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Purely Finance

(08) 9453 8888

(08) 9453 8888

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Creating your own family’s wealth starts with your first home

I’ve always advised my clients to start their wealth journey by purchasing their first home. There’s a number of reasons for this apart from having your own place to call home. To start with you won’t pay capital gain tax on gains in the value of your property. This means your own home is one of the most effective – if not the most effective, ways to accumulate wealth.

Once you purchase your new home you will be able to build equity in the following ways:

  • Your initial equity into the purchase which would include deposits, grants and savings
  • Loan repayments.
  • Improvements you make to your home
  • Capital gains which will accelerate due to the magic of compounding.

Once you have built equity you can either upgrade to a better home or start to use the equity in your home to fund the purchase of an investment

If you can afford to get involved in property at a young age, I would really encourage it. Over the long term, it is a very safe and stable asset class that will become your most valuable financial investment for the future.

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Purely Finance Pty Ltd - Australian Credit License 384337

Purely Finance is an accredited member of the Professional Lenders Association Network Australia (PLAN), a full member of the Mortgage and Finance Association of Australia (MFAA) and a full member of the Australian Financial Complaints Authority (AFCA).

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Level 1, Suite 29 133 Kewdale Road Kewdale, WA 6105

PHONE

Phone: (08) 9453 8888
Fax: (08) 9453 8899

EMAIL

E-mail: enquiry@purelyfinance.com.au

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