrong property for the wrong price to not having any rainy day money in their kitty (a buffer).
Consider all the pros and cons very carefully to avoid any major financial losses
Sometimes it can seem as though other people were born lucky. Rich parents, inspiring mentors, opportunities handed to them on a platter… it’s hard to believe the average Aussie can compete with this kind of advantage.