If you’re a first-time investor, champing at the bit to purchase the first property in what will (hopefully!) become your wealth-building real estate portfolio, it can be a daunting task knowing where to start. There is loads of advice out there on how to go about it, but possibly even more important than the “how-to”…
Beachside towns in New South Wales and Victoria have seen house prices drop by up to $108,000 in the past year as lockdown-driven demand slows down, according to a recent article from View. Coastal areas in Victoria’s Gippsland and Warrnambool regions have experienced the steepest falls in Australia since May last year. Suburbs such as…
The interest rate hiking cycle might have peaked, but it’ll be some time until rates drop, borrowing capacity increases and Australia’s property market reopens to more first-home buyers. So it’s no wonder that housing affordability (or unaffordability) is such a popular topic at the moment. There’s no denying it has become a lot harder to…
As a CPA, I’ve been advising wealthy individuals on money matters for more than 30 years. Plus, I spent five years studying the money habits of the rich. In my CPA business and from my research, I’ve documented a few common money blunders even smart, wealthy individuals make. You would think they’d know better, but…
You’d think by all of the media coverage on low interest rates and strengthening property markets that lending was equally as shiny at the moment. Sure, it is much better than it was a year or two ago, when lending was restricted, mainly because of stringent policies instigated by APRA (Australian Prudential Regulatory Authority). These…
Right now things feel awful. Tuesday’s Westpac Melbourne Institute survey shows three times as many Australians say their finances have worsened than say they’ve got better, and twice as many think the economy is getting worse as think it is getting better. The national accounts show real income per Australian (adjusted for inflation) has been…
Are we in an election year? Excuse me for being cynical, but each state seems to be bringing initiatives to help housing affordability. Don’t get me wrong… this is a good thing. However, when looking more closely at some of the initiatives, the numbers don’t really stack up. Build-to-rent scheme for essential NSW workers The…
Investing in property is a substantial financial decision that requires careful consideration and analysis. Leveraging data can provide invaluable insights and increase the likelihood of selecting profitable investments. This article examines the importance of using data in property investing, focusing on the key metrics of average taxable income, population growth and rental income. 1. Average…
Millennials who delay buying their first home are putting themselves at huge risk of being long-term renters. But complaining about a lack of affordability isn’t going to get them anywhere; instead, they need to start to turn attitude into action. The fact is: that the number of first-home buyers is dwindling. This is a massive…
Conducting a thorough inspection is one of the most important things you can do when buying a property, whether it’s a brand-new or a second-hand home. But not all potential buyers know how to spot a lemon. The clue is in the name – it’s a property inspection, not a leisurely walk-through. Don’t feel pressured…