It 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…
DetailsProperty markets never like Federal Elections because of the potential for change. As we all know, markets need confidence to perform well, and elections generally offer instability rather than the other way around. This year’s election, however, was another kettle of fish entirely with a stark contrast between the two major parties when it came…
DetailsA re-elected Coalition Government will guarantee deposits for first home buyers it was announced on Sunday. The policy, called the First Home Loan Deposit Scheme, was something that many of us in the industry expected at some point in the lead-up to the election. Why is that? Well, it creates a key point of difference…
DetailsLike so many things in life, some things are considered “better” than others without much justification for that point of view at all. Seemingly, you’ve made it if you are driving around in a Mercedes S-Class, regardless of whether you are paying for it on a personal loan with astronomical interest rates. People who drive…
DetailsThe Federal Budget has now been released and in it came plenty of handouts but not many new housing policies as such. Now, with the Federal Election still a few weeks away that could change, but as I see it investors are perfectly placed to buy now. Before you say, “Daniel, of course you would…
Details
