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WHY USE A MORTGAGE BROKER?

<div class="et_pb_section et_pb_section_1 et_section_regular"><div class="et_pb_row et_pb_row_1"><div class="et_pb_column et_pb_column_4_4 et_pb_column_1  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_blurb et_pb_blurb_0  et_pb_text_align_left  et_pb_blurb_position_left et_pb_bg_layout_light"><div class="et_pb_blurb_content"><div class="et_pb_main_blurb_image"><span class="et_pb_image_wrap et_pb_only_image_mode_wrap"><img class="et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-12550 et-animated et_had_animation ls-is-cached lazyloaded" src="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png" sizes="(max-width: 343px) 100vw, 343px" srcset="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png 343w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-300x220.png 300w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-150x110.png 150w" alt="" width="343" height="252" data-srcset="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png 343w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-300x220.png 300w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-150x110.png 150w" data-src="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png" data-sizes="(max-width: 343px) 100vw, 343px" data-mce-src="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png"></span></div><div class="et_pb_blurb_container"><h4 id="mls-finance" class="et_pb_module_header">MLS Finance</h4><div class="et_pb_blurb_description"><a href="https://www.mlsfinance.com.au/category/business/" data-mce-href="https://www.mlsfinance.com.au/category/business/">Business to Business</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/commercial-investment/" data-mce-href="https://www.mlsfinance.com.au/category/commercial-investment/">Commercial Investment</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/first-home-buyers/" data-mce-href="https://www.mlsfinance.com.au/category/first-home-buyers/">First Home Buyers</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/general/" data-mce-href="https://www.mlsfinance.com.au/category/general/">General</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/property-investment/" data-mce-href="https://www.mlsfinance.com.au/category/property-investment/">Property Investment</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/property-purchase/" data-mce-href="https://www.mlsfinance.com.au/category/property-purchase/">Property Purchase</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/refinancing/" data-mce-href="https://www.mlsfinance.com.au/category/refinancing/">Refinancing</a></div></div></div></div></div></div><div class="et_pb_row et_pb_row_2"><div class="et_pb_column et_pb_column_4_4 et_pb_column_2  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_0  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><p><strong><a href="https://www.mlsfinance.com.au/how-to-do-your-own-property-research/#" data-mce-href="https://www.mlsfinance.com.au/how-to-do-your-own-property-research/">Read time: 3&nbsp;minutes, 59 seconds.</a></strong></p><p><br></p>Buying property is one of the biggest purchase decisions you’ll ever make. The truth is that investing in property isn’t cheap with the price rising as interest rates remain low. So it goes without saying that you need to carry out thorough research before you put down money.Some investors prefer to leave the research process up to their real estate agent. However, it’s still important to know how to do your research.&nbsp;Firstly, understand that the property market is led by&nbsp;<a href="https://coronation.com.au/insights-hub/supply-and-demand-what-factors-drive-sydney-property-prices-dr-andrew-wilson-leading-independent-economist/" data-mce-href="https://coronation.com.au/insights-hub/supply-and-demand-what-factors-drive-sydney-property-prices-dr-andrew-wilson-leading-independent-economist/">supply and demand</a>. And that supply and demand, in turn, is affected by the economy. With that in mind, today, we will look at how you can do your own property research.</div><div class="et_pb_text_inner"><br data-mce-bogus="1"></div><div class="et_pb_text_inner"><br data-mce-bogus="1"></div></div></div></div></div><div class="et_pb_section et_pb_section_2 et_section_regular"><div class="et_pb_row et_pb_row_3"><div class="et_pb_column et_pb_column_4_4 et_pb_column_3  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_1  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="research-the-type-of-property-you-are-interested-in"><strong>RESEARCH THE TYPE OF PROPERTY YOU ARE INTERESTED IN</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_4"><div class="et_pb_column et_pb_column_4_4 et_pb_column_4  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_2  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">What are your property criteria? The type of property you buy depends on your purpose for the property. So, you need to decide on what you will be using the property for. Is this property going to be your home? Or will it serve as an investment property?If you are buying a home, your criteria will be different from buying for business. The major difference is that your home needs to meet your personal needs. While an investment property needs to give you the best financial returns on your investment.