The Hobart property market has well and truly decelerated with both a reduction in price growth and activity. Price growth for the quarter ending October for units was only 0.7 per cent and for houses 1.4 per cent, well below previous periods. Some capital growth was still projected next year, especially as Hobart was such…
If I had a dollar for every time someone confessed they were losing sleep over money, well, I reckon I would have at least enough for a return ticket to Bora Bora. Money worries dominate most people’s lives. Until you put yourself on the path to financial freedom, then you’re doomed to repeat the same…
What is land surveying? If you’re buying a property with the intention of developing or significantly renovating it, well you need to know about land surveying. If you’re a first-time small developer or renovator, the only time you’ve probably seen land surveyors is when they’re on the side of a road with their special equipment…
A reduction in investor activity has weakened the property market with the flow-on effect of upgraders and potential owner-occupiers abandoning thoughts of buying. When investors left the market the energy that drove it was drained, but when investor interest was aroused there was more activity from owner-occupiers. Credit restrictions, the Banking Royal Commission, difficulties borrowing…
In amongst changing Prime Ministers (again) or our ongoing obsession with all things Trump, there mustn’t have been much room left in the media this year for analysis of interesting jobs forecasts and other economic news. This one missed my attention, but it’s very interesting: the Federal Government’s Department of Jobs and Small Business earlier…
What goes up, as they say, must come down. And segments of Australia’s property market are now in the slump phase of their cycle, catching out some naïve investors who hoped the value of their properties would rise forever. This means you will probably lose money in this property downturn Now hear me out. I’m…
Morgan Housel at The Motley Fool listed the 50 reasons we’re living through the greatest period in world history. Even though this article was written a few years ago, it is as relevant as ever. Here are 22 of my favourites: U.S. life expectancy at birth was 39 years in 1800, 49 years in 1900, 68 years in…
What’s next for interest rates? For mine the RBA should take them down a notch to help stimulate our sagging property markets and raise consumer confidence which is suffering a crisis of confidence being battered on many fronts. However it seems like the RBA is happy to sit things out until things get worse in…
Things happen. The car breaks down. The roof springs a leak. We can’t predict these one-time events. But we can predict that something will happen — eventually. Our job is to plan for when eventually happens, and we can do so by setting aside a little money each month to help offset these one-time events….
What secrets about managing money do the rich know that the average person doesn’t? I spent five years trying to answer that question. I asked 233 millionaires 144 questions and discovered the rich have certain very specific money habits that were instrumental in helping them accumulate their wealth. 1. Know Where Your Money is Going…
