Tuesday 22 September, 2020
Buying (or building) an investment property is a big step, so it’s important to look at your circumstances to ensure it’s something you’re able to afford. Your first port of call should be your local finance broker (hey, that’s us!).
At Finance Brokers Tasmania we have helped thousands of clients build their property portfolios in our 35 years of business. It’s a careful and thorough process, and not something we take lightly – we look into your individual circumstances and offer sound advice to ensure you’re not going in above your head and can afford your repayments, while not losing the freedom to live and enjoy life.
When purchasing an investment property, it’s essential to budget accordingly. Finance Brokers Tasmania will review your assets and liabilities to determine how much you can borrow, which will, in turn, give you a general idea of your target price range, so you can narrow your property search to within your purchase budget.
We often have enquiries from clients looking to subdivide their blocks and build an investment property on their existing land. And with the government grants that are available at the moment, there’s never been a better time to build – you could end up $45,000 ahead!
Whether you’re looking to buy an investment property now, build, or need advice on how to plan for the future – give us a call. We’ll help you create the future that’s right for you.
When you consider a ‘hike’, what is the first thing that springs to mind? A walk through the bush or a sharp rise? The RBA lifted the official cash rate by 25 points to .35 percent last week – the first rise in 11 years. While we understand that a rate rise is never a good thing, interest rates are still at historic lows and we wonder if the use of the word ‘hike’ is a necessary one!
If you missed the 2022-23 budget announcements this week, you may have missed the incentives announced for home buyers. While most are not new, the government have increased the number of spaces available for eligible home buyers through their Home Guarantee Scheme.