&nbsp;When researching a future home, you’ll look at things like the size of the backyard or whether there is a deck. Since you will be living in the space, you will want certain things to be a specific way. For a property that you will be renting out, on the other hand, different things will be important to you. For example, what the&nbsp;rental demand and yield return will be, the age of the property and how this will affect your depreciation schedule.<br></div><div class="et_pb_text_inner"><br data-mce-bogus="1"></div><div class="et_pb_text_inner"><br data-mce-bogus="1"></div></div></div></div><div class="et_pb_row et_pb_row_5"><div class="et_pb_column et_pb_column_4_4 et_pb_column_5  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_3  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><strong>RESEARCH THE AREA THAT YOU WANT TO BUY IN</strong></div></div></div></div><div class="et_pb_row et_pb_row_6"><div class="et_pb_column et_pb_column_4_4 et_pb_column_6  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_4  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">If you’re interested in a particular area, look into it to see if it matches up with your budget and your expectations. Before you decide on a property, you should already know your budget. So you should already be prequalified for a certain amount.You’ll notice in your research that rent price varies among different areas. In the same breath, check out the tenant turnover rate. Is this somewhere that people move to and stay for the long term? Or will you need to be looking for new tenants regularly?Find out if the area is developed. Are the necessary amenities like schools and medical care within close proximity?In addition, find out what is the&nbsp;<a href="https://www.finder.com.au/how-to-research-the-property-market" data-mce-href="https://www.finder.com.au/how-to-research-the-property-market">government and private expenditure for the area</a>.&nbsp;Evidence of this generally attracts interest in an area. Similarly, if large companies are moving there, it strengthens the economy.&nbsp;Right now, Sydney has one of the best local economies and this has a lot to do with infrastructural elements in place. For example,&nbsp;<a href="https://coronation.com.au/insights-hub/supply-and-demand-what-factors-drive-sydney-property-prices-dr-andrew-wilson-leading-independent-economist/" data-mce-href="https://coronation.com.au/insights-hub/supply-and-demand-what-factors-drive-sydney-property-prices-dr-andrew-wilson-leading-independent-economist/">Sydney’s employment rate is 4.2%</a>&nbsp;and is projected to drop in the coming year.<br>“Next year, with the trends continuing, we’ll see Sydney’s unemployment rate with a 3 in front of it…This means if you’re worried about being made redundant with a hefty mortgage hanging over your head, you shouldn’t be.”&nbsp; – Dr Andrew Wilson, Chief Economist, My Housing MarketBuying property in a developing area is a good investment. Especially, if you plan to resell the property in the future. New businesses in the area automatically increase property value.<p><br></p></div></div></div></div></div><div class="et_pb_section et_pb_section_3 et_section_regular"><div class="et_pb_row et_pb_row_7"><div class="et_pb_column et_pb_column_4_4 et_pb_column_7  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_5  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="look-into-the-history-of-the-property"><strong>LOOK INTO THE HISTORY OF THE PROPERTY</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_8"><div class="et_pb_column et_pb_column_4_4 et_pb_column_8  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_6  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">Find out about when it was constructed and what it was used for. You might think it’s not important to know&nbsp;<a href="https://www.brisbane.qld.gov.au/planning-and-building/do-i-need-approval/restoring-and-researching-heritage-properties/research-the-history-of-your-house" data-mce-href="https://www.brisbane.qld.gov.au/planning-and-building/do-i-need-approval/restoring-and-researching-heritage-properties/research-the-history-of-your-house">the date of construction</a>&nbsp;for your new house. However, this affects what renovations, if any, you can move forward with.Also, look into the flood history of the property. If the property has been flooded before, it will cost more to insure. Then even further, this can affect whether you get a loan from a lender or bank. A history of flooding can also impact how much you can later resell the property for if you go ahead with the purchase.“Our advice to you as a buyer is to be well prepared before you enter into the market. Make sure you have clarity on what your buying capacity is and what your expectations are. When you choose to act, act with confidence and clarity, and put your best offer forward.”&nbsp; – John Percudani, Managing Director, Realmark.It is wise to get professional help when you’re researching new property. However, there are some steps that you can feel free to take on your own. Buying property is not a decision that you make overnight. This process involves a lot of time and research to make sure that you are making a positive decision.<br><a href="https://www.mlsfinance.com.au/" data-mce-href="https://www.mlsfinance.com.au/">MLS Finance</a>&nbsp;has a large network of people that can assist with the research and ultimately help you achieve your property ownership goals.&nbsp;<br><p><br></p></div></div></div></div></div><div class="et_pb_section et_pb_section_4 et_section_regular"><div class="et_pb_row et_pb_row_9"><div class="et_pb_column et_pb_column_4_4 et_pb_column_9  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_7  et_pb_text_align_left et_pb_bg_layout_light"><h4 id="-3"></h4><h4 id="-4"></h4>🌐&nbsp;<strong>Website:</strong>&nbsp;<a href="https://www.mlsfinance.com.au/reach-out-to-us/" target="_blank" rel="noopener" data-mce-href="https://www.mlsfinance.com.au/reach-out-to-us/">Get in touch</a>📞&nbsp;<strong>Call:</strong>&nbsp;02 9635 1888📩&nbsp;<strong>Email:</strong>&nbsp;enquiries@mlsfinance.com.au🏠&nbsp;<strong>Ready to invest now?</strong>&nbsp;Fill out&nbsp;<a href="https://heyflow.id/mls-investing" target="_blank" rel="noopener" data-mce-href="https://heyflow.id/mls-investing">this questionnaire</a>&nbsp;and we’ll get back to YOU!</div></div></div></div>

