Is retiring mortgage free still an attainable dream

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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

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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...]

5 Charts from the RBA – Pete Wargent

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Each month the RBA releases an updated Chart Pack, so let’s have a quick look at 5 of them.  You can download the rest of them here.

First up, household saving ratio is now beginning to fall. [Read more...]

Finance structures that save you money – Andrew Mirams

house money

Establishing the right investment and finance structure is critical to the long-term success of any property acquisition.

I recently spoke with Ty Beveridge, accountant from Kindle Partners who advises it starts with your very first home that might one day become an addition to your own wealth generating investment portfolio.

Ty explains…

“Some people decide to convert their own home into an investment property in the future. Seeking advice at the outset when you’re contemplating such a move is crucial, so that you don’t miss out on future tax deductions.”

So let’s explore how you can establish the right ownership and debt structures from the outset, in order to reduce your risk exposure whilst maximising your all important investment dollar and allowable tax deductions. [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...]

This week’s property market wrap from RPData- Tim Lawless

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The Australian Bureau of Statistics (ABS) released housing finance statistics for February 2014 earlier this week.

As foreshadowed by RP Data’s Mortgage Index, the data showed that over the month there were 52,460 housing finance commitments to owner occupiers which was the highest monthly volume of commitments since October 2009.

This data is separated into owner occupier refinance and owner occupier non-refinance commitments. Refinance commitments rose by 6.0% over the month and were 15.8% higher over the year. Non-refinance commitments are also trending higher, up 0.6% over the month and 12.9% higher year-on-year. [Read more...]

Did you know the rich don’t pay their fair share of tax. They pay all of it!- Ed Chan

property investment Land tax

I recently read an interesting article in The Australian where Adam Creighton wrote an interesting article suggesting that the rich don’t pay their fair share of tax. They pay all of it.

I’ve posted the article below and made some comments at the end. [Read more...]

The 7 deadly sins of learner landlords- Shannon Davis

Property-Manager

Buying your first investment property can be both exciting and daunting . You’ve poured your hard earned savings and/or equity into a  expensive asset, and now you take on the responsibility of being a landlord and the challenges of property management to ensure you maximise the return on your investment property.

Over the years I’ve see numerous mistakes made by “learner” landlords who have limited knowledge of managing an investment property. So to help you avoid these property managent mistakes, here is a list of what I would consider the “7 deadly sins” of property management committed by beginning investors and some tips on how you can avoid them.

[Read more...]

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