Summer is nearly over. It’s time to get your house in order!
5 min read
“I will get my finances sorted this year”- Sound familiar? At the start of the new year, many of us plan to better manage our money. Unfortunately, by the end of summer, we seem to excuse ourselves for not cracking on with the goals that felt so important on New Year’s Eve. Don’t give up the chase yet. We can help! Here are three easy ways to move things along in the right direction.
Ask us to review your interest rate.
There may be a better loan option for you amongst our 40+ lenders who are all keen for your business. And let’s face it, some extra money each month would be handy to put towards your property loan repayments or another savings goal (rather than that new pair of designer shoes or a gigantic smart TV….!). If you don’t ask, you don’t get. Let us do the asking and see what we can do to help you get your investment game on.
Decide on a property plan for this year, next year and five years from now
Property investment takes time and any financial returns need to be considered over the medium to long term. From the outset, it’s important to take time to define what it is you hope to achieve from buying property.
- Are you mostly seeking financial growth through an investment property?
- Tired of renting and ready to have a place of your own?
- Are you hoping to start a family soon?
- Deciding between renovating or relocating?
- Are you seeking your forever home?
- Investing with the support of your parents?
- Or is it a combination of any of these?
Whatever your goal may be, you need to have a clear strategy from the get-go. Come in and have a chat to one our experienced team and we can step you through the process of how to set goals and understand your options based on your current situation. With a clear end-goal in sight, we can help plot your course toward achieving these goals. With services across all areas of property investment, we can gear you up for success.
Are your bank accounts set up for success? Are your kids helping pay off your loan?
We are big believers in making our money work hard and that includes your kids’ bank accounts. Enter the humble Offset Account. This idea is not new but the impact of setting your banks accounts up to work for you can be significant. How many offset accounts do you have? Some of our clients have 5; others have 2. You need at least one.
Learn more about setting up your bank accounts to make your money work hard (and make your kids saving reduce your interest payments)
So, in a nutshell, it is not too late to get back on track with your property goals for this year. Generally, making one small move can you set you up for the next. We recommend starting the conversation about investment property with professionals who know property, who love property and who will walk alongside you every step of the way.