How To Do Your Own Property Research

<p><em>“We structured their finance to align with their long-term goals and were able to maximise the use of their deposit, streamline their repayments and give them a cash buffer in case of an emergency.”</em></p><p>Full Article –&nbsp;<a href="https://www.apimagazine.com.au/news/article/travelling-couple-building-national-property-portfolio" data-mce-href="https://www.apimagazine.com.au/news/article/travelling-couple-building-national-property-portfolio">https://www.apimagazine.com.au/news/article/travelling-couple-building-national-property-portfolio</a></p>

Travelling couple building national property portfolio

<div class="et_pb_section et_pb_section_1 et_section_regular"><div class="et_pb_row et_pb_row_1"><div class="et_pb_column et_pb_column_4_4 et_pb_column_1  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_blurb et_pb_blurb_0  et_pb_text_align_left  et_pb_blurb_position_left et_pb_bg_layout_light"><div class="et_pb_blurb_content"><div class="et_pb_main_blurb_image"><span class="et_pb_image_wrap et_pb_only_image_mode_wrap"><img class="et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-12550 ls-is-cached lazyloaded et-animated et_had_animation" src="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png" sizes="(max-width: 343px) 100vw, 343px" srcset="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png 343w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-300x220.png 300w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-150x110.png 150w" alt="" width="343" height="252" data-srcset="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png 343w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-300x220.png 300w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-150x110.png 150w" data-src="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png" data-sizes="(max-width: 343px) 100vw, 343px" data-mce-src="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png"></span></div><div class="et_pb_blurb_container"><h4 id="mls-finance" class="et_pb_module_header">MLS Finance</h4><div class="et_pb_blurb_description"><a href="https://www.mlsfinance.com.au/category/first-home-buyers/" data-mce-href="https://www.mlsfinance.com.au/category/first-home-buyers/">First Home Buyers</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/general/" data-mce-href="https://www.mlsfinance.com.au/category/general/">General</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/property-investment/" data-mce-href="https://www.mlsfinance.com.au/category/property-investment/">Property Investment</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/property-purchase/" data-mce-href="https://www.mlsfinance.com.au/category/property-purchase/">Property Purchase</a></div></div></div></div></div></div><div class="et_pb_row et_pb_row_2"><div class="et_pb_column et_pb_column_4_4 et_pb_column_2  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_0  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><p><strong><a href="https://www.mlsfinance.com.au/how-to-purchase-rural-property/#" data-mce-href="https://www.mlsfinance.com.au/how-to-purchase-rural-property/">Read time: 3&nbsp;minutes, 57 seconds.</a></strong></p><p><br></p>If you’re itching to buy some rural property, then know that you are not alone. Since 2020, a lot of people have been bitten by the bug. With lockdowns and work-from-home orders, more and more people are getting interested in moving away from the cities.&nbsp;Plus, the value of rural land is rising. Between June of 2017 and June of 2020, the&nbsp;<a href="https://www.countryman.com.au/countryman/news/australias-rural-land-values-boom-to-surpass-residential-property-value-growth-by-three-per-cent-ng-b881995137z" data-mce-href="https://www.countryman.com.au/countryman/news/australias-rural-land-values-boom-to-surpass-residential-property-value-growth-by-three-per-cent-ng-b881995137z">value of rural land nationwide</a>&nbsp;increased by 30%. With the current&nbsp;<a href="https://www.finder.com.au/the-average-home-loan-interest-rate" data-mce-href="https://www.finder.com.au/the-average-home-loan-interest-rate">average variable interest rate at under 4%</a>, you can expect even more interest in rural property.“The drive for the industry to reach $100 billion in output by 2030 will also continue to impact property prices, and reaching that target could see an almost 30% increase in rural land by 2030.” &nbsp; -Mark Bennet, ANZFor the most part, buying rural property is the same as buying any other property when you look at the big picture. However, there are certain nuances that you should keep in mind. So now let’s look at how you should go about purchasing rural property.