Robert Kiyosaki’s Rich Dad real estate blog carried a great article giving some ideas about how to escape the rat race and develop financial freedom. While this was written some time ago and as you read them you may initially be surprised by the advice. On the other hand, if you’ve been following my philosophy of…
I’ve met so many investors who are fixated on rental yields – but for me, capital growth is always the number one thing to look out for when buying an investment property. Building wealth through real estate is best achieved by buying quality investment-grade properties and holding them for the long term, allowing the market to…
The statistics say it all-around 92% of Australians who invest in property never make it past their first or second investment. This is in spite of the fact that one property will never make you rich…it will never even make for a comfortable retirement when you consider that this stage of your life could represent…
You’ve just made an offer on your new home or your next investment property and it’s been accepted. That’s great news, but what actually comes with the property when you settle? Is it everything that you saw when you inspected the property? Clearly not – some of the items in the property belonged to the…
Ever been to an auction where the property sold for hundreds of thousands of dollars above what the agent had quoted? I certainly have and I know many disappointed prospective buyers who have missed out at auction by being misled by agents’ quoted price ranges. Just to make things clear…the practice of underquoting is where…
The prospect of cash rate cuts in 2024 remains in doubt following higher than expected inflation figures released today from the ABS. The monthly CPI indicator shows annual inflation rose 3.6 per cent in the 12 months to April 2024, the highest annual rate since November of last year and up for the second month…
It’s such a disheartening scenario. After weeks or even months of open homes, with strangers traipsing through your property every Saturday, and spending hours on the phone with your selling agent – you don’t get a single bite. It’s hard not to get despondent and feel like it was all for naught. You had high…
When you buy a property, what part of the purchase increases in value? It is the land of course. It is the question that almost every property investor I speak with understands without hesitation. So, if the land is a critical component for successful investing, why not maximise your total budget and just buy vacant…
It seems that green homes are easier to sell, according to Domain’s annual Sustainability in Property Report. Data from the report reveals that energy-efficient homes receive more attention from buyers nationwide, resulting in quicker sales compared to their non-energy-efficient counterparts (see Table 1). Table 1 shows the difference in how long it takes to sell…
Building a granny flat out the back of your property has fast become a popular way to increase your living space or even earn some extra rental income, but does it make good investment sense? According to reports, the number of granny flats being approved and built in NSW is at an all-time high. The…
