A property spruiker who claimed people could buy a house for $1 have been fined a record $18 million for misleading consumers. The Federal Court imposed the fines on Rick Otton and his company “We Buy Houses” after an investigation by the Australian Competition and Consumer Commission (ACCC) and New South Wales Fair Trading. The record…
Articles by Kate Forbes
Kate Forbes is a National Director Property Strategy at Metropole. She has 15 years of investment experience in financial markets in two continents, is qualified in multiple disciplines and is also a chartered financial analyst (CFA).
Visit www.MelbourneBuyersAgent.com.au
Melbourne is becoming “an economically polarised city, a place of haves and have nots, driven by our geographical size”as the gap in income growth between the inner suburbs and the fast-growing fringe widens according to new research from the Committee for Melbourne. And this will only worsen as the population grows from its current 5…
The Australian property market has drawn increasing numbers of overseas buyers in recent years, with many of them enjoying record capital growth and strong rental returns. However, with recent moves from government bodies and regulatory agencies to slow down the housing boom and restore affordability for young Aussie buyers, the landscape has changed a little….
Not all property investors are successful. Some fall on hard times because they don’t research the market, some ignore good advice and make a serious error of judgment, while others listen to self-professed experts who don’t know what they are talking about and have very little experience. If you are looking for bad advice as…
Real estate investing used to be a rather niche industry, confined to the few Australians who had significant reserves of cash and a genuine interest in the property market. These days, you could be forgiven for thinking that everyone is a real estate investor. Interest rates are at all time lows, freeing up many people to…
Melbourne is exploding and growing by 125,000 people a year It’s the world’s 4th fastest growing developed city and it’s like adding a city the size of Ballarat to Melbourne every 12 months. The ABC report that it’s projected to be Australia’s biggest city by as early as 2028. And by 2050, it will have…
Property can be a thrilling venture to take part in. But for those who aren’t familiar with the concepts and strategies involved, it can also be full of potential traps that could cause you to lose more than you gain. To better prepare you for to potential pitfalls at play, here are some of the…
For years the great Australian dream has been to own one’s one home — but how are things going? Are we achieving this? Interestingly this is a very Australian aspiration – it’s not the same in other parts of the world where many expect to be tenants all their lives. Even in the USA the Great…
The trick to making money from your investment property is to buy well. Now, that sounds like a fairly obvious point but you’d be surprised by how many investors and homebuyers (and all homebuyers should think like investors at the end of the day) pay too much for their properties. Now I’m not suggesting you…
You might be surprised to learn that wrangling a couple of little monsters and working in real estate have an awful lot in common. With their unique set of experience and skills, it’s no wonder real estate agents make fantastic parents! And it’s not just because they’ll be able to help their kids get into…
