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The Best 10 Suburbs in Brisbane for Real Estate Investment Right Now
Editors note: Fine Tuned Finances usually has a US audience, however we’ve seen some demand to cover issues in Australia so we are publishing this here.
Why should suburbs in Brisbane be at the top of your consideration for investment in 2020?
There are the obvious perks of having great weather, beaches, and a bustling arts and music scene. Australia’s newest university is also due to open in 2020 with a campus at Moreton Bay.
Apart from this, Brisbane’s population has increased by 1.43% since 2019 and is set to increase to over 3 million by 2035.
This population boost gives good reason for house prices to be on the rise. As demand increases in suburbs around Brisbane, they become keen candidates for investment.
If you’re ready to take advantage of this predicted increase in property demand, here is a rundown on the top 10 areas of Brisbane to invest in.
- Springfield
With Springfield’s plans to expand its CBD to a massive 2.6 million square meters of public facilities, it’s difficult to look past.
Investment into Springfield’s commercial and care facilities are expected to top $85 billion.
It goes without saying that with this kind of investment into public assets employment will be on the rise, likely taking real estate value with it.
- Keperra
Keperra is a family-friendly suburb 9km north-west from Brisbane CBD.
With a much lower entry point of $550,000, Keperra is one of the more affordable options for first home buyers and investors.
Mitchelton is only 2.6km away, holding a median house price of $660,000. It is likely this will end up having a positive impact on Keperra’s property market.
Other factors to consider are Keperra’s above-average family income and high rate of employment in health and social care.
Having a train station is another plus as suburbs with access to train services have increased 40% in value over the past 10 years.
- Stafford Heights
Stafford Heights is another affordable option for first homeowners and investors with a median sale price of $620,000.
The fact that it is only 8km from Brisbane’s CBD is another bonus for accessibility to amenities. These include a plethora of primary and secondary education facilities.
The Prince Charles Hospital, Westfield Shopping Centre, and restaurants are also easily accessible.
- Bridgeman Downes
Bridgeman Downes has a median house value of $785,000. This, along with its rising population, increasing rent, and low property vacancies, makes it a low-risk option for investors.
It’s also 85% owner-occupied which gives it the vote of local residents seeking quality of life as well as a worthwhile investment.
Being only 13km from Brisbane’s CBD also ticks Bridgeman Downes off for the convenience of amenities factor.
If you’ve found that this is an opportunity you are not prepared to risk losing, these mortgage brokers will help you secure your place in this suburb.
- Everton Park
The median house price in Everton Park is $615,000 which puts it in the more affordable price range for families and investors.
Everton Park is known as a lifestyle suburb with easy access to the popular ‘foodie laneway’ as well as parks, shops, and retail stores.
Lifestyle suburbs attract renters and buyers who are looking to establish their families. They are serious buyers who won’t throw their houses on the market at the first sign of trouble.
- Tarragindi
The Brisbane suburb of Tarragindi is just 8.3km to Brisbane’s CBD with easy public transport via busses to the city. This suburb is also well suited for families looking for easy access to shops, parks, cafes, and restaurants.
Tarragindi is further up in the median house price range at $791,250.
If you are looking for a safe bet for your family home and have a bit of extra cash, Tarragindi is an option definitely worth exploring.
- Ashgrove
Ashgrove is an area with favourable demographics when it comes to family incomes and job security. The majority of people work in education, healthcare, and technology industries.
Also home to Ashgrove State School and many others in the catchment, education is an appealing factor for families.
Just 5km from Brisbane’s CBD, it’s little wonder that Ashgrove has a median house value of $979,000.
- Chermside West
This area of Brisbane is 9-10ks from Brisbane’s CBD with the appealing factor of being 80% owner-occupied.
Chermside West is evolving as it is being occupied by a younger demographic, possibly to take advantage of the state school catchment.
The west also has a much higher median house price of $625,000 and is a high demand area for real estate. This is in contrast to Chermside, which has a median house price of $580,000 coupled with low demand.
- Cannon Hill
This suburb is just 7km from the CBD and boasts plenty of parklands, schools and a train line into the city for employment prospects.
It has a fairly even split between landowners, purchasers, and renters.
Between 2011 and 2016, Cannon Hill saw a reasonable population growth of 23% with the weekly family income taking a leap over the past decade.
Most common jobs are health care, social work, construction, and retail, making Cannon Hill sturdy ground for job security.
- Mansfield
Mansfield has a reputation for high-quality schools, which is a major drawcard for families. About 51% of occupants are families with young children.
Mansfield is only 10km from Brisbane’s CBD. It is likely that the huge investment in the cities facilities will boost Mansfield’s popularity.
A median sale price of $691,000 isn’t unrealistic for younger families, especially being so close to employment in the CBD.
Final Notes on Suburbs in Brisbane for Investing
Brisbane is currently the hot spot in Australia for investors. This is due to its population growing so rapidly and huge investments into public facilities and infrastructure.
