Your Savings Account: Choosing the Best

The Best Savings Account

How do you choose the best savings account? What should you be looking for? What are you saving for? Savings accounts vs transaction accounts A savings account is different from your normal transaction account. You use your transaction account for everyday spending. But these days, you’ll be lucky to beat .01% interest on a transaction […]

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6 Things to Consider When Buying Property to Rent on Airbnb

investment property, rentvesting, airbnb, investment property airbnb, mortgage broker

Airbnb has turned the holiday accommodation industry on its head: Airbnb currently has accommodation available in over 65,000 cities and across more than 191 countries. Anyone with a property, or even just a room to spare can potentially make some handy cash from this new segment of the travel market. Odds are you’ve stayed at […]

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Getting a mortgage while on paid maternity leave

pregnant, maternity leave

It’s not long now until you’re on maternity leave you’re probably wondering “has anyone been approved a home loan whilst being pregnant?” You have your birth plan organised, the baby’s room is prepared, painted, with a crib, change table and rocking chair set up, and the pram is sitting in the corner. You have a budget […]

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What does LMI mean and Why do I have to pay it

Property Success: An Investor's Mindset

Buying property almost means learning a new language. One of the most common acronyms is ‘LMI’. LMI is a term used by banks, lenders, mortgage brokers, accountants and financial planners when discussing buying a property and your loan requirements. But what does LMI mean and why do you have to pay it? Definition of LMI LMI stands for […]

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What does LVR mean

LVR

Buying property almost means learning a new language. One of the most common acronyms used by banks, lenders, mortgage brokers, real estate agents, accountants and financial planners is LVR. But what does LVR mean? Definition of LVR LVR is an acronym that stands for ‘loan to value ratio’. LVR is calculated by how much of a deposit […]

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What does Cross-Collateralisation mean?

Buying property almost means learning a new language even if you have purchased property before. You’re likely reading this because you’re ready to buy another property. ‘cross-collateralisation’, ‘cross collateral’ or ‘cross securitisation’ is a term that has been mentioned to you but what does it mean? And should you agree to a cross-collateralised loan. Definition of cross-collateralised […]

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What’s the difference between a desktop, kerbside and full valuation?

investment, investment loan, investment finance

Buying property requires valuations to be completed before the lender will provide unconditional loan approval. The ‘bank valuation’ (as opposed to a ‘real estate valuation’) will be completed in one of three different ways. A lender may arrange for a valuation to be completed on your property either by a; desktop, kerbside and full valuation but […]

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How to Decide Where to Buy an Investment Property

Investment Property Location

Location, location, location. The first thing most of us look at when selecting an investment property is its location, starting with which state, then suburb and street in the suburb, and finally which specific property in the street. If the property itself isn’t quite right, you can always renovate, but it’s not as easy to […]

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Can a Single Person Buy a House?

Property Success: An Investor's Mindset

Are you single and starting to think about buying your own home? Don’t wait for a knight, or lady, in shining armour to come along because obtaining a home loan while on a single income is possible. Of course, just as if you were part of a couple, your borrowing capacity will depend on your […]

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