Success is no accident. The most successful people in life may not always seem like they have much in common. How are The Beatles similar to Steve Jobs? Or Warren Buffett and Shane Warne? But when their traits, habits, and work ethics are distilled down, these unlikely characters share many similarities. They do the work,…
Almost everyone has an opinion on how Coronavirus is going to affect our property markets. But I’m very selective on whose opinions I listen to. And so should you be. When valuer Scott Keck, recently gave his views I was keen to read them, since I respect his years of experience, having used his firm…
There have been a number of economists and commentators who have predicted that property values will fall anywhere between 10% and 32% this year. It seems like it’s almost become a competition for who can be the most bearish. However, my view is a lot less bearish. I believe property values won’t fall by more…
The recent strawberry sabotage by a reportedly disgruntled employee – and potentially others who appear to have simply jumped on the bandwagon for some terrible reason – is a timely reminder of the importance of business insurance. With many businesses facing difficult economic times due to rising costs, increasing competition as well as changes to consumer…
Despite predictions of property prices tumbling because of distressed sales, recent data from Domain shows that most capital cities around the country have seen only very marginal increases in distressed listings, while in Canberra and Brisbane the number of distressed listings has actually fallen. The property pessimists are suggesting that many first homebuyers and investors have…
With the stamp duty ‘rivers of gold’ now turning into rivers of mud, state governments are looking for a more broadly-based tax system to keep their budgets afloat. One suggestion up for debate is the prospect of nixing stamp duty in favour of broader taxes that will continue to drive income for them, year after…
What has Coronavirus affected our finance markets? Prior to the onset of COVID-19, housing finance conditions were becoming more accommodative for potential buyers. This was enabled through: The repeal of temporary macro-prudential measures; The halving of the cash rate between June and October 2019; and, Declines in the typical mortgage serviceability assessment rate from 7.3%…
Knowing what tax deductions you’re entitled to claim is key to maximising your return on investment – but that’s only half the battle… We have all heard the old saying about death and taxes being the only two certainties in life. This may not be the case when you take superannuation into account but that…
There are more than two million property investors in Australia but many of them never get past owning one property. And those who manage to buy a number of investment properties often hit a growth brick wall because of lending issues or poor asset selection. However others struggle to achieve their financial goals because they…
Stay-at-home orders have meant many people are happy to live in dispersed suburbs with free-standing, single-family homes. Quarantine feels less daunting with a backyard, plenty of storage space to stockpile supplies, and a big living room for morning stretches. Before the crisis, though, Australia was slowly moving toward urban density. More apartments with communal amenities,…