Hi Wayne and Therese,
You need a good financial advisor, and as I run a full service finance company, I can speak with some personal experience and honest and obvious bias.
We see hundreds of clients a year, and I would say, as a guide, I wouldn’t bother with an SMSF unless you have $200k in your super account. The value of the property you can…[Read more]
There are a lot of variables to consider here, and I agree with Benny that a Real Estate Agent has a vested interest in selling you a property in an area that they are listing. So that advice will be heavily biased.
It sounds like you are looking to buy an existing property, as opposed to buying off the plan. Both options present…[Read more]
Couldn’t agree more “Cash is still King.” Think of the trades, extra work that is done using cash, the saving that are made and the benefits you mentioned for making small donations to those in need. Not to mention all the small surcharges that the providers and banks are making on ridiculous small transactions. Buy a coffee, pay 1.4% surcharge,…[Read more]
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Sound advice there from Benny, it is good to source separate lenders, when mixing up your loans across PPOR and IP purchases. Diversify and minimise your risk where you can. I’m currently going through an equity draw down on an IP, and have been to a number of lenders and different loan structures to get it right. The figures I am…[Read more]
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