Finance

You don’t usually find the words ‘Sydney’ ‘bargain and ‘property’ together in a sentence. Unless the sentence was something like: “You will never find a bargain property in Sydney.” The meteoric rise of Sydney’s property prices was felt all around the world.

For over a decade, prices rose at an unprecedented rate, making instant millionaires out of lucky existing homeowners while killing the dream of homeownership for most. For the average working Australian, owning a piece of our beautiful harbor city was simply unobtainable.

Until now.

The last year has seen most Sydney’s suburbs settle and fall back to reasonable levels. Now is the perfect time to enter into this formidable and fabulous market. While some suburbs continue to rise in value, many previously high performers have dipped considerably, presenting a unique opportunity to the first home buyer or investor.

Talk to a local lender like NPBS about a fantastic rate on a home loan; for very little money you could own your dream home in your dream location in Sydney. Most suburbs have dropped over %10 percent in price in the last year, but some have fallen even further, so where are the best bargain properties in Sydney?

Glebe.

An inner west favorite, Glebe is a cultural haven full of cafes and unique craft stores. Just a short stroll to Broadway shopping center and a twenty-minute walk from Sydney’s CBD, glebe is the quintessential inner-city ‘burb.

2018 Average house price: $1863480

2019 Average house price: $1590000

Redfern.

One of the most storied suburbs in Sydney, Redfern, is dynamic and colorful, snuggled in the heart of our great city. Over the past decade Redfern has seen extensive gentrification, sadly pushing out many long-term residents to make way for cashed-up investors. Happily, Redfern fought back and has retained its unique and powerful charm.

For under 1.5 million dollars, this is a rare opportunity to own real estate in the heart of Sydney. A short walk from the CBD, Redfern represents supreme value.

2018 Average house price: $1618848

2019 Average house price: $1386000

Epping.

A suburb on the rise, without the rising price tag. Epping is conveniently located, with its train station acting as a local hub. One of the most affordable suburbs this side of western Sydney, with a strong Chinese presence. First home buyers would do well to add Epping to their list of suburbs to watch.

2018 Average house price: $1705200

2019 Average house price: $1450000

Gladesville.

Proudly positioned on Sydney’s lower north shore, Gladesville is a leafy riverfront suburb. The mighty paramatta river affords beautiful views and recreation, while Gladesville’s historic, heritage-listed buildings radiate permanence. Home to the Gladesville Bridge, an iconic structure that links Sydney’s inner west to its north shore, Gladesville is a connoisseur’s choice of suburb.

Gladesville has also seen the sharpest fall in prices, its time to contact your lender and invest in a historic part of Sydney.

2018 Average house price: $2017800

2019 Average house price: $1710000

North Bondi

Excuse me? North Bondi included in Sydney’s best bargain suburbs? Yep, much to the chagrin of investors who bought in five years ago. Bondi Beach is famous worldwide and is one of Australia’s hottest tourist destinations. North Bondi is one of the most sought-after locations in Sydney, with countless heritage listed sites and a beach lifestyle to die for.

At over 2.5 million dollars for the average home, North Bondi might not seem like a hot bargain, but when you consider that just a year ago that figure was close to 3 million, a house near Sydney’s favorite beach seems almost affordable.

2018 Average house price: $2948412

2019 Average house price: $2533000

North Rocks

Back in bushranger times, North Rocks was an unsavory hang out for thieves looking for an easy target. Nowadays, its an industrious suburb surrounded by the natural beauty of the Hills district. Minutes away from the M2 corridor, North Rocks is a conveniently located suburb with some very attractively priced properties.

2018 Average house price: $1238880

2019 Average house price: $1068000

Dee Why

Another beachside gem. Dee Why is a popular spot for not only beach goers, but diners too, with a trendy strip of restaurants and eateries nestled on the shore of the beach. Living in Dee Why grants easy access to not only Dee Why beach, but a whole host of fantastic beaches.

2018 Average house price: $1645645

2019 Average house price: $1415000

Suburbs on the rise

I have compiled a list of suburbs that have fallen in value, presenting a great opportunity for those who were previously priced out of their chosen suburb. Buying in now while the prices are down is smart, but what about those suburbs that continue to rise in value? Surely there is some merit in investing in a trend that continues to rise?

Perhaps there is, there is no sign of these suburbs slowing down, meaning the best time to buy is now. Let’s have a look at two suburbs that keep bucking the trends.

Mosman

The beautiful harbourside suburb of Mosman is a well-known hotspot for the wealthy elite. Stunning homes with stunning views of the stunning city, it’s all so, stunning. Let’s continue getting stunned by the price of an average home in Mosman, and how this has only risen in the last year.

