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Migrating to another country is a big step to take, but thankfully you’re not alone. The information here will help you better understand what you need to do and when.

Move to Melbourne in five steps

There has never been a better time to move to Melbourne. Follow the five key steps below to migrate to Melbourne and settle in more comfortably and then find out more about:

Step 1: Research your employment options

Getting work

Knowing what employment opportunities are available is important to achieving job security. We have plenty of information prepared for you to help you find a job in Melbourne and Victoria.

You don’t need to buy your forever home to grow your wealth. Here are some alternative ways to use your savings and make money.

As house prices skyrocket to eye-watering heights around the country, many young Aussies are wondering if they are ever going to get on the property ladder.

The news on housing right now is rather grim. Sydney house values surged by $50,000 in just one month and the Melbourne market could be headed towards a median home value of $1 million by Christmas.

Thinking about purchasing an investment property? Real estate has produced many of the worlds wealthiest people, so there are plenty of reasons to think that it is a sound investment. Experts agree, however, that as with any investment, its better to be well-versed before diving in with hundreds of thousands of dollars. Here are the factors and challenges you should consider before buying your first rental property.

Key Takeaways

• Investing in rental property can be lucrative, but it can come with many challenges.
• Borrowers usually need to secure at least a 20% down payment for a rental property mortgage.
• Being a landlord requires a broad array of skills, from understanding basic tenant law to fixing a leaky faucet.
• Experts recommend having a financial cushion in case you dont rent out the property, or if the rental income doesnt cover the mortgage.

Decide If Youre Cut Out to Be a Landlord

Being a landlord can be a good way to earn real estate income, but it’s not easy or glamorous. In addition to choosing the right property, prepping the unit, and finding reliable tenants, there are always maintenance hassles and headaches.

Do you know your way around a toolbox? How are you at repairing drywall or unclogging a toilet? Sure, you could call somebody to do it for you or you could hire a property manager, but that will eat into your profits. Property owners who have one or two homes often do their own repairs to save money.

You may have more options for breaking into real estate than youd think.

Key Points

• Owning real estate is a great way to diversify your portfolio.
• Buying physical properties isnt the only way to get a piece of the real estate market.
• REITs dont require you to own or maintain property, and theres a huge upside to investing in them.

There’s lot of money to be made in real estate investing. And if you’ve traditionally limited your portfolio to stocks and bonds, owning real estate is a great way to branch out and diversify.

But many people are nervous to dabble in real estate investing for one big reason: They don’t want to take on the risks of owning physical properties. And that’s understandable.

When you buy properties, there’s the potential to make money by collecting rental income and also by holding on to those properties until they appreciate in value and then selling them at a profit. But buying physical properties also means having to pay to maintain them, not to mention bearing the risks that come with relying on rental income.

There are an endless variety of ways to invest in real estate, from taking out a home mortgage to building a property empire that spans the country. While the latter is probably out of reach for most of us, there’s no shortage of other options. Whats more, not all of them need to involve the headaches of financing and maintaining rental properties. Here are five strategies for adding real estate exposure to your investments.

1. Real Estate Investment Trusts (REITs)

If you’d like to invest in real estate immediately, with as little money as possible, take a look at real estate investment trusts (REITs).

These public companies raise funds by selling shares of stock and issuing bonds, and use the proceeds to purchase and lease out real estate assets like shopping malls, office buildings, apartment buildings and warehouses. REITs are required to pay out nearly all of their after-tax profits to their investors as dividends.

Saving for a down payment on a house is no easy feat.

In some markets, saving up a full 20% down payment can be a huge sum. For big, long-term goals like this, investing might seem like an ideal way to make money grow quickly.

But, investing poses a big problem: risk. Investing your down payment fund isn’t always right, especially if you’re planning to buy in the next few years. Unlike for other long-term goals like retirement, investing isn’t always the right move. Unlike retirement savings, your home down payment savings won’t have decades to recover from short-term market losses.

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Have you ever wondered how you get started in property development?

I’ve recently noticed a trend in budding developers they are looking for an overview of the property development process and they want it in a simple and accessible way.

Are you thinking about getting your real estate license?

Whether you’ve been in the industry for a long time or are looking for a fresh start, a real estate agent license can help you take your career to the next level. It’s the difference between selling real estate on behalf of a broker or opening your own agency and being in control of your destiny.

So where do you start? Right here.

Personal finance experts suggest you keep your rent under 30 percent of your income. But for many young professionals in cities these days, thats a big ask.

Millions of Americans are spending more than 30 percent of their income on rent as prices remain sky-high. In Boston, for example, a one-bedroom costs an average of $2,930 a month. In San Francisco, its $3,360. Even some software engineers at Facebook claim they cant afford rent.

As a 26-year-old professional living in New York, where the average one-bedroom apartment goes for $3,680 a month, I get it.