I’ve often said that property investment is a game of finance with some houses thrown in the middle. But currently, more and more investors and homeowners are having difficulty getting finance in the rising interest rate environment. So, what should you do? What type of finance strategy should you have to prepare yourself for what’s…
There’s no doubt we’re currently in a buyer’s market. Australia’s property market peaked in April 2022 and now we’ve moved to the next stage of the property cycle, the adjustment phase, and at the combined capital city level, housing values have fallen -6.5% following a 25.5% rise through the upswing. What this ultimately means is…
Most investors think of building and pest inspections as part and parcel when buying a property. In other words, it’s one of the slightly annoying, yet completely essential, steps to safeguarding your purchase when buying a property. They tend to be viewed as a kind of insurance policy, helping you ensure you don’t end up…
Awesome landlords attract awesome tenants. It’s a simple matter of A + B = C… and while this equation applies in virtually all areas of life, it is remarkably relevant when it comes to managing your investment properties at an optimal level. A brilliant landlord is able to keep hold of tenants for longer periods…
We’ve already seen severe and devastating floods across the east coast this spring. And with the BOM predicting a soggy summer ahead for much of the country, it’s time to prepare your rental property to withstand stormy conditions. Torrential rain. Flooding. Gale-force winds. Hail. Lightning. It’s not the image that instantly springs to mind when…
Borrowing capacity has probably never been tighter in the 20 years since I started ProSolution! This is delaying investment plans for some clients. However, I expect this to be temporary and an easing in borrowing capacity might not be too far away. How borrowing capacity rules have changed over recent years In 2019, the banking…
The Block was once again a hugely popular TV show this year. After three gruelling months of sleeplessness and renovations paid off for the couples competing to sell their properties for a profit. Not surprisingly it encouraged a new generation of property investors to turn their hands to renovation. But if you ran the renovations…
Inflation is soaring, and the price of living is going up, but thankfully our wages are also rising. According to the latest data from the Australian Bureau of Statistics (ABS), the average Australian income has risen 1.8% to $52,338. Sure, it’s not enough to cancel out the pushed-up cost of our bills, but it is…
An interest-only home loan, as the name suggests, is where you only pay the interest on a loan and not the principal (the original amount you borrowed). While authorities such as the Reserve Bank often see them as risky, interest-only loans can be helpful in some circumstances. If you’re considering an interest-only loan, here’s what…
Are you considering investing in property to fund your retirement? There are many factors to be considered here, but perhaps one of the most crucial, may not be on your radar. In the short term, it may be your salary, your ability to borrow money, and growth that will play a role. But as you…