The number of properties sold without a mortgage jumped sharply during the second quarter in Australia’s three largest states, with cashed-up buyers flocking to Melbourne CBD’s apartment market, new data reveals. The number of homes sold without a mortgage has risen 24.3% in Victoria, 31% in NSW, and 14.4% in Queensland, according to a PEXA…
If you ask 100 Australian investors which book got them into property, I reckon at least 70 would say Michael Yardney’s ‘How To Grow A Multi-Million Dollar Property Portfolio – in your spare time’. In fact, I recently re-read it – but this time the updated 16th Anniversary Edition. Its simple narrative does an incredible…
Could there be a link between running in the rain and becoming successful in life? Probably not directly, but it is a habit I have chosen to adopt. One of my favourite sayings is “Go the extra mile, it is never crowded”. I grew up playing Aussie Rules Football and played with some of the…
How long does it take to sell in the suburb you’re interested in? Despite all the dire messages in the media, home prices are climbing up all across the country, and guess what? People are still super keen on buying. And here’s the kicker – according to realestate.com.au houses are getting sold way faster than…
Deciding to enter the real estate market at a young age is a bold decision. To get the most out of your property investments and to lessen the associated risks I’ve been running a series of articles over the last few days based on an interview I had with finder.com.au regarding investing in property at a young age. …
What’s happened to your home mortgage bill over the last year? The interest bill on the average $580,240 owner-occupied home loan is $792,693, meaning the true cost of the typical home loan in this country is $1.37 million, according to financial comparison site, Canstar. The analysis is based on the Reserve Bank of Australia’s average…
Are you a sucker for a juicy, clickbait headline like me? Maybe like the one I have just used… A promise of endless cash flow would have to be the fakest headline in property investment advertising. It is the bait that lures you in, in the hope that you are snapped up by the salesperson….
Our housing markets experience ups and downs don’t they? Although home prices experienced a dip in 2022, it was nothing compared to the surge experienced during the pandemic when interest rates hit record lows. Looking back over a longer period of 10 years, it is clear that almost all suburbs have experienced price growth, with…
Australia’s total credit card bill attracting interest charges has dropped by $161 million – the largest drop since last July. This significant drop comes as they use money back from their tax returns to clear credit card debt. The last time debt accruing interest rose in July was 2009. Credit card statistics: personal credit in…
Is assessing Demographics an integral part of the way you build your property portfolio? If not you could be missing the key to building long-term wealth without significant risk. Understanding demographics could and should be the final piece of the puzzle for you during the decision-making process. It is certainly something we monitor at Metropole…
