Welcome to Episode 108 of The Numbers Game. In this episode, we take a deep dive into the financial aspects of upsizing your home. From the complexities of the housing market to the balancing act of supporting a family on a single wage, we provide a comprehensive analysis of the challenges and potential strategies for successful homeownership and financial stability.
On this episode, we discuss:
- Real-life circumstances surrounding the upsizing of homes while supporting a family
- The significance of forward planning when considering to upsize or renovate a home
- Financial implications of shifting to a single income, and the need for a savings buffer
- Strategies to upgrade a home, including the maintenance of a savings surplus
- The challenges and costs associated with buying an owner-occupied property
- Exploring the concept of 'rentvesting': buying an investment property while continuing to rent a residence
- Impact of increased interest rates on cash flow for investment properties
- The necessity of a strategic financial plan and professional consultation when making key financial decisions
- The importance of making financial decisions based on personal factors and current market trends
- Working off the facts and having a strategic plan
Check out the free resources from Inovayt here.
Send us an email: hello@thenumbersgamepodcast.com.au
The Numbers Game is brought to you by Future Advisory & Inovayt.
Hosts:
Nick Reilly
Jason Robinson
Martin Vidakovic
This podcast is produced by VIDPOD.
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