Real Estate Investing Advice & Strategies From Experts You Can Trust
Use our articles from leading experts in property investing as your guide - from how you could get started in property investment in Australia, the common mistakes to avoid, tips on buying property and a range of advanced property investment topics like the psychology of successful property investors, property finance, tax and the law plus lots more….
We’re hearing a lot about housing affordability at the moment, largely because first homebuyers are struggling to save deposits for mortgages.
The Reserve Bank spends a fair amount of time charting issues related to housing stress.
Non-performing housing loans into 2013 as compared to the UK, US, Canada, the Eurozone and the rest of Europe:
Today’s Labour Force figures show that employment numbers continue to grow across the country.
Just under 90,000 new jobs were created across the country last year. During November, 15,500 new full-time jobs were created & 5,500 part-time positions.
What’s happening state by state? [Read more...]
Last weekend Pam and I attended the wedding of a friend’s daughter and were seated next to a lovely couple we hadn’t met before.
As we chatted through the night, I discovered John was a partner in a major accounting firm and a serious property investor who had grown a very significant property portfolio over the last 12 years.
The current value growth phase across Australia’s combined capital cities is nowhere near as strong as other growth phases over recent times. Although home values are rising, they are doing so at a much more moderate pace than during previous growth phases.
Home values are higher now than they have been in the past however, a different market characteristic now is that investors represent a much greater portion of the market. This could potentially heighten the risks associated with a downturn in the current growth phase.
Property investment is a bittersweet mixture of success and mistakes. As an Investor, you will have misadventures and mishaps.
Persisting with a strategy therefore to create wealth through property investment over the long term takes courage and the ability to pick yourself up when you trip and fall and have to start again.
Over the last few weeks a number of commentators have given their views on what’s ahead for our property markets in 2014. You can read Pete Wargent’s views here and those of John Edwards from Residex here.
Below is Dr Andrew Wilson, Senior Economist for Australian Property Monitors’ annual property market update report plus his views of the year ahead.
Here’s what he had to say…
Having worked with thousands of property investors over the years, I discovered that successful investors do things in a certain way that helps them become rich while others continue do things differently and in general they tend to struggle.
I’ve come to the conclusion that when you do what most successful investors do, you get to become one of them, and if you don’t, you won’t.
So lets look at six simple reasons most people will never get rich and how to make sure you do: [Read more...]
In this week’s 2 minute property investment news video I talk about the rising mortgage payments and falling vacancy rates.
Here’s a summary of the weekly key real estate market stats from RPData.
Some things you should keep an eye out for as a property investor include:
Buyers are rushing in from overseas. Heaps more are coming from interstate. Locals are being beaten at the post by out-of-state buyers.
Really?
Hmmm, the statistics show quite a different story. [Read more...]
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