Wealth building Archives - Focus Property Wealth

Buying an apartment vs a house as an investment

03 November 2024

Do you want to jump into the property market but don’t have the budget to buy a house? A unit or apartment could be a great way to get your leg up on the property ladder. According to CoreLogic data, unit values are now rising at a faster rate than houses in more than half…

Rentvesting: is this a good option for first-time buyers?

15 August 2024

With today’s cost of living pressures and the median dwelling value in Australia now at $794,000, many young Australians feel like they’ll never be able to enter the property market. However, it’s important to remember there’s no one-size-fits-all approach to buying your first property. For some, it could be a home to live in. For others, rentvesting…

Refinancing your home loan: how does it work?

19 January 2024

When you’re busy with life, refinancing can seem like a hassle. However, with a mortgage broker to guide you through the process, it doesn’t have to be! Refinancing may allow you to switch to a more competitive home loan, thereby potentially saving you money in interest. It can also help you achieve other goals, like…

Smart Investing for the Budget-Savvy

18 August 2023

Perth property investment market is going very well, much of this success is to do with the WA property markets affordability in comparison to other states. Is a small budget holding you back from property investment? Think again! So you might be surprised to learn that you don’t need a hefty bank balance to dive…

How your HECS-HELP debt affects your borrowing capacity

11 May 2023

Do you know how much you owe on your HECS-HELP debt? While student HECS and HELP loans in Australia are interest-free, they are indexed every financial year based on a cost of living index. The recent outbreak of high inflation means millions of Australians with student loan debts are facing a 7.1% increase from 1…

How to manage your own investment property

24 April 2023

How to manage your own investment property? It’s time to find some quality tenants and sign them up to a lease. When it comes to this step, you can go one of two ways. You can pay a property manager to take care of the nitty gritty for you. There are all sorts of perks…

4 habits of successful property investors

24 September 2019

West Australians love investing in property, and it’s no wonder why. The Perth property market offers a myriad of opportunities to potentially grow wealth, irrespective of one’s professional background or skillset. However, there are certain habits that successful property investors often have in common. Let’s take a look. They are proactive about self-education In order…

Perth property market update

12 May 2019

When will the Perth Property market return to growth? With so much focus on the NSW and Victorian property in media it is important to understand Australia has many individual property markets and Perth has been doing it tough for many years now. You may recall way back in 2006, Perth's median property prices…

Neat ideas for renovating a small home

27 June 2018

Last year, the Federal Government introduced down-sizing incentives aimed at the baby-boomer set. Add this to rising capital city property prices that give just about everyone an incentive to cash-in on their big home, and it’s not surprising that more and more people are looking for smaller, less expensive places to live. However, when faced…

Should I buy an investment property?

22 February 2018

To buy an investment property in 2018, or not to buy? With more than 15% of Australian taxpayers owning at least one investment property, it’s a big question on many people’s minds right now. So, what’s the answer? Last year saw some major curveballs thrown to property investors, which may have left you wondering whether…

6 questions to ask your mortgage broker

07 February 2018

Did you know that your mortgage broker can help you with a lot more than a home loan? Mortgage brokers are qualified as ‘credit advisors’, so we can be of great benefit to you in a variety of different ways when it comes to your finances. To start you thinking about maximising your financial goals…

Wish you could take longer holidays and spend more of the summer in the great outdoors? Caravanning is a great way to make the most of your holiday budget and is increasing in popularity. Last year, we Australians made more than 11 million trips and spent more than 51 million nights in our caravans and…

What to look for in an investment property

16 January 2018

Buying an investment property can be a clever way to build wealth for your future. There are government incentives that make this form of investment great for mum and dad investors - such as the potential to claim back losses as a tax deduction. So, how do you go about finding the right property for…

3 things every new landlord needs to know

04 January 2018

Buying your first investment property is exciting, but it also comes with new responsibilities. When you’re on your L-plates as a new landlord, it’s important to be aware of your rights and obligations and those of your tenants. Here are some of the essential things that you should know. 1) Go it alone, or use…

How to beat the urge to splurge

22 November 2017

Christmas is just over the horizon and decorations are already starting to appear at the local shops. It’s a time of year where it’s almost common practice to splurge so it is time for a Christmas budget ! Marketers are all working hard to encourage you to buy, buy, buy and you may have already…

What is the best time of the year to sell your home?

31 October 2017

When selling your home, your main objective is to get the best possible price. So when should you put it on the market? Does the time of year make a difference? The answer is that it depends on the property itself. The time of year can make a difference in some cases, however the location…