</div><div class="et_pb_text_inner"><br data-mce-bogus="1"></div><div class="et_pb_text_inner"><br data-mce-bogus="1"></div></div></div></div></div><div class="et_pb_section et_pb_section_2 et_section_regular"><div class="et_pb_row et_pb_row_3"><div class="et_pb_column et_pb_column_4_4 et_pb_column_3  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_1  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="think-about-land-use"><strong>THINK ABOUT LAND USE</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_4"><div class="et_pb_column et_pb_column_4_4 et_pb_column_4  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_2  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">When thinking about land use, it’s not just about what you’re planning to do with the land. You also need to consider what the land was used for before.Let’s say, for example, you’re buying rural property for farming. It’s important to know of any&nbsp;<a href="https://www.dpi.nsw.gov.au/__data/assets/pdf_file/0004/421996/considerations-before-buying-rural-land.pdf" data-mce-href="https://www.dpi.nsw.gov.au/__data/assets/pdf_file/0004/421996/considerations-before-buying-rural-land.pdf">possible contaminants or residues from former use</a>.&nbsp;Chemical residues from previous use could affect your crop and in effect the marketability.When you think of chemical residues, you might jump straight to pesticide or fuel disposal sites. While that is one way that land can get contaminated, it’s not the only way. Even certain livestock diseases and crops can leave residue in the soil. Then when you start farming, these residues can affect your own produce.The truth is the seller isn’t legally bound to disclose every piece of information about the property. Plus, sometimes, they might not even know themselves. So check out the vegetation. Is the land covered under the&nbsp;<a href="https://www.awe.gov.au/agriculture-land/land/native-vegetation" data-mce-href="https://www.awe.gov.au/agriculture-land/land/native-vegetation">Native Vegetation Act</a>?&nbsp;Also, there are biosecurity measures you should consider. Does the property fall under a protection zone in the&nbsp;<a href="https://legislation.nsw.gov.au/#/view/act/2015/24" data-mce-href="https://legislation.nsw.gov.au/#/view/act/2015/24">Biosecurity Act</a>?&nbsp;This means certain activities that are prohibited on that land.If you plan to use this land for farming, you need to know if there is anything that could prevent you from moving forward.<br></div><div class="et_pb_text_inner"><br data-mce-bogus="1"></div></div></div></div><div class="et_pb_row et_pb_row_5"><div class="et_pb_column et_pb_column_4_4 et_pb_column_5  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_3  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="taxation"><strong>TAXATION</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_6"><div class="et_pb_column et_pb_column_4_4 et_pb_column_6  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_4  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">et an accountant that knows about rural taxation and talk about land use. How you get taxed is heavily dependent on the use of the land. Your accountant will tell you about things like whether certain taxes like the Goods and Services Tax (GST) will apply to you.According to the ATO, the&nbsp;<a href="https://www.ato.gov.au/law/view/document?docid=GII/GSTIIPP3/NAT/ATO/00001" data-mce-href="https://www.ato.gov.au/law/view/document?docid=GII/GSTIIPP3/NAT/ATO/00001">decision of who pays GST</a>&nbsp;and who doesn’t is done on a case-by-case basis. So let’s go back to the idea that you’re buying the property for farming, for example. Let’s say the previous owner farmed the land for 5 years up to when you buy it. If you intend to keep using it for farming, then you won’t have to pay GST.<br></div><div class="et_pb_text_inner"><br data-mce-bogus="1"></div><div class="et_pb_text_inner"><br data-mce-bogus="1"></div></div></div></div></div><div class="et_pb_section et_pb_section_3 et_section_regular"><div class="et_pb_row et_pb_row_7"><div class="et_pb_column et_pb_column_4_4 et_pb_column_7  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_5  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="mining-or-mineral-exploraiton"><strong>MINING OR MINERAL EXPLORAITON</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_8"><div class="et_pb_column et_pb_column_4_4 et_pb_column_8  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_6  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">Anyone can get a mining or exploration licence for your property. So if you want to get ahead of the game, you can get this license yourself. If someone else goes through proper channels and mines minerals on your land, it becomes theirs.In addition, if someone else gets a mining licence for your property, they are legally bound to ensure that they cause minimal disturbance to how you run your property. However, if there are situations where you can get overruled. One instance of this is if the&nbsp;<a href="https://earthresources.vic.gov.au/community-and-land-use/landholder-information/faqs" data-mce-href="https://earthresources.vic.gov.au/community-and-land-use/landholder-information/faqs">minerals found on your property are worth more than the agricultural value</a>&nbsp;of the land.