Tag: SMSF Regulations

When purchasing a house, your name goes on the deed and mortgage payments begin immediately. Closing costs may run into thousands of dollars; but with careful planning there are ways to cut those costs down substantially. Know your budget beforehand – know exactly how much house can fit within it; prepare to sell quickly should needed! Financially prepared is key when purchasing a house, which means having enough savings for both a down payment and closing costs. Furthermore, you should have enough stability to afford monthly mortgage payments over time without incurring additional debt from credit cards or loans that might compromise your debt-to-income ratio and compromise preapproval status. Finding a real estate agent who understands your goals and communicates […]

Housing affordability has become a pressing concern in Australia and more Australians are moving into group household arrangements than ever before, according to data provided by the Australian Bureau of Statistics (ABS). According to ABS estimates, an estimated 350,000 Australians now reside in co-living or share houses; up from 230,000 just 10 years ago. Property investors who understand this trend have seen an opportunity in building co-living houses which capitalise on it by creating affordable accommodation solutions for Australians who reside here. Co-living properties are designed for rental by room, featuring shared facilities that make sharing housing more appealing, such as ensuites for every bedroom. One property developer, Gallery Group, describes them as offering “high income meets capital growth”. At […]