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19/03/2010 15:02 Sydney, Australia.
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Buying holiday property in exotic places, such as Fiji, sounds like a dream come true, but does it stack up as an investment?
Listen up, investors: the omens are good for rental markets in 2010
The Reserve Bank of Australia (RBA) has slugged cash-strapped homeowners with an interest rate rise just before Christmas, raising the cash rate to 3.75 percent today.
If you own an investment property in a tourism area you may be able to earn a better return if you rent it out as a short-stay holiday property rather than a permanent letting.
What a difference a few weeks can make. In September, the Fujitsu Mortgage Stress Survey (a rolling survey of 26,000 consumers) reported, "Mortgage stress relief for many as unemployment stays low, but rate rises will have an impact on some households."
They say buying a house is one of the most stressful things you can do – but finding a place to rent is no barrel of laughs either.
The suburbs set to become Australia's next property goldmines for buyers and investors have been revealed by new research.
When Money reader Phil took out a home loan with ING Direct back in 2006, the contract he signed was very different to the contract that’s been handed to him now.
With house prices continuing to defy the doomsayers who predicted they would collapse, investors are getting back into residential property. And real estate investment seminars are well and truly back on the agenda.
Is it worth renovating in a recession? Yes, providing you get the right bang for your buck. And just $5000 buys you a surprising amount of renovation firepower.
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