![How long will it take me to become financially independent through property? | Common investor mistakes [Video]](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/07/invest-270x200.jpg)
Today we discuss how long (and why) it takes a property investor to become financially independent. You may not like the answer. This is part of a series of How to Avoid the Common Investor Mistakes videos, so that you won’t make the same errors in the beginning investors to. Watch as we explain: It…
It’s no real surprise that the PropTrack Home Price Index shows that home prices continued to fall across the country in September. However it was the smallest decline since prices began slipping in April. Sydney and Melbourne prices fell only 0.18% and 0.29%. And of course not all the nation’s property markets are being impacted equally….
Are you looking to buy a new home or investment property? Well, don’t make the same mistake many buyers do and overlook identifying hidden problems that you may overlook in your excitement. I remember reading a survey by St.George Bank a few years ago that showed the average Australian home buyer spends more than seven…
In property investing circles it’s often said that you make the money on the deal when you buy. Most people think this means that if you buy a property “under market value”, then it’s considered that you made a profit on to the way into the deal, keeping you one step ahead of the game. Now…
Buyers are in an excellent position when it comes to negotiating a private treaty sale – but what about properties for sale by auction? Should you wait patiently until the big day, fingers crossed and ready to bid? Or should you take the plunge and make a pre-auction offer, in the hope that you’ll save…
There’s lots of talk about property values plummeting, but what’s really going on? The Real Estate Institute of Australia (REIA) President, Mr. Hayden Groves confirmed that their latest Real Estate Market Facts found that Australian housing prices fell over the June quarter as rising interest rates and inflation impacted affordability, but not all cities and…
I keep careful track of consumer confidence because it’s a good indicator of what’s ahead for our economy and property markets. And currently, consumer confidence is up by 1.8pts to 87.8 – the highest in nearly four months since late May this year. This increase has mainly been driven by improving sentiment in regard to…
Predicting the future of housing is a science many experts get wrong, probably because they are looking in the wrong direction. Virtually all of the common housing market forecasting methods we use rely on the past to predict the future. These include: the property market cycle of endlessly recurring booms and busts, the long-term growth…
Melbourne’s property market was hit hard by the city’s multiple and extended Covid-19 lockdowns throughout the height of the pandemic, but now buyers are back in force. The city’s 260-day lockdown and high property prices saw Melbournians flee our southern state in huge numbers, losing 4,864 people in the March quarter of 2021 alone. Prior…
In mid-2021, I wrote this blog: “Don’t buy a property in this market…” because, at that time, many property buyers were over-paying for a property just to get into the market. I call it the FOMO premium, for lack of a better term (more about this below). My thesis was that since it’s never wise to allow…
