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Rent Vs Buy?

Rent Vs buy? For some, renting makes good financial sense. For others, it’s just money down the drain. For you it may be a question of short-term convenience versus long-term financial growth, which can make it a difficult decision to make. In this article, we break down the pros and cons of renting and buying,…

3 things every new landlord needs to know

Buying your first investment property is exciting, but it also comes with new responsibilities. When you’re on your L-plates as a new landlord, it’s important to be aware of your rights and obligations and those of your tenants. Here are some of the essential things that you should know. 1) Go it alone, or use…

Is now the right time to buy your first home?

If you’ve been dreaming about purchasing your own place, but a niggling voice in the back of your mind has been offering up objections, we’re here to tell that voice to pump the breaks, champ! In this article, we tackle some of the common objections first home buyers may have to buying right now, and…

How to beat the urge to splurge

Christmas is just over the horizon and decorations are already starting to appear at the local shops. It’s a time of year where it’s almost common practice to splurge so it is time for a Christmas budget !  Marketers are all working hard to encourage you to buy, buy, buy and you may have already…

What is the best time of the year to sell your home?

When selling your home, your main objective is to get the best possible price. So when should you put it on the market? Does the time of year make a difference? The answer is that it depends on the property itself. The time of year can make a difference in some cases, however the location…

6 strategies for first home buyers

Saving a 20% deposit for your first home is no easy task – particularly if you want to buy your first home in Melbourne or Sydney where home values seem to be rising faster than most people can save. But the good news is that there could be ways to get around the problem. Here’s…

3 ways to start growing your nest-egg using real estate.

In Australia, the national past-time seems to be to save, save, save for a house deposit! People are making all sorts of sacrifices to get that all-important deposit together – from living with mum and dad into their thirties, to sacrificing life’s little luxuries. But why are so many Australians so very focused on owning…

Is your Interest Only Loan the best for you?

The last 12 months have seen a lot of changes to interest rates on home loans and investment loans and more recently interest only loans getting the regulators attention.   Now is the time to review your loan to see if you can reduce your loan rate and perhaps even pay it down faster. What is…

First home buyer? what to look out for when inspecting properties

  If you’re a first home buyer and new to inspecting properties, it can be difficult to know what to look out for, especially when you’re excited about your first home purchase! Well, first-timers, we’ve got you covered. In this article, we’ve put together a 101 guide of things to be mindful of during your…

Questions to ask about your home loan

There’s a lot of benefits to using a mortgage broker and they can certainly help you speed up the process of property buying and your financial goals. A good mortgage broker can assist you in choosing the right home loan for your current and future needs as well as answering all your questions. Here’s some…

Property Investment – 6 Reasons why it is more popular than ever

Australians are a nation of investors . Over 60% of us hold additional investments outside of compulsory superannuation and increasingly, property is one of our most popular investment choices. But why? And is it the right form of investment for you? If you’re not sure, the sooner you talk to a qualified Financial Planner the…

Building a new home? How to finance it

There’s something thrilling about building your very own, brand spanking new home ! Perhaps it’s the knowledge that everything will be fresh and new, or the freedom that comes with being able to design the property to suit your own tastes and lifestyle needs. Always dreamed of having a lap pool? Why not! Like the…

3 Top Tips for Buying Your First Home

You’ve budgeted hard, given up loads of smashed avocado brekkies, saved your deposit and are ready to buy your first home. High five! There’s nothing quite like finally getting a foothold on the property ladder and moving into your very own pad, but it does require planning and research. With our help, you’ll soon be…

What Would you do?

A client came to us needing some advice. They had one mortgage with a chunk of it paid down and were looking to use the accrued equity. They were not sure what they wanted to do, whether to renovate the alfresco area or put in a pool. Or, should they use the equity to buy…

Tips for saving a deposit in 4 simple steps.

See us for a financial assessment - This allows us to organise a loan pre-approval for you and determine exactly how much savings you need for your deposit. We also determine whether you are eligible for the First Homeowners Grant. Create a budget - this is key. Start with using a small notebook and, for…

Busting the Housing Unaffordability Myth

Busting the Housing Unaffordability Myth For many young first home owners, the Housing Unaffordability Myth says that they have no chance of buying any time soon – you just can’t afford it. But Focus Property Wealth know that for what it is – a myth. Now is a fantastic time to enter the property market,…

Finance Update.

This last year has seen interest rates stay consistently low. What does that mean? Well, for Focus Property Wealth clients that took advantage of re-financing to a lower rate with us, it means they have saved thousands. (more…)

How to secure finance when buying off the plan apartments

Buying off the plan apartments is a very different process to a normal property contract. We always recommend our clients to seek legal advice before signing a contract but here are some key tips and considerations about the process of buying off the plan. Know your deposit amount Buying a property off the plan usually…