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December 2013

Warren’s top 10 property market tips to come out on top in 2014

If you are looking at purchasing an investment property in 2014 then here are my tips on how to succeed: 1. Understand the demand and supply of the market You need to understand the market forces and how they will affect property. Knowing what the demand and supply expectations and what could influence them are a must if you are to stay ahead. The key is to not only know where they are now but predict where they are expected to be in the next few years. 2. Have a strategy and a timeframe Set yourself clear goals, both long …

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Taking care of your investment property over the holidays

The festive break gives you the perfect opportunity to improve your investment property. Now is a great time to get everything in order to avoid stress later in the year. Here are some tasks you should do: Contact Your Tenants If your tenants are vacating you should already be on the hunt to find replacements. The start of the year is a popular time for people to move out so there is often an influx of rental properties into the market. By advertising now, before your current occupants have left, you can avoid getting mixed in with the crowd and secure a tenant …

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Perth Property Report December 2013

Over the past 12 months Perth has recorded an 8.9% increase in home values. This is above the capital city average of 8.0% and is second behind Sydney, 12.5%, for the highest growth. Hobart was the only capital to have had a decrease in home value change with -1.4%. In the three months to November Perth home values rose by 2.5% which was lower than the 3.0% average. However this is inflated by Sydney’s impressive 5.8% rise and is the only city higher than the average. Compared to it’s previous peak Perth experienced a 2.3% increase in home values, the …

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Redraw vs Offset: What’s the best choice for you?

Both can save you money and pay off your home loan faster but which is the right choice for you? How they work Redraw A redraw feature allows for additional payments to be made directly into your home loan thus reducing the principle balance and therfore the overall interest charged. You can withdraw/redraw this excess when you need it. By paying the money directly into the loan, a redraw facility allows you to directly reduce the balance of your loan, rather than simply reducing interest paid in the short-term. For example if you have a $300,000 loan with a $20,000 …

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Christmas Saving Tips

Christmas and New Year should be the most enjoyable time of year but it can also be one of the most stressful. The cost of presents, food and decorations can add up and put a real strain on savings. Many people have to cut back to basics to celebrate but it doesn’t have to be that way by doing the following. Plan well ahead by making a shopping list detailing exactly what you need and approximately how much it should cost. Make a budget from there and stick to it, no last minute pick ups that can blow out the cost. …

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Improve your chances of getting the best home loan deal

A mortgage is usually the biggest investment a person is likely to make in their life. It can be a long, stressful process so having a good understanding and preparation is of the utmost importance. By satisfying the requirements lenders look for can significantly improve your chances of getting the best home loan deal, saving you tens of thousands of dollars. You should have an ultimate goal when applying for a home loan. To achieve your desired outcome you will need to make yourself a budget and adhere to it for at least six months. You will also be required …

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