The Ultimate Guide to Melbourne Suburbs

Lori Phillips LifeStyle

If you’re looking for a way to stay close to the hustle and bustle of a big city, while not being in the thick of it all the time — suburbs are the way to go. However, you have to consider your lifestyle and needs, and figure out whether they fit into the suburb you’ve chosen.

To help you out, we’ve created a list of the best three suburbs in Melbourne and separated them into three distinct categories. Hopefully, by the end, you’ll be able to find one that suits you perfectly.

Best Melbourne Suburbs

 

Brunswick — Best for Students and Youth

 

Despite being one the oldest suburbs in Melbourne, Brunswick is now the place to be for younger people. Moreover, it’s the hub of arts, and its residents tend to be quite creative. Additionally, it has a rich bohemian culture, exciting music scene, as well as some great shopping and dining spots.

Because of this, and the fact that there are several secondary and tertiary schools nearby, the city’s population largely consists of students. Also, it doesn’t hurt that Brunswick is very walkable, and has a well-connected public transport. Not to mention, there is a big number of recreational spaces in the suburb and surrounding areas.

So, whether you’re a student or an aspiring young artist — you surely won’t go wrong with Brunswick.

 

Wyndham Vale — Best for Working People & Families with Kids

Wyndham Vale is a scenic, quiet, suburb within driving distance of Werribee and the Melbourne CBD. Here, you’ll find plenty of new estates, schools, a few shopping malls, and a lot of friendly people that call the suburb home.

One of the best things is that there’s also a great deal of land for sale Wyndham Vale, which allows you to get a property at a fraction of the price. So, plenty of working people, as well as families who dream of owning a home are drawn to the area. Additionally, the suburb is constantly developing, allowing homeowners to get a high ROI, after only a few years.

It also doesn’t hurt that Wyndham Vale is surrounded by beautiful nature and well-kept parks..

 

Surrey Hills — Best for Retirees

Surrey Hills is a low-key suburb, completely enveloped in nature. It consists of smaller blocks of homes, with plenty of green spaces all around. Moreover, the tree-lined streets are very well maintained and don’t see a lot of traffic at most times of day and night. The suburb is also close to great schools, and popular restaurants and cafes.

However, the biggest thing Surrey Hills has going for it is its strong sense of community. Here, you’ll always be met with a friendly smile, wave, and a helping hand if you need one.

All of that being said, this is a good area for retirees, but there are no entertainment options here, and it’s a dry area as well. So, young people may not be the biggest fans of Surrey Hills, but the older generations seem to love it here.

 

Final Thoughts

Whether you’re looking for land for sale Wyndham Vale or a rental apartment in Brunswick, we’re sure you’ll love living in these Melbourne suburbs. All of them have different things to offer to different people, but they all share a sense of calm, green spaces and a strong sense of community.

How to find the Right Financial Adviser for you

Loren Morrison Financial Planner

It’s never been more important to use the services of a financial planner Sydney. Unfortunately, these aren’t people you deal with every day and so you can be unsure who to turn to. Remember, the vast majority aren’t used to these services because they haven’t used them before. Financial advisers can offer some of the most important services and they are far more affordable than you think too. So, how can you find the right financial adviser for your finances?

Look at Local Advisers

The best place to start your search for a financial adviser is local. Depending on where you live, there can be several services in the local area. This is probably where you want to begin your search because it’s convenient and local to you. You can also visit the office whenever necessary and sometimes, you can feel reassured too. Of course, it isn’t always possible to have a financial planner Sydney on your doorstep, but if there is, they’re worth looking at.

Understand your Requirements

Financial advice comes in all shapes and sizes. There is ongoing advice for investments and pensions; then, there is one-off advice for those who just want to get their finances in order. A financial planner Sydney can also look into your future finances and more. So, it’s essential to understand the type of service you need. It’ll be far easier to find the right adviser for your if you know what to look for. Know more here!

