With Sydney’s unit prices reportedly falling in some high-supply areas, causing conflict between vendors who want to sell and developers who want to maintain prices, RiskWise Property Research has renewed its call for caution when buying off-the-plan. The research house had been warning for months that there were “significant and tangible risks” associated with buying…
A recent report that more than $1 billion in real estate will hit the Gold Coast property market for the 2018 Commonwealth Games has sparked a warning from RiskWise Property Research. While it was easy to get caught up in all the hype of the Games, it was best to “proceed with caution” before signing…
You’ve more than likely heard dozens of arguments both for and against buying property “off the plan.” I’m not going to get into that here; instead I would like to highlight some of the finance risks of buying off the plan. When you commit to buying a piece of real estate that doesn’t actually exist…
Top economists are unanimous in believing Australia’s housing market is in crisis. Offered a choice of 14 measures identified by the Economic Society of Australia as likely to restrain prices for buyers and renters, none of the 49 leading economists polled picked: “Do nothing, the market will determine appropriate prices”. The economists chosen for the…
In this article, I’ll explain the role of a town planning consultant and what you need to be asking yourself. Town planning consultants are professionals with qualifications in town planning or urban planning. Those in private practice have usually been employed by local councils or planning organisations for a number of years, meaning they know…
The aroma, the taste, the energy hit: some people describe coffee as food for the soul. But did you know the Australian obsession with coffee history began during World War II when Italian and Greek immigrants started to bring coffee machines to Australia? It changed the way coffee was consumed and its popularity in the inner-city over…
![Ever wondered how your coffee gets from the grower to you? [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2016/09/coffee-270x200.jpg)
There’s a good chance your day started with a cappuccino or a cold brew, and you aren’t alone. In fact, coffee is one of the most consumed drinks on the planet, and it’s also one of the most traded commodities. According to the National Coffee Association globally coffee consumption is estimated at over 2.25 billion…
It feels like we are living in busy times. According to the OECD Better Life Index, 12.5% of Australians report working at least 50 hours a week, higher than the OECD average. Many Australians are also working more than one job to buffer against cost-of-living pressures. Psychology has long been interested in our goals –…
When it comes to financial security, traditional advice often centres around paying off your home mortgage as quickly as possible. The peace of mind that comes with owning your home outright is undeniably appealing. However, this strategy might not always be the most effective way to grow your wealth. Instead, using the funds to invest…
As we near the end of the financial year, it’s wise to reflect on how you can optimise your tax position for the 2023/24 financial year. Below, I’ve outlined the factors we typically consider when reviewing a client’s position. Firstly, estimate your tax position When undertaking tax planning, the initial step involves estimating your tax…
