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Finance

Apartment Investing

Apartment Investing – Is it a good idea?

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Interest rates are low at the moment and the housing market is booming. Because of this, you may be thinking: Is it the right time to buy? What suburbs are set for big capital growth? And are apartments a good investment? The great debate (in our opinion) of buying a house as an investment versus buying an apartment as an investment has been an ongoing struggle for some time. While buying property should never be a rash decision, if you are financially ready, it may be a good time to look into purchasing an investment property as interest rates are … Read more

Wealth through property

The Easy Way to Start Building Wealth Through Property

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Investing in property, if done properly, could turn into the quickest way to ensure financial independence in your retirement or improve your quality of life in the shorter term. Many of us worry that investing sounds great in theory but don’t think it’s something we can do on our own. Don’t sell yourself short – it’s not as difficult as you may think. The Inovayt team is here to help you with any questions you may have when it comes to building your wealth through property. Firstly, what are the key considerations you need to think about before purchasing an … Read more

The Numbers Game Podcast

Tune in to The Numbers Game Podcast

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For those of us who feel like we are constantly on the go without five minutes to ourselves, it may seem like we’re ‘too busy’ to research how to set ourselves up financially. To combat this, our Managing Director, Nick Reilly; Head of Sales and Business Development, Martin Vidakovic; and Jason Robinson, CPA and Director of Future Advisory; have created The Numbers Game, a podcast to educate you on all things finance. As the Australian marketplace begins to regain control, people – especially millennials – are becoming more interested in their finances than ever before, with research showing that 68 … Read more

First Home Buyer's Market

Is it a First Home Buyer’s Market?

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While a majority of people put their plans to buy property on hold in 2020 due to the uncertainty of COVID-19, the market has bounced back. With easing restrictions, auctions starting up again and government incentives designed specifically to help first home buyers get into the market, there is a mismatch between supply and demand at the moment. However, these factors don’t necessarily mean that it’s not a first home buyer’s market. Let’s take a look at all the considerations to determine whether or not it’s the right time for you to start your property journey. Individual circumstances Deciding whether … Read more

Fix Your Home Loan Rate

Is it a Good Time to Fix Your Home Loan Rate?

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With interest rates at an all-time low, you may be wondering if it’s a good time to refinance your home loan or possibly consider a fixed interest rate. Before you rush to fix your home loan rate, there are a few considerations and complexities to determine if it’s right for you. We explore these below. What’s the difference between a fixed and variable home loan? An interest rate refers to the amount of interest a lender charges the borrower in exchange for borrowing their money. Typically expressed as a percentage, interest rates can be fixed, which means they are set … Read more

sell or hold

Should You Sell or Hold? A Case Study

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Many second-home buyers who may feel as though they have outgrown their current property are faced with this conundrum. Do I sell my current home and cash out or do I hold my current property and turn it into an investment? Whether you should buy or hold comes down to both personal and financial circumstances. These are the items you will need to discuss with a mortgage professional in advance before being able to make a clear decision. Borrowing Capacity – if you need to upgrade your owner-occupied property for a larger place, generally you need to spend more so … Read more

Choosing the Right Loan While Self-Employed

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If you’re self-employed and looking to get into the property market or purchase a new car, chances are there will be a few extra hurdles you have to jump before you can obtain finance. While it may not feel like it, there are options for finance, even for those who are self-employed. Before you take the first offer on the table, make sure you’ve done your research and that you’re choosing the right loan for your circumstances both now and into the future. Finance for self-employed individuals Applying for finance can be daunting at the best of times, but even … Read more

Common Mortgage Terms Defined

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If you’re a first home buyer, obtaining a mortgage can seem overwhelming and perhaps even confusing. Often, there’s jargon and terms you may not have heard of and, with something as important and serious as a home loan, you need to get your head around these mortgage terms quickly! We advocate for financial literacy and want our clients to feel empowered and informed at every step along the way. To help you understand mortgages like an expert, we’ve put our heads together and listed the most common terms people find confusing. Appraisal Is an assessment of how much a home … Read more

First Home Buyer’s Benefits

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The First Home Owners Grant (FHOG) was created in 2000 to grow the housing property market by enticing Australians to build new houses, rather than buy existing properties, with a large lump sum payment. This scheme makes building a new home more attractive to first homeowners and helps the Australian economy stay strong by investing into building new homes. The FHOG scheme is available throughout Australia, varying in criteria and eligibility for each state and territory. Each has legislation and rules regarding the FHOG scheme so if you’re not buying in Victoria, you may have different criteria to follow. The … Read more

The Finance Journey

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The thought of finally buying your first home is exciting and feels like you’ve finally reached peak adulting. You’ve done all your homework from working out how much of a deposit you need to have saved for a certain price range, right down to mentally buying everything from Kmart for your new place. Regardless of whether you’ve spoken to an adviser before, the team at Inovayt are here for you every step of the way on your journey from your original dream, all the way up until you have the keys handed over to you. While it is an exciting … Read more

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