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Showing posts from August, 2023

Underquoting or free market

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Buying your first home is once in a life-time, just like your first child, it is exciting and stressful at the same time. We save a great deal over years for the initial deposit and when its time to make the move... every opportunity seems to slip away.   We had it all figured out but then something does not add up!!!   You got that one right. Yes, the reality is that it just does not add up. So, what does not add up? Simply, its the expectations. What do you mean, we are honest and humble people looking to buy a decent home!!! That is absolutely right and it is not your expectations about buying a house those are off, its the expectations from the transaction. If you would allow me to explain? Sure, go ahead Buying a house is a set of transactions which directly and indirectly impact the outcome of the value of the property it would be sold for. Every time we see a property listed for sale, it has been appraised and is signed off by the owner to allow the realestate agent to ...

Rentvesting

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The practice of renting a property to live in while owning an investment property, has gained popularity in Australia due to high property prices. This strategy offers both risks and benefits to consider. Benefits Property Ownership : Rentvesting allows you to enter the property market as an investor while still enjoying the lifestyle benefits of renting in your desired location. Financial Diversification : Owning an investment property can diversify your investment portfolio beyond traditional options, potentially providing rental income and capital growth. Tax Benefits: Investment property-related expenses may be tax deductible, such as interest payments, maintenance, and property management fees. Risks Dual Financial Commitment : Rentvesting requires managing two financial commitments - your rental payments and the investment property expenses, which can strain your budget. Market Volatility : Property markets can be unpredictable, and while there's potential for capital grow...