Read full blog here.
In this insightful episode, Stuart dives into the critical factors to weigh when upgrading your home - a decision with both significant lifestyle and financial implications. He emphasises the importance of approaching it with an investment mindset, aiming to purchase a high-quality home that aligns with your aspirations while also maximising long-term capital growth potential.
Key topics explored include strategically stretching your borrowing capacity to afford the best property possible without overextending yourself. He provides guidance on evaluating whether to retain your existing home as an investment, the ideal sequence of buying before selling, financing options like bridging loans and assembling the right professional team.
Stuart underscores the need to remain as unemotional as possible throughout the process, leveraging the objectivity of experts like buyers' agents. He also addresses skillfully timing real estate market cycles to optimise buying and selling decisions.
With valuable real-world insights, this episode equips you to confidently navigate the complexities of upgrading your home. Maximise this impactful investment by considering all angles - from finances and tax implications to lifestyle priorities. Don't miss the expert advice on transforming your home upgrade into a wealth-building opportunity.
If this episode resonated with you, please leave a rating on your favourite podcast platform. It helps me reach more incredible listeners like you. Thank you for being a part of this journey! :-)
Click here to subscribe to Stuart's weekly email.
SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here.
Work with Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.
Follow Stuart on socials: Twitter/X and LinkedIn.
IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.
Which industry super fund do I recommend? Review of returns for 2022/23
Know when to hold 'em, or when to fold 'em
Laying the Foundation for Wealth: A Guide to Successful Investing
Should you invest or repay your home loan? A long-term perspective...
Decoding Homeownership: Financial Implications of Renting vs Owning, Tax Exemptions, and More
Surviving the high interest rates: tips to navigate the next few months
Borrowing capacity isn’t enough to invest in property? What to do…
Navigating Stubborn Inflation: Risks, strategies, and portfolio construction for a possible decade of rising prices
How much money should you give away now?
Does household income drive property prices?
The news is mostly bad for commercial property investors
What is more tax-effective, investing in property or shares?
Tips on how to maximise your borrowing capacity
Will Melbourne’s median house price exceed $2m by 2033?
My investment philosophy is based on 4 principals. What is your investment philosophy?
The typical life cycle of an investor
Property investors need to be fussier! Here's why...
Are index funds still outperforming?
How to buy the highest quality property within your budget
A recession in the US will crash stock markets! What to do before that happens
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast