Are you considering buying an investment property in 2023? The word on the street is that 2023 will be the year savvy property investors re-enter the market, with some experts saying all the right ingredients are in place to create opportunities for strategic investing. Let’s take a look. Why now could be a good time to invest
The day you’ve been dreading is looming. You’ve enjoyed a record-low interest rate for a year or more, but now your fixed rate home loan term is ending. Do you, 1) hide under your bed and hope for the best; 2) trust that your current lender will give you a competitive rate when your loan
When you find a property you want to purchase, there are a lot of things to consider – from building inspections and pest reports to securing a loan. One other very important thing to consider is the valuation, particularly if you’re going to buy at auction. So how is a property’s value determined? What is
New year, new home? If next year is the year you plan to get into the property market, there are a few things you can do to help you reach your home ownership goals. Here are five things to consider to make your property search. Understand your borrowing capacity The amount of money you can
The new year is when many of us hit the reset button. It’s a chance to reflect on the past 12 months, reassess priorities and set new goals. If you’re looking to create some better financial habits in 2023, here’s some techniques to help you can get in control of your money. 1) Create a
If you are buying your first home, getting your head around home loan terminology can be tricky. Two acronyms you may come across are loan-to-value ratios (LVR) and debt-to-income ratios (DTI). Recently there have been important changes to DTI ratios that could affect your borrowing capacity. Here, we’ll run through what these terms mean and
It’s no secret that paying off your home loan sooner can save you plenty. However, with cost-of-living pressures and rising interest rates, it can be hard to find extra cash. A series of small changes applied consistently over time could put you on track to reach your goal sooner. Here are 8 tips to help
The search for your dream property can be both exciting and stressful. From the inspections that kick everything off to putting in your offer and having it accepted, these are all stepping stones on the journey towards ownership. It all culminates in the final step of the process – settlement day. Here’s what to expect
Stamp duty, also referred to as ‘transfer duty’, is revenue levied by states on transactions relating to the transfer of land or property. It is paid upfront and needs to be budgeted for, in addition to your loan deposit. The amount of stamp duty you are required to pay differs in each state, however there
While managing your own investment property can seem like a simple way to keep more of the rent flowing towards the mortgage, there’s a little more to it than making sure the house is standing and collecting the money. Managing your investment property appears straightforward – you find a tenant, they pay rent, and you
Credit representative 525543 is authorised under the Australian Credit Licence 329328.
Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product.
Southstead Pty Ltd (ABN 49643282562)
Copyright © 2024 Southstead Pty Ltd
