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Recovering from an investment gone bad

Ideally, your set and forget investment property should be wending its way through life, enabling you to enjoy increased funds and causing you few problems, either with bad tenants or major fix-ups. But even for experienced investors, this isn’t always the case. Here are some tips on what to do if your great investment is, well, not doing so great. First: Objective assessment No matter how carefully you’ve researched, planned and hunted for the ideal investment, mistakes and accidents happen.…

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Acreage challenges

Moving away from city hustle and bustle to a quiet, peaceful acreage is many peoples’ dream. But, without wanting to ruin this dream, it’s important to remember that your “vision splendid” will need extra money and time to maintain. Outdoor needs It may look perfect when you move in but the gardens and paddocks surrounding your new house need regular upkeep. Bushfire prevention, fences and driveways all need to be considered. Additional funds will also be needed to buy machinery…

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How interest rates affect real estate

Make no mistake! Interest rates always affect how much you’re paying to enjoy your dream abode. Incredibly far-reaching and essentially set by the Reserve Bank of Australia (RBA), interest rates also influence the how and why of property values across the country. The basics On the first Tuesday of every month (except January), the RBA sets the cash rate for the next four weeks. If this rate increases or decreases and your lender decides to pass on the change, it…

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How to finance a rural property

You’re dreaming of finally enjoying a peaceful country abode, far away from neighbourhood noise. Or perhaps you’re keen to begin that lifelong fantasy of a hobby farm or a regional B&B. Either way, approaching lenders for a rustic loan can be a tricky affair compared to buying in the suburbs, so ensure you consider the following. Rustic dream = Lender's caution It can be notoriously hard to have a rural home loan approved. Even small hobby farms and basic lifestyle…

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Best of both worlds

Rentvesting is becoming increasingly more popular in every part of Australia. Essentially, this concept sees you becoming both a landlord and a renter. Pick your favourite location, virtually regardless of its price, to rent out and at the same time, buy a cheaper property, more suited to your budget, as an investment. In this way, you can enjoy living in a great house in a lovely suburb – despite paying someone else to live there. You’ll have also grabbed a…

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