Are you in the market for your first home? Perhaps you’ve been dreaming the classic home buyer’s dream of a little house with a garden and a white picket fence? If this sounds like you, then you may have found that your property searches in 2015 were unrewarding. Could it be time to revise your vision and start thinking about buying an apartment instead?
2015 was a fantastic year for property in Australia. Our major property markets saw some significant capital gains and many property sellers made a good profit. 2016 promises to be another competitive year for property purchases, so if you want to get in on the action, you’ll need to be on top of your game. If your New Year resolution is to buy a property this year, here are some things you could do to help you succeed.
Are you a slip, slop, slap or coconut oil kind of person? At a famous bungee jump, are you looking or leaping? Do sharks keep you on the beach – or does the extra rush make the board-ride even better? Money can similarly polarise people. And they might even be couples co-investing in joint pursuit of a comfortable future. Just how much risk – which you can really think of as the potential to lose money – you can handle without turning into an insomniac. Take this quick quiz to size up your investment style.
They won’t break the bank – and might even make a profit. Mention the word “investment” and most think of real estate or shares – big money and maybe big risk. But investing doesn’t have to be large scale. It can be low-cost, low-risk – even a bit of fun.
Summer is finally here and it’s time of year when we all start dreaming of owning our own holiday home and enjoying endless sunny days by the sea. But is buying a holiday home really a good financial decision? Is there a way to make a holiday home purchase work as an investment as well?