Despite skyrocketing interest rates and continuous price falls over the past year, Australia’s property market has now seen a slight upturn, according the latest PropTrack Home Price Index report. According to the report, in February, national home prices rose by 0.18%, except for Hobart, which experienced a decline. Adelaide, Sydney, and Melbourne saw less than…
After experiencing the sharpest downturn in Australia’s housing market history, new research by JP Morgan suggests that the situation could soon turn around. The research shows that house prices, which fell by 9.1% since their peak in May 2022, are expected to stabilize sooner than many are predicting. At the beginning of this month: Dr….
Scams have become an unfortunate reality in today’s digital age, and no country is immune. In fact, according to figures released by the ABS, two-thirds of Australians aged 15 years and over were exposed to a scam in 2021-22. William Milne, ABS head of crime and justice statistics, said: “The results of The Personal Fraud Survey…
One of the most common questions I get asked is “When should I buy my next (or first) investment property?” But that question is pretty much like asking “How long is a piece of string?” There are a lot of variables to consider. It’s true, being a savvy investor is about timing. However, instead of…
Have you ever wondered what it would be like to pick the brain of an Elite SAS Commander? We recently undertook a rigorous 3-day training camp in the mountains around 2 hours from Brisbane with our team. Here we got to do exactly that and it was an invaluable experience. While I learned many lessons,…
While property price falls have been capturing widespread media attention, it is crucial for buyers, sellers, and owners to contextualize these figures. So let’s start by looking at what has actually happened to property prices. Of course the decrease in borrowing capacities caused by increasing interest rates has impacted home values, leading to a consistent…
Tight supply, rising interest rates, and reduced borrowing capacity dampened Australia’s property market in 2022, with prices falling from their pandemic-induced peaks. Prospective sellers have been sitting on the sidelines, delaying decisions to see how high inflation and rising interest rates will affect the market. But Domain’s latest house price report shows that while property…
There is always a lot of attention on Sydney and Melbourne’s affluent areas and property markets, but what about the wealthy Australians in Brisbane? Where do they live? Unfortunately, Queensland postcodes didn’t feature on the ATO’s recent top 10 suburbs rich list. However, there is an abundance of wealthy residents and high-priced properties, so with the…
It takes a lot of time and research to buy the right investment property for your portfolio, not to mention the added stress of questioning if the seller has disclosed information that may affect the sale price or whether they have tried to ‘pull the wool over your eyes’. Fortunately, for buyers, there is a…
How many hours a week do you work? Forty? Or less? Probably more. Either way, it’s important to have a good balance between the time you spend at work and the time you spend on personal pursuits and activities. In his regular column in The New Daily, Simon Kuestenmacher discussed the number of hours Aussies…
