Chat with Coralie | Home Ownership
127
archive,category,category-home-ownership,category-127,ajax_fade,page_not_loaded,,qode-theme-ver-9.2,wpb-js-composer js-comp-ver-4.11.2.1,vc_responsive
 

Home Ownership

If you own a property in Sydney or Melbourne, chances are, it’s increased in value considerably during the past couple of years. With your newly gained equity, you’re now a whole lot richer – at least on paper. You will either need to sell it or take up a new loan to unlock the equity. By taking up a new loan against your property, you could use it to purchase an income producing asset and start building your property portfolio. So, just to explain this easily: Current property value: $600,000 Mortgage: $300,000 Equity gained: $600,000-$300,000= $300,000 In theory, you...

Many Australians are finding it hard to afford to buy a home, especially when they have found the ideal suburb but a not-so-ideal price tag! So you have saved your deposit, and keep saving – only to be shown that property prices are keeping out of reach.  What do you do? Review where you can live Some of the suburbs just a 5 kms away from the ideal suburb may be within reach of your financial budget. Chances are if the neighbouring suburbs are slightly cheaper than the one/s you have been looking...

So, what’s the next step after paying off your mortgage after all those years? Research shows homeowners celebrate their financial freedom, then develop a new set of money goals.  It’s quite common for people who have paid off their homes to invest in property again. But first – there’s the holiday or well-earned break. After all, a mortgage term is a lengthy one. Property is still popular as we can touch it opposed to shares. With historic low interest rates, many are keen to invest in property while others like to invest in...