First-time home buyers are saving more each month than last year. However, they still feel anxious about building a sufficient deposit to break free from renting and finally own their dream home, according to Canstar’s latest research. According to Canstar’s new First Home Buyer Survey, potential first-time buyers are now saving an average of $1,605…
There’s lots of talk about mortgage stress and the risk of loan defaults, but a recent study showed that certain outer suburbs are twice as likely to have loan arrears. Homeowners in Sydney’s southwest, Perth’s northwest, and Melbourne’s northwest suburbs are the most financially stressed across the country, with the highest number of households at…
Who do you ask for property advice – whether it’s for your next home or a property investment? Let me tell you who not to listen to – don’t take advice from reality TV shows! In fact working with inexperienced or unqualified self-styled “property experts” can result in buyers purchasing a dud for an overinflated…
Rapidly rising interest rates have seen Aussie property investors forced to fork out tens of billions of dollars in extra mortgage repayments, new analysis has revealed. Property Investment Professionals of Australia (PIPA) calculations show the characterisation of landlords as greedy by some politicians are way off the mark. Based on figures and assuming averages, property…
If you’re like most Australians, you have at least one credit card and one debit card in your wallet or on your smartphone. They may look alike – pieces of plastic with 16 numbers across them, expiration date, and a PIN code; but that’s where the similarity ends. Actually, they’re very different beasts. So how…
![Understand the extraordinary power of compound interest [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2017/11/AdobeStock_63769691-270x200.jpeg)
Have you ever wished that you had more money, without all the fuss and effort? Maybe you’re concerned you won’t have enough saved for retirement. Fortunately, there’s actually a simple way to accomplish those things if you’re willing to learn how to put your money to work for you. It’s called compound interest, and it can help…
There is a dire shortage of rental properties around Australia, meaning we have historically low vacancy rates and skyrocketing rents. The rental landscape in Australia is experiencing unprecedented challenges, but in a recent article in The Australian, Robert Gottliebsen offered four radical ideas to solve our rental crisis. Gottliebsen explained that an intricate weave of…
Australia’s total credit card bill attracting interest charges has dropped for the second time in nine months to a total of $17.73 billion. This is despite the fact the number of credit card accounts rose for the ninth month in a row, to a total of 12.6 million, according to new RBA data released today….
Buying an investment property can be both an exciting and stressful time. Ultimately, choosing the right investment property comes down to your investment plan, but also knowing how much you can afford and understanding what is available to buy. This is especially the case at a time when property stock is low and prices, although…
Are real estate agents honest, do they bend the truth or are they just trying to do the job without being sued? Have you ever wondered why real estate agents have consistently had a bad reputation? In my experience of working with many different real estate agents, I have come across the good the bad…
