What does it really cost to own an "investment grade" property

What does it really cost to own an “investment grade” property

We all know that holding a high growth property with a reasonable mortgage will have you out of pocket. That’s because high growth properties tend to have low rental yields. Well I was recently given a challenge. The editor of Money Magazine asked me to write an article for their annual property special edition. She wanted…

Investors finally get APRA's message

Investors finally get APRA’s message

APRA is getting its way… The latest ABS Housing Finance data shows a sharp drop in investor housing commitments. The value of investment housing commitments in July fell by $460 million or 3.9 per cent from the previous month, according to the seasonally adjusted figures. The last out-of-cycle rate hikes for investors and customers paying…

Running your own race

Running your own race

The photo below right was taken at the men’s 100 metres final at the Seoul Olympics in 1988. I can’t quite recall what happened to the poor ailing chap in lane two, but with arm outstretched, Canada’s Ben Johnson has raised his finger aloft to the heavens to signify that he is just about to…

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