Question: We currently have a $80,000 balance on the mortgage of our principal place of residence. We have $80,000 in a 5 per cent savings account with one of the big four banks and wonder how we could get more for it. Should we use the $80,000 savings to pay off our mortgage or we …
Should I take the risk to buy an investment property or just leave the money in a term deposit?
I think one of the most fundamental decisions any property investor has to make is whether to invest in property or term deposit, i.e. “how much more will I make with my money by taking the risk and buying a property and is it worth it or should I leave the money in a term …