Millennials who delay buying their first home are putting themselves at huge risk of being long-term renters. But complaining about a lack of affordability isn’t going to get them anywhere; instead, they need to start to turn attitude into action. The fact is: that the number of first-home buyers is dwindling. This is a massive…
Whether it’s your first, your fifth or even your 15th property, nothing quite beats that feeling of excitement that comes with making the decision to put an offer down on a property. That said, buying property can be a long, arduous journey – which is why the real estate agent who is selling the home…
No matter what age or stage of life you’re in, it’s valuable to understand how much money is needed for retirement. Because when the time does come, we all want to ensure we have the opportunity to live the best life possible. Here’s a breakdown of the average retirement income in Australia, how much money…
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…
