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…
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…
Victoria has become Australia’s second-most popular state for international buyers and tenants eyeing a move to the lucky country last month. New figures from PropTrack show that offshore demand for rentals is currently 32% above historical norms, with increasing interest coming from the UK, New Zealand, and China. Only New South Wales had higher demand…
There’s no real ‘secret’ to property investing success, but as I’ve said many times before, there is a strategy. There are so many articles around about how to make sure your property investments outperform the rest of the market. The right location, the right price, the right plan… Searching for the ultimate path to guaranteed…
Would you be surprised if I told you that making millions, or even being a ‘savvy saver’, has more to do with your attitude towards money than how much you make or spend? Those who become wealthy possess certain characteristics that influence their relationship with money. They are more frugal and less inclined to waste…
Do you know how many people own more than one investment property in Australia? Trust me – the answer will surprise you! You see, while there are just over two million investors in Australia, about 75 per cent of them own just one investment property. Only about 18 per cent own two, which rapidly drops…
I’ve said it before: it’s always been difficult to buy your first property. No matter whether it was the 1960s, 1990s or now, scrimping and saving for that deposit takes discipline and dedication. Now I admit that with property prices around Australia at new peak levels in many locations, and interest rates still high for…
