How much deposit do I need to buy a house?
Posted by Mark Attard
on 21 June 2016
Here's what you need to know about saving for a home loan deposit in 2016.
We get it, home affordability for first home buyers in particular continues to be a major issue, especially in Melbourne and Sydney.
For example, Melbourne's median house price is $713,000, according to Real Estate Institute of Victoria data for the March quarter 2016. While Sydney's median sits just shy of $1 million.
What's more, you have probably noticed lenders have introduced stricte...
Posted in:Property InvestmentFirst Home BuyersBuilding Wealth |
Early Retirement, forget it when the kids are still at home!
Posted by Mark Attard
on 14 June 2016
Are you ready to spend the kids inheritance?
Don't worry, you're not the only parents having this conversation. And there are a few good reasons for having it. For example, 40 per cent of 20-24 year olds still live at home, according to the recent ABS Census. These so-called 'failure to launch' children are fast becoming "normal", according to researchers. Then there's the 'boomerang children', who return after leaving for a short stint overse...
Posted in:Smart Money ManagementRetirementBuilding Wealth |
3 things to understand before doing any home improvement
Posted by Chris Collard
on 6 June 2016
A renovation can be a smart financial move, if you plan ahead. Here's how.
A Renovation is (usually) a great way to increase the value of your home. Whether you intend on living in the house for years to come, leasing it out or selling, your home is an investment and improving it is often a smart financial move.
But, there are a few important considerations to make before rolling up your sleeves and getting stuck in.
1. Is your decision to renovate a lifestyle or a f...
1. Is your decision to renovate a lifestyle or a f...
Posted in:Property InvestmentUpgrading your HomeUpgrade My Home |
Investing regularly
Posted by Mark Attard
on 30 May 2016
Benefits to investing frequently
Setting your savings and investment goals requires a few simple steps:
Step 1: Figure out what you want to achieve
Your savings goals are very personal and may change over time. Be it retirement, a vacation or your child's education, everyone is saving for something. Write down these goals so that you can reassess in time. Step 2: Devise a plan
Get started by working out how much your bills cost each month (mortgage or rent, utilities, e...
Your savings goals are very personal and may change over time. Be it retirement, a vacation or your child's education, everyone is saving for something. Write down these goals so that you can reassess in time. Step 2: Devise a plan
Get started by working out how much your bills cost each month (mortgage or rent, utilities, e...
Posted in:Property Investment |
Is it time to start saving?
Posted by Chris Collard
on 30 May 2016
From piggy bank to longer term goals.
For many of us our savings begin when we receive some piggy bank money from our parents or grandparents. Then, as we get older, all of that hard hearned money from our part-time jobs move into our first bank account. We learn to earn small amounts of interest and get excited when those savings grow.
These first experiences teach us the importance of saving and budgeting. It's about setting expectations and understanding that with a re...
Posted in:Building Wealth |