Plenty of investors make the mistake of buying into the hype that is government infrastructure spending. They incorrectly assume that better roads, schools and facilities will boost the value of their property and help them achieve financial security. However, as I outline in this article, this can be a costly error – and it’s one…
As a property investor have you considered who may be the driver of a property boom or property bust? Have you considered why this may be important to understand? For starters, you don’t want to buy something that could lose significant value. So, it may be beneficial for you to understand the drivers at play…
Property repairs and maintenance are a leading cause of argy-bargy between landlords and tenants (and not a lot of fun for the property manager in the middle). Why? Because often the parties are unclear who is responsible for what. Ask landlords, tenants and property managers what is the number one bone of contention at a…
In June, national home prices continued their upward trend, marking the sixth consecutive month of increase with a further 0.3% rise, according to PropTrack’s latest data. This positive momentum has brought national home values to a point where they are now only 0.1% below their levels from a year ago. Consequently, it appears that the…
Sales of new homes have continued to fall sharply following a year of cash rate hikes. Of course this has come at a time of a general undersupply of residential real estate both for sale and to rent, exacerbated by strong immigration numbers. The latest HIA New Home Sales Report revealed that sales of new…
The latest report from PropTrack revealed that new loan commitments increased by 4.8% in May 2023 to $25 billion. This means that property buyers are becoming increasingly active even after 12 interest rate rises since May 2022. The report also showed that investor lending picked up the most, with a 6.2% increase, while owner-occupier lending…
If you want to get the best deal on a property, it’s going to take more than writing an offer and crossing your fingers it gets accepted. Effective negotiation isn’t rocket science, but it does require knowledge, effort and a fair amount of patience. Before you start offering purchase prices to agents, make sure you’re…
With the rise of the sharing economy, the accommodation industry has seen a significant disruption. The primary catalyst behind this disruption is Airbnb, a platform that has reinvented how people travel and invest in real estate. The desire for more cashflow has prompted some landlords to ponder whether they should list their properties on online…
Most of the time, well almost always, when you hear about a change in dwelling values, it reflects prices achieved at sale. Homeowners often misinterpret what this means to them. Many think, that if say, the median value of dwelling sales fell by say 5% over the past twelve months (for example), that their home…
When was the last time you went on holiday? For some that may be a touchy subject, as many Aussies were restricted in their movements over the last few years But now that the borders have opened again and holidays are back on the agenda, I would suggest there will be a similar process involved…
