Many of our property markets have been improving recently. The sense that interest rates are near their peak and that inflation is coming under control has helped motivate people to buy and sell their property after a period of waiting cautiously on the sidelines. While we are a long way off markets booming but sellers…
If you sell a dud investment property, you may have to pay capital gain tax (CGT), selling costs and then stamp duty again when you reinvest… it can be a very expensive exercise! And if you have owned the property for a while, it is probably putting money in your pocket each month (i.e. more…
You won’t have to look far to hear an opinion on property. From dabblers through to multi-million-dollar portfolio owners, it’s an industry with plenty of advice coming from all corners, and plenty of emotion attached to each opinion. In fact, I’ve often said there are 25 million property experts in Australia But I should warn…
Even though the property market has cooled from its pandemic-induced peak, Australia’s sky-high inflation, soaring cost of living, near-record-high interest rates and tightening lending requirements mean many would-be first-home buyers are still struggling to get their foot onto the property ladder. And those who are homeowners might be struggling to keep up with hiking repayment costs….
In today’s changing property market where there are fewer good properties for sale than there are buyers, there are some who may wonder what are the benefits of hiring a real estate professional to help them in their home search. Other homebuyers figure that in today’s fast-paced world, where answers are a Google search away, and…
After outperforming house values since May 2022, national unit values recorded a milder monthly increase compared to houses in May. Unit values increased 0.9% compared to houses, which rose 1.2% while the quarterly trend also switched in favour of houses, up 2.4% over the three months to May, compared to a 2.2% quarterly rise for…
Australia’s population grew at its fastest rate in more than 13 years in 2022. According to the latest figures released by the Australian Bureau of Statistics (ABS), it grew by a whopping 1.9 per cent in 2022. We recorded an increase of 496,800 people through 2022, driven by the nation’s single largest annual intake of migrants, …
A common question I receive is ‘How much should I invest in property?’ That is, how do you know when you have enough, and should you start investing in other assets? It’s a good question because it invites people to consider their goals and develop a long-term strategy to achieve them. I set out some…
Far too many novice investors falsely believe that their property managers are entirely responsible for their investment properties. They adopt a “set and forget” mindset and blindly hand over the care of their investment to someone who probably is overworked and underpaid! Savvy investors, on the other hand, understand that while they might hand over…
Relationship breakdowns are hard on everyone and particularly so if there is property involved. During such an emotional time, financial missteps can be made which may have long-term implications. So what are the biggest property mistakes people make when a relationship ends and how can you avoid them? Trying to sell under the radar In…
