Should I Buy a Home and Land Package?

Should I Buy a Home and Land Package?

Real Estate
Have you ever thought about purchasing a home and land package? The packages can be a great investment because you are acquiring both the land and the construction of the home in one purchase with a fixed amount. It is two separate contracts with a combine price, however, there are two types of packages. Build homes and sell them as a complete house and land deal Offer a choice of land and the buyer can choose the features you would like in your new home If you want to build your dream home and design it yourself, it can turn into one of the best assets in your life. The initial purchase includes buying a ‘lot’ of land and then selecting a builder and home design, however, once you become…
Read More
Case Study: Sarah

Case Study: Sarah

Credit File Repair
Understanding the credit default removal process can be quite difficult. It’s a lot of technical terms and legislation that can be hard to understand. It can also be a long process and from the outside it can be frustrating. Here is an example of the credit default process that one of our clients went through and what we did to tell her. One of our clients Sarah, was referred to us by a mutual connection, her friend had previously worked with us and she knew we would try our best to remove her default. The way we start our process is by getting our clients authority to start working on the case and acquiring the default documents off our client (21D and 6C). Once we receive these documents, we look…
Read More
Why Your Organisation Should Help

Why Your Organisation Should Help

Business Consulting
Over the weekend, it was McHappy Day and like most Australians I went to my local Maccas and participated. This got me thinking about the social practices of organisations and how we can all help raise money and awareness for so many charities and foundations through Corporate Social Responsibility. Corporate Social Responsibility refers to an ethical framework that encourages businesses to giving back to society as a whole. A company can do this through methods such as donating money and items or improving their environmental impact. organisations should partake in socially responsible practices because it can lead to benefits such as retaining more business, empowering employees and improving brand image. Why Should You Be Socially Responsible? Attracting Customers Sourcing from ethical materials or donating money to charity attracts customers with…
Read More
Knowing Your Credit Score

Knowing Your Credit Score

Credit File Repair, Finance
A credit score is the way credit providers assess the level of risk a person is towards paying credit such as a loan back. A credit score ranges between 0-1200 with the higher the score being the most likely to repay and the more reliable. Your credit score ranges from: Excellent (833-1200)Very Good (726-832)Good (622-725)Average (510-621)Below Average (0-509) Having a bad credit score can have a negative impact on your life, it can be the reason you haven’t been approved a house or that you have a high interest rate. Most people don’t check their credit score, however, if you want to be approved a loan its important to see what you have and whether you need to improve. One of the largest credit reporting bodies is Australia is Equifax,…
Read More
What Real Estate Should I Invest In?

What Real Estate Should I Invest In?

Investment, Real Estate
A property is land, or any building attached to it and it is one of the most important financial investment a person owns. Buying a house for things such as rent and property appreciation can help build your wealth, however, it can be a long-term process. Some of the benefits of investing in property include having a physical asset, it can increase your income and you can receive tax deductions. There are four different types of property a person can invest in such as residential, commercial, industrial and land. Residential Residential property is building or reselling houses with the intention to create a home. Its primarily used for people who want to buy homes for their families, however, it can be a great investment strategy. A person can make money…
Read More
10 Tips for First Time Renters

10 Tips for First Time Renters

Real Estate
The first time I lived out of home, was an exciting time; living without my parents and being able to eat whenever I wanted and come home and be loud at any time of the night. It was also a scary time, I didn’t have a security blanket anymore, it was my responsibility to organise bills, to shop and to clean the house.  Here are some tips that helped me when I first moved out of home that can help you too! Budget- look into your finances When you first get a home, you and your fellow roommates are responsible for all of the expenses. You do your own shopping; you pay for your own rent and you pay for your own bills. It’s helpful to create a budget and…
Read More
How Do I Start A Business?

How Do I Start A Business?

Business Consulting, Finance
Have you ever been watching films like The Social Network and Jobs and were inspired to start your own business? You’ve thought of a great idea but didn’t know where to start? I know I’ve come up with 20 ideas but didn’t follow through with any of them because I didn’t know whether they would be successful or how to go about it. Through reading different websites and different articles, I have come up with what I think would be the most important steps when starting a business. Who knows, you might be the next Mark Zuckerberg or Steve Jobs. Choose a Business Idea Do you have an idea you are passionate about? The first step in any business is to have a great concept. This could stem from an…
Read More
Are Investment Apps Making Investing Easier?

Are Investment Apps Making Investing Easier?

Finance, Investment
Are you new to the investing world and are unsure where to start? It’s a confusing time trying to understand the stock market or what the different is between a mutual fund and a managed fund is. (Believe me, that took a lot of time). With the introduction of apps such as Raiz and Spaceship, investing has become easier to understand and more accessible. These apps can help kick start your career and diversify your portfolio with one click of a button. Even if you have been investing for years and are an expert, these apps can also help you make money. Here are 4 investing applications to help you build your wealth for the future. Raiz Raiz is a micro investing app that allows you to invest small change…
Read More
Shopping or Networking?

Shopping or Networking?

Business Consulting, Finance
At the start of this month ECON Business Solutions ditched the office and went to Dandenong Plaza to talk to the public about our business. This wasn’t an ordinary event, we wanted to educate potential clients about their finances and offer advice to help their current situation. We attracted their attention through gimmicks like our spinning wheel and marketing material. We recommend doing this for all businesses because it was a direct method to talk to our target audience and market our business. Our goal of the event was to create brand awareness for our business and to gain potential clients. We had our credit management department and our brokers ready to give guidance to anyone that needed it. We also provided marketing material such as flyers and a banner…
Read More
4 Things to Look for in a House Inspection

4 Things to Look for in a House Inspection

Real Estate
Buying a house is one of the special things in your life. Going to inspections and looking at the size of your new backyard or the decor of the house can be a wonderful moment, however, when it comes to buying a house there are more things to consider.  Here are 4 things to look for when you buy a house that could save you money.   Look at the house structure. When you buy a house its important to look at the integrity of the property. If you see any holes in the roof or loose wires it could mean spending more money to fix than what you originally thought. It is also important to focus on whether the house suits your needs such as the number of bedrooms…
Read More