Are you thinking of becoming a property investor? If you’re planning on trading the smashed avo and craft beer for a property portfolio, knowing where to start can be challenging – especially if you’re the first in your group of friends to embark on the property investing path. Here are six tips for young investors,…
The median weekly rent value across all Australian dwellings has hit a fresh record high of $627 per week, and rental costs range from $770 per week in Sydney, to $547 in Hobart . Summary of median weekly rent and value change – data as of April 2024 Region Median weekly rent Monthly change in…
The lending landscape experienced another surge in March, marking the second consecutive month of growth as buyers rushed into the market ahead of anticipated cuts to the country’s official cash rate. According to the latest ABS Lending Indicators seasonally adjusted data, the total value of new home and investment property loans reached $27.64 billion in…
As our property markets move into the upswing phase of the property cycle there will be more and more positive news. You’ve probably noticed how the media has changed its message over the last year or so – no more stories about real estate Armageddon or forced mortgagee sales. Now there are stories about strong…
The world of property investing can seem daunting to an inexperienced young hopeful, yearning to get his or her foot onto the ladder – but this needn’t be the case! So, here are my top tips to help you take the first steps to building your real estate empire, without making costly mistakes along the…
Upgrading your home is a very important lifestyle decision that will have a significant impact on your standard of living. However, it is also a very important financial decision. Making wise choices can greatly improve your financial position, but mistakes can be very costly and impair your ability to build wealth. (1) Approach the decision…
I’m sure you’ve heard it said that you should treat your property investments like a business. But what does this really mean when it comes to the long-term management of your asset? Well…here are six top tips on how to manage your property investment portfolio. 1. Be business minded When you fail to plan, you…
It’s fascinating to see how millennials are reshaping the landscape of property investment. Recent data from CommBank reveals that this generation isn’t just actively investing in properties; they’re also confidently navigating this journey solo. In 2023, millennials, those born between 1981 and 1996, represented a striking 46% of CommBank’s new property investors. Gen X followed,…
Today it’s common for couples to purchase a property before they’ve walked down the aisle or even lived together. Naturally, they assume they’ll be together forever, and don’t put a lot of research into the long-term consequences of how their ownership should be structured. So to help better understand this, let’s take a look at…
Anyone who knows me will tell you that I’m not really a risk-taker. I don’t believe in hedging bets or property hot-spotting, and I’m not a gambler or adrenalin junkie. However, I do know how to identify a good opportunity and seize it when it comes my way. I also know a lemon when I…