Get Recommendations or Referrals from Trusted Sources

Do you know anyone who has used a financial planner Sydney before? If so, that may be something you want to look into because you can get a recommended service. Remember, it’s highly unlikely for a friend or family member to recommend a financial adviser they’ve had a poor experience with. You should ask around and you might get a referral to a useful service. Of course, if there are no referrals or recommendations then you must go back to the drawing board but it’s still worth looking into.

Look at their Credentials

Most people don’t think about credentials and end up regretting that decision later. It is crucial for you to look at the credentials of the financial planner Sydney, so you know how competent they are. A lot of people don’t do this because they think it doesn’t matter. However, just because someone is in business, it doesn’t mean they’re perfect or offer a decent service. You must take the time to look at their credentials so you can be sure they offer a reliable financial advice service.

Find the Right Financial Planner Sydney

Financial services remain crucial, regardless of your profession or how much you have resting in your bank. Unfortunately, so many people still don’t utilize these services. For some they believe it costs too much money while others believe they don’t genuinely need them. It’s understandable especially if you don’t have millions behind you; however, financial advice can come in many forms and is important. Find the right financial planner Sydney for you and get the help you need. For more details read our article: https://www.breadandmoney.com/how-to-buy-a-property-in-victoria/

How to Buy a Property in Victoria?

Lori Phillips Uncategorized

There are many reasons to buy a property not just in Victoria, but also anywhere else in the world. Purchasing a home, rental property, or land is considered one of the best investments you can have.

So, for those who are planning to purchase a property in Australia, here are some of the most straightforward steps that you need to follow: 

 

  1. Start at the beginning.
    First things first, you need to explore your potential home or rental business’s location or locations. Do an ocular inspection in the suburbs of Melbourne, Diggers Rest, or any other locations in the state.

    Remember that neighbouring suburbs also have different prices, so make sure to choose the location that’s best for your budget and your needs. You can also visit trusted websites to check on the costs and even talk to an expert property agent in the local area.

  2.  Learn the process of buying a home.
    a. Where are homes sold?
    There are different places where you can find a property to buy. However, the most common are property groups and developers, private sales, and auction sales. In the two latter sources, you can make an offer to the seller. For property groups and consultants, they can help you find the best locations and prices for your property needs.

    b. Inspect the property first.
    Now that you have an idea of where to purchase your house and land packages in VIC, the next thing you need to do is to inspect the property. It would be best if you did this before making any offers to the property vendor.

    c. Get help!
    Let’s be honest, purchasing a property can be both rewarding and stressful. Therefore, we highly recommend that you ask for help, even if you think that you’ve figured everything out already!

    d. Arrange deposits and settlements.
    Once you have agreed with the price, then you need to work on the payments. It usually involves two parts, the deposit, and the settlement.

 

  1. Do you need to borrow money?
    If you need to borrow money, you can also work with financial institutions to purchase your property. You can work with credit unions, major banks, mortgage brokers, and other specialty lenders.

    Generally speaking, these institutions will require the following:
    – Fees and conditions which you need to understand for you to decide whether they are suitable for you or not.
    – Pre-approval of your loan is essential, which is also necessary even before you search for a property.
    – Also, note that there are extra costs when buying a property, and this includes but is not limited to loan application costs, legal costs, building inspection fees, and rates, and other fees.

 

  1. Don’t forget your insurance and utilities!
    Ensure you get your property insurance, which includes insurance for your belongings in the home. Once you’ve got your insurance, the next thing you need to do is connect the utilities to your property. These include electricity, gas, water, internet, and phone.

 

Make sure that you learn and do these steps, and more, before you purchase any property. Talk to an expert today who can help you find your dream investment!

Important Steps When Buying a Property in Australia

Lori Phillips LifeStyle

Buying property is a milestone that many of us aspire to reach one day. It’s life changing but can also be a daunting task that you know nothing about!

It doesn’t matter whether this is your first time buying a home or owning many different properties and looking for property to invest in. The process will always be a grueling one. There are loads of varying factors that you have to take into consideration.

