January 1, 1970 Financial Insights

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Capitalizing on SA’s Soaring Home Prices – My Money House

Posted on | by mmhadm

You read it right!

If you miss to  invest in South Australia’s property market now, you will possibly regret in the future! Continue reading this article why and how you can enter the market today!

Adelaide Cityscape

South Australia, being one of the best places to live in Australia and Adelaide, the capital city’s economy rising, the property market here is beating decreasing markets across major cities of Australia. In a recent article published by The Advertiser and available online at realestate.com.au, Adelaide houses’ median value has recorded the high price ever making it to $500,000 in 2018, which easily beats other major Australian cities.

In December quarter of 2018, while the statewide median house recorded a price increase of only 1.9%, Adelaide alone observed the increment by 2.13%.

Below are the top performing suburbs (image source: realestate.com.au  )sa property record high price

 

What does this high price record mean?

Real Estate Institute of South Australia president Brett Roenfeldt said this demonstrates the continuing resilience and strength of the South Australian property market and sent a clear message to the rest of country that SA is the place to invest.

 

What now?
Total and Permanent Disability Insurance

Investing in Adelaide’s property market is the best decision you can think of. If you are thinking of investing and miss to invest during this time, then from years from now, you will regret not making the right decision on time. The only reason for this is Adelaide’s rising property market while other major cities in Australia are facing decreasing property market.

So, you thought of entering the market, but how do you do that? Where to lay your first step? You might have such queries or even more! We are here to give you a company! Yes, professional company, more than a friend!
We are South Australia’s leading property investment company with over 30 years of experience in helping people achieve the Australian dream of home ownership and creating wealth through investing in property.

About My Money House Group

My Money House Logo
Empowering People to Live Life on Their Terms
At My Money House getting to know your finances, goals and family while supporting you every step of the way is what drives us.
From our initial meeting, to helping you devise the right plan, to securing the right property, to looking after your taxes, insurances, property management ensures you can live your life to the fullest and on your terms.

Top four reasons to choose us among others:

  1. Dedicated Specialists.
  2. Industry Recognition
  3. Under One Roof
  4. Local Business

why mmh

Don’t wait more, take action today!

Talk to our Dedicated Specialists

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Book a Strategy Session

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Invest in Property Now!

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note: Information and some images presented in this post are sourced and originally available at https://www.realestate.com.au/

Home Affordability

Real Estate Property Outlook – October 2018

Posted on | by mmhadm

According to Realestate.com, the Top 10 most in demand suburbs in Australia feature both Crafers West and Aldgate in South Australia.  The median house price in Adelaide is $473,000 (up 5.1% on year on year growth).

Employment growth is well underway which could lead to a shortage of low cost investment properties.  However, premium suburbs are always a focus.

The Top 10 in demand suburbs for residential properties in Adelaide in order of demand are Stirling, Parkside, Aldgate, Unley, Goodwood, Crafers West, Hawthorndene, Belair and Bridgewater.

Can you imagine the rental returns plus increase in property values for these suburbs and how they would impact on your property portfolio?  Don’t miss out on purchasing residential property investments in Adelaide.  Talk to a Consultant at My Money House today.

 

Adelaide Cityscape

Why Choose Property to Invest in?

Posted on | by mmhadm

Australia’s real estate market has been growing at a steady pace for the past few years. According to the latest reports, new home listings were 12% higher across Australia in July 2024 than at the same time last year. Experts also believe more buyers and renters will be on the hunt for a new home this season.

In other words, more and more Aussies are seeing investment property as a secure way to grow wealth, especially with consistent demand pushing up values. It’s a great way to ensure a steady income and long-term capital growth. In some situations, you might be able to enjoy tax breaks, which would help you grow your portfolio more efficiently. 

This post from My Money House experts will guide you through why investing in property makes sense and how it will help you grow your wealth.

Let’s go.

Why Invest in Property?

Investing in property can be a great strategy to increase your wealth. People invest in property for the following reasons:

1. It’s a Stable Investment 

Property is stable. In fact, property prices go up over time at a steady pace. Any losses in property values are in the short term and the long-term property prices will increase. Even today, the real estate market in Australia is showing promising growth. 

For instance, the median rental prices for houses in Adelaide went up by 10.7% while unit and apartment prices soared by 7.2%. You can expect a good return if you own an investment property in Adelaide. You can rent a house for $620 PW with an annual rental yield of 3.7%, and units can go for $557 PW with a rental yield of 6.0%. 

2. Easy to Understand

While stocks and other investments offer good returns, property is very easy to understand – property language is used in everyday life, and there are limited products available to buy and sell property.

You don’t need to be an expert to grasp property investment basics. The market is relatively simple, with fewer variables than shares or hedge funds, where company performance and global events play a big role.

