5 Tips For Young Investors
Start saving!
Travelling overseas or indulging in a hectic social life are common barriers for young investors, but thinking outside the square and focussing on your goals can go a long way. Create a budget and cut down on luxuries for a while.
Educate yourself.
Subscribe to blogs and online publications. Do regular online searches for properties currently on the market. Attend auctions. Seek out information on how much properties are selling for. The more information you have, the better position you will be in to buy a wise investment property.
Seek advice. Don’t be afraid to ask questions.
Get in touch with a property manager to give rental appraisals on properties you are seriously interested in. Talk to a mortgage adviser. Speak to your local real estate agent about market trends. You will find the property management and sales team at Harcourts Twiss-Keir more than happy to help. Our mortgage advisory arm Mortgage Express will also give professional advice about your best borrowing options.
Manage your expectations.
Your first home or investment property may not be the house of your dreams. It is important to manage your expectations as a young investor, as it can be more difficult to distinguish between a property you could live in and a rental/investment property. Be open to properties that need a bit of extra TLC, or neighbourhoods that are more “up and coming” than others.
Plan for the unexpected.
Make sure your budget incorporates comprehensive insurance to cover the costly incidents that life will often throw your way. Mortgage Express can give sound insurance advise to investors starting out.
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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60.1% Yes, supporting people is important!
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23.4% No, individuals should take responsibility
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16.5% ... It is complicated
A Neighbourly Riddle! Don’t Overthink It… Or Do?😜
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
If you multiply this number by any other number, the answer will always be the same. What number is this?
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.7% For. Self-service is less frustrating and convenient.
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43.2% I want to be able to choose.
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47.1% Against. I want to deal with people.
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