Things have certainly become better for average-earning households looking to borrow money for their homes. The pace at which they have been repaying the amount today places them really well with the repayment schedule. This, in a good number of cases, also provides them with a mortgage buffer sufficient enough to see them through periods of low income or unemployment.
Tracey's Property News
Is Buying Property With Sibling a Good Idea?
People have bought properties with siblings in the past and it is something they do even today. Big deal! Is it not a nice way to accumulate equity, fetch rental income and live free of cost as an owner-occupier at the same time? So, what should your life and situation be like to come out a winner from this co-ownership agreement?
Should You Buy Investment Property in Sydney in Spring?
There are certain questions for which the answers are never too direct or conclusive. I have often been asked whether spring is the best time to buy investment property in Sydney. You tell me! I can give you a good reason why it is and why it is not. Anyhow, let me discuss a few statistics with you before sharing what I feel about the question.
How To Maximise Rental Returns of Investment Properties
In my career, I have often been asked what kind of properties I associate with high rental returns. While there is no conclusive answer to this one, I feel that properties in good neighbourhoods of inner suburbs will never deceive you in terms of rental returns. This despite the volatility of the market!
What Errors Do Landlords Make?
You can go wrong with your ambitions of positive cash flow despite sealing a great investment deal and procuring a wonderful tenant. Often, the error is a miniscule one but it costs a fortune. Let us try and figure out a few of them.
Hidden Costs Attached to Purchasing a Home
There are costs other than the cost of property when it comes to the buying bit. Having the savings deposit with you may be 20% of the battle won but a lot still remains to be contested. For a start, how about the Lenders Mortgage Insurance you pay for the property to insure the lender against default and what about the Stamp Duty, which anyway is quite steep and way above the global average in our country.
