Gearing is a term used when you borrow money to invest in an asset such as an investment property. Negative, neutral and positive gearing describe whether you’re making a profit or loss, or if you are breaking even after you borrow money for its purchase.
Working for yourself can bring a lot of freedom, but the reality of running a business isn't always easy. Challenges include securing a reliable income, keeping expenses under control and staying on top of paperwork. When you add the hassle of securing a home loan, things can feel quite overwhelming.
If you’ve been house hunting for some time, you’ve probably heard of conveyancing. But it’s not until you’ve found a place to call home and have had an offer accepted, that you’ll learn how essential it is in becoming a homeowner.
As a homeowner, you can usually rely on the value of your property going up over time. But when significant events impact our economy a property downturn could happen, learn what you can do if your home is in ‘negative equity.’