The Reserve Bank has released its March 2021 credit and charge card data, revealing Australians knocked $7.5 million off debt accruing interest on personal credit cards in March. The debt decrease comes off the back of an $18.4 million increase the month prior. Despite cardholders wiping $6.96 billion off personal credit card debt accruing interest…
Would you like to build your wealth faster by undertaking a property development? I know it is high on the wish list of many investors that I speak with. While there is a certainly greater risk, the rewards can be substantial and it has certainly fast-tracked my property portfolio, along with many of our clients….
Would you like to know what’s driving this property boom? To understand this in more detail, it is important to appreciate where the demand is coming from and what may be driving it? In past cycles, cheaper credit has seen investors get into the market in stronger numbers, driving up property prices. This has seen…
Australia is one of the most urbanised countries in the world with our main central business districts (CBDs) at the heart of economic, political, recreational, cultural and innovation activity. The influx of CBD-based workers, visitors and new residents, have been key in maintaining their role as centres for activity and employment. However, since COVID-19 there…
Australia’s house prices have experienced the steepest increase in almost 18 years surpassing record highs, with Sydney and Canberra taking the title as the cities enjoying the fastest quarterly acceleration on record. The Domain House Price Report for the March 2021 quarter reveals property affordability is being pushed further out of reach for many desperate…
Just because you’ve taken the leap from homeowner to property investor, doesn’t mean your financial fortune is assured. In fact, despite our strong property markets, it doesn’t even mean that you will start making a profit in the short term, or that you are on your way to owning a sizeable portfolio. The reality is…
Aspiring homeowners now need a six-figure deposit to purchase a property, according to staggering new research. According to Finder’s First Home Buyers Report 2021, which surveyed 1,028 first home buyers, 11% now require more than a decade to scrape a deposit together. This comes as ABS data from January 2021 shows that the average deposit…
You’ve heard the old saying: when it comes to land, they’re not making any more of it. Of course, that’s 100 per cent true. However, despite the vast size of our beautiful country, valuable land in metropolitan areas is still a scarce – and scarcity drives up value. So, as an investor, how can you…
Do you know why the coach is often the first one fired from an unsuccessful sporting team? It’s often because they were struggling to turn the team into champions, united as one to achieve sporting success. The same goes with much in life and especially in property investment today. You see, gone are the days…
Parents are lending, giving, or underwriting record amounts for deposits to help their adult children buy their first home, making the so-called Bank of Mum and Dad one of Australia’s biggest mortgage lenders. According to Finder’s First Home Buyers Report 2021, which surveyed 1,028 first home buyers, one in three (32%) rely on their parents for…