<p><br></p></div></div></div></div><div class="et_pb_row et_pb_row_9"><div class="et_pb_column et_pb_column_4_4 et_pb_column_9  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_7  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="the-layout-of-the-land"><strong>THE LAYOUT OF THE LAND</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_10"><div class="et_pb_column et_pb_column_4_4 et_pb_column_10  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_8  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">The layout of the land directly impacts what you can do with it. So think about things like waterways and legal access. Trucks will need to easily access the land for pick-up and deliveries. So ensure that there are legal and adequate access points to the property.For your farm, you’ll want something without frost so your crops and livestock can get the most sunshine. So try to choose&nbsp;<a href="https://www.realestate.com.au/advice/how-to-buy-your-first-farm/" data-mce-href="https://www.realestate.com.au/advice/how-to-buy-your-first-farm/">land that faces the North</a>.“People are realising that they’ve just got to act now, because that parcel of land may not be available for a substantial period of time.”&nbsp; – Will Rayner, CFO, Rural BankIt’s always best to know what you’re buying into. So don’t let the fear of missing out push you into a rushed decision.&nbsp; To help you with the professional help and advice&nbsp;<a href="https://www.mlsfinance.com.au/" data-mce-href="https://www.mlsfinance.com.au/">MLS Finance</a>&nbsp;have a group of associates we can put you in touch with.&nbsp; The last thing you want to do is to legally own a piece of property that bleeds your bank account or one that is even harder to resell.<p><br></p></div></div></div></div></div><div class="et_pb_section et_pb_section_4 et_section_regular"><div class="et_pb_row et_pb_row_11"><div class="et_pb_column et_pb_column_4_4 et_pb_column_11  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_9  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h4 id=""><br></h4><h4 id="-2"></h4>🌐&nbsp;<strong>Website:</strong>&nbsp;<a href="https://www.mlsfinance.com.au/reach-out-to-us/" target="_blank" rel="noopener" data-mce-href="https://www.mlsfinance.com.au/reach-out-to-us/">Get in touch</a>📞&nbsp;<strong>Call:</strong>&nbsp;02 9635 1888📩&nbsp;<strong>Email:</strong>&nbsp;enquiries@mlsfinance.com.au🏠&nbsp;<strong>Ready to invest now?</strong>&nbsp;Fill out&nbsp;<a href="https://heyflow.id/mls-investing" target="_blank" rel="noopener" data-mce-href="https://heyflow.id/mls-investing">this questionnaire</a>&nbsp;and we’ll get back to YOU!</div></div></div></div></div>

How To Purchase Rural Property

<div class="et_pb_section et_pb_section_1 et_section_regular"><div class="et_pb_row et_pb_row_1"><div class="et_pb_column et_pb_column_4_4 et_pb_column_1  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_blurb et_pb_blurb_0  et_pb_text_align_left  et_pb_blurb_position_left et_pb_bg_layout_light"><div class="et_pb_blurb_content"><div class="et_pb_main_blurb_image"><span class="et_pb_image_wrap et_pb_only_image_mode_wrap"><img class="et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-12550 ls-is-cached lazyloaded et-animated et_had_animation" src="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png" sizes="(max-width: 343px) 100vw, 343px" srcset="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png 343w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-300x220.png 300w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-150x110.png 150w" alt="" width="343" height="252" data-srcset="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png 343w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-300x220.png 300w, https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background-150x110.png 150w" data-src="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png" data-sizes="(max-width: 343px) 100vw, 343px" data-mce-src="https://www.mlsfinance.com.au/wp-content/uploads/2021/06/No-background.png"></span></div><div class="et_pb_blurb_container">MLS Finance<a href="https://www.mlsfinance.com.au/category/commercial-investment/" data-mce-href="https://www.mlsfinance.com.au/category/commercial-investment/">Commercial Investment</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/first-home-buyers/" data-mce-href="https://www.mlsfinance.com.au/category/first-home-buyers/">First Home Buyers</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/general/" data-mce-href="https://www.mlsfinance.com.au/category/general/">General</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/property-investment/" data-mce-href="https://www.mlsfinance.com.au/category/property-investment/">Property Investment</a>&nbsp;|&nbsp;<a href="https://www.mlsfinance.com.au/category/property-purchase/" data-mce-href="https://www.mlsfinance.com.au/category/property-purchase/">Property Purchase</a></div></div></div></div></div><div class="et_pb_row et_pb_row_2"><div class="et_pb_column et_pb_column_4_4 et_pb_column_2  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_0  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><strong><a href="https://www.mlsfinance.com.au/how-to-increase-property-value-through-renovations/#" data-mce-href="https://www.mlsfinance.com.au/how-to-increase-property-value-through-renovations/">Read time: 3&nbsp;minutes, 57 seconds.</a></strong></div><div class="et_pb_text_inner"><br>Increasing property value offers a lot of benefits. Whether you flip properties or you’re hoping to use your home’s equity to buy another, renovations make all the difference when it comes to ROI.