3. More Leverage Opportunities

Unlike most other investments, property is easy to leverage. It is easy to obtain a loan against a property, as property is a secure investment. This means you can buy an investment property with lower upfront costs. When you rent out your property, the rent can be used to pay the repayments on your loan. 

4. Rental Income and Long-term Returns

When you buy an investment property, you can generate passive income through rent. In Australia, rental yields can range from 3-5%, depending on your location. This cash flow can cover your mortgage and other expenses. Over time, as property values increase, your rental income can also grow, providing even better returns.

5. Tax Benefits

The Australian government offers several tax benefits for investing in property. For example, if you have owned the property for more than a year and are an Australian resident, you may be entitled to a 50% discount on the capital gains tax. Depending on your location, property size, and income, you may be able to enjoy other tax benefits.

6. Diversification

Diversification is a cardinal rule of investing, and investing in a property helps diversify your portfolio. Unlike stocks, which can be volatile, property tends to be more stable and offers long-term returns. Having a mix of assets like these can protect you from market fluctuations, ensuring that not all your wealth is tied to a single investment.

7. Building Equity for Your Future

As your property investment increases in value, you build equity. Over time, you can use this equity to leverage other investments, which allows you to grow your portfolio without needing a large amount of cash. Many investors use this strategy to continue expanding their assets.

8. Better Control Over Your Investment

When you invest in shares or managed funds, you’re often at the mercy of company directors or hedge fund managers. But with property investment, you have direct control. You can decide whether to buy an old or new house and when to buy, sell, renovate, or lease it. This freedom gives you more power over your financial planning. 

9. Hedge Against Inflation

Although Australia’s inflation rate (2.7%) is at its lowest since 2021, it’s a stark reality. However, property investment is an effective hedge against inflation. As the cost of living rises, so do property values and rental prices. Investing in property helps your asset appreciate with inflation and maintain or grow your wealth in the long run.

10. Growing Demand

Australia remains one of the fastest-growing countries in the world. Since 1960, the urbanisation rate in the country has been above 80% and reached 86.62% in 2023 — the highest ever. Several things are responsible for this tremendous growth, such as the growing economy and increasing immigration. 

This growing population and urbanisation are creating increased demand for housing, particularly in major cities like Sydney, Melbourne, Adelaide, and Brisbane. That, in turn, drives property values up, making it an attractive long-term investment.

How Does My Money House Fit into This?

With a staff of over 60 in Adelaide and Perth and years of cumulative industry experience, My Money House has been a go-to for all things property investment in South Australia. Since we opened our doors, we’ve been a customer-centric business. 

We will help you to develop and implement your property investment strategy through:

  • Helping you to understand property as an investment.
  • Setting a budget and understanding your financial capacity.
  • Researching the property market to find you the best opportunities.
  • Understanding the numbers to know when investments are great opportunities.
  • Appointing your team of dedicated experts with much experience in their fields.
  • Building your property portfolio so that you can leverage new property purchases against your portfolio’s equity.

Simplify Your Property Investment with MMH

Thanks to the growing Australian economy, property investment is fast becoming a reliable way to build wealth. Its stability, the ability to leverage, and tax benefits make the property an appealing option for investors. While no investment is without risk, property remains a solid, long-term choice that can help you achieve your financial goals. Whether you’re just starting or looking to expand your portfolio, now is an excellent time to consider property investment.

MMH can help you invest, secure a mortgage to buy a property, manage tenants and collect rent. We are your one-stop shop for all things property investment. Contact us today to get started.

Home Loan

Motor Vehicle Finance Options Available in Australia

Posted on | by mmhadm

In Australia, owning your own ride is often a necessity, whether for work or personal use. It’s no wonder there were over 20 million registered motor vehicles in the country as of 31 January 2021, a 1.7% increase from the previous year.

However, buying your dream car comes with a hefty price tag. That’s where motor vehicle finance can help. Whether looking for a new or used car, financing options allow you to spread out the cost and drive away without the strain of paying upfront.

But which is the best motor vehicle finance? 

With so many options, it is natural to feel overwhelmed. Don’t worry. Curated by the experts at My Money House, this post will walk through the different motor vehicle finance in Australia. 

Let’s get cracking!

Car Loans

A standard car loan is one of the most common motor vehicle finances in Australia, with 23.6% of Australians having one in 2024. Typically, you will come across two types of car loans: 

1. Secured Car Loans 

Considered the best motor vehicle finance in Australia, a secure car loan requires your vehicle as collateral. In other words, if you default on the loan, the lender has the right to repossess your car. A secured loan typically has lower interest rates because the lender carries lesser risk. 

