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…
Australia is once again the top spot for attracting the most net millionaires, and there’s a major reason why they’re all choosing to come here. New information from the Australian Treasury, real estate experts, and PropTrack reveals a strong increase in international interest in Australian homes. In fact, NAB’s latest Residential Property Survey of real…
A lot of people think they’re property investors, but they’re kidding themselves. Instead, they’re playing at being investors. I see this a lot with the self-employed, too. They like to think they’re in business, but again, their processes, their mindset, and their inability to scale their operations show they’re just ‘playing pretend’. Anyone who’s taken…
When your deposit is less than 20% of the value of the property you’re buying, a lender is going to charge you a hefty lender’s mortgage insurance (LMI) premium to reduce its risks. LMI is one of those extra costs that often catches home buyers by surprise, particularly first-home buyers. It can cost thousands of…
Over the 5 decades I have been involved in real estate I have had the privilege of working with many successful property investors. In that time I have seen some who I thought smarter than I fall by the wayside when their decisions proved to be wrong and I have carefully observed those who have…
It seems we have become a nation of “experts.” Just check your inbox or turn on the television and there they are. Experts on politics who have never run a business, let alone a country. Experts on football, even though they couldn’t run from one side of the field to the other. Experts on celebrities…
