If I had a dollar for every young person that has said to me, “I need to set up a trust”, I would probably have enough money for a deposit on another investment property! Seriously, though, the problem with such a statement is that most people don’t understand why they think they need one in…
DetailsIt’s a fact that most property investors who go at it alone never buy more than one property. One of the main reasons why is because they buy the wrong property in an inferior location, which ends up costing them in cash flow as well as substandard capital growth. Then, what usually happens is they…
DetailsThe cost of not having landlord insurance can no doubt be devastating. I once had ideal tenants in one of my investment properties. They were a couple who paid rent on time and never caused me any dramas at all. Then, one day, that situation was flipped on its head when they broke up. Not…
DetailsThe Brisbane property market has been identified as the capital city location with the best investment prospects according to new research. About 44 per cent respondents in the 2019 PIPA Annual Investor Sentiment Survey indicated that Brisbane property market was their preferred metro location for investment for the next year. The thing is savvy investors…
DetailsIt wasn’t that long ago that most people’s money mindset were focused on simply paying down the mortgage on their homes. That was certainly the goal for baby boomers, who spent most of their working lives paying off their home loans. Then, for many, they spent their retirement years struggling to survive on the pension.…
DetailsI have been investing for myself and my clients for more than 10 years now and there is one property that I have never bought for anyone. That property is a brand-new unit. Of course, over the past few years, there has been plenty of coverage about the oversupply of new units in many of our…
DetailsNormally when someone mentions a “perfect storm” they’re referring to something that is bad. An example might be some property markets over the past few years which were negatively impacted by a combination of tighter lending conditions, poor consumer confidence levels as well as higher interest rates for investors… just because. However, in the space…
DetailsA trend that has become more prevalent over recent years has been co-buying. What I mean is buying a property with a friend or family member to either live in together or as an investment. Now, there are a couple of reasons for this, including people generally settling down with a partner later but wanting…
DetailsDid you know that about half of Australians remain loyal to their first-ever bank throughout their working lives? Their mortgage, credit cards, and savings accounts are all with one bank from their first day to their last. Competition in the banking sector has skyrocketed over recent decades, which means that such misguided loyalty can often…
DetailsThe recent interest rate cut by the Reserve Bank was the first in nearly three years – and it won’t be the last. Following the announcement, lenders moved quite quickly to pass on the rate reduction to borrowers, with some passing on the full amount and others not quite. That said, some lenders moved to…
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