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Top finance tips for property success in a low rate environment

By Staff Reporter
0

Paul Myliotis, general manager, Oasis Property

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In terms of planning for interest rate increases, there's a few things we have to put into place. The first thing is budgeting. So accelerating your repayments for non-deductible debt is a must. If you don't have any non-deductible debt and it is deductible, try to accelerate your payments into an offset account so that you can plan for that rainy day. It's very important. Things are really good at the moment, rates are low so you must plan for a rainy day. The second is interest rates are the lowest they have been, particularly fixed rates, in history. So planning to fix a portion of your loan should 100% be considered by everybody.

Listen to other instalments of The Smart Property Investment Show:
Episode 70: SPI special episode: buyer’s agent answers more listener questions
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
Episode 64: How this investor learned from a property blunder
Episode 63: Q&A session: the SPI team answers your questions
Episode 62: Property procrastination: the importance of finding help
Episode 61: The ins and outs of strata: what buyers should consider
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