benefits of a mortgage broker

With national property prices growing strongly over the past 18 months, most of the country has seen strong growth in property prices.

However, not all locations move in sync with the national market and some areas will likely perform better than others in the short term. Fortunately, there are some key data points you can check that will determine how likely your new property could see growth in the years ahead.

Like all markets, property prices are a product of supply and demand. If you track what the supply and demand equation looks like in your area, you can get an indication of whether the buyers or sellers are in control of the market at any given moment.

Is a Bridging Loan Worth It

In the current market where property prices are trending higher and there’s a shortage of stock, upgraders and downgraders can find it difficult to get into a new property. For many, the age-old question of whether to buy first or sell first is more prominent than ever with the present housing market favouring sellers.

Fortunately, there is an option that can help in the form of a bridging loan. A bridging loan is a short-term loan that helps buyers purchase a property before needing to sell their current property.

In a perfect world, you would sell your property and then go out and find a new property. However, if the perfect home comes along beforehand, you might not want to miss out on the opportunity. That said, there are advantages and disadvantages to bridging loans.

Investment

At some point during your investment-planning pathway, you would have been asked about your investment personality or your risk profile. What is this and how will it influence the way you plan and prepare during the current economic climate?
Your investment personality is determined by your tolerance for risk, your approach to savings and what you would like to achieve with those savings. In the pre-pandemic environment knowing your investment personality would have had a big impact on your investment strategy, but today we are all facing unprecedented risks and long-term unknowns. So how does understanding our investment personality help us now? There have been numerous studies into investment personalities and it seems to come down to 6 key types.

Wealth

It’s 2020 and the beginning of a new decade, the perfect time for a financial health check. Is your current financial plan still relevant? Here are some things to think about: