The faster you pay off your mortgage the less interest you pay to your lender and the more equity you build in your home. Once your mortgage has been paid off entirely then the money you would otherwise spend on repayments is directed towards new investments. In very simple terms this is the concept of wealth creation. Let’s […]
Reduce your mortgage and grow your wealth
Property investor slowdown
Over the past 48 hours both ANZ and CBA have increased interest rates for property investors, not owner-occupiers, by 0.27%. Westpac and NAB are expected to follow shortly (25 July 2015). Although analysts forecast these rate rises will add about $800 million in combined profits to the big four, they are not intended as a […]
The bubble debate part 2 — There is no housing bubble
Joe Hockey was heavily criticised in late 2014 when he dismissed suggestions of there being a housing bubble in Australia. But that’s politics. In reality there are many people who share the Treasurer’s view, and that’s what this post is about. Our post last week summarised the opposing side of this bubble debate. No one […]