How long does it take for the price of a well located property to double? Do property values really every 10 years? And what can we expect to happen to the value of the property over the next decade? Let me start by saying that the idea that property values double every 7 to 10…
When it comes to property investing, the noise from the financial media can be deafening. But how much of what they say is really worth your attention? There are many commonly held beliefs about property investing that aren’t only questionable but are also utterly false. Sadly, some investors go through their entire property journey believing…
In recent weeks, a quiet shift has been happening behind the scenes in our financial system. While the Reserve Bank of Australia (RBA) continues to hold the official cash rate steady at 4.35% – at least in the short term- a number of lenders, including five more just this past week, have been trimming their…
Almost every one of the self-made millionaires in my Rich Habits Study pursued their dream despite the fact that they felt they were not ready. “The best time to plant a tree was 20 years ago. The second best time is now.” ~ Chinese Proverb It didn’t matter that they did not know what they…
Do you want more money? Most Australians do. But for most their problem is not earning more money, it’s keeping the money they’ve earned. What are they doing wrong? Well… usually it’s their bad money habits that let them down, so here are 25 personal finance tips you should follow: 1. Start by paying better…
In today’s show, Tom Corley and I chat about a recent blog he wrote called “Everything you need to know about becoming a multimillionaire” , so if that interests you, I’m sure you’re going to enjoy my chat with Tom. Takeaways There are 4 pathways to wealth and we break these down for you Becoming…
If you’re confused about cryptocurrencies, like Bitcoin and Ethereum, as an investment, you’re not alone. What you’re about to read is a property expert’s take on crypto, so I’m not sure if it’s worth more than your hairdresser’s take on physical fitness. I don’t profess to be an expert, but let me give you some…
Being good with money is a skill you can learn. Some people complain they aren’t very good with finances — they argue they don’t have a head for numbers — but I believe everyone can become wealthy if they know how. Part of it comes down to smart investments, sure, but the other, equally important part,…
I expect that the current slower phase of the property cycle to come to an end at which time I expect the value of many properties to increase significantly in value again. I have no idea when this will happen. Now just to make things clear…those aren’t contradictory statements. The first is an expectation, the…
The Albanese government’s re-election has renewed concern about planned changes to the taxation of investment returns in superannuation funds. Labor’s emphatic victory on Saturday night, including what appears to be an increased presence in the Senate, suggests the legislation is likely to become law soon. Retirement income in Australia Australia’s retirement income system comprises two…