Aussies are focussing more on their outgoings, prioritising essentials and cutting back where they can according to a recent report by NAB. Clearly, the cost of living is steadily rising in Australia and is becoming a key issue for consumers. Rising inflation has been the key driver, with Australian consumer prices rising by 5.1% over…
First home buyers in New South Wales will be able to avoid paying stamp duty when they buy a property from January 16 next year, under a new government plan. Instead of paying the lump sum, eligible first home buyers purchasing properties for up to $1.5 million will be able to choose to pay an…
Essential workers in New South Wales, including teachers, nurses, and police officers, will be helped to buy a home under a new government housing scheme. Premier Dominic Perrottet announced a new $780.4 million shared equity scheme on Sunday which would see the government contribute an equity share of up to 40% for a new property…
A 40-year high in inflation, rising interest rates, talk of our property markets crashing, and our economy falling into recession. Then there’s Russia’s war with Ukraine. A spike in energy prices, and a skyrocketing jump in the price of oil. Supply chain problems. Excessive government spending. Exploding government debt. A huge increase in the nation’s…
If you’re building or renovating a home and are frustrated with huge delays, you’re not alone. Australia’s builders are struggling to find timber. For items such as laminated veneer lumber – used for frames and beams – they’ve reported waiting up to four months. For trusses – used to build walls and roofs – up…
Since the announcement that the country would welcome back overseas migrants and students, there has been a shift in interest in the unit market, particularly in the centre of our major cities. Eleanor Creagh, senior economist at REA Group, has pulled data for 13 charts to show the current state of Australia’s unit market and…
Soaring house prices in New South Wales in recent years have provided homeowners and investors with the quickest and sharpest equity boost in history. A year ago, house prices were rising 46 times the current pace, and at the same time unit prices were also increasing – this indicates that Sydney’s steepest upswing on record…
If you want to become a more successful property investor, today’s show is just for you. I’m going to discuss how to become more successful as an investor by discussing two separate concepts with you. Are all those other investors crazy? The ones who don’t reach success? We’re going to have a talk about that….
Buying a property, whether it’s your first or your fifth, is a well-established pathway to long-term prosperity. It’s a brick-by-brick journey to building personal wealth and it requires patience and discipline to achieve your goals. But acquiring property isn’t just about selecting an asset and sitting tight. In fact, building a portfolio is a strategic…
How bad will the property downturn be? That’s a question I get asked a lot at present, and the answer is… Well… it depends! We have now entered the next phase of the property cycle, one where the market is cooling and prices are adjusting. While property prices will correct in some locations, they’ll…