Would you be surprised if I told you that making millions, or even being a ‘savvy saver’, has more to do with your attitude towards money than how much you make or spend? Those who become wealthy possess certain characteristics that influence their relationship with money. They are more frugal and less inclined to waste…
Do you know how many people own more than one investment property in Australia? Trust me – the answer will surprise you! You see, while there are just over two million investors in Australia, about 75 per cent of them own just one investment property. Only about 18 per cent own two, which rapidly drops…
In recent weeks, state governments have been sending out land tax notices to property investors. The noticeable increase in land tax receipts over the past few years has prompted more investors to reassess their property investments. Furthermore, the surge in land taxes is anticipated to exacerbate the rental crisis. Property investors are likely to pass…
Australia is going through an infrastructure boom. This follows from a building boom and before that a resources boom. Each boom was manufactured by the “Over World” as I like to label them – i.e. those that benefit the most – so that Australia doesn’t fall off the economic cliff or for some other altruistic…
I’ve said it before: it’s always been difficult to buy your first property. No matter whether it was the 1960s, 1990s or now, scrimping and saving for that deposit takes discipline and dedication. Now I admit that with property prices around Australia at new peak levels in many locations, and interest rates still high for…
Despite a challenging interest rate environment, our housing markets continue to experience significant home price growth, driven by a robust demand that outstrips supply. This is even in the face of affordability constraints which would typically slow market activity. A key factor behind this trend is the surge in the working-age adult population, bolstered by…
Have you noticed how some people seem to rise to the top of their chosen field, or journey even higher up the property ladder, while others consistently achieve the same “average” results? In the 1990s, management guru Dr Stephen Covey explained what he believed to be the defining characteristics that distinguish “highly effective people” in…
I’ve had conversations with plenty of discouraged folks who are in their 50s (or even older) and they’re wondering how they’re going to survive in their retirement. They start to question if it’s too late to invest in property. Is there ever a time when you’re just too old? In general, my response would be…
Are great property investors born or made? If you’re like me you were told from a very young age that if you want to succeed at something – be it sport, school, or a musical instrument – that you must put in the time, hard work, and importantly, practice. Most of us learned our timetables by…
From investors to first-home buyers, buying a property can be an exciting time. But it can also be riddled with fear and uncertainty, especially in a market like the one right now where there is uncertainty about interest rates and the supply of property is scarce. Having helped many home buyer clients at Metropole I…
