Did you know 1.56 million Australians keep their credit cards a secret?

credit card

A new investigation by credit card comparison website creditcardfinder.com.au has found one in five (20 percent) credit card holders admit to owning a secret credit card or lying about their purchases. That’s potentially 1.56 million Australians.

According to the study, one in seven (14 percent) respondents said their spending has led to an argument.

Those who spend more on their cards (more than $5,000) and make more impulsive purchases were the worst offenders:

[Read more...]

Is retiring mortgage free still an attainable dream

Happy-couple-walking

Not too long ago the Great Australian dream of home ownership was considered a way to fund retirement.

Ask any Baby Boomer and they’ll tell you their parents taught them to get a good education, get a secure job, buy a home, pay it off and voila! You’ll be set for your golden years!

Well… it’s not really as simple as that – it takes more than just one house to fund retirement, but owning your home free and clear in your latter years is a good start. [Read more...]

Jim Rohn quotes – some vitamins for your mind

psychology3

Jim Rohn’s  inspirational quotes are one of the most popular blogs that get read on this site. Now that’s interesting isn’t it because they have nothing to do with property investing per se.

But his philosophy was an important influence on me, so here’s even more of his quotes to start your week : [Read more...]

Guess where Melbourne’s fastest growing region is – it’s almost certainly not where you think!

where's the best place to invest

If you’ve been following my blogs you’ll know I watch demographic trends carefully as I believe our long term demographic trends will shape the future of our property markets more than the short term influences of interest rates or consumer confidence.

So it didn’t surprise me when The Age reported that people are piling in to Melbourne’s central business district at a record rate.

In fact the latest regional population count shows the number of residents living within the CBD jumped an unprecedented 5,400 in the year to June 2013, a growth rate of 23%. The extraordinary boom has made the statistical division of Melbourne City the nation’s fastest growing

And Docklands and Southbank were not far behind, each with growth rates of 15%.

Now don’t get me wrong… [Read more...]

The top 10 reasons to join us at Wealth Retreat this year.

10 top reasons

The Internet and media is full of “Top 10″ lists that were made famous by late-night talk show host David Letterman.

On that note, here’s my TOP 10 reasons why I think you would be REALLY SMART to not delay any further in making your reservations and join us at Wealth Retreat 2014 on the Gold Coast on May 28th – June 3rd.

[Read more...]

Saturday Summary – the most interesting property investment articles I’ve read this week.

investing

There are more property investment articles, commentaries and analyst reports on the Web every week than anyone could read in a month. Each Saturday morning I like to share some of the interesting ones I’ve read during the week.

Enjoy your weekend…and please forward to your friends by clicking a social link buttons on the left. [Read more...]

The RBA wants the housing market to rescue the economy – but is it too hot?- Shane Oliver

the best place to invest in property

We all know the mining boom has slowed down and a structural shift is happening as we keep shedding jobs in our manufacturing sector, so the RBA has pinned its hopes on our housing and construction sectors to take up the slack and help keep our economy buoyant.

In his latest Oliver’s Insight, AMP Capital Chief Economist Chief Shane Oliver gives his thoughts: [Read more...]

Busting the apartment myth

apartments

It seems that almost everybody has an opinion on real estate, with plenty of ‘armchair experts’ who are keen to weigh in on the debate – whether the topic at hand is old property versus new; regional versus capital city; inner suburbs versus outer suburbs; or apartments versus houses…

It’s that last, often-discussed point that I want to focus on today.

As you may know I’ve been investing in property for many years; in fact more than I’d care to admit; and I recently noticed that I’ve been having a lot of the same conversations over and over again!

For example, just a last week I got into a robust conversation with a relatively new property investor, who was adamant that he’d worked out the secret to amassing a small fortune through property.

[Read more...]

Will “walkable” suburbs outperform in the future?

OLYMPUS DIGITAL CAMERA

You often hear location is paramount when choosing a great investment property. But what makes a good location?

[Read more...]

12 things that are much more important than money

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I write a lot about money and property in these blogs, but when you get to know me you’ll realise I believe that true wealth is what you’re left with after they take away all your money.

Sure money is important in some aspects of your life, but it’s not at all important in others – is it?

The following list from Lifehack of things you’ll regret in the future if you don’t do now, just reemphases this point. [Read more...]

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