&nbsp;A Westpac study found that&nbsp;<a href="https://www.westpac.com.au/about-westpac/media/media-releases/2014/24-november/" data-mce-href="https://www.westpac.com.au/about-westpac/media/media-releases/2014/24-november/">89% of Australians believe that renovation is a good strategy</a>&nbsp;to increase the value of their property.<p><br></p><p><strong style="font-family: var(--head-fontFamily); font-size: 32px;">HOW MUCH YOU SHOULD BE SPENDING ON RENOVATIONS</strong><br></p><p><strong style="font-family: var(--head-fontFamily); font-size: 32px;"><br data-mce-bogus="1"></strong></p></div></div></div></div></div><div class="et_pb_section et_pb_section_2 et_section_regular"><div class="et_pb_row et_pb_row_4"><div class="et_pb_column et_pb_column_4_4 et_pb_column_4  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_2  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">Property experts recommend spending&nbsp;<a href="https://www.mortgagechoice.com.au/blog/renovating/2021/08/increase-your-property-s-value-with-these-landscapingrenovation-tips/" data-mce-href="https://www.mortgagechoice.com.au/blog/renovating/2021/08/increase-your-property-s-value-with-these-landscapingrenovation-tips/">no more than 5% of your home’s value</a>&nbsp;on renovations. If your home’s value is $500,000, the bathroom renovation cost should be $25,000 or less, ideally.&nbsp;<p><br></p><p><br data-mce-bogus="1"></p></div></div></div></div><div class="et_pb_row et_pb_row_5"><div class="et_pb_column et_pb_column_4_4 et_pb_column_5  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_3  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="choosing-the-right-renovation-projects"><strong>CHOOSING THE RIGHT RENOVATION PROJECTS</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_6"><div class="et_pb_column et_pb_column_4_4 et_pb_column_6  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_4  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">Not all renovation projects provide a high return on investment. How you go about increasing property value through renovations should be based on what your intentions are.&nbsp;If you plan to stay in the property for a long time, a full-scale kitchen remodel may be justified. However, if you’re planning to sell in the short term, it’s best to keep renovation costs to a minimum.&nbsp;Here are some effective ways to increase your property value through renovations:&nbsp;<p><br></p><p><br data-mce-bogus="1"></p></div></div></div></div></div><div class="et_pb_section et_pb_section_3 et_section_regular"><div class="et_pb_row et_pb_row_7"><div class="et_pb_column et_pb_column_4_4 et_pb_column_7  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_5  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="garage-conversion"><strong>GARAGE CONVERSION</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_8"><div class="et_pb_column et_pb_column_4_4 et_pb_column_8  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_6  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">When executed correctly, garage conversions have the potential to&nbsp;<a href="https://uk.virginmoney.com/brighter-money/how-to-add-value-to-your-home" data-mce-href="https://uk.virginmoney.com/brighter-money/how-to-add-value-to-your-home">increase your property’s value by up to 10-15%</a>.&nbsp;Conversions of existing spaces to make them habitable dwellings could prove a better investment than the construction of new rooms altogether.&nbsp;For the growing family, it can provide a much-needed additional bedroom or an entertainment area.&nbsp;<p><br></p></div></div></div></div><div class="et_pb_row et_pb_row_9"><div class="et_pb_column et_pb_column_4_4 et_pb_column_9  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_7  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="rental-income"><strong>RENTAL INCOME</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_10"><div class="et_pb_column et_pb_column_4_4 et_pb_column_10  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_8  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">Converting your garage to a self-contained rental unit will enable you to earn rental income. This move can offset loan repayments and help you pay off your mortgage faster.&nbsp;“More often than not, we see a large array of clients looking for properties with granny flats for a range of options. The normal family often seeks this addition should they wish to move into a property with their parents, splitting the costs of living while also keeping the family unit tight. We also note that a range of astute property buyers is looking for this addition to ease their mortgage by leasing out this external flat.” &nbsp; -Rebecca Mikellides, Ray White Willoughby AgentBear in mind that garages were not made to be habitable. A garage conversion involves the reclassification of the structure. So you’re changing it from non-habitable to habitable.&nbsp;Before proceeding with any work, will need to seek the approval of the Building Code of Australia (BCA).