You don’t just get a property – you carefully plan it all out. Here are some of the most crucial steps you have to take when buying a property to help you out on this endeavor!

 

Know If You Are Ready

The first step when it comes to everything is to know if you’re ready or not. Getting a property is a crucial commitment, and you should always look before you leap into it. If you have any feeling of doubt when you ask yourself this question, you probably shouldn’t go for it right now.

However, if you know that you can go all in and are confident in both committing and job security, you can move on to the next step!

 

Check On Your Finances & Finalize Your Budget

The next step is to know how much you have to work with. Have an honest conversation with your accountant to understand what you can afford and how much you can borrow from the bank!

Getting a mortgage shouldn’t be taken lightly – this is a substantial financial responsibility, and you should treat it that way. Ensure you get a copy of your credit file and make sure you don’t have any existing debts!

If your budget is tight, getting Sunbury house and land packages or just a house and land package, in general, can save some cash!

 

Getting a Real Estate/Buyer’s Agent

If you’re looking for land for sale in Sunbury, getting a local buyer’s agent or real estate agent can help make the process a lot smoother and quicker. You can get information about what’s for sale, where the best housing spots are, and even how the property market is currently performing.

 

Choosing The Property

Before going home, hoping to see if the available homes are suitable for you – you must have a mental checklist for what you’re looking for. Taking mental notes on features and requirements that your property must have is key to being content with what you eventually get.

Putting location, public transportation, and community quality in mind while choosing the property for you will ensure that the spot is perfect for living in.

 

Inspecting The Property

Once you start checking out properties, your first impressions will always matter. However, no matter the impression, you consistently have to watch out and inspect it for many things before you cross it off your checklist!

Here are some of the things you have to watch out for:

  • Sagging ceilings – these can be a massive problem in the long run, especially for rainy seasons.
  • Mould – this is always a bad sign and getting rid of it yourself is a hassle.
  • The bathroom – check if the hot water system works and if the plumbing is good!
  • Doors & windows – make sure they all work smoothly,
  • Light and fuse box – make sure every outlet works, and nothing is out of place or damaged!

5 Reasons to Buy a Property

Lori Phillips Investing

At some point, owning a property is a dream that a lot of us have. Whether you’re an adult that wants stability, a new family or a young adult that wants stability, a new family aching to settle in together, or just a business person looking for new areas to invest in, or build a business on.

However, owning a property is a huge milestone and something that you’ll have to live with for an incredibly long time. It’s filled with challenges that you’ll have to overcome and some underlying risks as well.

Don’t let that dissuade you – here are five reasons why you should get a property for yourself!

 

Increasing Housing Prices

Housing prices can be erratic everywhere in the world. Real estate can go up and down in prices, but throughout recent years, they’ve only been going up consistently. If we look at the statistics in key states in Australia, houses sold in Melbourne and Sydney are sold for more than AUD 1 million. 

Buying a property as soon as possible makes you secure a long-term investment that may cost you more in the future.

 

Starting is Easier Than You Think!

A lot of people get intimidated by the thought of buying a property because it can be a detriment, or they might end up not getting a profit. People are afraid of investing in real estate when getting started is relatively easy!

You don’t even have to intend on investing and making a profit to gain a fortune. You can buy a house to live in and observe as the value increases more and more. Make sure to call and buy land for sale in Officer now and get your hands on a property!

 

Selling The Property Above The Initial Value

The value of a house can go up drastically if you give it renovations to make it look better. A quick makeover can make a difference and hike up its price immediately. Though this takes more effort, it’s worth getting a healthy profit from!

 

Properties are Flexible

You can do a lot of things to your property than just selling it off. You can let people rent out your property to gain a steady influx of money, you can turn it into a business, or you could even move in for yourself if you’re in rough patches and need a place to stay in while you build yourself back up!

The property is yours at the end of the day, and the way you use it is limited only by your imagination.

