In the fifth instalment of this series on property development, I’ll explain in detail how to secure funding for your real estate development project. Before you commence any development project, it is obviously crucial to first establish how much you can borrow and how you will be able to manage all associated costs of the…
As parents, we all want to see our children succeed in life. And spreading their proverbial wings and flying the family nest to branch out on their own is a big move, particularly when they’re contemplating that first home purchase. While we might feel a paternal pull to help them up the property ladder, we…
Are you wondering what your serviceability is and how banks calculate it? Well…if you’ve been looking for a loan for your home or investment property, I’m sure you’d have come across the term “serviceability.” When taking out a loan, the amount your bank will lend you will depend on a few things. Along with your…
If you’re looking to eventually develop financial freedom by building a substantial property portfolio, it’s crucial to understand the importance of running two distinct “businesses” to ensure you attain your goal of having a significant portfolio. I’m sure you’ve heard that 92% of property investors never get past their first or second property, and there…
With all the talk about homes being unaffordable and with capital city property markets achieving record price growth, first-home buyers and indeed, first-time investors must save up a hefty deposit to get a foot on the property ladder. Many are finding it difficult – because there are a lot of sacrifices involved. Essentially, they must…
I received a question from a reader asking what would make a superior investment. An apartment in a blue-chip location, or a house for the same price albeit not in a blue-chip suburb. Will houses always deliver better returns? In general, houses often prove to be superior investments, mainly due to their higher land value…
The challenging conditions of the current property market have many first-time investors concerned. They don’t want to make a mistake – they realise that jumping in before they are ready could be costly. Do you want to avoid the common mistakes homebuyers make? Well…here’s a list of some of the common things I hear from…
Did you know that you have many options when it comes to deciding the entity that should own your new property? Most property buyers, even seasoned investors, default to simply buying the property in their own name, but this is not always the best and most financially savvy choice. The legally recognised owner of a…
For years, the dream of homeownership has seemed increasingly out of reach for many. But what of those who can’t even afford to rent Social Housing? Waiting lists are overflowing and the number of available dwellings just needs to catch up. Today Nicola McDougall, chair of the Property Investment Professionals of Australia (PIPA) joins me…
Melbourne, a vibrant and culturally rich city, is a treasure trove of museums catering to various interests. The best museums in Melbourne are not just about displaying artifacts but are immersive experiences that tell captivating stories, provoke thought, and spark creativity. “As a city that attracts people from all over the world, Melbourne’s cultural landscape…