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home ownership Tag

30 Aug

Posted at 11:01h in Finances, Home Ownership, Investing, Property, Real Estate by
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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...

24 Aug

Posted at 10:44h in Finances, Holidays, Home Ownership, Investing, Property, Real Estate, Retirement, Shares by
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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...