Making a good property investment always comes down to varying personal and financial factors.
Suburbs in Brisbane have all the right ingredients for a rewarding investment. It still pays to personally inspect property before purchasing to avoid unwelcome surprises.
Want to learn some other helpful real estate tips?
Make sure you take a look at the rest of our blog. Here are some of our best articles:
Bring Your Lunch To Work and Save A Ton Of Money
5 Reasons You Need a Financial App to Boost Your Business Growth
Do you have a business? Perhaps it’s been around for a few years now and you’re making a steady profit or perhaps you’ve just launched and you’re looking at ways you can grow?
Embracing technology could be a great way of making more money and growing your money. A financial app could help you budget and can even give you financial advice.
Here’s what you need to know about the best finance apps.
- Help You Budget
There are many financial apps out there that can help you budget. Apps like Yolt and Wally allow you to track all of your purchases and outgoings and to see how you can reduce your spending.
This is important if you want your business to run more effectively. It could be small changes like realizing your office spends $100 over a month on ballpoint pens because employees keep losing them. You could then tell your employees to be more careful and not to lose their pens.
Some employees like to treat their employees by offering them free tea and coffee. It might sound like a small expense that will be easily covered but if you have bought an expensive coffee machine with reliable cartridges you can soon find yourself spending thousands of dollars over the month.
A budgeting app will help you see clearly what your spending is on individual items as you can break down your spending into different categories and see your money spent in different forms such as pie charts.
- Integrate With Your Business Bank Accounts
Some business apps can be integrated into your business bank accounts to enable you to do your budgeting automatically.
Multiple employees can add their business spending accounts to the main business account so you can see clearly what is happening in your business and who is spending what.
It is easier to see if one employee is overspending and needs to be told to tone it down or even if one employee is using the company debit and credit cards for their expenses.
These budgeting apps can also be accessed using a mobile phone instead of a conventional computer. This means you can track your spending on the go and can get a notification anytime anyone in the business uses the company credit or debit cards.
Alternatively, if you do want some financial apps for computers, be sure to check out this site to give you some ideas:
https://setapp.com/lifestyle/the-best-personal-finance-apps-for-mac
These apps also make it easy to freeze a card at any moment so if you suspect an employee is committing fraud on the company account you can freeze them out straight away.
- Keep Track of Expense Receipts
One of the most irritating things about running a business is keeping track of your expenses. A finance app can help you do this. New fintech or neo banks like Revolut and Monzo which have business accounts, have a feature where you can take a photo of your receipt and add it to a transaction on the app immediately.
If all of your employees use the app then you can make it company policy that they have to take a photo of their receipts and add them to the app.
This way when it comes to organizing and filing expenses, HR and the accounts department will love you. All they will have to do is log onto the app and see the receipts.
The apps store all of the receipts in the cloud so there is no need to worry about running out of space on your mobile phone or tablet.
- Give You Business Advice
Financial apps are also very good at giving businesses advice to help business owners just starting to learn about how to make more money and improve their businesses.
There are many apps that act like courses where you can take lessons every day that can improve your knowledge and help you succeed at business with things like an understanding of how the stock market and even trends for bitcoin in 2020.
- Practice Trading on the Stock Market
Another reason financial apps can help boost your growth is by helping you practice trading on the stock market through trading apps.
Trading apps allow you to set up an account and practice purchasing stocks and shares for free. You actually don’t buy the stocks and shares but the app pretends that you have so you can see what happens in terms of the price.
Many business owners who want to trade on the stockmarket spend a year practicing on trading apps before they make the move to buying stocks and shares for real so that they don’t lose money. Apps like Trading 2-1-2 are popular.
Digital banks now also offer an option to buy stocks and shares in different companies and trade foreign currencies.
A Financial App Can Be Great For Helping You Manage and Grow Your Business
Financial apps are great for managing and growing your business in so many different ways.
Fintech apps can help you track your business spending for multiple accounts from the comfort of your mobile phone and you can even make your accountants’ life easier because you can take a picture of all your receipts and attach them to a particular expense.
Trading apps like Trading 2-1-2 can also help you practice trading on the stock market without losing any money so that in time you can become a master FX trader that can make serious money.
Some business apps also give invaluable advice and knowledge about basic principles like knowledge of how the stock market works.
If you are interested in reading more about a financial app or the best financial planning apps be sure to check out the rest of our site.
For more of our great articles, read these:
The Three R’s of Budgeting Your Money
Bringing Lunch To Work Saved Me Lots Of Money
What Is Taylor Momsen’s Net Worth
5 Tips for Building Your Credit Score
The latest figures show the average American FICO credit score is 703 out of a possible 850. Credit scores reflect your payment history, credit-to-debt ratio, length of time you’ve had credit, and activity on your credit accounts.
Getting a loan is much easier for those with average to above-average credit scores. Are you saving for a new home? You’ll need a good credit score for a mortgage.