A key financial goal for most people is to eventually repay their home loan. Last year I outlined 3 questions you must ask yourself to determine whether repaying your home loan is your top priority – see here. The internet is filled with countless ideas on how to repay your home loan faster. However, many of…
I was motivated to write this blog for two main reasons. Firstly, I observed several buyers’ agents on social media proudly advertising short-term capital gains. One instance caught my attention, where a buyers’ agent claimed to have purchased a property for a client 18 months ago for $435,000, asserting its current value at $510,000, implying…
Deciding to sell a property, whether it’s an investment or your own home, is a big step. You might be planning to upsize, downsize, relocate, or let go of an investment; regardless of your motivations, selling your property comes with a lot of considerations. Choosing the right real estate agent is key in helping you…
Australia’s housing crisis has been a topic of intense discussion and concern over the last year. In an ambitious response, the Federal Government, along with the New South Wales and Victorian Governments, have set targets to deliver a substantial number of new dwellings over the next decade. But are these targets feasible considering Australia’s historical…
Properties in some Aussie suburbs are being snapped up at record rates as issues of scarce supply and high demand continue to strain the market. Recent Ray White data reveals that time on the market (how long it takes to sell a property) is still significantly higher in most cities across the country compared to…
It’s a bold statement, but it’s true. For some of you who are reading this right now, 2024 will absolutely be the worst possible time you could consider buying a property. There is the spectre of interest rates and inflation remaining higher for longer than we hoped, the continual media coverage predicting economic challenge, some…
2024 looks set to be another year of rising rents, stalling supply and intense debate over how to respond to the housing crisis. Occupying an increasingly prominent place in that debate is the YIMBY movement. Short for “Yes, In My Backyard”, YIMBY is a play on the well-known pejorative NIMBY, which has long been applied…
If you’re currently renting, this might sound all too familiar. However, for those who haven’t been part of the rental market for some time, the following revelation might come as a surprise: Over the past quarter-century, there’s been a significant shift in Australia’s rental market demographics. High-income households are increasingly opting to rent, creating a…
Common wisdom seems to suggest that you should diversify your investments. But is this correct? In my opinion, it is wrong, in fact, I remember reading Napoleon Hill’s great book Think and Grow Rich many years ago where he also said that successful people specialise in one area they don’t diversify. On the other hand,…
The Reserve Bank’s decision to hold the cash rate steady at 4.35% in March wasn’t surprising. Many are betting on a downward trend in interest rates soon, though the exact timing remains a mystery, with some commentators now, believing it will be later in the year, initially hoped for. According to PropTrack’s Senior Economist, Eleanor…
