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What are your financial goals for 2022? 

What are your financial goals for 2022? 

What are your financial goals for 2022? 

With a New Year upon us, now is the time to focus on your financial goals for 2022. 

While this year is off to a somewhat rocky start thanks to the Omicron wave, you shouldn’t let it distract you from your financial goals. Here are some potential New Year’s resolutions and the best way to achieve them. 

I want to move house this year…

If you’re looking to upgrade, downsize or relocate this year there are several things to consider. 

First things first, you should get your home valued. Reach out to the Orium team to organise a free bank valuation. Prices skyrocketed across the country in the last 12 months, so you may well have built up equity in your home which you can tap into. 

If you’re buying in Sydney, it appears there might be a larger selection of properties hitting the market as the buying frenzy of previous years begins to subside. Our team can help you work out what you can afford to borrow, so you can focus on what you want in your next home.

I want to build wealth this year…

If like many Australians, you’ve saved more money in the last two years than usual, it’s an excellent time to deploy your savings into building wealth. Investment markets remain strong and with inflation on the rise which is pushing up asset values, now could be the ideal time to expand the portfolio.  

Start by reviewing your financial goals. Do you want to save for your retirement or plan for some big future expenses such as funding your children’s school fees?

It might be worth speaking to a financial planner to consider the best ways to build future wealth. For example, borrowing to purchase a property that is cash flow positive might allow you to build wealth as you benefit from the long term capital appreciation of the property. Borrowing to invest in shares over the long-term could also allow you to build wealth, as many investors believe the returns from shares outweigh the costs associated with borrowing to invest.   

Our team can look at borrowing strategies to release equity for investment into shares or additional properties, however, as always it pays to speak to an expert to ensure this fits with your overall wealth objectives. 

If Sydney is cooling, where is the best place to invest…

Undertaking your due diligence into which property markets have low vacancy rates, strong income returns, and perform best from a capital growth perspective – can be the difference between creating an underperforming or high performing property investment strategy. With the Sydney market beginning to stabilise, it may be worth looking interstate into other property markets that are in a more aggressive growth cycle such as Brisbane. Our team can introduce experts that assist with your journey of developing a property portfolio. 

I want to explore fixed rates with inflation on the rise…

Now is a good time to look at what rate you’re paying on your home loan. With inflation on the rise and rates tipped to rise further, now could be a good time to explore your mortgage structure and what fixed rates are available for your situation. 

While our team aims to reach out and speak to all our clients regularly, should you wish to discuss your borrowing strategy for 2022, then please get in contact with us. Speak to the team at Orium Finance today.

Speak to our team today to see how you can achieve your financial goals.

One of our mortgage brokers will contact you to discuss the following:

  • Get to know your financial objectives
  • Help you to understand your borrowing capacity
  • Take you through how we can assist you with your finances

We look forward to hearing from you – please enter your details and we’ll be in touch shortly