You’ve heard me say it before… not all properties make good investments, and not all investors will profit from their real estate pursuits. So what’s the difference between those who succeed at property investing and those who struggle to get ahead and fail to make any serious progress towards their wealth goals? More often than…
Melbourne will soon be Australia’s largest city. In fact, Melbourne’s population is arguably already larger than Sydney’s, depending on where the boundaries are set. You see…the Australian Bureau of Statistics includes the Central Coast in its definition of Greater Sydney but leaves Geelong out of its definition of Greater Melbourne. But if you remove the…
Banks’ loyal mortgage customers are being slugged about $1000 a year more in interest payments compared to new borrowers, according to the RBA. Last week RBA Governor Philip Lowe urged loyal mortgage customers to “shop around” to get a better home loan rate. He pointed to new RBA and APRA data that shows owner occupier…
People often ask me what makes a better investment, a house or an apartment. I believe there is an even better question you should be asking to ensure you make the best decision. The question is… “Which has the better land value?” Here are my thoughts… Understand the Basics Ask yourself, which part of the…
How are you feeling about our Property heading into 2020? I bet it will be considerably different than how you viewed things 12 months ago. Take your mind back to January 2019, as you were setting your goals and casting an eye on the year ahead. You may remember, there were some dark and stormy…
Whether it’s the home you live in or an investment property; selling a house is a substantial transaction that is worth hundreds of thousands of dollars. Mistakes and oversights can cost you a lot of time and money, so you might be surprised to know that there are some all-too-common – and disastrously costly –…
Who gets the final say in how much your property is worth? It’s not your property manager. It’s not your real estate agent. And it’s definitely not your mortgage broker! So who does get the final say as to how much your property is actually worth? As a property owner, even if you aren’t looking…
Property investment can sometimes have a mythical quality, but not in a good way! There are a plethora of myths out there that prevent us from starting, or growing, an investment portfolio to our financial detriment. Let’s look at five of the myths I’ve heard about borrowing money to invest: 1. Leverage is too risky …
Scams, get rich quick schemes and self-styled gurus abound in the property industry, and many a hopeful investor has seen their financial security go up in smoke when they’ve fallen victim to the latest real estate fad. So how can you tell if you’ve stumbled upon a genuinely fantastic opportunity… or you’ve simply crossed paths…
We all want to buy our house or our next investment property at the lowest price possible, or at least get good value for our money. You now know that the asking price quoted by the selling agent will usually be more than the owner is willing to take for their home. It’s just part…
