Investing in property can be one of the most effective ways to build wealth, but it’s not without its pitfalls. Over the years, I’ve seen many investors make the same mistakes repeatedly, often derailing their financial goals. Here are 10 common missteps property investors make and how you can steer clear of them. 1. Falling…
Proposed changes to the minimum energy efficiency standards for rental properties in Victoria could soon see landlords facing increased costs in a bid to help the state move towards net zero emissions. While the intentions behind these reforms are commendable, the reality is that these changes will have significant financial implications for landlords, many of…
Selling a deceased estate is not something anyone looks forward to, but at some point in our lives, many of us are faced with the situation. It’s an emotionally charged process that requires careful consideration, not just in terms of finances, but also handling the memories and emotions tied to the property. If you need…
Welcome to another episode of the Michael Yardney Podcast, and today we’re exploring a topic that affects us all: how the way we live has changed. My guest today, Lucinda Hartley, who has been named one of Australia’s 100 most influential women, is a serial founder, technology leader, leading expert in social trends shaping the…
Home ownership is the great Australian dream for many. However, whilst owning your own home can fill you with an immense amount of accomplishment and pride, it’s also important to remember that being ready to buy involves more than just putting together a 20% deposit. From finding the right home insurance policies to budgeting for…
If you’ve amortized your mortgage or even paid it off and already bought a second property, you might be hankering to do it again. This potential third property would be known as your second investment property (assuming your main home is not an investment). You know what to expect if you’ve been through the process…
Have you ever questioned where your money went? Do you live paycheque-to-paycheque? No matter what your income, good money habits can help to build wealth and set you up for financial success… but bad money habits can do the opposite. Bad money habits can see you dwindle your savings (if you have any) by continuously…
The real estate sector in the US took a downturn in the last two years. More than 2/3rd of real estate leaders in the US said that debts for refinancing and acquisitions are undersupplied. The outlook for 2024 is still not really promising, but there are more chances of growth this year. That’s mainly because…
As parents, we strive to arm our children with the necessary skills and knowledge that will guide them through life. A critical yet often overlooked part of this toolkit is financial literacy. Grasping money management from an early age can have a profoundly positive impact on a child’s life, setting the foundation for a lifetime…
Success is no accident. The most successful people in life – whether in business, family life, music, or on the sports field – 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…