High property prices, escalating construction costs, and rapidly rising interest rates have pushed Australia’s housing affordability to the worst level in over 30 years, according to a new PropTrack report. The PropTrack Housing Affordability Index shows that in 2023 households across the income distribution could afford the smallest share of homes since 1995, when records…
The nation’s biggest home lender, Commonwealth Bank (CBA) has upgraded its house price forecasts aligning with the optimistic outlook shared by the other big banks. Only a few months ago in May, the CBA revised its original forecast that home values would fall 6 per cent this year, instead suggesting that prices will gain 3…
An estimated $2.6 trillion will be passed from Baby Boomers to the next generations in the 20 years to 2040 according to Philanthropy Australia. Families in Australia’s top suburbs for inheritances will hand down more than $3.3 million on average from one generation to the next, with children in Sydney’s harbourside regions edging those in…
Negotiation is one of the skills developed by all savvy property investors. Over the years I’ve noticed that some people are very good at getting terrific deals. Most others simply get what the other party is willing to give. What’s the difference? The first group knows how to negotiate. In today’s episode, I sit down…
One of the arguments frequently used to denounce the overseas economists who come here warning that our property markets are going to crash, is that our real estate markets are different to America. So what’s the difference between mortgages in Australia and the USA? Aside from different terminology and product types, there are some unique…
The past decade has been a whirlwind of change in the housing market across Australia. The numbers don’t lie: in nearly one in three Sydney suburbs, house prices doubled in the past 10 years. But what does this mean for the future of property investment? Sydney’s Surge Despite the sharp downturn during the APRA-induced credit…
In today’s Podcast, I’ve got two great segments for you. Initially, I’ll explain how a fascinating part of our brain: the reticular activating system, operates as both a search engine and a GPS, guiding us towards wealth. Then, I’ll have a conversation with a guest who has been called Australia’s best-kept money secret, Jacquie Clarke….
Property investment is one of the best ways to create wealth but your property investment success depends on much more than just property selection and location. You see… property investment also involves people – namely landlords (that’s you) and tenants. When leasing an investment property, the landlord has various responsibilities which must be upheld. In…
When going through life’s challenges, we all need a little extra inspiration. No matter what’s going on always remember to smile and hold you head up high. Here’s some words of wisdom to help along the way: 1. A Strong Woman Is One Who Is Able To Smile This Morning Like She Wasn’t Crying Last…
It’s Father’s Day today so… Here’s a classic from English writer and poet Rudyard Kipling that is clearly relevant to all fathers and sons and I guess there’s even a message in it for investors. It’s: A father’s advice to his son: “If you can keep your head when all about you Are losing theirs…