Did you know that over 60% of Australian households own a pet? Now what’s also interesting is that many landlords and managing agents have a ‘no pets’ policy on rental tenancies. Perhaps it’s because they think it’s easier to manage a property without pets, or they believe pets might cause damage, but I’ve always been…
Queensland’s property market, particularly Brisbane and the Gold Coast, was among the strongest across the country in 2021 with prices growing in excess of 30% in many locations. Even as growth slowed in other parts of Australia, many of Queensland’s housing markets continued to perform strongly in the first half of 2022 buoyed by strong…
New lending for housing has slowed significantly. In fact, fresh data from the Australian Bureau of Statistics show a further fall of 8.2% month-on-month in September, eclipsing a drop of 3.4% in August. Obviously, the rapidly rising interest rates have weakened lending demand and buyers’ budgets have shrunk as borrowing capacities have tightened, meaning the…
My property strategy is often classed as a long-term investor. Just to make things clear… my philosophy is to buy and seldom sell, rather than to buy and never sell. Why is that? Well, life has a funny way of bringing changes upon us and often there is not much we can do about it. Similarly,…
How can you cut loan costs if you’re stuck with your mortgage? Well, many mortgage holders have recently switched lenders to cut their loan costs. The Australian Bureau of Statistics reports that a record $12.8 billion in owner-occupied loans were refinanced to a new lender in August alone. However, according to Effie Zahos, money expert and…
Global property prices are steadily increasing while Australia’s property price decline has picked up the pace, with Brisbane and Adelaide emerging as our strongest markets. Knight Frank’s latest Global Residential Cities Index has revealed that despite Australian property prices falling from their peak in recent months, the two Aussie cities stand out among the rest….
Believe it or not, there are 10,879,349 individual dwellings in Australia according to the latest data released by ABS, for the year ending 30 June 2022. Their figures showed that Australia’s dwelling stock grew by 146,931 dwellings (1.4%) over the last year. Interestingly the growth in new medium density dwellings was greater than the…
Many investors think that the hardest part of becoming an investor is searching for and finding the right investment property. In reality, that’s only the beginning. Once you own an investment property and become a landlord, you have to learn how to effectively manage it – and a huge part of this is ensuring that…
A Goldilocks investment strategy means that you are making the most of your financial opportunities without overdoing it and taking unnecessary risks. That is, your level of investing is exactly right (i.e., perfectly balanced). Underinvesting means that you risk not having enough investment assets to enjoy a comfortable retirement. Overinvesting means that you have taken…
Have you considered moving back in with your parents? Well, according to Finder’s latest research, more and more Australians are moving back in with their parents as the cost of living continues to spiral. In fact, the survey with 1,058 respondents revealed that 13% of Australians – equivalent to 858,000 households – have had an…
