The chances are that if you’ve just bought (or are planning to buy) an investment property in a multi-unit development such as a unit, townhouse, or apartment, you’ll have heard about an owner’s corporation or a Body Corporate. These are essential to the smooth functioning of any building or housing lot in which owners have…
When we talk about Australia’s property market, most people look inward — inflation data, RBA decisions, consumer sentiment. But increasingly, what happens overseas, particularly in the US and China, is influencing what happens here at home. According to Ray White Chief Economist Nerida Conisbee, there are three potential paths the Australian housing market could take…
Beware, property investors! If you’re considering investing in Melbourne’s enticing property market, it is a double-edged sword, filled with potential success but also hidden pitfalls and deceptive lures. Now that most commentators believe there is considerable upside in the languishing Melbourne market, interstate investors are flocking to Melbourne, drawn by visions of lucrative returns and…
Even if you’re in a comfortable debt position according to your own personal risk exposure, the only judgment that matters when you apply for a mortgage is that of the banks’ assessment of your serviceability. So here are eight strategies to make sure an invisible serviceability ceiling doesn’t stop you from growing your property portfolio…
If you’re under 35 and considering buying a home, it might be time to rethink that decision. The economic environment and world of finance have shifted in recent years, and so should our perspective on homeownership. But does that mean you should give up on the dream entirely? Not at all! For generations, owning a…
We are living in interesting times, aren’t we? After strong property price growth in our major property markets in 2023 and the first half of 2024, we are now moving to a period of slower capital growth. The current market is creating two types of property buyers: Those who see it as an opportunity to…
Have you ever wondered who attends an event like Wealth Retreat? I know I always did. I have been attending Wealth Retreat for the best part of 12 years now, but I remember asking that question before my very first Wealth Retreat. I questioned my own worth and being an introvert, I also questioned whether…
It’s been two years of interest rate hikes, rising cost-of-living pressures, and constant warnings about mortgage stress. And yet, Australian homeowners are proving more resilient than many expected. The latest data from APRA’s Quarterly Property Exposure Statistics shows that offset account balances have surged to record highs, while mortgage defaults have fallen for the first…
Buying your next home can be a daunting task, especially if it’s your first home. It’s exciting but full of complexities. While it’s likely to be the largest financial transaction you will ever make, we’ve found that many home buyers are poorly prepared to ensure they make a good purchase decision. And it’s not their…
Many aspiring property investors are drawn to the idea of “no money down” deals—a dream scenario where you buy a property without using any of your own funds. It sounds too good to be true, right? Well, that’s because, in reality, it almost always is in the Australian property market, despite what some social media…