<p><br></p></div></div></div></div></div><div class="et_pb_section et_pb_section_4 et_section_regular"><div class="et_pb_row et_pb_row_11"><div class="et_pb_column et_pb_column_4_4 et_pb_column_11  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_9  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="the-value-of-adding-square-footage"><strong>THE VALUE OF ADDING SQUARE FOOTAGE</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_12"><div class="et_pb_column et_pb_column_4_4 et_pb_column_12  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_10  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">When executed correctly, garage conversions have the potential to&nbsp;<a href="https://uk.virginmoney.com/brighter-money/how-to-add-value-to-your-home" data-mce-href="https://uk.virginmoney.com/brighter-money/how-to-add-value-to-your-home">increase your property’s value by up to 10-15%</a>.&nbsp;Conversions of existing spaces to make them habitable dwellings could prove a better investment than the construction of new rooms altogether.&nbsp;For the growing family, it can provide a much-needed additional bedroom or an entertainment area.&nbsp;<p><br></p></div></div></div></div><div class="et_pb_row et_pb_row_13"><div class="et_pb_column et_pb_column_4_4 et_pb_column_13  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_11  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="repair-or-replace-a-damaged-roof"><strong>REPAIR OR REPLACE A DAMAGED ROOF</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_14"><div class="et_pb_column et_pb_column_4_4 et_pb_column_14  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_12  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">A new roof has the potential to boost your&nbsp;<a href="https://www.smartpropertyinvestment.com.au/promoted-content/18522-how-roof-restorations-boost-property-value-restores-appearance#:~:text=This%20is%20why%20a%20roof,the%20value%20of%20your%20home." data-mce-href="https://www.smartpropertyinvestment.com.au/promoted-content/18522-how-roof-restorations-boost-property-value-restores-appearance#:~:text=This%20is%20why%20a%20roof,the%20value%20of%20your%20home.">property’s value by up to 40%</a>.&nbsp;While a damaged roof can deter potential buyers. Let’s say the added value of the roof replacement is higher than the cost of the roof replacement. It makes sense to proceed in this case.&nbsp;It’s much easier to justify a higher listing price when selling your property if the roof has recently been replaced. Potential buyers are happy to know that the roof is not an expense they will have to consider immediately.&nbsp;&nbsp;<p><br></p></div></div></div></div></div><div class="et_pb_section et_pb_section_5 et_section_regular"><div class="et_pb_row et_pb_row_15"><div class="et_pb_column et_pb_column_4_4 et_pb_column_15  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_13  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h3 id="install-new-flooring"><strong>INSTALL NEW FLOORING</strong></h3></div></div></div></div><div class="et_pb_row et_pb_row_16"><div class="et_pb_column et_pb_column_4_4 et_pb_column_16  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_14  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner">Research suggests that&nbsp;<a href="https://www.onlineflooringstore.com.au/increasing-home-value-by-revamping-floors/" data-mce-href="https://www.onlineflooringstore.com.au/increasing-home-value-by-revamping-floors/">hardwood flooring can increase a property’s resale value</a>&nbsp;by nearly 3%. They can last for over ten years with regular maintenance. Plus, they are considered a great long-term investment strategy for high-end property owners.&nbsp;Properties on the smaller side, like apartments, can benefit most from cost-effective solutions like engineered flooring.&nbsp;&nbsp;Unlike hardwood prices that can run as high as $120 per square metre, engineered flooring can help you achieve the hardwood look without the expensive price tag. Both hardwood and engineered flooring provide years of durability. When you are ready to sell your property and move on, refinish your flooring to give them new life. It will be much more affordable than having to completely replace it.There are a plethora of things that you can do to increase your property value. When it comes to renovations, value will vary by location, property value, etc. Increasing resale value can be done simply and methodically. So, instead of an expensive overhaul, consider which changes will provide the most value. If you’re aware of what potential buyers are looking for, you’ll know which renovations will make the most sense financially.If you need assistance navigating through the renovating process&nbsp;<a href="https://www.mlsfinance.com.au/" data-mce-href="https://www.mlsfinance.com.au/">MLS Finance</a>&nbsp;are on standby to help.&nbsp;&nbsp;<br></div><div class="et_pb_text_inner"><br data-mce-bogus="1"></div></div></div></div></div><div class="et_pb_section et_pb_section_6 et_section_regular"><div class="et_pb_row et_pb_row_17"><div class="et_pb_column et_pb_column_4_4 et_pb_column_17  et_pb_css_mix_blend_mode_passthrough et-last-child"><div class="et_pb_module et_pb_text et_pb_text_15  et_pb_text_align_left et_pb_bg_layout_light"><div class="et_pb_text_inner"><h4 id="-2"></h4><h4 id="-3"></h4>🌐&nbsp;<strong>Website:</strong>&nbsp;<a href="https://www.mlsfinance.com.au/reach-out-to-us/" target="_blank" rel="noopener" data-mce-href="https://www.mlsfinance.com.au/reach-out-to-us/">Get in touch</a>📞&nbsp;<strong>Call:</strong>&nbsp;02 9635 1888📩&nbsp;<strong>Email:</strong>&nbsp;enquiries@mlsfinance.com.au🏠&nbsp;<strong>Ready to invest now?</strong>&nbsp;Fill out&nbsp;<a href="https://heyflow.id/mls-investing" target="_blank" rel="noopener" data-mce-href="https://heyflow.id/mls-investing">this questionnaire</a>&nbsp;and we’ll get back to YOU!</div></div></div></div></div>

