We all want what’s best for our children. So while investing in their name from an early stage might sound like a great idea, you need to tread as carefully as you would around an abandoned lego construction site.
We all experience times in life when we just can’t wait to get our hands on that shiny new item. But as the old saying goes: good things come to those who wait.
Asking how long it takes to get a loan approved is like asking how long a piece of string is. Every application is unique, so the time between your first contact with your bank or broker and approval can never be predetermined. There are, however, some things you can do to help hurry your application […]
When selling one property and purchasing another, the funds from the sale may not be available in time to use for the purchase deposit. There are typically two options in this scenario: a bridging loan and a deposit bond. Bridging loan A bridging loan is a shortterm home loan designed to allow you to initiate […]
As you are likely aware, the last six months has seen a sharp rise in interest rates for Interest Only (IO) Loans. This has been particularly prominent for Investor loans, but there were also market increases in the Owner Occupied (O/O) market also. If you had an Investment / Interest Only loan you were doubly hit! The regulators are […]
If you buy and sell an investment property, you may be required to pay capital gains tax (CGT) on that sale. It’s important to understanding this tax when buying or selling a home. What is CGT? This is a tax that you are required to pay on any capital gain earned on the sale of […]
While spring is renowned as the time that sellers dust off their properties and place them on the market, this doesn’t mean it is necessarily the best time for buyers to go shopping.
For most Australian’s buying your home is the biggest investment you will make that is why is it is paramount you structure things the right way which could end up saving you thousands. It can be an overwhelming experience, especially when it comes to finding the right loan at the right rate with the right […]
Breaks for first homes buyers To make the task of saving for their first home easier, eligible buyers will be able to divert their pre-tax income towards a special savings account. This will mean that saving a deposit will become a little bit easier. How can I benefit from this scheme? From 1 July 2017, […]
Most people would prefer to get into the property market sooner rather than later, and for good reason. Investing in property is like investing in anything else – the longer it takes to get in, the less financial reward you reap. The sustained rise of property prices most notably in Australia’s capital cities, has continued […]
Discover The New Smart Way To Enter Into The Property Market. Would you like to buy a property but sometimes thinks it’s out of reach? Do you want to enter the property market and still maintain a lifestyle you enjoy? Do you feel like you can’t save your property deposit at the same pace that […]
First things first…understand your financial goals and needs. Then, you can choose someone who can meet your goals and needs. For example, if you want your planner to provide investment advice, choose someone who is registered with their securities regulator. If insurance is a priority, look for someone who has an insurance license. At Scarlett Finacial, […]