 

Getting Property is a Stable Investment

Compare getting a property to something like the stock market or forex-if you think about it, investing in property is a lot more stable. The volatility of the market doesn’t apply to your property and the probability of the property market crashing over a few hours is improbable.

So, what are you waiting for? Contact your Hillstowe officer now and get your hands on a property in Australia today!

How to Build a Morning Routine That Works for You

Lori Phillips Uncategorized

Building a strong morning routine can boost your happiness and reduce your stress greatly. From waking up at 5 o’clock in the morning to cold showers and lemon water, we’re not saying that these techniques are easy! However, some of them will do down a treat and make you feel like you’re staying in the penthouse suite. Find the tips that work for you, and see what builds your daily joy, productivity and wellness.

According to verywellmind, a morning routine helps you set the tone for day, better allowing you to control your schedule. As you’re able to start the day anew, a morning routine helps you start each day focusing on what’s in front of you, and how best to prioritise your time. Ultimately the goal is to boost your productivity as well as your mental health.

 

Invest in some quality bedding to wake up to

We’re kicking this off with an admittedly potentially costly suggestion, but we promise it’s worth it. Invest in some pure linen sheets in Australia, and you’ll feel like you’re waking up in hotel sheets. A great way to start the day, no doubt. With time, this will feel like a worthy investment as your sheets grow softer and softer with every wash and the right linen care.

 

Wake up early

Wake up at five or six o’clock in the morning, and you will feel like you have so much more time in the day. While it might be difficult to beat that dreaded alarm, you can judge for yourself whether the early start is worth it. But you won’t know if you don’t try!

 

Start your day with a cold shower

Just like a strong cup of coffee, a cold shower is a great way to start your day with a punch. It has benefits for your immune system, also tightening your pores and giving you a burst of energy to tackle your work day with. Pair it with an energetic workout, and a cold shower will also reduce your core temperature.

 

Find movement medicine that works for you

Exercise in some way, shape or form is important. Exercise doesn’t have to be pain and pushing; it can be fun, and just get you moving. Physical health benefits aside, exercise can do much to improve your day to day mental health.

 

Put lemon in your water

Not only is drinking water important – adding a dash of lemon juice or a slice of lemon to your water will give you some vitamin C and give you energy for the day. You can also try adding other fruits to your water such as raspberries and strawberries, if you have trouble drinking enough water – it is important for so many elements of your health.

 

[Conclusion]: We hope these tips have been helpful, and given you some fresh ideas for your morning routine. Ultimately, the most important thing to remember is this: you will always have time in the day for whatever it is that you need to do. Just always remain open to new things, and take time for yourself regardless of what that looks like for you.

Land Investing – Five Steps You Need to Take After Buying a Property

Lori Phillips Business, Financial Planner

Understandably, you might want to take a break after getting through all the details and processes in owning a land property. However, it doesn’t end here. There are still a few steps and some continuous steps you need to do before you can sit back and relax.

It doesn’t take a lot of steps to look after your new property, so let’s start with the basics.

  1. Get a feel of your property.Yes, you’ve been here many times. You’ve considered this your own even if you haven’t really paid for it, but today is different. You already own the property, and you hold the title to the land. So, enjoy this moment.

    Look closely into the property. Identify steep grades or water flows. You can also start looking at the home position while considering the sunlight. Don’t get overwhelmed, and remember to enjoy the process.

  2. Clean the area and pick up trashAs you start looking into your property, it’s also best that you start cleaning it up. It doesn’t really need to happen overnight, but the fact that you slowly undertake to remove and clean junk and weed is already a great start.

    Work with a cleaning and clearing company, when needed, too. Remove and move the debris and other garbage to clearly see the lot as it is. Remember, this is your property, so make the most out of it, even when you’re cleaning.

  3. Establish the boundaries and fenceDepending on whether or not you’re getting a rural land or a perfect block of land in Plumpton, you need to set your property’s boundaries. For rural lands, you can obtain a permit and start fencing your property.

