When it comes to investing your hard-earned cash, there are many investment options available – but my favourite is property. In my mind, if you want to develop financial freedom, you need to choose an investment vehicle that will generate wealth-producing rates of return. I know of no better option than property based on its…
There are few investments quite like buying a home. However, maintaining a property comes a close second, with regular upkeep required to ensure its value does not drop in the long term. This maintenance may be beneficial for a consistently comfortable living environment, but it is best used to enhance the curb appeal and resale…
Median prices have dropped in some of Australia’s posh neighbourhoods over the past year, but this doesn’t necessarily mean it’s a buyer’s market for those seeking a bargain. Nor does it mean that all properties in those suburbs have fallen in value. In fact amongst the myriad property statistics available these days median price is…
Now that our property markets are on the move no Sunday morning is complete without checking the weekend clearance rates, especially for property pundits in Melbourne and Sydney. That’s because the auction results are a timely gauge of conditions of what’s going on with the housing markets especially in our in our 2 big capital…
If you’re planning to sell your home adding value to your property doesn’t need to cost a small fortune. If times, and the purse strings, are tight then there are still things you can do to boost buyer appeal or even generate some more equity without breaking the bank. While a major renovation can add…
The recent decision by the RBA to raise interest rates may have surprised some people. While some argue that rates have already increased significantly and coupled with rising living costs, this could eventually control inflation, it is important to recognise the persistent threat that high inflation poses to an economy. Furthermore, central banks aim to…
A new report forecasts that overall capital city asking rents will rise by between 7% to 10% next year. According to Louis Christopher’s Boom and Bust report Perth is expected to record the largest increase in market rents of 12% to 15%. While Canberra is forecasted to record the largest declines of -6% to -2%. According…
Property interest payable on dwellings increased from $45 billion to $91 billion in the 2023 financial year, more than doubling in recording an increase of +102 per cent. Good news for banks, I guess but will most likely be crippling for household expenditure, consumption, and retailers over the next year… Gross incomes per capita increased…
The ABS has just released data on the number of babies born in Australia in 2022, and the associated fertility rate. The 2022 calendar year saw 300,684 births registered Australia-wide, which was a decline of just over 9,000 from 2021, and about 15,000 below the peak recorded in 2018 of 315,147 – the largest number…
Everyone knows that location is critical when selecting an investment property that will outperform. But what makes a good location and why are some locations better prospects than others? When I started investing around 50 years ago the emphasis for homebuyers was largely affordability and proximity to infrastructure. The outer fringes of our capital cities…
