I don’t know about you, but I am losing count as to how many new homes the federal government is promising to build over the next five years. At the time of writing, it is up to 1.2 million – or 240,000 per annum – between 2024 and 2029. The Albanese government will give the…
Aussies are moving house less frequently. The median tenure for a house is nine years and for a unit, eight years, according to Domain’s latest Tenure and Profit Report, Last year’s decrease in prices might have made people delay selling their homes. However, the trend of longer tenure (how long you stay put in a…
Australia’s property investors have faced many headwinds of late, with interest rate hikes, land tax increases, and market uncertainty driving a wave of investors to exit the property market across the country. But investors in some states are struggling more than others. Recent PropTrack figures reveal that Victoria had the highest share of investment property…
Taking control of your personal finances and getting rich is simple, but it’s not easy. And that’s not a play on words. It’s simple if you know how, but not easy because of our bad money habits. New York Times columnist, author, and financial planner Carl Richards regularly had his articles published on Property Update. I asked him…
There is nothing inevitable about the rate of our population growth in Australia. So why does so much of our urban planning assume that the rates of growth are something “we can’t do anything about” when the opposite is in fact true? Only recently we proved it can be done when we pulled the policy…
One of the most interesting things I do is meet many investors every week (i.e., prospective clients). It is something that I have been doing regularly for almost 20 years, so I’ve literally spoken to thousands of investors. It is interesting because it provides me with the opportunity to reflect on people’s past investment decisions…
Australia’s property market has moved into the recovery phase of the cycle, with the whirlwind of activity over the pandemic era now a distant memory and a supply crisis now taking hold. The supply and demand imbalance continues to put pressure on prices, so it’s interesting that new data has revealed that the number of…
Does money really buy happiness? Is there a clear relationship between money and happiness? To shed light on this age-old question, today I have a chat with Mark Creedon, founder of Mastermind Business Accelerator and CEO of the Metropole Group to decipher the enigma of happiness, money, investment and success. Decoding the Money-Happiness Paradox Today’s…
Many people can be very focused on repaying their home loan in full before they begin investing. They are so averse to debt that they cannot envisage doing anything else until their home loan is gone. However, often this isn’t the best approach to take. At some point, investing is more important than debt reduction….
It’s been a wild ride for property investors over the past 6 years – from a cutoff of interest-only loans to threats of a negative gearing ban, to aggressive interest rate hikes, high property prices… and now, a spotlight on Australia’s rental laws. Ultra-low vacancy rates, high rent prices, strong demand, and a rising population…