How To Increase Property Value Through Renovations

<p>Author:&nbsp;<strong>Leah Jackson</strong></p><p>According to a new study,&nbsp;<a href="https://www.comparethemarket.com.au/news/compromising-lifestyle-to-purchase-property-is-buyers-biggest-regret/" data-mce-href="https://www.comparethemarket.com.au/news/compromising-lifestyle-to-purchase-property-is-buyers-biggest-regret/">5 out of 10 Australians say buying a home is one of the most stressful life events</a>. The study found that the process of purchasing a home caused more stress than getting married (78%), having a baby (77%) or finding a new job (70 %).</p><p>For many Australians, the most significant source of stress was the cost of buying a home, with nearly half (49%) saying they were worried about having enough money for a deposit. A third (34%) said they were stressed about being able to afford their mortgage repayments, and a quarter (26%) said they were worried about the cost of repairs and maintenance.</p><p><em>“Home buying is one of the most significant financial decisions most of us will ever make, so it’s no wonder it causes so much stress. The good news is that you can do a few simple things to reduce your stress levels and make the process easier with the help of finance strategists,</em>” says&nbsp;<a href="https://www.maxfunding.com.au/second-mortgage.html" data-mce-href="https://www.maxfunding.com.au/second-mortgage.html">second mortgage loan provider Shane Perry of Max Funding.</a></p><p>Here are five tips to reduce stress when buying a home:</p><h3 id="1-get-your-finances-in-order" class="wp-block-heading"><strong>1. Get Your Finances In Order</strong></h3><p>The first step to reducing stress is to get your finances in order. This means getting pre-approval for a loan, knowing how much you can borrow and comparing home loan rates to get the best deal. It also means being realistic about your budget and what you can afford.</p><h3 id="2-do-your-research" class="wp-block-heading"><strong>2. Do Your Research</strong></h3><p>The second step is to do your research. This means knowing what kind of property you want, where you want it to be located and how much you are willing to pay. It also means being aware of the different types of properties available and their pros and cons.</p><h3 id="3-get-help-from-a-professional" class="wp-block-heading"><strong>3. Get Help From A Professional</strong></h3><p>The third step is to get help from a professional. This means using a buyer’s or real estate agent to help you find the right property and negotiate the best price. It also means getting advice from a mortgage broker or financial advisor to ensure you get the best loan for your needs.</p><p><img class=" lazyloaded" src="https://lh6.googleusercontent.com/OY8AQ_T8siAwl5ieeamPz0k65c7DBTY7ObEQ7t__Q75GoRuh_Z8YAaEdg6UhsDdY34Ydg5zJ1AZFFFjyW4fs2cWwufMZC3atm31gHW7iwCUsR4ET_MWKGUi3001eJgiuXCQdJHj8r5s4VAMv4SMudxcapciZTc6x0xn4J2EAquNAuC-d9wywA-OBBmFJRo3N6c4kzQ" width="624" height="416" data-src="https://lh6.googleusercontent.com/OY8AQ_T8siAwl5ieeamPz0k65c7DBTY7ObEQ7t__Q75GoRuh_Z8YAaEdg6UhsDdY34Ydg5zJ1AZFFFjyW4fs2cWwufMZC3atm31gHW7iwCUsR4ET_MWKGUi3001eJgiuXCQdJHj8r5s4VAMv4SMudxcapciZTc6x0xn4J2EAquNAuC-d9wywA-OBBmFJRo3N6c4kzQ" data-mce-src="https://lh6.googleusercontent.com/OY8AQ_T8siAwl5ieeamPz0k65c7DBTY7ObEQ7t__Q75GoRuh_Z8YAaEdg6UhsDdY34Ydg5zJ1AZFFFjyW4fs2cWwufMZC3atm31gHW7iwCUsR4ET_MWKGUi3001eJgiuXCQdJHj8r5s4VAMv4SMudxcapciZTc6x0xn4J2EAquNAuC-d9wywA-OBBmFJRo3N6c4kzQ"></p><h3 id="4-be-prepared-for-unexpected-costs" class="wp-block-heading"><strong>4. Be Prepared For Unexpected Costs</strong></h3><p>The fourth step is to be prepared for unexpected costs. This means having a buffer in your budget for things like stamp duty, legal fees and inspection reports. It also means being realistic about the cost of repairs and renovations and knowing how much you can afford.</p><h3 id="5-have-realistic-expectations" class="wp-block-heading"><strong>5. Have Realistic Expectations</strong></h3><p>The fifth and final step is to have realistic expectations. This means understanding that buying a home can be stressful and that there may be unexpected delays or problems. It also means knowing that the perfect property may not exist and that you may have to compromise on some of your wants and needs.</p><p>These five simple steps can reduce stress when buying a home and make the process much easier. Remember, getting professional help and advice when buying a property is essential to ensure you get the best deal possible.</p><h3><strong>Where To Find Help With Buying Your Dream Home?</strong></h3><p>We all know that buying a home is one of the most stressful things you can do. It’s a significant financial decision, so many things to consider. But don’t worry, we’re here to help.</p><p>MLS Finance and our team of experienced mortgage brokers can help you find the right loan for your needs and compare home loan rates from various lenders. We can also help you negotiate the best price for your new home and advise on stamp duty, legal fees and other costs.</p><p><strong>Call us</strong> at 0490 828 485 or email at contact@investorfi.com.au if you’re ready to buy your dream home.</p>

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How To Increase Property Value Through Renovations

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