Newspaper article The Daily Mercury (Mackay, Australia)

Tips for Buying in 2016

Newspaper article The Daily Mercury (Mackay, Australia)

Tips for Buying in 2016

Article excerpt

SINCE restrictions on lending have come into play, buying property might seem a little bit more challenging.

There are still investment opportunities across the country and buying property continues to be an achievable goal.

Loan Market has provided some tips for those preparing to buy in 2016.

Do your homework

Spend some time researching before you embark on your buying journey.

The Australian property market is made up of vastly different markets and sometimes the smarter purchase is one in a state or region you haven't considered before, according to Loan Market.

Researching can help make sure that you make more informed decisions and can be the difference between a good and a great buy.

Set some goals

Whether you're buying your first or fifteenth property, it's important to know what you want to get out of your purchase.

Buying property -- whether to live in or rent out -- is a long-term investment and is an important step in your financial journey. …

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