The benefits of a secured car loan include:

  • Flexible loan repayment periods for 2 to 7 years
  • The option for a residual value to reduce the monthly repayments
  • Competitive interest rate
  • A lump sum option to reduce the balance owed on the loan
  • If the car is used for business purposes, a tax deduction can be made
  • Lower interest rates due to the loan being secured against the vehicle

2. Unsecured Car Loans

If you prefer not to use your car as collateral, an unsecured loan might be your next best motor vehicle finance option. These loans don’t require you to tie any asset to the loan, but they tend to come with higher interest rates since there is more risk to the lender. Unsecured car loans are more flexible, making them a good option for individuals with a good credit history.

Novated Lease

If you’re an employee looking for a tax-effective way to finance a car, a novated lease is an excellent option. A novated lease works in the following way:

  • The Novated Lease is a three-way agreement between you, your employer and the finance company.
  • You will be using your pre-tax income to pay for the novated lease.
  • You are the legal owner of your vehicle.
  • You will be able to choose the vehicle that’s right for you.
  • You will enjoy a higher disposable income.

A novated lease can offer significant tax savings for employees, particularly those in higher tax brackets. Keep in mind, though, that if you leave your job, you’ll need to take over the lease payments or negotiate a new agreement with your new employer.

Leasing Options

Vehicle leasing is another motor vehicle finance option that lets you drive the car you need without the burden of ownership. Typically, you can get: 

1. Finance Lease

Under a finance lease, you can lease the car for a fixed period and make regular payments to the lender. You don’t own the car, but you have the option to purchase it at the end of the lease term by paying a residual amount. This motor vehicle finance works well for businesses that require flexibility in upgrading their vehicles.

2. Operating Lease

An operating lease is a short-term arrangement where the leasing company owns the car. At the end of the lease, you simply return the vehicle with no option to purchase. Operating leases are perfect if you want to avoid the hassle of ownership and prefer to upgrade your fleet regularly without worrying about depreciation or resale value.

Personal Loans

You can consider a personal loan if you are not looking for traditional motor vehicle finance in Australia. Personal loans can be used to finance a car and are generally unsecured, meaning you don’t have to provide collateral. 

However, like an unsecured car loan, interest rates tend to be higher because the lender assumes more risk. The upside is a personal loan offers flexibility in how you use the funds, making it perfect if you want to finance both the car and other related expenses, like insurance or modifications.

How to Choose the Right Motor Vehicle Finance?

With several motor vehicle finance options, choosing the right one will require some research. Here are a few factors you need to consider:

 1. Budget

First, think about how much you can afford in monthly payments. A finance option with a balloon payment might suit you if you want lower repayments now but can manage a large sum later. We recommend using our motor vehicle finance calculator to get a clear picture. 

This tool will help you understand: 

  • Monthly repayments
  • Interest rates 
  • And the total amount payable over the life of the loan

Use this motor vehicle finance calculator to compare different loan terms, interest rates, and down payments to find what fits your budget.

2. Ownership or Leasing

Do you want to own the vehicle outright or have the flexibility of leasing? If ownership is your goal, a secure car loan may be better, while a novated lease or finance lease is perfect if you want flexibility without the commitment of ownership. 

3. Tax Considerations

If you want to use the vehicle for business, a finance lease can provide tax benefits. A novated lease also offers tax savings for employees.

4. Flexibility

Some options, like a finance lease or a novated lease, allow you to return or upgrade the car at the end of the term. This is a good choice if you want the latest model or are unsure about keeping the vehicle long-term.

Get The Best Motor Vehicle Finance in Australia

Whether you want to buy it for personal use or business, financing a vehicle is a major decision. Choosing the right option can save you time, money, and stress. So, take your time to understand your financing options and weigh their pros and cons carefully before you sign a loan agreement. 

My Money House offers a variety of motor vehicle finance, from secure car loans to novated leases and personal loans. We provide solutions tailored to your needs, whether you are a first-time car buyer, a business owner, or just looking for a new vehicle. 

Contact us to get started. 

Property Management

What kinds of Business Finance can My Money House provide?

Posted on | by mmhadm

My Money House provides business finance too small to medium sized businesses.  My Money House have a Commercial Finance Broker on site to ensure you get the best Business Finance to suit your needs.  The Business Loans that My Money House can obtain for you include:

  • Working Capital – This loan can be secured against your business or unsecured. If the loan is secured the interest rate is lower.  This finance will cover costs like negative cash flow, paying suppliers and employees’ wages.  Repayments commence after you have drawn down on your working capital loan.
  • Purchase a Business – A loan to finance the purchase of a business. You will need to provide financial statements of the business including cash flow, profitability, tax returns, sales forecasts and growth potential.  We will also need to see your qualifications and personal assets and liabilities.
  • Commercial Business Loan – To purchase real estate for business operations including retail, industrial, an office complex, aged care facilities, hotels, and apartments. This loan can be for buying land, property development or construction.
  • Equipment and Vehicle Finance – To purchase motor vehicles; commercial vehicles; plant and machinery; agricultural equipment; computers, photocopiers and phone systems; medical and dental equipment; office equipment; and general business equipment.

