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I found the stock market to be much like poker machines, fun for a while, win some loose some, but as I was not an educated trader I focused my investing on property.
You have to decide what you would like to achieve and what time from you expect to achieve your goals. The stock market may suit your investing goals..??
If not property (generally) is not getting any cheaper, even in Perth!
Cheers
Jeff Aquilina
Need a holiday? http://www.coralsearesort.com email [email protected]
Always looking looking looking, if the right property comes along and the numbers stack up, I would proceed. Utilise the current slump to negotiate a lower price.
Cheers
Jeff Aquilina
Need a holiday? http://www.coralsearesort.com email [email protected]
Hi there,
RUN as fast as you can to a broker or your local bank…you are paying to much. I have about 1.2m tied up with the NAB at 6.47% fixrd for 3 years.
Cheers
Jeff Aquilina
Need a holiday? http://www.coralsearesort.com email [email protected]
Hi Rye,
I know I am going to ruffle some feathers here but just be careful with mortgage brokers, some and I stress some ie not all can be like used car sales men, a little pushy and some are not always looking out for your best interest, some focus on the best % return a particular bank is offering them as commission. I found my first and 2nd mortgage broker not very helpful, I ended up at the NAB who offer a great range of loans and products and assign you a personal banker to assist you pre and post your mortgage. Good luck.
Cheers
Jeff Aquilina
Need a holiday? http://www.coralsearesort.com email [email protected]
A way of earning more income is to rent the 2nd or 3rd bedroom if that is possible. I have always had my flatmates pay my mortgage for me.
I would suggest you repay as much as possible, possibly get a second job if your extra keen (keep in mind extra tax you pay on a 2nd job sometimes it is not worthwhile). In 5 years you will have a great deal of equity which you can use to purchased another property, in fact if you repay as much as possible you will be on your way to a 2nd property in no time.
Cheers
Jeff Aquilina
Need a holiday? http://www.coralsearesort.com email [email protected]
