On Monday, the federal government announced plans to fix Australia’s “broken migration system” and to “bring migration back to sustainable, normal levels”. Its long-awaited migration strategy aims “to build a migration system that earns the trust and confidence of our citizens”, or what the government calls, “rebuilding the social licence”. The government says these changes…
Today, I am joined by Mark Creedon, a business coach and mentor to some of Australia’s leading business people and CEO of the Metropole Property Group. Today, our discussion is centred around a fascinating list shared by Vala Afshar on Twitter – a collection of insights that reflect the wisdom one hopes to accumulate with…
The ‘great Australian dream’ has always been to own your own home, debt free. It gives you financial security, and over the past three to four decades, homeowners have enjoyed rising prices which has helped them build wealth. But is it always a good idea to own your home, or is renting better? Put differently, how financially…
How are you financing your Christmas shopping this year? Well, according to the latest data from Finder, millions of Australians are expected to land themselves in debt over Christmas that could take months to repay. Their survey of 1,056 respondents found more than a fifth (21%) of Aussies – equivalent to 4.2 million people –…
Are you a Property Investor wanting to create a level of financial independence? Isn’t that the aim of every property investor, you well may ask? Surely all investors dream of the day they can give up their day job and live off their property portfolio. I would suggest for 98% on Investors, this would be…
Why do some properties significantly outperform others with regard to capital growth? Why are some properties always in strong demand and sell quickly? These are what I’d call “A-grade” properties. But what sets these exceptional properties apart from the rest, and how can investors uncover these hidden gems that consistently outperform market averages? As our…
If you’ve made the right moves in your career, you could have a decent financial foundation to last you the rest of your days. However, it’s possible for people to reach seniority with an empty bank account. In such cases, thriving in your older years becomes extremely difficult. No matter what age you are, you…
Location is probably the most important thing to consider when it comes to buying your next investment property. Perhaps you’ve heard me say that the location of your property will do around 80% of the heavy lifting of its capital growth. “Location, location, location” is a well-known expression that highlights the importance of finding the…
Thinking of converting your home to an investment property one day? You’re not alone… In my many decades as a tax specialist, I’ve been asked almost every question but some are more common than others. And one of these is: “My spouse and I are thinking of upgrading our home but want to keep our…
In ancient times, people used the term generation to describe all the people alive. Over time, that has changed to more of a biological definition, which is the span of time from when one is born to when they have children. Because the median age of giving birth is now 30 years, that time span…