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Finding it difficult to enter the property market in a location you love? Rentvesting could be the answer.

Posted by Chris Collard on 8 March 2023
Finding it difficult to enter the property market in a location you love? Rentvesting could be the answer.
Finding it difficult to enter the property market in a location you love? Have you considered rentvesting? It might just be the answer for renters who want to live in a location they love, while still entering the property market in an area they can afford. Read on to hear FinancePath Director, Chris Collard’s, thoughts on the pros and cons of rentvesting and advice on the best places to buy. The pros and cons of rentvesting So, why do people rentvest? According to Chris, one of the...
 

It's time to put a plan in place!

Posted by Chris Collard on 28 February 2023
It's time to put a plan in place!
If you took advantage of record low interest rates in 2020 and 2021, it’s time to put a plan in place to manage what could be a significant change in your home loan repayments upon expiry of your fixed rate loan. What happens when your fixed rate loan expires? Your interest rate will revert to a variable interest rate and as a borrower who took advantage of historically low interest rates your interest rate may increase by between 2 - 3%. On a $500,000 loan 30-year loan, a 3% increas...
Posted in:fixed interest  

Word on the street is that 2023 is the year savvy property investors re-enter the market.

Posted by Chris Collard on 28 February 2023
Word on the street is that 2023 is the year savvy property investors re-enter the market.
Are you considering buying an investment property in 2023? The word on the street is that 2023 will be the year savvy property investors re-enter the market, with some experts saying all the right ingredients are in place to create opportunities for strategic investing. Let’s take a look. Why now could be a good time to invest Property prices are coming down in many markets, while rents are on the rise. Rents surged by a record high of 10.2% in 2022, reaching a median of $555 per wee...
Posted in:InvestmentProperty Investment  

Five positive financial habits for the new year.

Posted by Chris Collard on 23 January 2023
Five positive financial habits for the new year.
The new year is when many of us hit the reset button. It’s a chance to reflect on the past 12 months, reassess priorities and set new goals. If you’re looking to create positive financial habits in 2023, here’s some tips to help secure control of your money. Create a budget you can stick to Extreme changes to your spending habits may appear to deliver immediate results, but they can be difficult to maintain over the medium and long term. Focusing on a range of budgeting ...
Posted in:Financial planning  

New year, new home? 5 tips to consider when undertaking your property search

Posted by Chris Collard on 23 January 2023
New year, new home? 5 tips to consider when undertaking your property search
New year, new home? If this year is the year you plan to get into the property market, there are a few things you can do to help you reach your home ownership goals. Here are five things to consider when undertaking your property search. Understand your borrowing capacity The amount of money you can borrow will determine what properties you can potentially buy. This should be one of the first things you work out so you can narrow, or widen, your property search. There are several factors ...