As Courtney C Stevens said “if nothing changes, nothing changes. If you keep doing what you're doing, you're going to keep getting what you're getting.”
As the end of February approaches and we realise we have already used two of the twelve months available to us ... it's a great time to stop and reflect on what changes we have made to better our future. If we continue to do the same as last year and expect a different result we might be bitterly dissapointed.
According to finder.com.au
the top ten new years resolutions for 2018 include getting out of debt. Getting out of debt is a great way to get a handle over your finances and increases your borrowing power. According to an article titled "Real Estate rich list grows as Australia's wealthiest reap property profits" written by the Guardian looks at how beneficial property has been in building peoples wealth. The article states that "profit margins in the real estate sector are at record highs and Australia’s richest individuals are increasingly listing property as their sole source of wealth, new analysis shows (read full article here
)." All real estate is cyclical and Broome is in a great position if you are considering buying. So far for 2018 we have leased 48 properties demonstrating strong rental demand to secure investment returns.
The last quarter for 2017 suggested the majority of Western Australia has turned a corner offering a positive in sales growth when you read the information supplied by REIWA (read full article here
Taking on a mortgage means taking control of your finances (yah change). With interest rates lingering at record lows, it's important those taking on another mortgage look beyond the here and now and invest in some long-term thinking. North West Finance offers a great place to start when considering an investment.
As a broker they bring choice to the table, and with access to loans from multiple lenders and up-to-date knowledge of lending rules, can take the pain out of navigating what is an ever-changing and increasingly complex landscape for property investors. Click here to contact North West Finance. Some recent properties listed with our Agency that offer great potential if you are considering adding an investment to your financial portfolio include: