The location of your “great Australian dream” can dramatically alter your wealth-building activities and as such, you must take this into account when developing your investment strategy. Homes are typically not purchased with the sole or dominant reason of building wealth as there are many non-financial, lifestyle factors that influence where we live. However, that…
2023 was really a year of confusing economic signals, mixed real estate messages and bewildered investors. And 2024 is turning out to be much the same. In other words: the perfect environment for strategic long-term real estate investors. And just like those who took advantage of the property markets 12 months ago found their properties…
We’re already well into 2024, and the last few months have been a time when little creatures come out of hibernation – they’re called forecasters, and their predictions of what lies ahead of us abound. These relate to all areas particularly property because almost anyone who owns real estate would give their second garage to…
Investing in property comes with its own set of challenges. So let’s look at four challenges faced by investors and how you can overcome them: 1. Spruikers Currently, there are more property investment advisers and buyer’s agents out there willing to “help” you than ever before. There are bad apples in every bunch and the…
As we all know, the path to success is a long and winding road paved with detours, potholes and the occasional ‘wrong way, go back’ sign. It’s never smooth, and it’s never straightforward. But persist, work hard and learn from your mistakes and you’ll get to the top of the mountain. On your way, you’ll…
Do you want to know where Australia and New Zealand’s richest people live? New data, from Henley Global, a firm specialising in residence and citizenship planning, reveals the top 97 wealthiest cities in the world, and Australia and New Zealand make the list 5 times. Here’s a roundup of the top 5 richest cities in…
I’ve often said that demographic changes will be more important in shaping our property markets in the medium to long term than the ups and downs of interest rates or the vagaries of our economy, so I am pleased to have leading demographer Simon Kuestenmacher back on the show. Simon is a co-founder of The…
Apartments have underperformed compared to houses for the past 13 to 14 years in Melbourne and Brisbane and the past 6 years in Sydney. Melbourne has been the weakest market. Over the past 13 years since 2011, the median apartment price in Melbourne has only increased by 2.6% p.a. Interestingly, this matches the inflation rate…
Owning a property on one of Australia’s best beaches is more affordable than you think. Tourism Australia recently announced its best beaches for 2024, and not a single one comes with a multi-million-dollar price tag like you’d expect. After all, for a property near Sydney’s Manly Beach you could expect to pay around $4.2 million, or…
If we manage to avoid a large catastrophe, we are living at the early beginnings of human history. The point of this text is not to predict how many people will ever live. What I learned from writing this post is that our future is potentially very, very big. If we keep each other safe – and…