These 'Strategies & Financial Concepts' are what I used to create a million dollar property portfolio, and it's what I advise clients on in my daily work as a Finance Strategist.
Property investing is just like any other business and should be treated with as much diligence and careful management. Property is an enabler of creating wealth and of achieving true financial freedom, but only if you play the game right.
In my line of work I often get asked this question. When is the best time to sell my Investment Property? My standard answer is usually "never". However I then follow by saying..."so long as the property is performing".
In a moving market it can be very challenging to secure your desired property in the suburb of your choice. Why? Simply because the competition can be too much and some people either give up or compromise on their choice! Off market properties could be the answer!
The hour glass of life certainly doesn't stop for anyone! Can you believe this Financial Year is almost over? 30 June will be here before you know it, so it's important that you're across a few key financial matters to ensure you don't miss the boat.
I recently asked a few clients how they go about managing their household bills, from the moment they open the post to when the bill is paid and filed away. I made an interesting observation which led me to write this blog today. "Whether you think you can or you can't, you're right."
Underquoting is a topical issue right now. The government has been vocal of late about introducing new laws to protect the consumer from being (continually) smashed at auctions.
Negative Gearing is a hot topic right now. It's been making headlines (yet again), however this time both sides of politics are weighing in on the argument. GST debate move over, it's now about tampering with negative gearing!
Buying property in Super can be a sound strategy. Whilst borrowing in Super is still available with some lenders, the rules have tightened up considerably.
When there's any movement to interest rates, mortgage holders start to consider fixing their home loan rate as an insurance policy against future rate rises. Fixing your home loan rate may be smart when you consider where rates are at today, however your decision should be based on strategy and forward planning as opposed to speculation.