Having helped hundreds of property investors finance their acquisitions, I have been able to gain a great perspective as an “outsider” with regard to how property investors go about making their investments. There are some common things that the vast majority of investors do not do, which I think negatively impact their chances of success….
Buying an investment property can be both an exciting and stressful time. Ultimately, choosing the right investment property comes down to your investment plan, but also knowing how much you can afford and understanding what is available to buy. This is especially the case at a time when property stock is low and prices, although…
Your daily habits are the reason you are rich, poor or stuck in the middle class. They are the reason you live in the house of your dreams or a shack. Forty per cent of all of your daily activities are habits. This means 40% of the time you’re on autopilot, every day. Habits save…
I like to think that I am mostly an optimistic person. I tend to believe things will work out. Impartial scientific analysis of the world over the last 5,000 years tends to support this thesis. I also believe that to be a good investor you have to be optimistic – you have to have an…
Rich Chinese property investors are eyeing up Australia, with over 700,000 expected to migrate overseas in the next 2 years. The latest ranking from Juwai IQI shows that Australia ranks number one as the top overseas destination for Chinese property hunters. Australia comes ahead of all other global markets, including Canada, the UK, and the…
Three of the big banks, CBA, Westpac and ANZ, believe the cash rate has already peaked at 4.10 per cent, with only NAB expecting one more hike later this year. CBA, Westpac and NAB economic teams updated their cash rate forecasts on the back of yesterday’s RBA Board meeting, with changes to both the expected…
The Reserve Bank has left the cash rate at 4.10 per cent, announcing a pause for the second meeting in a row, and third time this year. The key explanation was a desire to take more time to assess the impact of the increase in rates to date and the economic outlook. The Board also…
Are you thinking of taking advantage of the buoyant property markets and upgrading your home? Maybe you’re planning to move interstate for work. Need to upsize to fit the kiddies in or downsize now they’ve all left the nest? Are you thinking of keeping your current home as an investment property when you move? Holding onto…
How well we manage our money is more important for our financial well-being than the size of our income. You see…the default for most of us is to pay for whatever we need to pay for and then “save” the rest. This is not a sound financial plan. Most Australians live paycheque to paycheque. While…
With all the financial changes we’ve encountered in the last 12 months, how do Australian households cope? Well, according to a new report by Compare the Market, 61% of Australian households are only just getting by as prices soar across the board. Interestingly, more than a quarter of Aussie adults (26.3%) admit that their savings…