Labour’s $10 billion Housing Australia Future Fund (HAFF), which plans to build 30,000 new social and affordable rental properties in the next 5 years, is yet another government scheme that falls short of any real solution to Australia’s rental crisis. Once established, the government expects that the fund will generate returns which will then be…
My property strategy is often classed as a long-term investor. Just to make things clear… my philosophy is to buy and seldom sell, rather than to buy and never sell. Why is that? Well, life has a funny way of bringing changes upon us and often there is not much we can do about it. Similarly,…
What will your home be worth in two year’s time? Well, despite higher interest rates and existing affordability challenges, property prices in many parts of Australia could increase by over $100,000 in the next two years according to analysis by PropTrack data and KMPG property forecasts which indicate that much of our housing market is…
If you want to become a successful property investor you really need to understand the five levels of investing which is a model I’ve created to explain the progression most investors take in their path to developing financial freedom. Just to make things clear…this has nothing to do with your level of income. I’ve seen…
Australia has entered a new phase of the property cycle – the recovery phase, something that doesn’t happen very often. Markets have begun to shift and prices adjust at a time when many property owners are battling steep interest rate rises, high inflation, and low consumer sentiment. For example, the rising cost of living and…
As Australia’s population soars, living or investing in strata complexes has become an increasingly popular option for people of all ages and walks of life. It’s estimated that at least 16% of Australia’s population lives in strata-titled properties, with this figure expected to continue growing rapidly in the coming years. While strata living continues to…
Buying a home is a major life experience, filled with excitement, happiness, and pride. But sometimes it can also be fraught with stress and fear, consuming too much of your precious time, money, and energy, particularly without the right professional guidance. Choosing the right property for your family comes down to knowing what you need,…
What’s ahead for apartment vacancy and rent? Well, new data from CBRE research found that median rents are expected to grow by $120/week (+26%) between 2023-2028, across 53 precincts in Australian capital cities. In fact, a number of precincts are likely to see mid/high 30% rental growth. It is also expected that capital city vacancy…
The latest PropTrack Home Price Index revealed that the 2023 price upturn is firmly entrenched with home prices hitting fresh record highs in many markets in October. Clearly, price growth has accelerated since 2022. According to PropTrack’s data, in the year to October 2022, national home prices had risen just 0.19% after falling 3.68% from…
One of the most common quandaries every tenant and landlord finds themselves in is, “Who should foot the bill when it comes to repairs and maintenance?” As a tenant, you might be wondering, At what point should I stop fiddling with the wrench and call in a professional? Or as a landlord, you might be…
