I once knew of a young tenant who was the epitome of an A-grade tenant. He paid his rent on time, rarely asked for any repairs or maintenance, kept the house in good condition, and was overall very pleasant to deal with. Things continued in this manner for several years, until one day, it slowly…
While we usually talk about property money and success, the underlying theme is most people want to become richer so today we’re going to dig deep into the true essence of wealth building and that is consistency. Now you’ve probably seen or heard about those online success stories, haven’t you? Those narratives that suggest getting…
The RBA Board decided to hold interest rates steady at 4.1% in July to provide additional time to assess the outlook for the economy. In the Governor’s statement today, the RBA said: “further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will depend…
Most homeowners and investors are long-term borrowers. That is, they will have a mortgage for many decades. We must realise that over many decades, there will be periods where interest rates will be higher than the average and vice versa. The average standard variable rate since 1959 is 8.20% p.a. Noting that most borrowers enjoy…
Now more than ever there is more information about property investment available. Much of it is online and in many cases, it’s mostly untested. Any Tom, Dick, or Harriet it seems can create an “expert” persona, perhaps because they’re good with words or have a couple of property wins on the board, probably solely due…
We have plenty of things we could call a crisis, but suggesting we have a housing supply crisis isn’t one of them. Here’s why. The Law of Supply and Demand First, recall that the immutable law of Economics 101 is called “the law of supply AND demand.” The two work together. In periods of high…
I’ve always loved dogs and really enjoy the company of our miniature Schnauzer Lincoln. There is a lot you can learn from animals as Kate Wood explains in a great blog in LifeHack about the 10 valuable lessons she learned from her beloved Pomeranian, Puff. Here’s what she said: 1. Dogs give everybody a chance…
You’re ready to take the next step and buy your first, or buy another, investment property. And you’re looking for the best Buyer’s agent or Buyer’s advocate around in order to make your investment property purchase. Naturally, among all your research for the best Buyer’s agent for the job, you’re probably doing a lot of…
When was the last time you got a pay increase? Was it anywhere near the rate of inflation? If it feels as if your wage is shrinking and cost of living pressures are growing, you’re in good company. And it might just be harming productivity. Here’s why. Labour productivity (measured as gross domestic product per…
As new policies, prices, thresholds and eligibility criteria move into the new financial year, a raft of changes is coming into effect from the 1st of July. From young Aussies looking to buy their first home to retirees dependent on the pension, these new rules will have some pocketing more dollars, while others are forced…