Investing in property can put you on the right path to financial independence but done wrong and it could set you back significantly. Make sure you give yourself the best chance to succeed by having the right finance and avoid these common mortgage mistakes: 1.Taking advice from unqualified people Would you trust the advice of someone who watches medical drama about your health? Most likely the answer is no, you would see an expert. The same applies to your home loan. You should seek the knowledge of a broker. They have an in-depth understanding of the market and can find the mortgage that is …

Valuations can be a vital part of determining your borrowing capacity. Which is why if you are looking to finance additional properties for your portfolio doing the following is a must: Presentation First impressions count so mow the grass, tidy the garden and give the outside a fresh coat of paint so the property has instant curb appeal . Inside make sure there is little mess or clutter (no clothes lying around or dirty dishes in the sink), everything is clean and there is a pleasant smell. Be truthful and polite Remember that most valuers have been doing their job for a long …

September was a slower month both around the country and in Perth. A reason for this could be the finals series for the major sporting codes, AFL and NRL. This is reflected in that only Adelaide (0.9%), Sydney (0.8%) and Brisbane (0.7%) recorded an increase in dwelling values for the month. Even though unit prices increased by 0.1% Perth’s dwelling values fell by 0.4% for September and along with Hobart was the only city to not have positive growth for the quarter. Median values across the capital cities sit at $559,700 for houses and $470,000 for units. Perth’s values are $530,000 …

Sydney kept up it’s strong performance in September but it was a slower month around the country, possibly due to the finals series for the major sporting codes, AFL and NRL. This is reflected in that only Adelaide (0.9%), Sydney (0.8%) and Brisbane (0.7%) recorded an increase in dwelling values for the month. Sydney had the greatest growth for the quarter rising by 4.1%. Perth (-0.6%) and Hobart (-1.0%) were the only cities to not have positive growth for the the past three months. Median values across the capital cities sit at $559,700 for houses and $470,000 for units. Sydney continues to be the most expensive city …