We’re at the beginning of a new year, a time when many people start thinking about how to make this a great year. Every year, millions of people make New Year’s resolutions, hoping to spark positive change. The recurring themes each year include a more active approach to health and fitness, improved finances, and learning…
One of the biggest changes over the time I’ve been investing in property is the abundant availability of property research data. Today there’s a plethora of statistics offered about Australia’s property scene – median house prices by the year, the quarter, the month or day, median advertised rents, rental vacancy rates, auction clearance rates, days…
Imagine the dentist has just said you urgently need a $2,000 dental crown. A week later, a pipe in your bathroom bursts, causing $8,000 worth of damage. Suddenly, you’ve been hit with a $10,000 financial shock. As the cost-of-living crisis plunges more households into financial uncertainty and at least one-third of Australians struggle to make…
As we move into 2024 — can you believe another year has passed so quickly — it’s a good time to sit back and look at how your money is working for you. How have you gone with your finances last year? Sure it was a strange year, but how are you doing financially? Did…
With cost of living pressures top of mind, new consumer research released by Commonwealth Bank reveals Australians are looking to reduce expenses, increase savings and lift their incomes as part of their New Year’s resolutions. The research highlighted: 9 in 10 (93 per cent) Australians have a financial goal for the New Year 1 in 2…
![Build Your Wealth Like the Most Successful Building Tycoons [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2015/07/blox-hi-res-270x200.jpg)
Every day, we pass through buildings, hop aboard trains, drive across highways, and traverse structures in our lives without stopping to think about what it took to build them. The developers behind these structures aren’t just expert architects and engineers — in many cases, they’re multi-billionaires who’ve not only built some of the most impressive…
A few weeks ago, I discussed the limitations of using monetary policy – increasing interest rates – to tackle inflation. I highlighted that only 37% of Australians have mortgages, so they are the only ones that are directly affected by higher rates. Conversely, around 30% of Australians without mortgages benefit from higher interest rates as they earn…
Today, I want to talk to you about your worries. After all, who doesn’t love worrying? Thousands of years ago, it was part of what kept humans alive. Is that a lion in the bushes? Was that a tiger? Nine times out of ten, there probably was no large-toothed animal about to pounce. But worrying…
If there’s one thing I’ve learned in my many years of business, it’s that change is the one constant. Just when you think things are settled, something will happen to upset the apple cart. Investors and entrepreneurs may think this is only happening to them, and that it’s their bad luck. It’s not. It’s the…
I’m going to assume for a minute that you’re one of the millions of people who have a recurrently frustrating relationship with spending. It probably starts with a commitment to sticking to your budget, and you do for a few days. Then, despite your resolve, you break down, pull out the credit card and do…
