When it comes to financial security, traditional advice often centres around paying off your home mortgage as quickly as possible. The peace of mind that comes with owning your home outright is undeniably appealing. However, this strategy might not always be the most effective way to grow your wealth. Instead, using the funds to invest…
Are you interested in investing in property, or are you already a property investor? What type of property investor are you? What I am referring to here is specifically the process you will undertake to invest in a property. While there are many people that invest in property, the way they choose to invest can…
What’s ahead for property in the new financial year? Well, Australian home prices are forecasted to rise again over the next 12 months, although the pace of house price growth is expected to be slower compared to the last 2 years, according to Domain’s FY 25 Price Forecast Report. However, there will be a marginal…
Governments are using private investors as scapegoats for a shocking underinvestment in social housing while raking in tens of billions of dollars in property taxes each year, according to the Property Investment Professionals of Australia (PIPA). Right now, about 175,000 households are on waiting lists for public or community housing across Australia, up by 20,000…
When you start out as an investor, the idea of buying a property as you march towards financial freedom is full of excitement and promise. Yet, the closer you get to making it a reality, the more stressful and confusing it can all become – often because you are trying to make sense of conflicting…
Queensland Treasurer Cameron Dick unveiled the 2024-25 Budget, a mixed bag of cost-of-living relief and new taxes targeting the property industry. One of the key highlights is the increase in transfer duty concession thresholds for first-home buyers. The ceiling has been raised from $500,000 to $700,000, with partial concessions available up to $800,000. This measure…
Living in an apartment, townhouse, or any strata-titled property comes with a ton of perks – convenience, security, and sometimes even fancy amenities like pools and gyms. But there’s also a cost associated with sharing the responsibility of these spaces: strata fees. Think of them as a shared investment in the upkeep and improvement of…
It seems as though there are always stories about the challenges of housing affordability in the media. And this seems to be dividing us into a nation of those who are property owners and those who believe property will always be unaffordable. I remember during the property boom of 2106 and 2017 it was all…
Australians looking to buy a property will now need to save as much as $65K more than 5 years ago as booming house prices hiked up how much buyers need to front up in order to buy their dream home. Australia’s property market defied the many doomsday forecasts and moved through the bottom of the…
With our property markets bounding along nicely many first-home buyers are wondering if now is a good time to get a foot on the property ladder. I’m not sure what they’re waiting for; property prices won’t get any cheaper. You know what they say… The best time to get into the property market was 20…
