We are experiencing extraordinary times with a booming economy and surging property market yet if history repeats itself, most investors won’t become rich. So, in today’s podcast, I want to share three lessons with you to help even the odds in your favour. Firstly, I’m going to explain six reasons many property investors don’t become…
New housing loan approvals rose strongly in March, up 5.5% over the last month with around 55% of the increase driven by investors. Contributing to the monthly increase was lending to investors, which saw a 12.7% increase from the month prior. This was the 10th consecutive month that the value of new investor lending commitments…
Property investment may be simple, but it’s not easy. It’s simple if you follow the rules and the right strategy, but it’s not easy because there are so many moving parts, and most people don’t even recognize that. Successful property investment requires the collaboration of a team with expertise in property, finance, tax, the law,…
Australian housing prices have soared by more than 500% over the past 25 years but while capital values have grown, yields have fallen to all-time lows. Real Estate Institute of Australia (REIA) President, Adrian Kelly said housing investors have been driven more by expected capital gains rather than rental yields. According to data from REIA,…
Almost 50 years ago I began my study of rich and successful people. Of course, not all rich people are successful. But I remember trying to understand why some people were rich while others kept struggling financially. Over the years I attended many seminars, paid mentors, and read as many books as I could on…
Housing markets are positively fizzing right now. Demand’s riding high, buyers battling it out over a shrinking pool of properties and driving some eye-catching price rises. The March quarter saw a 5.6% jump across the major capital cities, the March month alone posting the biggest gain in 32 years. Sydney dwelling prices rose a staggering…
I recently read an article in the Australian by leading demographer Bernard Salt that made me think. He posed an interesting question. He said, “imagine taking an Australian couple from the 1950s and placing them in our society today. What would surprise them most?” Would it be the internet or mobile phones or our general…
There are a lot of great things about being an adult, such as setting our own bedtimes and owning the pet of our choice. But perhaps most importantly, with age comes the wisdom and perspective we only wish we had when we were younger. So if you had the opportunity to go back in time,…
We’re at the beginning of a new economic cycle, a new property cycle, and a new business cycle – a time when lifetime wealth will be created by some people, but unfortunately not by most. I was recently asked by somebody in my mentorship program how to make the rest of their life the best…
The return of cashed-up expats is adding to sky-high property sales across the nation, according to the Property Investment Professionals of Australia (PIPA). Hundreds of thousands of people have returned to Australia over the past year, with many of them coming from cities that have more expensive property markets. PIPA Chairman Peter Koulizos said expats…