2018 Average house price: $3513250

2019 Average house price: $3737500

Bellevue Hill

More like a gated community for the wealthy string pullers than an actual suburb, Bellevue Hill has always been priced well out of the realm of an ordinary person. Is it really such a surprise that in 2019 average house prices continue to rise?

2018 Average house price: $5358000

2019 Average house price: $5700000

Sydney has long been an expensive city to live in. Housing affordability has been at the forefront of conversation for many years, and it seems that finally, we are seeing some relief. While some suburbs remain the realm of the rich, in 2019 we are finally getting our city back.

Saving money is often a matter of making it a priority. However, despite how much people may want to make room in their budget for things they’d like to buy, saving money may not come naturally to them.

All of the details that go into finance can be overwhelming. Therefore, it’s easy to give up altogether. However, saving money can be easier than you think. It all comes down to making small, consistent efforts to cut your spending back.

With enough practice, the art of saving will come naturally to you. Here are some of the best saving tips to get you started.

Buy Used

Rather than going out and buying the latest shiniest model of something, consider buying used. Whether it’s clothing or appliances, you can find items that are practically new for a fraction of the cost if you’re willing to look for them.

Buying used may involve a little more risk; however, if you buy your goods online, there are many sites that offer a buyer guarantee. As a result, you’ll feel less uneasy about taking a risk.

Use Coupons

Coupons are a popular way of saving money on purchases. It does involve some time commitment searching for them and using them before their expiration date arrives.

There are all ways to find coupons from signing up for promotional emails, to receiving newsletters, to looking at sites like Groupon. There are even apps available now specifically made for coupon hunting.

Shop Around

Instead of settling for the first price that you find, you should compare prices with several different stores and websites. By looking at several different options, you can find the best possible price for the best product.

Websites like Amazon also provide client reviews of verified purchases. That way, you know if you’re buying a quality product or not.

Take Advantage Of Reward Points

There’s nothing like a good rewards program to save money. Certain stores and credit cards allow you to accumulate points. In return for the points, you get back reductions or even cashback. If you tend to always shop at the same stores, you should inquire whether they have a rewards program or loyalty card.

Avoid Your Spending Triggers

Many people aren’t able to save as much money as they’d like because they can’t stop spending. One of the best ways to cut back your bad spending habits and reduce impulse purchases is to avoid exposing yourself to your common triggers.

If there’s a store you pass on your way home from work that you like to spend money at, try to take a different route. If you can’t resist a sale on your favorite online store, then unsubscribe from newsletters!

 

Tyler Tysdal has spent his life in the world of business investment, he is a fund manager currently but throughout his career he has been an investor as well as someone who manages investments. IT is for this reason that we caught up with Tyler to ask him about some of the most common questions which we get here, mainly around private equity. Now let us best answer those common questions which you guys ahem been sending us, with Tyler at the helm.

What is Private Equity?

Private equity is an investment vehicle which sees large funds invest capital in a business which needs help. These established businesses may be looking for capital so that it can seek growth and an expansion, or they may be in difficulties and that is why they are trying to raise capital. Private equity investment companies both inject this capital and impact opportunities using their experience and their business knowledge.

Why Can’t Companies Borrow Money?

A well established company which needs money could certainly borrow money from a bank or sell shares to raise funds, but the money is not only what they are looking for. These businesses also want someone to support them in their efforts and this is why they will usually place someone from the investment team on their board.

Is This the Same As Venture Capital?

There is a common misconception that private equity is the same venture capital but there are some key differences between the two. The main difference is that venture capital is the backing which is given to a young company like a start-up, rather than investing in an already established business. There is bigger risk involved in venture capital and the percentage which the investment can yield is much smaller than when investing in a business which is established.

What Is The End Game?

Most private equity firms will look to inject cash in a business and help to run it, playing a key role in the decision making process. The end game for these investment companies is to eventually sell their share in the company for a profit, which will then be shared amongst the other investors. Occasionally a private equity company may wish to to buy out a division of a company 100%, especially if it isn’t working for the business, but generally the end game is to get in, improve and then get out for a profit.

Where Does The Money Come From?

Most of the money from private equity firms comes form high wealth individuals but in the main the cash coms from savings accounts and pension funds from the likes of teachers, police and fire fighters. These high volume funds make the perfect source of cash for these private equity firms and the low risk strategy is why they are able to use it, because they almost always help that fund to grow.

