So here we go again, the talk of more interest rate cuts. Well who thinks cutting interest rates from 0.25% to 0.1% or even zero will have an impact on our economy? Exactly, it will have no net benefit to hundreds of thousands of Australians with a mortgage as we deal with the current and…
When it comes to property investment, there’s no shortage of information available about what budding investors should do in order to ensure success. But perhaps more important are the pitfalls to avoid so you don’t become a statistic of the property game. While many investors start out with the intention of making it big…
Just look what’s happened to Qantas and Virgin. Like many other businesses they are being crushed by the COVID-19 economic slowdown. Qantas lost billions of dollars and has shed thousands of employees. Virgin went broke and similarly its employees, including pilots, are facing layoffs or job losses. While a gate attendant might easily transition into…
Why were all those property pessimists wrong? In fact, why are they becoming more positive about property? Of course it wasn’t just the usual band of Negative Nellies making dire predictions of significant property price falls earlier this year, it was also some credible economists suggesting property values could fall by up to 20%. Yet…
There are a number of reasons why a person may want to invest in property, but they never actually get around to it. They have all the best intentions and they really, truly want to take action. They do the research. They attend the seminars and the courses. They get educated, they learn what’s possible,…
When you first thought about buying property as an investment vehicle, did the words ‘quietly boring’ ever pop into your mind? I’m guessing they didn’t. Real estate is often seen as an exciting affair and whatever names you have to describe it, “boring” isn’t like to be one of them. But investing isn’t just for…
According to the ABS, the number of people refinancing their mortgage increased by over 63% in the year to May 2020. Quite often people think the only reason to refinance is to obtain a lower interest rate. However, this thinking is incorrect. Typically, you don’t need to refinance to obtain a lower interest rate (more about…
In my mind it’s important for people to go into property investing with their eyes wide open – which is to say, you should hope for the best but prepare for the worst. Too often I see investors get disillusioned with real estate because they simply have unrealistic expectations about what they’re likely to achieve….
Buying a property can be a real thrill. Walking through open homes, signing yourself up to a significant loan, becoming a landlord – it’s enough to get even seasoned investors a little giddy with the excitement of it all. Then… then the property just sits. And waits. Every now and then you check in and…
It is very hard to predict a moving target. Yet many are trying to, calling the current situation the ‘new normal’ and predicting all kinds of changes, almost all of which go against (and in some cases radically), long term trends. Some of the talking heads – it appears to me – haven’t stopped for…
