The final report from the Senate Inquiry into the worsening rental crisis in Australia produced no collective recommendations whatsoever and was a waste of taxpayers’ money, according to the Property Investment Professionals of Australia (PIPA). The inquiry’s final report — quietly released in early December — included a recommendation from the chair for a two-year…
Over the next 25 years, Australia’s population will grow by 9.2 million people. This will take our total population to just under 35 million. Australia’s population growth is driven by two key factors: Natural increase (the difference between births and deaths) For many decades, natural increase has been the major source of our population growth….
Have you ever experienced that situation where you want to get into the property market or add to your portfolio, but the planets just are not aligning? You may start to feel a bit stressed because house prices are booming and that first or next rung on the property ladder seems to be getting harder…
Over the years from 2009 to 2021, the property investment landscape was richly nurtured by the rains of a low-interest-rate environment. But things are very different now! If you look back to 2008 and the Global Financial Crisis, you will find it was swiftly followed by a significant property boom as well as a mining…
Are you eager to create a greater level of wealth? I know a lot of people are reflecting on their personal situations during these times of change and are looking to improve their circumstances. While thoughts are important, the more difficult part becomes how and where to start. I have focussed on 3 key factors…
In an interesting twist on rental affordability, recent PropTrack data reveals that renting a house in Melbourne or Hobart is now less expensive than in Adelaide. Adelaide’s house rents have surged by $60 weekly over the past year, now sitting at a median of $560 per week. This represents a 1.8% increase over the last…
Many people face two financial planning challenges. Firstly, their projected super balance may not be enough to fund their desired living expenses in retirement. Secondly, they would like to enjoy the flexibility of being able to reduce working hours (or even retire in full) in their 50s. Often, the solution to these two financial planning…
Australia’s population grew by 2.4 per cent in the year to 30 June 2023, according to the figures released by the Australian Bureau of Statistics (ABS) at the end of last year. On 30 June 2023, our population was 26.6 million people, an increase of 624,100 people over the year. Putting that in perspective it’s…
Choosing the right investment property is only part of the equation when you’re trying to build your wealth. Managing that property is the flip side of that coin and it really is a whole other ball game. As a landlord, you will need to keep up-to-date on maintenance, financials and the real estate market in…
Insurance is one of those things that some people mistakenly think isn’t worth the cost. Unfortunately, that’s why too many people choose not to take out appropriate insurance cover to insure their assets as well as their incomes. Thankfully, when it comes to insuring their homes, most Australians wisely choose to do so. And for…
