What is financial forecasting and what does it mean to you? It may be easier than you think. Recently, “financial forecasting” has become an industry buzzword. It may sound different, but at the end of the day, it’s simply the use of sound financial principles and tracking to create a budget that allows you to [Continue Reading]
Wealth Building Techniques for the 21st Century
The financial planners in our Perth office are often asked to give advice over the phone or by email. However, everyone’s financial situation is different. Consequently, we can’t really give any specific advice until someone has a conference with us and we get a full view of their finances. What we can do, though, is [Continue Reading]
The Basics of Borrowing for Property Investment in Perth – [Video]
Full video transcript below: I’m Nick Aves from Purely Finance. We’re mortgage brokers and I’m a licensed credit adviser. We specialise in helping investors of all levels, from people just looking to get in the investing market right up to people that are very experienced investors doing very large developments. Today, I just want to [Continue Reading]
How to Get the Most Out of Financial Planning Services
What you need to know to make financial planning services work for you from right here in Perth. If you are a beginning investor, congratulations. Rest assured that even the most successful investor was a beginner once. The most important thing that seems to separate the successful from the unsuccessful is that most successful investors [Continue Reading]
Will the Budget Impact Your Property Investment?
What your finance advisor wants you to know about the budget and its possible effect on the Perth real estate market. According to the Index of Consumer Sentiment published by the Westpac Melbourne Institute, consumer confidence in Australia dropped this September after the Index had stabilised the past months. This news has eroded the hope [Continue Reading]
How to Save Money on Your Credit Cards
Our financial planners and mortgage brokers look at a lot of financial information on the way to helping our clients. One of the more disturbing patterns we see on a regular basis is clients who pay too much money on credit card debt. For many, having a credit card seems like an invitation to immediately [Continue Reading]
How Do You Choose The Right Rent For Your Investment Property?
For financial planners, a large part of our job is maximising each investment. If an investor has a rental property in the Perth market, this can often be a tricky proposition. We try not to give specific advice in a blog because everyone’s individual financial situation is unique. However, we can give some general guidelines [Continue Reading]
Should You Clear Your Home Loan or Invest in Property?
As a firm that has mortgage brokers and financial planners, we have fielded this question from a lot of our clients in Perth: “Should I pay off my home loan or should I invest in property?” While there is no answer that is right for everybody, the short answer here is that you should invest [Continue Reading]
Winning the Game of Personal Finance
Personal finance fundamentals that your financial planner in Perth wants you to know. Since the advent of superannuation, Australians are a lot more aware of retirement than in previous eras. We are now encouraged to think of our retirement and are provided numerous investment options for our super funds. While we applaud this trend, it [Continue Reading]
First Meeting with a Lender: What to Expect
If you are a first home buyer getting ready to meet a lender for the first time, you probably have mixed emotions—the excitement of buying your first home is diluted by the tension you may feel because you don’t know what to expect. The lender has what you want and you may feel like you [Continue Reading]
Surprising Benefits of Pre-Approval for Home Loans
When our mortgage brokers talk to clients about home loans in our Perth office, they are more often than not people who have already found a house and are just beginning the loan process. Lately, though, more home buyers are taking advantage of loan pre-approval. The Process Loan pre-approval is easy—call us, answer a few [Continue Reading]
Successful, Retired Investors Give Advice to Younger Australians
BlackRock conducted their “Global Investor Pulse Survey,” where both the Australian and retired segments gave eye-opening feedback. The survey featured 1,000 Australians and 16,500 investors from other countries. While only 55% of retirees in other countries believe that a long-term approach to saving for retirement is necessary, 72% of Australian retirees answered in the affirmative [Continue Reading]
Today’s Interest Rate is a Phenomenal Opportunity
Investors who have been in the market for a long time will tell you that there is always an opportunity to make money in any market if you have the resources and know what you are doing. Whether the market is up or down, there is a strategy to make money. However, sometimes there is [Continue Reading]
Slow and Steady Wins the Race for the Australian Economy in 2014
Most economists see growth for the Australian economy in 2014, but not as fast as what we are traditionally used to. Callam Pickering of Business Spectator is one of those economists. In a piece for Business Spectator, Mr Pickering opined what he termed “below trend growth” due to declining participation rate and difficulty keeping the [Continue Reading]
Dos and Don’ts to Get a Good Credit Record
12 March hardly sounds like a key date in history. But, for those looking to buy property, 12 March 2014 could be a key date that determines whether or not they get a loan. Whenever someone applies for a mortgage, one of the first things a bank does is run a credit check on them. [Continue Reading]
Improve Your Credit Rating Score Easier than You Think
You may or may not have heard of the Veda Group. If you are paying attention to the credit industry, you have definitely heard of them. If you haven’t, you will be hearing about them soon. The Veda Group is listed on the stock market as a billion dollar company that has only one “asset”—your [Continue Reading]
Why Property Investment in Mining Towns Requires Patience
Much has been made of the impending “demise” of the mining boom. While the boom has flattened as the resource industry reinvents itself in a sleeker, slimmer model, the mining industry is still providing a lot of income and making a lot of contributions to the Western Australian economy. The Problem We have found that [Continue Reading]
Should You Furnish an Investment Property When Selling?
When buying or selling investment property, every dollar spent makes a difference on the profit and loss statement. The main question to ask about any proposed expenditure is, “Will this expenditure produce more revenue than I spend?” In the case of furnishing a property with display furniture, the answer will almost always be “yes.” What [Continue Reading]
Home Prices Continue Slow Rise in November
RP Data recently released their Home Value Index which traced home values for November. Home values rose 0.1% across the capital cities for the month of November. While this is a relatively benign statistic taken without context, there are a number of factors involved. Inside the Statistics While growth statistics are down for November last [Continue Reading]
4 Quick Tests to Determine Eligibility for Subdivision of a Residential Property
The R-Code changes that went into effect on 2 August 2013 have created a fair amount of confusion among homeowners and small investors. Some unsuspecting homeowners have sold their homes at severely undervalued prices because they didn’t know their blocks could be subdivided or developed; others are thinking about subdividing but don’t know if they [Continue Reading]