Shail - Property Investment Advisor

09/12/2020

Are you missing out on significant savings by not switching? 💰

According to the ACCC Chair, Rod Sims, "A significant number of Australian home loan borrowers have not switched lenders for several years, yet they stand to save so much money by doing so."

“If you are someone with an older loan, you might be surprised to know that borrowers with new loans are likely walking into the very same lender you have your loan with and getting significantly lower interest rates.” Mr Sims said.

Many "older" home loans carry significantly higher interest rates, which have been slashed due to the unprecedented economic impact of COVID-19.

Regular reviews of your home loan can save you thousands especially in this economic environment.

If you haven't had a home loan health check lately, contact the team at RPA today. 👇

https://www.residentialinvestment.com.au/book-a-free-strategy-session

30/11/2020

Great to see the homebuilders scheme extended. 👏

Keeping our tradies on the tools. 🛠️

Read the quick 2 min article to find out more details 👇

Industry groups welcome federal government announcement it will extend the HomeBuilder program for another three months and raise price caps for homes in Victoria and NSW to reflect their higher property values.

27/11/2020

One of the big questions we get asked here at RPA,

Can I use the equity in my home to buy an investment property?

Firstly, what is equity?

Just briefly, equity is the difference between the current value of your home and how much you owe on it.

The answer to the question is …. Yes, you can use the equity in your current home as a deposit for an investment property.

So how does it work?
Well, if your home is worth $500,000 and you still owe $200,000 on your mortgage, you have $200,000 of usable equity towards the purchase of an investment property. Banks will typically lend you 80% of the value of your home – less the debt you still owe against it. This is considered your usable equity.

With this usable equity you can spend four times the amount of your usable equity on an investment property, subject to being able to service the loan. At least that’s the general rule of thumb.
This is a great way to put your money to work and obtain an income producing asset.

We understand that there are many things to consider when investing. That is why the team at RPA are here to help.

Contact the team today for your FREE strategy session so we can help answer any questions you may have and help you along your investment journey. 👇

https://www.residentialinvestment.com.au/book-a-free-strategy-session/

25/11/2020

POOR - When you have too much month at the end of your money!!

On the other end of that is financial freedom -

Financial freedom usually means having enough savings, financial investments, and cash on hand to afford the kind of life we desire for ourselves and our families.

It means growing savings that enable us to retire or pursue the career we want without being driven by earning a set salary each year. Financial freedom means our money is working for us rather than the other way around.

Where are you on this spectrum? 🤔

Is it time for a financial check up?

Have you got a free 30 mins for a FREE financial strategy session?

Maybe it's time to make time.

Book your session today. 👇

https://www.residentialinvestment.com.au/book-a-free-strategy-session/

24/11/2020

Teaching children to be smart with money gives them a vital life skill. 💸

What are you teaching your children about money?

Are you being the best example you can be?

Click the link to read our latest 3 min blog about the importance of teaching children about money.

As we all know money is essential in our kids everyday lives, it feeds us, puts clothes on our back, and puts a roof over our heads. However a lot of parents are not talking openly about the topic of money to their children

24/11/2020

Here at RPA we are asked many questions from our clients, so we thought it would be helpful to share some of these questions with you all.

Why should I invest in property? 🤔

Well, property investment is a tried-and-true investment option that’s historically proven to be more stable and more predictable than many other investments. Even if you invested in the worst house at the worst possible time, the chances are good that the property would still go up in value over time.

History has proven that real estate is possibly the most forgiving investment asset.

Investing in property is not just for the wealthy however according to the BRW Rich 200 list, which is published each year, property has consistently been the major source of wealth for Australia’s multimillionaires. And it’s the same all over the world.

There are many compelling reasons to invest in property. But we understand that it can be scary, especially for the first time investors, that is why we are here to help make the whole process smooth.

So please feel free to book a FREE appointment so we can help get your questions answered for you. …
Book a time today. 👇

http://ow.ly/IjpH50CsQrH

23/11/2020

Positive news 👏

This week’s volumes are not only higher than last week’s 1,728 auctions held, but the highest number of auctions held since the week ending 5th April.

In total, there were 1,791 homes scheduled for auction across the combined capital cities this week and of the 1,442 results collected so far, 73.6% have reported a successful result.

20/11/2020

Stop waiting for Friday to come around each week. 🚫

Start investing in assets that produce income whether you work or not.

If you’re serious about reaching financial freedom, then ditch the non-essential items. Instead, let’s look into spending money on income producing assets.

Contact the team today for your FREE investment strategy plan.

http://ow.ly/rPse50CpKYO

19/11/2020

What a great result for our clients. Being a part of an UDIA award winning development on the Gold Coast.

To learn more about our next developments, contact the team today.
http://ow.ly/MYN750CoH2W

17/11/2020

When it comes to getting a loan approved, spending patterns play a significant role in whether a bank will provide you with that loan to purchase your dream home or that investment property.

Analysts at UBS estimated that 80% of all Australian home loans were approved using the Household Expenditure Measure, or “HEMs”. Based on that fact, our expenditure plays a significant role in that approval process.

We came across this article which covers how spending habits are used by the banks when it approves loans, and how that Netflix subscription could derail your loan application.

Click on the link to find out more.👇

Living expenses are a big factor when it comes to applying for a home loan. Your lender will want to know how much you spend each week on groceries, takeaway, coffee and the gym. But have you accounted for everything? Many people don’t realise what else is included on the list of living expenses.

13/11/2020

Friday Fun Fact 🏡

If you have visited Scotland you may have noticed a surprisingly high ratio of red doors. The reason?

These hard-working homeowners have successfully paid off their mortgage and are out of the red!
Yes it's true - In Scotland homeowners paint their front door red once they’ve paid off their mortgage!

12/11/2020

What is considered a modest and comfortable retirement lifestyle for retirees?

A modest retirement lifestyle is considered better than the Age Pension, but still only able to afford fairly basic activities.
A comfortable retirement lifestyle enables an older, healthy retiree to be involved in a broad range of leisure and recreational activities and to have a good standard of living through the purchase of such things as: household goods, private health insurance, a reasonable car, good clothes, a range of electronic equipment, and domestic and occasionally international holiday travel.
Both budgets assume that the retirees own their own home outright and are relatively healthy.

Below are the budgets for various households and living standards for those aged around 65.

▪️What are your thoughts regarding this budget?
▪️Could you live comfortably on the recommended amount?
▪️Will this amount enable you to do the things you have always wanted to do?

Remember your super is your future!!

There are a number of ways you can actively grow your super to make a positive difference to your lifestyle in retirement.

Contact the team at RPA today to start actively planning your future.

http://ow.ly/ptK850CjfPQ