Stories | National


Don’t Settle For a House…Buy a Town!

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There are a lot of unusual properties that are put up for sale, and recently a small town was sold on the eBay website. This town is located in Washington in the United States. It was first established in 1898 when the Gold Rush hit the area and has been there ever since. Now one person owns it all including a log cabin that is 100 years old, a four bedroom ranch, a gas station with a restaurant and now one person also owns the zip code.. Continue Reading

Posted in Money, National, Property0 Comments

First homebuyers may be scared off by small rate rises

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Mortgage Choice

Mortgage Choice

Mortgage Choice has surveyed First Homebuyers to get an understanding of what rate rises might mean for them and the property industry at large.

An increase of just two percentage points puts more than a quarter of Australians looking at their first home out of the race. However it should be noted with a rate rise and the fleeing of potential buyers will put downward pressure on property prices negating some of the downside risk.

The survey by Mortgage Choice shows that the majority of First homebuyers are buying to secure their  longtime financial security, and with the instability of the share market of recent times it’s no wonder Australian’s back the property sector. Continue Reading

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Mortgage Choice Top Tips for property investors

Mortgage Choice Top Tips for property investors

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Use the equity from another property

Tapping into your home’s equity, or equity from another property investment, can be a great launching platform for buying an investment property. According to Mortgage Choice’s latest investor survey, 60% of those looking to buy an investment property before mid 2011 plan to access the equity in their home in order to fund all or part of their investment property purchase. How does this work? Say your home is valued at $700,000 and you owe $350,000 on your mortgage, you can use the $350,000 equity in your home to pay for up to 100% of the new property, or if it is more expensive you may be able to borrow more with some lenders.

Pick a loan tailored to your investment strategy

Meeting lending criteria is only half the challenge; another big one is choosing a loan. Think carefully about interest only vs. principal and interest options. Although interest only loans will not reduce the loan amount, they do result in smaller monthly repayments and allow you to make greater contributions to your principal place of residence or to invest in another asset, all the while allowing the investment property to grow in value through capital gains.

Consult a buyers agent/property finder

Seek professional advice about what type of property will maximise your investment. Most investors want property to secure them (as an average over the entire loan term) an annual return on investment that is higher than the costs eg. if net rent is 3% and the interest rate is 7% then it only needs to grow in value at more than 4% to be profitable. Experienced buyers agents know the market better than most and are a valuable resource for advice and for negotiating with property sellers and/or their agents.

Positive vs. negative gearing

Expenses you incur on an investment property are tax deductible. If your loan repayments, fees and other property-related costs exceed your rental income, the net loss can be offset against other income you derive, reducing the amount of tax payable on that income. This is called negative gearing. Or, you may consider positive gearing, where the annual rental income received from the property covers or is higher than the repayments and costs.

Consider all the costs

It is crucial to create a detailed budget outlining your outgoings and earnings. Property investment usually incurs unexpected expenses and it is easy to go over budget on improvements and repairs. Don’t fall into the trap of relying on your property’s income to cover additional costs such as new hot water systems or interest rate rises. Also think about capital gains tax you will have to pay if you decide to sell the property. Be sure to consult your taxation advisor.

Call the customer service centre on 13 MORTGAGE, visit www.mortgagechoice.com.au or www.facebook.com/MortgageChoice or http://twitter.com/MortgageChoice.

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The first & only Beauty company in Australia awarded CarbonNeutral® status

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Daily Essence (Aust) Pty Ltd has become the only beauty and lifestyle brand in Australia to be awarded CarbonNeutral® certification by reducing its carbon footprint to net zero.

This means consumers can feel good in the knowledge that Daily Essence is leaving a significantly minimal carbon footprint compared to other beauty and lifestyle brands in Australia. Continue Reading

Posted in Environment, Fashion & Beauty0 Comments

Life changing concepts don’t come much simpler than Thankyou Water.

Life changing concepts don’t come much simpler than Thankyou Water.

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Five Australian students have broken the stereotype of the selfish “Generation Y” stigma by presenting the nation an opportunity to make a change simply by drinking a bottle of water. Continue Reading

Posted in Featured, National, Not for profit0 Comments

First Time Buyers in a Race for Home

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Eligible first homebuyers will miss out on the leg-up provided by the full First Home Owner Boost (FHOB) if they fail to enter into a purchase contract and receive finance approval before 30 September 2009.

With interest rates almost certainly as low as they will go for another few years and extra money on offer from federal and state governments to purchase a first home, now could be a great time to stop paying your landlord’s mortgage and start paying your own. Continue Reading

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New site launches to support separated families and their 1.1 million kids

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A new service to connect and guide people through the separation process is now available. www.twohomes.com.au is a definitive online resource for separated & divorced parents, providing a safe and comforting haven to help take stock of the situation.

It’s estimated that over 100,000 couples either separate or divorce in Australia every year impacting parents, children, family and friends. Continue Reading

Posted in Family, National0 Comments

LINDEMANS® Early Harvest Spring Index shows Kevin Rudd PM more popular

LINDEMANS® Early Harvest Spring Index shows Kevin Rudd PM more popular

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LINDEMANS® Early Harvest Spring Index shows Kevin Rudd PM more popular than partners, Nicole Kidman & Rove! Continue Reading

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Kevin Rudd video – Renewable Energy Targets & Australia’s Climate Change Plan

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Renewable Energy Targets were passed in Parliament in October. It is a big step forward in tackling climate change. Australia must act again to introduce the Carbon Pollution Reduction Scheme and show international leadership on Climate Change.

Posted in National, Politics, Video0 Comments


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