 

Despite the huge amount of benefits which you can get when you use a website like Cashback World, there are still so many people who are oblivious to what cashback is and how they can make the most of it. I would go as far to say in fact that this is one of the best kept secrets in retail and it is time that many more people unlocked the true value of what cashback can do for them. If you are looking to save some money on your weekly shop then here why you need to ensure that you are taking advantage of this great opportunity.

What is Cashback?

Cashback is actually very simple, it involves you getting a percentage of money back for products which you have bought. The cashback website will feature an array of products which are eligible for cashback, you buy them at full price and then get a percentage of that money back once you do, it is that simple.

Everyday Brands and Products

Many think that cashback websites will only feature obscure oviducts which they are unlikely to buy or large products which won’t help them very much. The truth couldn’t be more different however and the bulk of the products which these websites offer are those which you are likely buying each week anyway. They want people to take advantage of these offers which is why they will feature products and brands which people buy on a weekly basis. If you don’t use these sites then you are probably buying products at full price when you could be saving instead.

Ease of Use

Something else which puts people off using cashback sites like Cashback World is that they think it is difficult do or that it involves a lot effort from them, this is also untrue. The fact of the matter is that all that is really required from you is that you sign up to a cashback website, pay a small membership fee which gives you access to these exclusive offers, and then you simply need to see what offers are available, choose which you want and then go buy them. Once you have bought the item simply show proof of purchase then get your money back.

Real Cash

Another popular misconception about these sites and offers is that they give you money back in vouchers or in store credits, but it really isn’t like this. You can shop and take advantage of these offers safe in the knowledge that you are going to be given real money back for your purchase. Once you get the money back in your account you can withdraw it to your bank without any limitations or requirements, or you could keep it in the account and use that money on online offers which give cashback.

This is a fantastic service which will guarantee that you save big on your weekly shop, now is the time to get started.

 

On a range of 300 to 850, a credit score of 700 is considered to be a good one. Using the same scale, a score of 800 is regarded as excellent. Most credit scores fall within the range of 650 to 700.

A higher score means that creditors will regard you as someone who makes better credit decisions and this boosts your credibility. This makes creditors believe you will be able and willing to pay future debts according to the terms of the loan.

Lenders, including banks that give mortgage loans, use credit scores to make decisions about offering you credit, as well as the conditions of the offer (such as interest rates). Other organizations like credit card companies, and even car dealers use credit scores.

There are several scoring systems, but the two most commonly used systems are;

· FICO

 

In this credit scoring system, ratings are based on individual scores obtained from the scoring chart. A higher score means a higher rating and thus a greater chance of obtaining credit.

For example, a score within the range of 670-739 is considered good, and only 8% of applicants in this range are likely to stop being law-abiding in the future. Applicants with a score ranging from 800-850 are considered exceptional and they always get the best rates from lenders.

 

· Vantage Score

 

This credit system is FICO’s closest competitor and it also ranges from 300-850. Lenders also use this scoring system to evaluate an individual’s eligibility.

A vantage score within the range of 661 to 780 is considered good. Applicants who fall within this range are likely to be granted credit at reasonable rates. Applicants with scores ranging from 781-850 will most likely get the best rates with the most favorable terms. Get special info on how to improve your credit score with the finest tradelines today.

 

 

FACTORS THAT AFFECT YOUR CREDIT SCORES

The different scoring models have different factors that influence a credit score. Generally, a number of components in a credit report can have effects on overall credit scores. These components include:

 

1. Credit utilization rate

2. Total debt

3. Public records such as bankruptcy

4. Records on payment of loans and credit cards, including how overdue the loan was before being paid.

 

HOW TO IMPROVE YOUR CREDIT SCORE?

To have a good credit score, you need to develop good credit habits and be consistent with them.

Some good habits that will help build your score include:

· Pay bills on time

 

Your payment record is the most important factor when evaluating a credit report. You give yourself a big chance of obtaining credit when you pay bills on time, at all times.

 

· Credit Utilization

 

This factor has the second biggest effect on your score.

It is advisable to keep your credit card balances well below your credit limits. Expend credit lightly.

 

· Increase the time-frame between credit applications

 

When you apply for credit, credit checks are done to evaluate your eligibility. These credit checks cause your score to drop temporarily, and several credit checks within a short time can accumulate and reduce your score significantly.

 

· Update your credit report

 

Create time to monitor your credit report, and make changes to out of date or irrelevant information.

 

 

A GOOD CREDIT SCORE CAN GET YOU:

1. A mortgage

2. Credit with a decent interest rate

3. A desirable car loan

 

So, a good credit score comes in handy, whether you plan on getting credit or not.