In an unexpected turn in the Australian property market, Adelaide and Perth are now nearly as pricey as Melbourne for the first time in up to 15 years, according to recent data. According to the latest CoreLogic Home Value Index, Adelaide’s median dwelling price jumped to $734,173 in March, a 1.4% increase, while Perth’s median…
New data reveals the Australian suburbs in each State where house price growth has outperformed the rest over the past 12 months. PropTrack data highlights suburbs with the strongest growth in values over the past year in each statistical area 4 (SA4) region, which are geographical areas defined by the Australian Bureau of Statistics with a minimum population…
Australia’s housing crisis is putting the Australian dream of owning one’s home out of reach for many. But it’s not just home ownership that has been affected. Rental affordability has also become a serious issue. This has reignited the debate about negative gearing; whether or not it is fair and whether it holds the key…
Q: I am a dual-national Australian citizen living and working in the UK. I was born in the UK, am Australian by descent and recently returned to the UK after nine years and nine months living in Sydney. I sold my principal place of residence in Sydney to purchase a new principal place of residence in…
Recently one of my nephews, who has taken a keen interest in property investment, asked: What’s the worst advice you’ve ever been given on real estate investing and what’s the best advice you could give me? The worst advice I explained that the worst real estate investment advice I was given was that property investment…
If just one state of Australia, New South Wales, scrapped its stamp duty on real estate transactions, about 100,000 more Australians would move homes each year, according to our best estimates. Stamp duty is an unquestioned part of buying a home in Australia – you put your details in an online mortgage calculator, and stamp…
From granny flats to kitchen renovations and even new driveways, Aussies love to look for property upgrades that will increase the overall value of their property. After all, renovations are a great way to make your home more functional, comfortable and liveable. Have you ever wondered if adding a swimming pool is one of the…
“Rapid population growth – at rates above 2 per cent, common in most developing countries today – acts as a brake on development. Up to a point, population growth can be accommodated… but the goal of development extends beyond accommodation of an even larger population; it is to improve people’s lives. Rapid population growth in…
It is a common misconception that insurance covers absolutely everything. Landlords may think they will be reimbursed by an insurer for any kind of rental loss or damage. But, this is not the case. Why? Because the overload in risk would make insurance unaffordable. Insurers need to strike a balance between providing cover for the…
How do I invest? What approaches do I use and which strategies do I use? Those questions were recently put to me by a journalist wanting to write a feature article. He also asked what’s been the “secret” to my success in building a very substantial property portfolio and having succeeded through multiple property cycles….
