Its My Home : 2017
3 IT’S MY HOME W ELCOME to the third edition of It’s My Home. At Genworth, we understand that buying a property, whether to live in or as an investment, is a challenging and sometimes overwhelming experience. We have created It’s My Home, with its mix of educational and lifestyle stories, to guide you through this process. Our mission for over 50 years has been to provide Lenders Mortgage Insurance to support Australians to realise their dream of homeownership. It’s My Home is one of a number of resources we have created to help you navigate this journey. Another is our recently launched Buy or Rent Calculator, designed to help you gauge the financial implications of renting versus buying your own home. Inside this edition you will find information to help you budget and save your deposit, a step-by-step guide to buying property and what to look for before you decide to buy, including some specific considerations if buying property as an investment. Once you have settled there are tips from a celebrity renovator on how to update your new property without stretching your budget too much and some upcycling ideas that are both cost effective and creative. To help manage your ongoing costs we have included some energy efficient tips to help reduce your water and energy costs, whilst also reducing your carbon footprint. We would love to hear your thoughts about our magazine and the Buy or Rent Calculator so make sure you enter our competition to win a $5000 Freedom voucher. For any other feedback, please feel free to drop us a note at itsmyhome@ genworth.com DISCLAIMER This publication has been produced by Genworth Financial Mortgage Insurance Pty Ltd (‘Genworth’) for your information, personal enjoyment and education. This publication may also include content which is owned by third parties (‘third party content owners’) and that has been provided to Genworth for publication. Opinions expressed in this publication are of the writer or contributor and do not necessarily reflect the view of Genworth or its affiliates. This publication covers a variety of topics including property, insurance and other financial products and services. Although some of the information involves tax, stamp duty, legal, accounting, financial or similar issues, Genworth, its affiliates and the third party content owners (as to their materials only) (‘we’) are not in the business of offering such advice and nothing in this publication constitutes such advice. You must consult with your own professional advisers to examine the legal, tax, accounting or investment aspects of any information presented in this publication and how they may affect your particular situation. The information also does not contain all of the applicable terms, conditions, limitations or exclusions of the products or services described. We expressly disclaim all responsibility and liability for any action or inaction by you in reliance or partial reliance on any material, information, opinion or advice in this publication or referred to in this publication. The information in this publication is current as at the date of publication but may change without notice. We are under no obligation to update the information or correct any inaccuracy which may become apparent at a later date. We do not take any responsibility for any reliance on the information contained in this publication or for its reliability, accuracy or completeness. Nothing in this publication is an offer by or on behalf of Genworth or its affiliates to sell, or solicit an offer to buy, any security or financial product. COPYRIGHT NOTICE All copyright in the contents of this publication belong to Genworth, its affiliates and licensors or to third party content owners. All rights are reserved. To the extent permitted by law, no part of any materials in this publication may be reproduced or transmitted in any form without the express written consent of Genworth. ‘Genworth’, ‘Genworth Financial’ and the ‘Genworth’ logo are service marks / trademarks of Genworth Financial, Inc. and are used pursuant to a licence. PUBLISHER Genworth Financial Mortgage Insurance Pty Limited ABN 60 106 974 305 Level 26, 101 Miller Street, North Sydney NSW 2060 email@example.com genworth.com.au CONTRIBUTORS Mark Alston and Guy Turland (Bondi Harvest) Cherie Barber (Renovating for Profit) Tammy Barton (MyBudget) Chris Gray (Your Empire) GEORGETTE NICHOLAS, CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR, GENWORTH AUSTRALIA Frontcoverimage:Freedom,Flaunter.com Helping Australians achieve the dream of homeownership for over 50 years Find out how at genworth.com.au Genworth Financial Mortgage Insurance Pty Limited • ABN 60 106 974 305 • ® Genworth, Genworth Financial and the Genworth logo are registered service marks of Genworth Financial, Inc and used pursuant to licence • © 2016 Genworth Mortgage Insurance Australia Limited. All rights reserved. IMHMA102016. Helping Australians achieve the dream of homeownership for over 50 years Find out how at genworth.com.au Genworth Financial Mortgage Insurance Pty Limited • ABN 60 106 974 305 • ® Genworth, Genworth Financial and the Genworth logo are registered service marks of Genworth Financial, Inc and used pursuant to licence • © 2016 Genworth Mortgage Insurance Australia Limited. All rights reserved. IMHMA102016.