Did you ever dream of ditching your job to sit on an island somewhere else in the world? Who hasn’t right? I know I have been guilty in my early years of sitting in a job I did not enjoy, while dreaming of sitting on a beach somewhere. If only, there was a way? Like…
The resilience of real estate was proven yet again as property prices rose over the year. And now all the forecasts for 2021 seem very positive. But what can we learn from how our property markets emerged from previous economic downturns? Looking back you’ll find that median house price growth was very strong as you’ll…
Are you considering taking the plunge and buying an investment property, but don’t know where to start? Many people are doing exactly this as a number of major headwinds start to fade and become a distant memory. With the election behind us, changes to Negative Gearing off the table and interest rates at record lows,…
Fraudsters are targeting Christmas bargain-hunters who have switched to online shopping amid coronavirus, according to Finder. Online shopping fraud has more than doubled in the past 12 months, putting well-meaning Christmas shoppers at risk. Figures from the Australian Competition and Consumer Commission show online shopping fraud is up 111% in October 2020, compared to October…
The Reserve Bank has just released its latest credit and charge card data, revealing Australians have knocked $7.68 billion off personal credit card debt accruing interest this year. Over the same period, businesses have cut $401.7 million from credit card debt accruing interest. This brings the total reduction in credit card debt accruing interest for…
There is a saying that statistics can tell you anything you want them too because our own biases will impact the way that we interpret them. Now that doesn’t mean that statistics are therefore meaningless. Rather, property statistics can help educate investors about what markets are doing at specific points in time. And that is…
The forecasts for property forecast for 2021 are starting to come in thick and fast and they’re all very positive. The latest is from SQM’s Louis Christopher who suggests that Australian capital city dwelling prices will rise in 2021 as a result of this year’s aggressive government stimulus, interest rate cuts and the upcoming changes…
Don’t fear the financial cliff. We were initially told that Australia’s economy is heading for a financial cliff when government subsidies were to be cut back from September. Remember…home loan repayment holidays were also set to stop in September but then the banks have extended them to March for customers still suffering a cash crunch….
A whopping 83% of mortgage holders would like to change lenders, but can’t and are therefore “mortgage prisoners” according to a new report by Mozo. Here’s the problem: while 38% of people intend to make the switch, 45% are unable to due to limited earnings and therefore paying a premium to own their property. Quick…
From buying a home to bankrolling holidays, the “Bank of Mum and Dad” remains open for business according to new research. Most adult kids fly the nest eventually, but for many, financial support from their parents remains ongoing. Finder research shows that almost half (44%) of Australian parents help their adult offspring out with expenses….
