I recently celebrated a another birthday. I won’t tell you how old I am, but nowadays my candles cost more than my birthday cake! As I’ve been investing in property, and some would suggest rather successfully, for over 5 decades, I’d like to share some of the most valuable investment lessons I’ve learned over that…
It’s fascinating to see how millennials are reshaping the landscape of property investment. Recent data from CommBank reveals that this generation isn’t just actively investing in properties; they’re also confidently navigating this journey solo. In 2023, millennials, those born between 1981 and 1996, represented a striking 46% of CommBank’s new property investors. Gen X followed,…
Today it’s common for couples to purchase a property before they’ve walked down the aisle or even lived together. Naturally, they assume they’ll be together forever, and don’t put a lot of research into the long-term consequences of how their ownership should be structured. So to help better understand this, let’s take a look at…
We currently have a shortage of houses for rent or to buy, and this is causing prices to rise and rents to skyrocket and the housing crisis, the likes of which I’ve never seen in my 50 years of investing. Of course, the main underlying factor leading to this challenge is that we are not…
Australia is home to some of the most liveable cities and most beautiful beaches in the world, but now our nation is considered one of the world’s richest. According to new data from Founder Pass, Australia is ranked at number 8 for the world’s highest salaries. The ranking shows that Australians have a monthly average…
Australia is full steam ahead through the next phase of the property cycle, but supply issues continue to weigh heavy on the market. The lack of available properties is a market-wide issue, but there are some suburbs where homeowners are holding onto their properties for a record length of time. Meanwhile, in other areas properties…
There’s a noticeable shift in the Australian rental market with high income earners squeezing lower income earners in the rental market, according to a paper by the Australian Housing and Urban Research Institute (AHURI). Higher-income earners, those making $140,000 and above per year in 2021, grew from 8% of the private rental market in 1996…
Just when we think the price of rentals could not get any worse, this week’s Rental Affordability Snapshot by Anglicare has revealed that low-income Australians are facing a housing crisis like never before. In fact, if you rely on the Youth Allowance, there is not a single rental property across Australia you can afford this…
We know we are experiencing a housing crisis, due to a shortage of dwellings to buy and rent and this has, in part, been brought about by challenges within the residential construction industry. Capacity constraints, rising costs, and tight housing supply have driven up prices for existing homes and rental rates. PropTrack examined the significant…
Australia’s national property prices reached a new peak in March, having lifted for 14 consecutive months in a row. The latest PropTrack data shows property prices have increased 1.57% so far this year to sit 6.79% above March 2023 levels. Compared to that 6.79% property price growth, wages grew at a (still impressive) 4.2% over…
