For decades, most people have wanted to live close to a city, even though many could never afford to buy a house or even a unit there due to property prices. The main reason was so they could be close to their employment, but also the inner-city usually also had most of the cool stuff…
DetailsThe latest property data shows that prices are holding their ground against price falls as buyers compete for a dwindling number of listings. Prices in most locations across the country increased slightly over April even though listings fell by about 35 per cent, according to CoreLogic. Dwelling prices firmed in every capital city, apart from…
DetailsPredictions of massive price drops always happen when there is an economic shock of some sorts. Forecasts of 30 per cent property prices drops that are seemingly imminent, but which ultimately never happen. In fact, after the GFC and the last recession, any temporary softening of prices soon turned into sustained growth. Source:Corelogic This time…
DetailsOne of the common mistakes that new investors make is focus too much on cash flow and not capital growth or vice versa. Now that might sound a little confusing, but the fact of the matter is that you need both to grow property wealth over the years. That’s because it is the capital growth…
DetailsIt’s at moments like these that I’m glad I’m not a share market investor. The stock market has always been one to jump up and down and I’ve never had strong enough nerves to ride its bull or bear markets. The coronavirus has certainly given our financial markets a shake-up, with share markets down significantly in…
DetailsIt wasn’t that long ago that first home buyers were at their lowest market activity levels in decades. Strong property price growth in Sydney and Melbourne, in particular, as well as restrictive lending conditions meant they just couldn’t catch a market break. The thing is, it didn’t take long for their numbers start to swell…
DetailsOne of the many changes in property investment over the past decade has been the increase in borderless buying (buying interstate). By borderless, I mean buying in a State or Territory other than your own. Some of the reasons for this include increased education about property investment generally and, finally, recognition that Australia is a country…
DetailsWith markets firming in many locations around the nation, some novice homebuyers and investors are searching for cheap property. Unfortunately, this often means they are selecting properties and locations purely because they “seem” affordable to them. In reality, often this means they wind up with an inferior property in a second-class location that will always…
DetailsAt the start of every year, we always receive a flurry of enquiries from potential clients keen to invest this year. Amongst those enquiries are always a cohort of people who want to “get rich quick” supposedly using property as the wealth creation vehicle. It doesn’t take Einstein to realise that they never engage our services. That’s…
DetailsSuccessful property investment involves separating fact from fiction. Unfortunately, there are many untruths out there, which are sometimes taken as gospel by novice investors and first home buyers. These property investment myths and fantasies are abundant online, with anyone having the ability to call themselves an “expert” without having to prove a thing. While fundamentally…
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