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Can your first home be an investment property?
Housing affordability is a big topic floating around in some circles - particularly if you're a millennial trying to break into the market1.
The beginners guide to property investment
Starting off in investment can be a confusing business, but there are few basic questions that every budding property buyer needs to ask themselves before starting to look at their options in home loans. Here are two to get you started:
5 quick ways to update your kitchen over a weekend
Let's face it, we live in a busy world. Australians spend, on average, 10 hours a day working1 - much higher than the average. Being so time-poor but ambition-rich, sometimes you might feel like you don't have any time to do anything at all, much less update your kitchen.
What should you check when inspecting a property?
Taking out a home loan is no small matter. You may be dealing with hundreds of thousands of dollars and a decades-long financial commitment. This can be true in the current environment: across the five main capital cities, the median home value was more than $700,000 at the end of January1. But on the flipside, you could be using it to buy into not only a fantastic home, but an investment in your future.
Renovating in stages and on a budget
When we purchased our first home, it was a huge old art deco apartment with amazing features, but literally falling apart. The bathroom was in a state, the kitchen was even worse. Not even mentioning the yellow stained walls and dirty old blue carpet. We really had to use our imagination for the final outcome. It wasn’t really liveable, pretty much everything needed redoing, yet like most first home buyers, our budget was stretched and there wasn’t much left over to renovate.
Decorate in style and for less with vintage
One of my favourite looks for the home is a mix of vintage and new. It can also be a very affordable way to decorate.
Creating an affordable and stylish outdoor area
In the Australian climate, we spend a lot of time entertaining outdoors. It’s literally another room in the house, so it makes sense to treat it like one.
How to save for that house deposit
Buying your first house isn't necessarily just a matter of being frugal. For example, it might be the case that salaries may not have kept up with the pace of property prices in some major cities and regional centres. Given this, what options are there for those wanting to get into their first home?
Saving for your first home
Saving for your first home can sometimes seem as daunting as scaling Mount Everest. Lots of hard work over a long period of time with many challenges along the way. And whilst we can’t guarantee you heights of 28,000ft, the feeling of finally purchasing your own home is a pretty exhilarating experience.
Is your home loan working as hard as you are?
As the single biggest household expense, the cost of mortgages puts pressure on every other item of household spending. Now more than ever, it is critical to ensure you are getting the best deal on your home loan.
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