With extensive experience in podcast producing, audio editing, social media and script writing, Phoebe is a creative powerhouse in the Investor Intelligence team. Her innate interest in creating interesting content coupled with her passion and drive for quality production and storytelling brings life and excitement to the material she produces for Investor Intelligence.
In the wake of this week's decision by the Reserve Bank of Australia to leave interest rates on hold, property investors and other mortgage holders have been offered their first reprieve in almost a year. With economic uncertainty still looming large, this pause in interest rate hikes could be an opportunity for those with outstanding mortgages to make much-needed financial headway and take stock of their current property portfolio.
There are countless benefits to having a mentor, such as being held accountable for your goals and having access to a network of established experts - just to name a couple. But one of the more forgotten benefits of having a mentor is their access to off-market property opportunities, which in todays market is invaluable. Today, and joining me to discuss the benefits of buying off-market opportunities, is Mentor Team Director at The Property Mentors, Herman Benade. You'll hear why buying off-market is more beneficial than on-market opportunities and what having an established network for off-market opportunities can mean for a purchaser.
These days, getting onto the property ladder can seem like an insurmountable challenge with rising costs and stagnant wages making it difficult to save up for a deposit. For many fortunate people, this is where the Bank of Mum and Dad steps in, as parents and family members provide financial support to help their loved ones achieve their goals. But is it as simple as your family gifting you money, or is there more to it? To answer that, I invite mortgage broker, Chelsea Burton and investment expert, Luke Harris to talk about how this arrangement works in practice, the benefits and drawbacks for both sides and some of the realities of relying on family support in today's challenging financial landscape.