Diving into the world of property investment can be both exhilarating and daunting. With the potential for considerable returns, it’s tempting to jump right in. However, it’s essential to be aware of common pitfalls and arm yourself with strategies to navigate them. Here’s a guide to help you avoid four common mistakes when buying your first investment property. 1. Poor Cash Flow Management Understand Initial Costs: Before even looking at properties, familiarise your...

Are you planning to purchase your first home or investment property? If you’re new to buying property, here’s how the home loan application process works. Understand your borrowing power When it comes to buying a home or investment property, the first step is to get a clear picture of your borrowing power and budget. How much can you afford to spend on the property? What repayments can you reasonably cover? Having a budget in mind will help you narrow down your property searc...

Spring typically sees an uptick in property sales and this trend looks set to continue in 2023. With property prices rising in recent months, it’s important to understand how to negotiate like a pro if you’re on the hunt for a bargain this spring. Here are 4 tips to help you negotiate the best deal this season: Tip 1: Comprehensive research A deep understanding of the local property market can be a significant advantage. You’ll be in a better position to make an offer or...

Managing a mortgage can be challenging, especially when faced with growing expenses. However, with a clear plan, you can make significant progress towards paying off your home loan sooner. Here are our 7 practical tips to help boost your savings. 1. Implement and monitor a budget Use our Budget Planner to categorise your spending & quickly review your finances. Regular checks can help ensure you’re adhering to your budget and savings goals. 2. Develop a sustainable plan to cut ...

  Spring has sprung and in the property world, it’s an exciting time of year.  So, what will this year’s spring selling season look like? Property prices are still on the rise in many markets, despite the Reserve Bank of Australia’s recent interest rate hikes. Property prices rose 0.7% in July – the fifth straight month of gains. Listings are also on the rise but remain below 2022 levels. If you’re a prospective buyer, you’...