Typically, you need a budget of circa $1.5 million to purchase an investment-grade house (investment property) in Melbourne, less in Brisbane, and a lot more than $1.5 million in Sydney. Of course, not everyone can afford this budget, so I wanted to discuss how to buy the highest quality property possible within your budget. This…
There are three things that we need to achieve happiness in life… Someone to love Something to believe in, and Someone to blame when things go wrong. Enter the property investment guru… Cashing in on these major needs, this dashing species has all of the hallmarks of success A rags to riches story that is…
The right of everyone to have a say in development is at the heart of modern urban planning. But as homes become ever more expensive, questions are being asked about whether it is OK to oppose housing developments in cities. Battlelines are being drawn between so-called NIMBYs – people who say “Not In My Backyard”…
When it comes to investment, we’ve all heard about the concept of compound growth. It’s the powerful snowballing effect caused by growth upon growth. It’s the ability for money to grow in value by ever-increasing multiples of itself, which, over time continually gets larger and larger. Thanks to the power of compound interest, for example,…
Once you start looking for property you’ll come across a whole new group of fancy words used. The Real Estate Institute of Australia collated the following list of terms often used in the real estate industry, you may find useful: ABSENTEE LANDLORD – An owner or sub-lessor who does not reside in the place or…
Working from home (WFH) is a type of flexible working arrangement that allows an employee to work from a remote location outside of corporate offices. Before COVID-19, just 13 per cent of people aged over 18 with a job reported WFH all or most days. Since the pandemic, however, this trend has shifted significantly. According…
Let’s dive into some intriguing numbers about where Australians are living now and where we’re headed in the next decade. First up, check out Table 1. Some 7.8 million children – a whopping 30% of the population in 2021 – were living at home with their parents. Just under four-fifths (77%) lived with their coupled…
Landlords are soon to be banned from evicting NSW tenants without “reasonable grounds” In fact, landlords could be fined for making up a “non-genuine reason” for evicting a tenant under New South Wales laws to scrap no-grounds evictions. The NSW premier, Chris Minns, said his government aims to introduce legislation to end the practice in September, fulfilling…
Are you starting out in property investment or perhaps looking to expand your existing portfolio? What fee will you choose to pay? Hopefully none, I hear most people say. But be careful…in my mind there are 3 fees you could end up paying over the life of your property journey. While some are obvious and…
Today’s online real estate listings are much more sophisticated than in years gone by. There are plenty of pretty pictures, floor plans and even walk-through videos designed to attract oodles of potential buyers. But just because there are more visuals than there used to be, it doesn’t necessarily mean that the words that go with…
