I’ve had a money reader gripe about redraw which really surprised me, but before I get to that I should explain what redraw is for those who may be hazy about it
Redraw is a facility that’s available with most home loans. It allows borrowers to make extra loan repayments when their cash flow allows, and access to the funds whenever, and for whatever, they like. It’s a great feature to have on a loan because it saves you money.
Tenants who don’t pay the rent and cause damage are a landlord’s worst nightmare. If you own investment property the key to success is to choose good, reliable tenants. Whether you select them or use a property manager to do it for you is something you need to consider. No matter who does it, do not let anybody occupy your precious premises until they’re thoroughly checked out.
Interest rates are a major talking point for Australians and rightly so: after all a mortgage is often the biggest financial responsibility facing families.
A whole English country village, complete with a cricket pitch, 22 houses, two blacksmiths and a renowned game shoot, is on sale for the bargain price of $31-35 million.
Most residential real estate investors expect their property to cost them money each week. The trade-off is they also expect its capital value will rise over time.
Property investors struggling to pay off their mortgages can reduce the amount of tax deducted from every pay cheque by claiming their deductions through the PAYG tax system, rather than waiting until the end of the year.
The Reserve Bank will slash a further 1.5 percent off interest rates and the cash rate will fall to 2.75 percent by the middle of next year, according to a leading economist.
Homeowners are set for a early Christmas present today courtesy of the Reserve Bank, which is set to deliver an interest rate cut of at least 0.75 percent.
Homeowners are set for a early Christmas present today courtesy of the Reserve Bank, which is set to deliver an interest rate cut of at least 0.75 percent.