2 Minute Home Loan Budget for First Home Owners

Working out what you can afford to spend on a mortgage when you're looking at buying your first home is extremely important, more important than working out what the banks will lend you.

The following 2-minute video discusses why this is the case and the easiest way to work out how much you can afford to spend on a mortgage.

Interest Rates Hold Steady

Interest rate update - RBA has left interest rates on hold for another month. The Australian stock market has been turbulent not to mention the world markets. The property market is also still solid with auction clearance rates slightly lower and still solid over the past few week.

No doubt, the stability in interest rates will be very much welcomed.

Avoiding the Money Obsession & Enjoying Life

Money. It's an obsession in today's society, for most people. And the amount of income you have doesn't change the depth of the obsession, it's all down to your mindset. I'm passionate about having money work for myself, my family and those I deal with without having to focus on it 24x7.

It all comes down to working out what you want (critical step), determining how much money you need to do those things, setting a plan and working the plan.

I think about finance and property for other people 8 hours a day, 5 days a week, so I want to think about other things when I'm at home! So, for me, the plan needs to be as simple as possible and once in place, should require minimal ongoing input.

Personally, I like investment properties. I can set them up, put a good agent in place and forget about them. A small initial time investment and then I can sit back. Too easy.

What investment vehicle are you interested in or do you prefer? Work out what it is, make a plan, set it in motion and then focus on enjoying life!