    For lands in the suburbs, check the topographic map of your land and follow the boundaries’ specifications. For temporary fencing, you can use wood. However, you can also start building your home and set boundaries in your area.

  4. Plan your buildingIf you’re not looking to purchase a house and land packages in Plumpton, buying land is a good alternative. Now that you have your parcel of land, work with a team to help you build the home or property of your dreams.

    Do you want to build a house for your family? Are you looking to build a rental property? Regardless of your reasons for purchasing the land, make sure to talk to a contractor who understands and can work on your needs, wants, and budget.

  5. Utility services and other feesThis is an essential aspect of maintaining your land. You should know how much you need to pay and budget for your utilities, water, sewer, and other services.

    Electrical services will also cost you so, make sure to get an estimate even before purchasing the land. Some factors to consider include distance from the power pole, additional power poles needed, and transformer.

    Remember, maintaining your land is part of the package. It’s essential to keep your land and to do all the aspects of the maintenance on time. Don’t wait for any second and ensure that your property is well-maintained and safe!

3 Tools You Need as an Investor

Lori Phillips Business, Financial Planner

If you are just starting out in the world of investment, it can feel overwhelming just trying to decide where best to start. We’re sure you have many questions: where do I start? Should I invest in commercial real estate, or are my interests better suited to investing in residential? Do I need the help of a commercial buyer’s agent, or a residential buyer’s agent? If these questions sound similar to the ones you’ve been asking (or anxiously suppressing), worry not. We’ve brought together the best tools on the internet, which we believe every investor should have in their toolbox. Each gives you a unique understanding of a different element of investing, priming you to step into the market with your best foot forward and a head full of confidence and awareness. Without further ado, here are the tools that every investor needs, whether you’re a beginner or a seasoned pro.

Listen to a Commercial Property Investing Podcast

If you want to be the best and secure long term returns into retirement for you and your family, you need to learn from the best. The generosity of the world’s top investors is paramount, and there are many gold nuggets of knowledge out there waiting to be discovered by curious and questioning minds. One common way that many professional investors and commercial buyer’s agents use to share their knowledge is through podcasts. Property is a popular podcast genre with many avid listeners: rather than sifting through the countless options on offer, we’ll save you the effort. It’s only worth listening to the best property investment podcasts. Why waste your time on a podcast which isn’t the product of years of experience, connections and examining the market?

Use a Rental Yield Calculator

If you’re thinking of investing, or you’re further down the line and have actually found a potential investment that you are seriously considering, a rental yield calculator will give you detailed insights into the way it will perform over a period of the next ten years. Simply input your information into the rental yield calculator, and it will give you information about its forecasted rental returns amongst other key factors. A smart investor knows what they’re getting into, and isn’t blinded by emotion or excitement over a property. The numbers don’t lie, and a rental yield calculator informed by years of experience will be able to help you determine whether you are making the right choice.

Your Wits

Seems simple, and it is. Trust yourself. Do your due-diligence, but if something doesn’t feel right, pay attention to that. Ask why. Enlist the help of a professional, and voice your thoughts to a professional who can verify or deny your investment-related queries with a voice of reason and experience.

We hope this article has helped you – give the tools a try and see if they work for you (spoiler: the last one always does!). With a combination of the right education, the right market factors and the right perception, you can navigate the purchase smoothly, securing you high cashflow for years to come.

Learn How a Financial Planner Can Help You

Loren Morrison Financial Planner

A financial planner is your money manager. He advises you of the best way to achieve your financial goals. Irrespective of your financial goals, these money experts will work closely to accomplish them.

If you work with this finance expert, your life will take a new turn financially. They analyze your financial situation and help you make decisions that could fast track your financial goals.

What’s Financial Planning?

Financial planning involves defining your financial goals in a way that enables you to know when you need the money and what you need it for and come up with a specific course of action to achieve these goals.

Again, a financial planner isn’t a magician. He can’t give you any finance-related advice without getting personal and financial data about you.

