Owning a holiday home provides multiple economic benefits, whether it’s used for personal holidays, a retirement home or an investment home.
Saving for a house deposit and finally purchasing a home can seem like a marathon task, but you might already be prepared enough? Here are some signs that indicate you might be closer to your own home than you thought.
What do novice investors need to know?
Last month, the Reserve Bank dropped the Official Cash Rate (OCR) to 1 percent. On 25 September, it held at that rate but the commentators are saying another cut could be in the offing. If you rely on bank term deposits for your income, this is not good news.
Look at location When looking for an investment property, location is key. If the location is chosen carefully, the rental income could be far greater than a property in an undesirable area far from amenities. Think about close proximity to public transport and schools, parks, medical facilities and libraries, shopping centres, cafés, restaurants, beaches and […]