Alarm bells are ringing for those who bought an off the plan apartment a few years ago. Investment bank UBS warned that three in 10 new apartments sold off the plan in Sydney are now settling with a lower valuation than the original contract sale price. And it’s much the same in Melbourne. This comes…
Over the last few years more investors have been considering secondary cities such as Geelong, Newcastle and Launceston which were more affordable than our big capitals. Domain Economist Trent Wiltshire recently wrote: “Secondary cities have been on a run, proving more affordable options for buyers after prices shot up in the closest major capital city….
If you’re planning to sell your home or investment property this year, I bet you’re keen to get the maximum price. Well I’ve got a couple of good ideas to help you achieve this in our current challenging market. But first let me ask you a question… Have you ever watched “The Price is Right”? If…
Everyone need more cashflow don’t they? And higher property investment yields mean more cashflow right? The short answer is NO! You see many investors set out with the short-term mentality to create more cash flow. They think that by investing for cash flow they can replace their existing income and replace it with rental income….
Proposals to limit negative gearing and reduce capital gains tax concessions will cost a Labor Government $32 billion over just 10 years, according to new research. Modelling by the Property Investment Professionals of Australia (PIPA) has found that limiting negative gearing to brand new investment properties as well as reducing the capital gains tax discount…
While we all know that property investment is generally about long-term wealth creation, sometimes even experienced investors wind up losing on their properties. So to help you avoid some of the common pitfalls, let’s look at a few of the strategies that could make your investment more of a money pit than a profit-spinner… 1….
Australians will spend most of their 30s correcting the financial mistakes of their 20s according to new research from Finder. Finder analysed over 14,000 credit reports, and found that Millennials have the worst credit score of any generation, with an average score of 666. A credit score reflects a person’s credit history and ranges from…
Ever wondered what the average Australian earns and how you compare? The recently released Australian Bureau of Statistics (ABS) data says the average full time worker earneds $1,604.90 in November, up 2.4% from a year earlier. Some other key facts: Average Australian full-time ordinary earnings grew by 2.4% in the year to November. With inflation growing by…
Here’s a $2 investment that will make you a fortune. Whether you’re looking at getting into the property market as a home buyer or investor for the first time or you’ve already got some properties and looking to build a stronger asset base, this short video will be invaluable. Especially given the current economic, financial…
Think getting a loan for an investment property will be as easy as your home mortgage? Well, think again. Currently, lenders are more cautious. Following the fallout of the Haynes Royal Commission into banking they’re making property investors jump through more hoops than ever to get an investment loan, yet they’re keen to help first home buyers…
