Common wisdom seems to suggest that you should diversify your investments. But is this correct? In this series of short videos, we discuss the common mistakes we’ve seen investors make, because the more you know about the most common mistakes that investors make, the better your likelihood of building lasting wealth. Today we discuss why…
Property sentiment has rebounded sharply, reflecting both the lift in economic activity over the past few months, as well as stronger confidence in the outlook for next year. Commenting on the findings of the latest ANZ-Property Council Survey, ANZ Senior Economist, Felicity Emmett, comments: Falling mortgage interest rates and targeted stimulus are clearly helping to support…
Despite an initial slump in housing finance through the beginning of the year due to the COVID-19 pandemic, the year to October 2020 saw a remarkable 14.5% lift in the volume of finance secured for the purchase of property, according to ABS lending indicators. This was mostly driven by a $15.8 billion increase in lending…
Nationally, housing market values did not see the large decline anticipated at the start of the COVID-19 pandemic. Though performance was mixed across the state and territories, the national housing market had seen a -0.8% decline in the June quarter, which deepened to -1.7% in the three months to August. However, in recent months the…
Are you waiting for a sign that the property market has turned? Well, I have 5 for you. If you thing about it most investors, economists, pessimists or otherwise, are keen to tip the turn of the market. Especially when that turn is upwards! It is almost like they are waiting for a bell to…
What happens when you dissolve a trust? Do you need to pay stamp duty and Capital gains Tax is you then transfer the trust’s assets to your personal name. That’s the question I was recently asked by a reader of Property Update – so here’s the Q&A Question: I bought a warehouse/office in the mixed-use…
As Reserve Bank Governor Philip Lowe warns that Australia’s recovery from recession will be “uneven” and “bumpy”, new data from Roy Morgan shows the financial impact COVID-19 has had on Australians and also shows how people who have suffered negative changes to their employment during the COVID-19 pandemic have fared far worse than others. Almost…
The resilience of real estate was proven yet again as property prices rose over the year. And now all the forecasts for 2021 seem very positive. But what can we learn from how our property markets emerged from previous economic downturns? Looking back you’ll find that median house price growth was very strong as you’ll…
The Reserve Bank has just released its latest credit and charge card data, revealing Australians have knocked $7.68 billion off personal credit card debt accruing interest this year. Over the same period, businesses have cut $401.7 million from credit card debt accruing interest. This brings the total reduction in credit card debt accruing interest for…
Life after coronavirus will never be the same as before. We’re waiting for a new beginning, and the forecasts for 2021 are starting to appear one by one, and some of them are more optimistic than others. Today, I’d like to share two sessions with you that will help you make the best of 2021….