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6 Tips for Wealth Creation. Whether you dream of being a millionaire or just wish you had more money, there are actions you can take to set you on the path to wealth creation, here are the top tips most commonly recommended by experts.

6 Tips for Wealth Creation

Be clear about what you want Create a list of goals, things you want to have and dreams you want to realise. Use words and images to create a vision board of these aspirations and position it somewhere you will see every day. No Movement as Interest Rates Stay on Hold at 1.75% While the country is still distracted by uncertain election results, the RBA has voted for consistency, keeping the official interest rates on hold at the all-time low of 1.75%.

No Movement as Interest Rates Stay on Hold at 1.75%

This came as no surprise, with the chief economist of AMP Capital, Shane Oliver stating in advance that the RBA had “expressed a degree of comfort” following June’s decision and was most likely in “wait and see mode” with regard to interest rates. Meanwhile, the results of another vote – more commonly known as Brexit – has resulted in some experts predicting a greater demand for Australian housing as locals rethink their overseas moves and expats consider returning back to our fair shores.

Macquarie economic analyst James McIntyre believes that the decision could impact on population growth – and bring a boost to the housing market along with it. Get your Investment Property in Shape. Looking for a tenant for your investment property?

Get your Investment Property in Shape

Thinking of selling? The lead-up to spring is great time to do repairs and maintenance. Here’s a short checklist. What’s Hot in Property. The property market is dynamic, with trends changing from week to week.

What’s Hot in Property

Here’s what people are talking about right now. This may lead to a shift in the way the government addresses economic issues, with the Turnbull government set to be “a thoroughly Liberal government committed to freedom, the individual and the market.” At the heart of Turnbull’ economic ethos is the concept of a ‘free market’, encouraging competition wherever possible. Despite low interest rates, the rate of home ownership for those under 65 is declining, along with wages growth. International property investment hits dizzy heights International buyers continue to have strong interest in local markets, with many real estate agents actively courting overseas buyers to purchase high-end properties.

What is the Right Home Loan for Renovations. You’ve been dreaming of that new kitchen and dining room for as long as you can remember, and now the time has come to put your plans in motion.

What is the Right Home Loan for Renovations

Studies show that Investing in Property makes Money. If there’s any doubt in your mind about the value of property as a creator of wealth, new research from CoreLogic RP Data has found that you can’t go past real estate when looking for a profitable long-term investment.

Studies show that Investing in Property makes Money

Researchers used an automated valuation process to obtain current real estate valuation estimates, and from there calculated equity levels for homes around the country. The results clearly showed that in Australia, the average property is now worth almost double the amount of debt against it. This means home owners in either city or regional areas with a mortgage have accumulated 48.4% equity in their properties on average, which is the equivalent of $242,642.

New South Wales and Victoria have the highest average level of home equity at 56.6% and 49.3% respectively. The ACT came next at 42.8%, Queensland at 39.9% and South Australia at 39.4%. Even the lowest equity level, in Tasmania, was still an impressive 32.7%, worth $95,427. 6 things to avoid when selling your property. If selling your property was an exam, scoring 100 per cent would bring the reward of less stress and more money.

6 things to avoid when selling your property

How Property Investors Slash their Tax Bill. With some research, preparation and expert advice, smart property investors can turn an ordinary tax return into one that will help kick off the new financial year with a smile, here we list five different deductions that you can consider, but remember, always seek out professional tax advice.

How Property Investors Slash their Tax Bill

Claim every allowable expense There are around 20 expenses property investors can claim as tax deductions, including interest on loans, advertising for tenants, phone calls, cleaning, body corporate fees, legal fees and water charges. Refer to the Australian Taxation Office website for a detailed list. What to be aware of when buying an Off the Plan Investment Property. The rise of new apartment developments in our cities provides greater opportunities for potential home owners to buy an off the plan investment property.

What to be aware of when buying an Off the Plan Investment Property

There are benefits to this, but also a number of issues to be mindful of. Pay off your Mortgage or start Property Investing? Instead of waiting to pay off your first home, why not invest now?

Pay off your Mortgage or start Property Investing?

Property investing provides a good opportunity to build wealth, but it is not for everyone. Do you have Troublesome Tenants in your Investment Property? Most tenants are reliable, but if you own an investment property, chances are you’ll encounter at least one bad renter. From failing to pay rent through to causing damage or conducting criminal activity, these tenants can harm your return on investment. It can be stressful when things go wrong, but try to stay calm and professional, get familiar with the relevant legislation and address the problem promptly and proactively. Buy, Sell or Wait: When to make your Property Market Move. As we approach the end of the year, the so-called ‘property bubble’ identified by some commentators remains, though there are signs the property market could be easing. In Sydney and Melbourne, demand remains strong and housing prices continue to rise, but it’s a slightly different story in some other states, such as South Australia, and particularly in the resources-dependent regions of WA and the Northern Territory.

Melbourne currently leads the property pack, overtaking Sydney as the country’s best real estate performer since April, according to CoreLogic RP Data. However, recent figures from the Australian Bureau of Statistics indicate the housing boom may be slowing – at least for now. Investor interest in recent years is largely what has pushed housing prices so high in Melbourne and Sydney, but the ABS figures suggest the growth of property investors – who now comprise around half the total housing finance market – may have peaked. When is the right time to buy and sell? Like this: Intelligent property investment – stick to the basics.

Overwhelmed by the confusing game of property investment? Don’t give up just yet. 5 Reasons to Style your Home for Sale. Styling your home for sale is not a new concept but it has grown in popularity as anecdotal evidence suggests it can help your property sell faster and for a better price. Displaying a property’s full potential with property styling (also known as property staging) can be as simple as removing or adding a few decorative pieces or as extensive as refurnishing the entire home. Here’s 5 reasons why many real estate agents recommend it. Makes a great first impression. The 2014/2015 property market in review. From today’s vantage point, the 2014/2015 financial year was certainly an interesting one, especially for the property market. We saw interest rates cut further to bring them to the lowest levels in a generation, helping to fuel higher capital city house prices. We also saw the ongoing effects of the end of the mining boom and a fall in the value of the Australian dollar, good news for exports, but less so for Australians travelling (or shopping) overseas.

And although lower interest rates were a plus for those paying off mortgages, consumer sentiment was wary. Australians were working to pay off debt, and were most concerned about funding their retirement and the future of their families. 7 tips to help you win at a property auction. Invest in your small business with equipment leasing. If you’re running a small business, now is the time to think big, whether you are looking at expanding via equipment leasing or purchasing new business equipment assets. The Federal Government’s focus on small business in the May budget was designed to encourage small business growth through tax cuts as well as measures to reduce red tape, promote more start-ups and hire more employees. Steady as she goes for both property investors and home owners. A softer outlook for 2015 but investment property still hot. Australia posted only moderate economic growth in 2014. Investment property a firm favourite.

On house prices, let’s get real. What are the latest First Home Owner Grant Schemes? Lender Special $1,250 Home Loan Refinance Rebate. One of our panel of over 30 lenders has a special offer on at the moment, apply for a Home Loan Refinance with this lender to receive a $1,250 rebate to your transaction account after settlement. This offer will certainly cover any Home Loan Refinance costs easily and the interest rate offered could save you even more money. Gold Coast market update. Cashed up young blokes tend to stay living at home. Solar: The ‘No-Brainer’ That Could Take Suburbs Off Grid. Tips & Tricks – To Sell Your Property Quickly.

Spring has almost arrived and while we can all enjoy the warmer weather and longer days, for some spring heralds an increase in activity in the real estate market. Property Investment Outside the Inner City. What are the pitfalls of an “off the plan” Investment Property?