When it comes time to buy an investment property, there’s a minefield of decisions and processes to navigate. It can seem time-consuming and complicated, which is one of the reasons why people delay investing in property in the first place – because they can’t find the time to make the right decisions from the outset….
Banks have progressively tightened their lending criteria, frustrating investors who can’t source finance for their next purchase. So let’s investigates 17 ways to break through the credit ceiling and increase your serviceability limit. Since the mid nineties Australian mortgage providers have operated under regulatory guidelines designed to encourage responsible lending. One aspect of these guidelines…
I write a lot about the cycles of investment and the importance of playing the long game. Short-term thinking is what kills a lot of investors and stops people from ever becoming financially successful. And tough times are interesting times. What do I mean by that? Well, it tough times that sort the wheat from the…
How much do you help your children financially? And I don’t mean when they’re young and can’t fend for themselves. How much do you help your adult children financially? According to finder.com.au, more than 5 million Australian parents are helping their adult children financially’. Their new survey found one in six (61%) parents – equivalent…
Are you ready for the 2020 debt bomb? Now before you start thinking I’ve gone all “60 Minutes” and am falsely forecasting property doom and gloom, think again! Property markets around the country are doing their thing depending on the stage of their respective cycles, but one thing that is a certainty is that there…
My best friend, Bill King, is 11 years older than me. Like me, he’s a CPA and a CFP. When I was just starting out in my career, Bill gave me the best financial advice I ever heard. Bill and I were discussing what it takes for the average individual to become financially free….
Your Property Investment’s Cash Flow – Take a Reality Check. Most investors tend to underestimate and often ignore the risk that the actual cash flow from an investment property will be significantly lower than projections. Consequently, investors often end up ‘bleeding cash’ to cover the shortfall between the rental income, interest rates and other associated…
The Australian property market has drawn increasing numbers of overseas buyers in recent years, with many of them enjoying record capital growth and strong rental returns. However, with recent moves from government bodies and regulatory agencies to slow down the housing boom and restore affordability for young Aussie buyers, the landscape has changed a little….
Are your mortgages liabilities? That is, do you view them as negative things that you would like to eliminate if you had the money? If so, I challenge you to think of mortgages as an asset. In fact, doing so could dramatically improve your financial success. In the olden days… Decades ago, the clear majority of people…
Efforts by governments to redirect population growth to regional Australia have never worked – even if such policies could be made to work, they probably wouldn’t be worth the costs, writes… John Daley, Grattan Institute and Jonathan Nolan, Grattan Institute This week we’re exploring the state of nine different policy areas across Australia’s states, as…
