If you’ve finally achieved some financial stability in your life and you’re looking to do something positive with your savings, you may be thinking about purchasing real estate. Property is generally a sound investment – provided you do your research and buy a quality property in a sought-after location. For first-timers, however, it comes a…
![[Podcast] Believe it or not, these are the good times | Why I said no to a $50,000 property profit with Brett Warren](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/11/MY-podcast-136-These-are-the-good-times-270x200.jpg)
Around this time every year, a little animal creeps out. They’re called naysayers. And they find all the bad things that are going on in the world, rather than seeing the good things. Rather than being grateful. Interestingly, in the 40-something years, I’ve been investing, the naysayers always come out. And interestingly, they’ve always been…
The number one commandment of the anti money laundering law is “Know your customer” – AUSTRAC is alleging Westpac didn’t, and didn’t seem to want to, writes … Ian Fargher, University of Wollongong Australia’s second-biggest bank, Westpac, is poised to overtake the biggest, the Commonwealth Bank. Not in terms of assets, earnings or market capitalisation,…
What if I told you a way that you could save up to $18,000 today by asking one simple question? Who wouldn’t want that… right? Well now is the perfect time to ask it and the question is; “Can you do better?” That is the question I would be asking my bank right about now,…
There’s a yawning gap in the plan to keep older Australians working. In the past decade a 30-year trend to earlier retirement has been reversed. In OECD countries the average age at which people retire has risen by about one to two years. In Australia the average age has risen from 64 to 65.6 for…
Recently I wrote a short but cautionary blog post about a spike in construction insolvencies, which garnered more than 7,000 blog hits, has so far been viewed more than 3,650 times on LinkedIn, gathered me about 100 new Twitter followers, and was gleefully reposted across Reddit, PropertyChat, and goodness knows where else. This always happens,…
![[Podcast] Can you really self-fund retirement through property? With Pete Wargent](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/10/MY-podcast-135-Retirement-Watermark-270x200.jpg)
Can property investment really fund your retirement? Will this really be possible at a time when the banks are being stricter with their lending making it harder to grow a significant portfolio and at a time of lower capital growth? That’s what we’re going to discuss in today’s episode as I have a chat with…
Debt sounds like such a bad word, doesn’t it? The thing is there is good debt and bad debt. Good debt makes you money – such as a mortgage on an investment property. You’re technically using other people’s money to create wealth through capital growth. On the other hand, bad debt costs you money –…
Lenders are reluctant to lend and buyers don’t want to buy when it comes to high-rise developments. That’s according to RiskWise Property Research’s latest analysis of the construction industry which has been hit hard over recent months following the high-profile cases of the Mascot and Opal towers in NSW. With cracks in both the Sydney…
Why do people go bankrupt? And which professions are more likely to bankrupt. It may not be who you think… One of the largest registered bankruptcy Trustees in Australia, Aravanis has mined its data across 2017 and discovered that those with the following professions were more likely to go bankrupt than any other profession*: Managers (Sales, Marketing, PR,…