They use the collected data to project how you can achieve your financial goals. A financial planner’s projection is mostly based on realistic assumptions of inflation, ROI, your spending habits, your savings ability, and your earnings. Read more!

What Will a Good Financial Planner Do?

A good financial planner will advise you on the following;

  • He will advise you on what to do differently to improve your finance;
  • Based on your current financial situation, he will tell you how much to save.
  • With his experience, he will advise you on the best retirement account to use
  • They will tell the types of mortgage you should have and whether to pay it off or refinance
  • The type of insurance and how much insurance you need to cover. In most cases, your financial adviser will ask you to cover life insurance, long-term care insurance, disability, properties, etc.
  • The amount of money to keep as a precaution (emergency funds)

Depending on your contract terms, your financial planner can also advise you on estate planning and tax planning services.

Again, a good financial planner isn’t reckless. He never recommends any course of actions unless he fully understands your goal and possibly prepares a long term financial plan for you.

What’s a Financial Planner’s Fee?

Financial planners have different fees structure, here’s how are they charge their fees;

  • Per hour billing
  • A fixed fee to complete a particular task
  • Yearly or quarterly retainer fees
  • They charge a percentage of the asset they manage on your behalf. And the percentage is usually between 0.5% to 2% annually. And when you have more assets to manage, the fee reduces.
  • When you buy any financial or insurance product through financial planners, they get a commission.

However, it’s advisable always to ask a financial planner about their fee before you start. And if they claim to be a registered investment advisor, ask for documentary proof. Ensure they provide you with a disclosure document (ADV). The document consists of two parts – the second parts give you detailed information about their fees and any other conflict of interest they may come up with. Click here for more details: https://www.breadandmoney.com/land-investing-five-steps-you-need-to-take-after-buying-a-property/

How Can Liquidation Affect a Company as a Whole?

Lori Phillips Uncategorized

When a company is placed into liquidation, what happens is a crucial sequence of events. First, a liquidator is appointed, whose job is to take over the company’s unsecured assets. Such assets are then sold to raise the funds needed to pay off the creditors. 

In the case of trading companies, there are instances when they might need to shut down, although there are other times when they are allowed to continue to operate for a short time, just until the business is sold. And finally, when the liquidation is accomplished, the company is finally removed from the business registry.

Liquidation can have different effects on the people in the company, depending on their position in the organization. For instance, you can’t expect the liquidation to have the same effects on both the company’s board of directors and the regular employees.

Effects on Liquidation on a Company’s Directors

First, directors are obligated to accomplish a form, stating the following: a brief company history, its trading details, details of the company’s failure and specific reasons why it happened, assets and liabilities, important shareholder information, and any legal claims involving the company (whether by or against). 

Upon providing such information, it is also the directors’ responsibility to help Sydney liquidators find all crucial records and assets as well as answer any questions they might have about the company’s business transactions and operations. Moreover, directors are forbidden by law to remove, hide, or destroy property and records. Violations to this stipulation can incur penalties such as fines and even imprisonment. 

Effects of Liquidation on Employees

If a business is allowed to operate and then is sold, there is a chance that employees may keep their jobs. However, if the company is shut down, then it also means one thing: the employees will have to let go. 

In the case of employees who have lost their jobs, they have the right to file a claim so they can be given due compensation, which can come in the form of their salary, back wages, holiday pay, bonuses, etc. Employees’ claims are usually considered preferential, in that they are often given priority over unsecured creditors’ claim when funds become available. Laid-off employees may also avail of emergency financial assistance from the government while they’re still looking for new jobs. 

Effects of Liquidation on Creditors

Here’s one important note: unsecured creditors are not allowed to take legal action against a liquidated company or even deal with its property and assets unless they seek permission from either the liquidator or the court. 

Secured creditors, on the other hand, may deal with the business’s secured assets. They may also appoint a receiver, if one hasn’t been appointed yet. Any surplus left after the sale of the company or its assets may be paid to the liquidator, who must then create a report to all creditors, highlighting the company’s current financial position at the date of liquidation.