Coastal markets and regions associated with tourism and lifestyle properties are generally seeing an improvement in their housing market conditions after a slump in values and buyer demand between 2008 and 2014.
Are you looking to get into the property market on the ground floor? Are you buying an investment now to move in to down the track? Or are you looking to build a diverse property portfolio to help you retire comfortably?
For most of us, our home is the biggest investment we’ll ever make. Outside of school or the workplace, it’s also the space where we spend most of our waking hours. Refinancing your home and extending your mortgage by just $20,000 can give you a chance to make your home much more comfortable for your family and guests. And you can also make it a project that may add value if you decide to sell in years to come.
It’s every mortgage holder’s worst nightmare: what if interest rates return to the mid-teens, as we saw in the early nineties? The good news is that scenario is highly unlikely to occur, and there are steps you can take now to protect yourself if it does.