If you bought your home 20 years ago and didn’t check its value until today, you might be stunned. In all likelihood, you’d find it had doubled in value, then doubled in value again. It’s a classic case of the power of long-term focus—where the ups and downs of the housing markets, the peaks and…
If you are contemplating investing in property, should you buy now or wait? What if prices fall? Maybe you would be better off waiting? As my analysis below reveals, buying for less than market value or at the bottom of the market (i.e. buying well), has very little impact. The price we pay for a property…
I’m often asked what I would do differently if I could live my investing journey all over again. I’ve certainly made my fair share of mistakes along the way and paid huge “learning fees” because of them. However, instead of being defeated, I learned from each error and moved forward a little bit wiser. If…
Are you currently holding an inferior property in your portfolio? Many of our property markets have reached new peaks recently, and many investors have reaped the rewards. While that is certainly great news, it has potentially covered up many mistakes that investors could have made without even knowing. The old saying “A Rising Tide Lifts…
While Melbourne has been Australia’s strongest-performing capital city housing market over the last four decades, it has underperformed over the last couple of years. In fact, over the last 12 months, dwelling prices have basically been stagnant, while many other capital cities have enjoyed double-digit capital growth. Several factors contribute to Melbourne’s residential property market’s…
Have you finally found the perfect property but now have no idea how to take the next step? Don’t worry, like many buyers out there, you’re not alone! To help make things a little easier for you, in this article we get down to the nitty-gritty of making an offer and tell you exactly what…
Have you considered getting involved in property investment even though you’re still relatively young? Want to avoid the minefield that causes around 50% of those who get started in property investment to sell up? A number of years ago Finder.com.au interviewed me for my thoughts on this topic, and one of the things we discussed…
CoreLogic’s national Home Value Index (HVI) recorded a 0.3% rise in October, the 21st month of growth since the cycle commenced in February last year. The subtle positive movement was supported by the mid-sized capitals, led by Perth with a 1.4% rise over the month, offsetting declines in Darwin (-1.0%), Canberra (-0.3%), Melbourne (- 0.2%)…
As Australia contends with an increasingly severe rental housing crisis, a new trend has emerged that could exacerbate the situation—the dwindling number of private property investors. A recent report from The Australian Financial Review warns that Australia has likely reached “peak property investor,” with experts cautioning that the impacts on the rental market could be…
If a picture paints a thousand words, then this collection of charts should do a pretty good job of painting the landscape as it affects our economy and our property markets. Each month the RBA summarises macroeconomic and financial market trends in Australia by providing a detailed chart pack. World Economy Australia’s economy doesn’t operate…
