Most of us have heard about the concept of compound growth, the snowballing effect caused by growth upon growth. You know the kind of thing: – If you could fold a piece of paper 42 times it would reach the moon; or – 24 rabbits in Australia became 2 million in only a decade; or…
Have you ever wondered what property goals the average investor is striving to achieve? And whether your goals are conservative or ambitious by comparison. Well, I’m going to give you a peek behind the scenes into the most common property goals I hear from beginning investors and real estate goals I hear from experienced investors….
The combined value of Australian housing rebounded to $10 trillion at the end of August, the first time the total estimated value hit double digits since June 2022. The increase resulted from a combination of higher values, with the median home value in Australia reaching $732,886 at the end of the month, and the stock…
There is a saying that success breeds success and this is no different for property investors. The vast majority of successful investors that I have met over my many years in the industry have shared many traits and commonalities. They all also share a desire to provide a better life for themselves and their families…
If you invest in residential property, how can you be sure that it’s going to work out for you? The media talks about a property boom or even a bubble, whether the government should abolish negative gearing, the RBA’s warning banks to not be too exuberant to lending money and so on. There’s lots of…
As a property investor have you asked yourself, what is it you really want? I speak with hundreds of investors each year and their initial response is that they want a property. Perhaps it is their first property or possibly the next property to add to their portfolio. But that can be a very superficial…
It’s good news for Melbourne’s housing supply crisis as the number of properties listed for sale has surged over the past month, but high listings volumes also raise red flags for some areas. New CoreLogic data shows that sales activity in Melbourne picked up over August, cooling price growth. Listing volumes across the city far…
The Block has begun its 19th season this month, billed as “a Block that’s entirely relatable to people right around Australia”. This year, contestants renovate five “authentic ’50s dream homes” in “the perfectly named Charming Street, in Melbourne’s Hampton East”. But if the median price for a four-bedroom house in Hampton East is around A$1.6…
It is little surprise that many are calling for fewer overseas migrants. This is what happens when over 400,000 people arrive in Australian in one year from overseas. This is especially the case after a lockdown when the country lost 85,000 residents during 2021. This chart 1 shows the rise and fall in net overseas…
The number of properties sold without a mortgage jumped sharply during the second quarter in Australia’s three largest states, with cashed-up buyers flocking to Melbourne CBD’s apartment market, new data reveals. The number of homes sold without a mortgage has risen 24.3% in Victoria, 31% in NSW, and 14.4% in Queensland, according to a PEXA…
