The debate around negative gearing is once again heating up, with a particular political party of a Green persuasion arguing that abolishing it could be the magic bullet to solve Australia’s housing affordability crisis and housing shortage. “Just slug greedy, rich property investors by reforming negative gearing and capital gains tax and it won’t increase…
In a blog I wrote back in late 2018, I introduced the term liveinvesting. It’s inspired by the concept of rentvesting, where you rent a home in your desired location while investing in property elsewhere. Considering that property prices in certain capital cities like Melbourne are currently more affordable relative to other locations, it’s a good time to…
If you’re apprehensive at the thought of borrowing six-figures (or more) to invest in property, you’re not alone. Here are six of the most common fears that trick people into not investing – and how to move past them.
I began my study of rich and successful people well over 40 years ago Of course, not all rich people are successful, and not all successful people are rich but remember I was much younger and more naïve then and wanted it all. I tried to understand why some people were rich while others kept…
The Australian economy has been a topic of intense scrutiny in recent times, particularly around the challenges the Reserve Bank of Australia (RBA) faces in taming inflation. While inflation typically involves complex interactions between supply, demand, and monetary policies, recent data suggests that government spending and job creation in the public sector are adding fuel…
The Vacant Residential Land Tax (VRLT) in Victoria has been a topic of much discussion, especially among property investors and homeowners who may be affected by this tax. Originally, this tax applied only to residential land in the inner and middle suburbs of Melbourne, but recent legislation has expanded its scope to include all of…
Every asset class comes with its own set of advantages and disadvantages, and property investment is no exception. I often highlight the many benefits of investing in property and offer strategies to become a successful property investor. However, it’s equally crucial to recognise the downsides that come with property investment and think about how to…
The latest national accounts show the Australian economy is struggling. It’s what you would expect after the sharpest series of interest rate rises on record, and is more or less what the Reserve Bank was trying to achieve to bring down inflation. Australia’s gross domestic product grew just 0.2% in the three months to June,…
The Victorian government has granted local councils new powers to limit short-stay accommodation as it moves to introduce a 7.5% levy on properties listed on platforms like Airbnb and Stayz. The government has also granted local councils and owners’ corporations powers to ban or limit short-stay accommodation. The Victorian treasurer, Tim Pallas, said the reform…
What’s your financial time horizon? If you think about it, the average Australian has a very short financial time frame. Often they live week to week and wonder how they’re going to get through financially till the next pay packet. Then there are some Aussies who think about the months or the years ahead. But,…
