So, you’re thinking of buying your first residential investment property? There are a few things to consider before making the move. Here are our top 10 tips for avoiding potential difficulties and ensuring success. Know your goal Understanding your financial objectives is key to finding the right investment property. The actual property itself is rarely…
Christmas is a special time of year, but it can place huge demands on your finances. Here are some practical tips from local mother-of-three, and owner of Frangipani Finance Joanne Foltman who shares her financial savvy to help you survive the silly season. 1. Make a list and check it twice. Having a list will…
Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever. Used in conjunction with low rates, here are some extra steps that can speed up loan repayments and reduce your loan balance. Make higher repayments One of the easiest ways to quickly…
The amount you can borrow and the amount you should borrow are sometimes two very different things. Before you apply for a home loan, it makes sense to realistically assess your financial situation. Here’s how to do it. Understand your borrowing capacity Generally speaking, your borrowing capacity – what you can borrow – depends on…
“If a cluttered desk is a sign of a cluttered mind, then what are we to think of an empty desk?” said Einstein. So, if you’re a slob around the house, does that make you a genius? A psychological study from the University of Minnesota suggests the answer is “yes.” Researchers discovered that participants…