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The Australian Bureau of Statistics (ABS) released its residential property prices indexes for the March 2017 quarter. A valuable data set from the release relates to the value of dwelling stock and the number of residential dwellings. Both of which have increased over the quarter. When this data is paired with data from the Australian…
While a growing proportion of Australians believe the ‘Great Australian Dream’ of property ownership is becoming increasingly difficult to achieve, it is not impossible. 72% of Australians believe if they don’t get ‘money-smart’, they will be left behind financially, so many buyers are using different tactics to get on the property ladder and, eventually, into…
We’ve now had two months of data that reportedly shows that Sydney property prices are falling. But what does that really mean? After nigh-on five years of spectacular growth, is Sydney’s market teetering on the edge of a property abyss? Some naysayers would say, “Yes, Sydney is about to burst like the over-inflated bubble that it…
Housing in Australia is unaffordable – everyone knows that. Or at least that’s what you’d be led to believe with all the talk in the media, measures introduced Federal Government in the recent budget and the First Home Owner incentives being introduced by a number of State Governments. But let me ask you a different…
The rich are not necessarily happier than normal folk all the time, but I bet they are happier more often. That’s because money does make a difference to people’s lives. It removes a lot of our worries and allows us more time to spend with our families or on activities that make us happy. Likewise,…
Lines of credit on home loans have been around for a while now and are not a new product in the mortgage marketplace. However, the problem is that it can be tempting for borrowers to use them as a cash machine that they never have to repay. So what is a line of credit and…
Because I live in the mountains where the weather changes often, I’ve never really relied on forecasts. Instead, I prefer to look out the window to see what’s happening outside. My low-tech approach made sense for years. But my strategy — and the jokes about weather forecasters — may one day be a thing of…
We all have our opinions about millionaires and the rich. I’d like to challenge some of those opinions and show you some things you might not know about millionaires. It’s not about luck, fancy lifestyles or greed. It’s about developing a mindset that sets you apart from the rest. Here are 10 game-changers that…
Population growth picks up It was only in February last year that we saw the Australian resident population clock pass 24 million. Today, the population clock quietly ticks past 24,500,000. The population clock presently assumes an increase of one person every one minute and 22 seconds. So what does this mean for Australia median house…
It’s been a couple of weeks since the federal budget announcement and since then we’ve had some time to review how the proposed changes relating to plant and equipment deductions will affect property investors. Although we are not expecting the legislation to be finalised anytime soon, we have been talking with government with the aim…
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