New research from Roy Morgan shows that mortgage stress has increased to 17.3% of borrowers in July, an increase of 0.3% points over the last 12 months, despite a decline in loan rates. Home loan rates were based on the standard variable rate from the RBA which in the three months ended July 2017 averaged…
Back in the days when I was young the word “kipper” meant a type of fish, but today it can sometimes mean something else entirely. Do you know what it is? Well, to some people, the acronym KIPPERS stands for… Kids In Parents Pockets Eroding Retirement Savings! Should I stay or should I… stay? We’ve…
![10 things the rich do that the poor don't [animated video]](https://cdn.propertyupdate.com.au/wp-content/uploads/2016/11/rich-and-poor-270x200.jpg)
Yes…another post about what the rich do that the average person doesn’t! But this time it’s a little more fun because it’s in the form of an animation, but don’t let that put you off. While I’ve written about this topic in detail in my book Rich Habits Poor Habits with my co author Tom Corley,…
Low-interest rates and robust rental demand mean many property portfolios have been in the black rather than the red over recent years. Historically rock bottom rates resulted in reduced mortgage repayments and a growing pool of very happy landlords. But times can and do change. And when they do, how well do you think your…
Finding a competent property manager is a matter of knowing the right questions to ask. You’re on the lookout for a good partner, someone who will look after your needs, attend to the small details and generally have your well-being at heart. What you don’t want is indifference, unreturned calls and problems swept under the…
Two minute read A few weeks back, the talking heads applauded the return of the first home buyer. A sample of what was written in the press follows: Official figures show that 8,573 mortgage loans were taken out by first-time buyers in June, which is the highest level in almost three years. The total value…
