Property stakeholders often feel a little nervous about a bank valuer visiting. After all, valuers show up, poke around and then send a verdict to the lender about whether the price paid, or estimate made, ‘stacks up to market’. It can feel like there’s bad news pending, particularly in a softer property price cycle like…
In today’s show I’d like to remind you of some of the foundational principles I use to grow my wealth. I’ll discuss things that “always worked” rather than things that are working now. Now to be clear… this is very different from most of what you hear in the news, which basically focuses on short-term investment…
Infrastructure Victoria has released a draft 30-year plan outlining how the state can grow sustainably. It focuses on key areas like transport, housing, energy, and public services to support a growing population and improve liveability. The plan also suggests ways to make the state’s infrastructure and tax system fairer, more efficient and more sustainable. The…
The use of Self-Managed Superannuation Funds (SMSF) has skyrocketed over the past decade. Among the many reasons for this increase is the ability to purchase residential property in your SMSF with borrowings – debt via what’s called a Limited Recourse Borrowing Arrangement, or LRBA. In essence, the LRBA structure allows an SMSF to borrow and…
As a landlord, it’s important to know your responsibilities around methamphetamine contamination – both for your tenants’ safety, and to ensure that you’re adequately covered. So what is methamphetamine? Methamphetamine, commonly known as ‘P’ or crystal meth, is a toxic and addictive drug. Side effects of its use can include mood swings, paranoia, aggression, anxiety…
One day Mr Shoaff said, “Jim if you want to be wealthy and happy, learn this lesson well: Learn to work harder on yourself than you do on your job.” Since that time I’ve been working on my own personal development. And I must admit that this has been the most challenging assignment of all. This…
In this episode, Brett Warren and I discuss the intricacies of property investment, focusing on the importance of strategic planning, understanding investment-grade properties, and the role of buyer’s agents. We delve into the seven-stranded approach to property investment, share case studies of successful purchases, and provide insights into navigating off-market opportunities. The conversation emphasizes the…
When it comes to property investment, the allure of buying multiple lower-cost properties with high rental yields can be tempting. But if you’re serious about building long-term wealth, the strategy of acquiring one high-quality, investment-grade property generally yields far better results. Here’s why focusing on quality over quantity is a smarter approach to building wealth…
Let’s have a chat about Aussies and their savings habits. It’s a topic that often comes up, especially when we’re thinking about financial security and future planning. Average savings across the board On average, Australians have about $37,408 tucked away in their savings accounts. However, this figure can be a bit misleading due to the…
The goal for most investors is to accumulate enough wealth so their investment assets generate sufficient passive income to meet living expenses. If this happens, it is no longer necessary for you to work for an income and you then have complete discretion over what you do with your time. Wouldn’t that be wonderful! However,…
