The Victorian government will expand its vacant residential land tax to the entire state from 2025 as part of its plan to ignite construction and tackle the housing supply shortage. The tax is charged at 1% of the total value of the property and is currently only applied to existing residential properties located in the…
Are you looking to get into property investment, or maybe you’re keen to add to your existing property portfolio? With all the mixed messages in the media many Aussies are wondering “should I buy, should I sell, should I hold”? Well, maybe you should buy an investment property… But maybe you shouldn’t. Fact is, I’ve…
![[Podcast] Investment Face-Off: Apartments vs. Houses, Who Wins in Today’s Market? With Brett Warren](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/09/505-MichaelBrett-podcast_image-08-270x200.jpg)
Is it better to invest in a house or an apartment? That’s an age-old question, but not one easy to answer. In fact, a few things have happened over the last few years that have caused investors to increasingly shy away from investing in apartments. So today, I’m going to discuss this topic with Brett…
Aussies are moving house less frequently. The median tenure for a house is nine years and for a unit, eight years, according to Domain’s latest Tenure and Profit Report, Last year’s decrease in prices might have made people delay selling their homes. However, the trend of longer tenure (how long you stay put in a…
![[Podcast] What Australia Will Look Like in 40 Years & Why You Should Care, with Simon Kuestenmacher](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/09/MY-podcast-503-whats-ahead-forecasts_Simon-Kuestenmacher-05-270x200.jpg)
What will Australia look like in 40 years’ time? Treasurer Jim Chalmers handed down the latest Intergenerational Report a short while ago. This report from the federal government predicts what the country will look like in 40 years and the state of the nation’s finances. Today’s conversation with Simon Kuestenmacher revolves around the report, which…
Taking control of your personal finances and getting rich is simple, but it’s not easy. And that’s not a play on words. It’s simple if you know how, but not easy because of our bad money habits. New York Times columnist, author, and financial planner Carl Richards regularly had his articles published on Property Update. I asked him…
There is an old army expression that cautions us to “Hurry up and Wait”, meaning be prepared to leap into action at the drop of a hat, whilst exercising patience just sitting around and waiting for that moment to come. Only to do the same thing all over again as the cycle of waiting, then…
![[Podcast] Banknotes and Bliss: Does Money Really Buy Happiness? With Mark Creedon](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/09/MY-podcast-498-MC-06-270x200.jpg)
Does money really buy happiness? Is there a clear relationship between money and happiness? To shed light on this age-old question, today I have a chat with Mark Creedon, founder of Mastermind Business Accelerator and CEO of the Metropole Group to decipher the enigma of happiness, money, investment and success. Decoding the Money-Happiness Paradox Today’s…
![[Podcast] Here’s how to avoid the 7 Deadly Habits that Prevent Wealth with Tom Corley](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/09/MY-podcast-485-Tom-Corley-06-270x200.jpg)
We often ponder the habits that pave the path to success and wealth. But have you ever considered the habits that do the exact opposite? What are the behaviours and patterns that lead to financial struggles and life dissatisfaction? In this episode, I talk to wealth creation expert Tom Corley to help you avoid the…
It’s been a wild ride for property investors over the past 6 years – from a cutoff of interest-only loans to threats of a negative gearing ban, to aggressive interest rate hikes, high property prices… and now, a spotlight on Australia’s rental laws. Ultra-low vacancy rates, high rent prices, strong demand, and a rising population…
