Property investing doesn’t seem like it’d be all that difficult, right? You buy a place, jazz it up, rent it out and enjoy the returns. How could anyone make too much of a mistake? Right? If only it were that easy. In reality, there are actually plenty of different mistakes, missteps and errors that can…
In the midst of the property market upswing, property across the country was selling at lightning speed, with countless reports of property sales happening within hours of being listed for sale. Now that the market has cooled and prices have fallen from their peak, higher lending costs and dampened demand means the time it takes…
Climate change is causing increased drought, hotter temperatures, and more extreme storms and these changes are endangering our environment, lifestyles, our jobs and livelihoods, our crops and therefore food prices, our health, and even our air quality. But did you also realise how much climate change is endangering our property and property investments? New analysis,…
How much unpaid work are you doing? Well, according to the Australian Bureau of Statistics (ABS) Time Use Survey, people in Australia spent an average of three and a half hours a day on unpaid work activities during 2020-2021. This includes domestic duties like housework, food and drinks preparation and shopping, as well as child…
House prices, groceries, petrol, and even flights, Australia’s cost of living has gone through the roof as our economy tries to grapple with surging inflation. Our inflation rate is now over 5% for the first time since 2001 and isn’t showing any signs of slowing. In fact, Reserve Bank of Australia (RBA) Governor Lowe recently appeared…
Queensland’s property market, particularly Brisbane and the Gold Coast, was among the strongest across the country in 2021 with prices growing in excess of 30% in many locations. Even as growth slowed in other parts of Australia, many of Queensland’s housing markets continued to perform strongly in the first half of 2022 buoyed by strong…
New lending for housing has slowed significantly. In fact, fresh data from the Australian Bureau of Statistics show a further fall of 8.2% month-on-month in September, eclipsing a drop of 3.4% in August. Obviously, the rapidly rising interest rates have weakened lending demand and buyers’ budgets have shrunk as borrowing capacities have tightened, meaning the…
My property strategy is often classed as a long-term investor. Just to make things clear… my philosophy is to buy and seldom sell, rather than to buy and never sell. Why is that? Well, life has a funny way of bringing changes upon us and often there is not much we can do about it. Similarly,…
How can you cut loan costs if you’re stuck with your mortgage? Well, many mortgage holders have recently switched lenders to cut their loan costs. The Australian Bureau of Statistics reports that a record $12.8 billion in owner-occupied loans were refinanced to a new lender in August alone. However, according to Effie Zahos, money expert and…
Global property prices are steadily increasing while Australia’s property price decline has picked up the pace, with Brisbane and Adelaide emerging as our strongest markets. Knight Frank’s latest Global Residential Cities Index has revealed that despite Australian property prices falling from their peak in recent months, the two Aussie cities stand out among the rest….