Visit My Money House for more information about Business Finance.

Car Loan Guide

How Can My Money House Secure Me the Best Car Loan?

Posted on | by mmhadm

My Money House has assisted thousands of people to obtain the best car loans that suit their needs.  We discuss your needs and explain all the features to get you the best car loan.  The items that we discuss include:

  • The make of the vehicle you would like to purchase
  • If your vehicle is new, used or demo vehicle
  • Whether the car is used for business or private purposes
  • How much money you need to pay for the vehicle
  • The period of the loan from 2 to 7 years
  • The option to have a residual amount at the end of the contract to reduce the payment amounts
  • The option to put down a deposit for the loan
  • Lower interest rate due to the loan being secured against the vehicle

Once My Money House understand your needs, we can compare the features of a list of car loans from different banks and financial institutions and find you the best car loan to suit your needs.

Please visit My Money House for more information about a car loan.

 

Home Owners Insurance

How Does Enter The Market Assist First Home Buyers?

Posted on | by mmhadm

Property Specialists at Enter the Market understand the needs of first home buyers and can assist you in the following ways:

  • Explaining the process to understand the requirements and ensure a smooth transition into a brand new first home.
  • Only a $3,000 deposit is required to secure your first house and land package.
  • Access lenders where you are not required to make payments during the construction phase of your loan to ensure you can continue to pay your rent during this period.
  • Fixed price house and land packages are available to first home buyers so there are no nasty surprises and variations to contracts costing more money.
  • A guaranteed build time to ensure your new home is ready to move into at the handover date.
  • Quality house and land packages are available through South Australia and Australia wide.
  • Giving you access to information about the First Home Owners’ Grant and assisting you with understanding the criteria and lodging your application.
  • If you choose to build, Enter the Market can give you access to a range of builders and plans to find a home for you.

Contact Enter the Market today.

Finance investor

How does My Property House manage my investment property?

Posted on | by mmhadm
My Property House has a process to ensure that you get the best tenants possible and rent for your investment property.  This process includes the following:
  • Appraising your property to understand the rent that you can obtain from your investment property.
  • Having a database of reliable renters whom pay their rent and leave the property in excellent condition.
  • Regular inspections on all areas of your property and reports on your investment property with zero tolerance rent control.
  • Photographing the property to ensure the landlord has peace of mind at the landlord’s request.
  • No smoking inside the premises with a clause in the tenancy contract.
  • A reliable maintenance request system to ensure that the property is kept up to a standard and has a positive return.
  • Exceptional communication from My Property House which is expected from you in return.
We work with you every step of the way and even have landlords interstate that we keep informed about their properties.  My Property House customers are always happy with their rental returns and the condition of their properties. For more information about managing your investment property, contact My Property House.
House with Adelaide City Skyline

Maximize Your Property Investment Finance – My Money House

Posted on | by mmhadm

My Money House have finance specialists that can assist you to find the best loan for property investment.  They have a range of investment loans to choose from and will help you to:

  • Understand the different investment property loans on the market and what their differences, options and terms are.
  • Provide real choice, looking to find you the right deal.
  • Work with multiple lenders, not just one and keeping competition alive.
  • Negotiate a better interest rate with options and terms that suit your needs and investment time line.
  • Help at a time and place that suits you whether at work, home or at the My Money House office.
  • Doing the legwork for you by reviewing the loans available, understanding your priorities and selecting the investment loans with the best options for you.
  • Ensure all the paperwork is complete and accurate.
  • Save you time and stress, and getting things moving as quickly as possible.
  • Lodging the property loan application for you.

 

My Money House Finance Specialists do all the hard-work for you.  We will ensure that your investment loan meets your needs and takes into consideration your priorities.

Contact My Money House today.

 

first home buyers adelaide

How Does My Money House Save Me Money On My Home Loan?

Posted on | by mmhadm

My Money House has accredited and experienced Mortgage Brokers that can assist you to find a home loan to suit your needs.

We have a range of approved home loans from different banks and financial institutions that we can choose from to ensure you get the best loan.  These home loans have different interest rates and could have a redraw facility, offset account, options for extra payments, split loan, no ongoing fee, and/or mortgage insurance.

We work with you to discuss what each of these options are and which ones are important to you in a home loan. 

Line of Credit – You can pay into and withdraw from this account and keep up with regular repayments.  Your income can be paid into this account to help pay off the mortgage sooner. 

Offset account – A separate account that you have your pay paid into which decreases the balance of your loan account to reduce the interest paid.

Flexible payments – Paying more money into the loan when you have that money available to reduce the interest paid.

Flexible rates – Fixed or variable interest rates, depending on which way interest rates are heading and how you can save on interest paid.

My Money House will give you the best comparison rate based on your needs in a home loan.

Take our Home Loan Comparison today.