Property Development involves a wide range of activities and processes from purchasing land, building and developing high-rise apartment buildings and everything in between. In order to be successful, you’ll need to educate yourself on property, the markets, economics, finance, town planning, the construction processes and the marketing of real estate projects. Sound like a lot of…
Key takeaways Victoria’s rental market is facing significant challenges, with a net loss of 5,044 rental properties over the last three months, and a downward trend in investor loans indicating a broader reluctance among investors. This is further shrinking the available rental stock, making it harder for tenants to find affordable housing. To address this…
We are currently witnessing what could be described as the greatest wealth transfer in modern history. As the baby boomer generation begins to age, a massive amount of wealth is being transferred to the subsequent generations. Over the next decade, this generation, who rode a wave of economic prosperity for decades, is forecast to pass…
The late Jim Rohn was a gifted storyteller with dynamic delivery and thought-provoking substance. His philosophy was an important influence on me as I was growing my wealth and business so today I’d like to share a collection of his quotes: 1. “To become financially independent you must turn part of your income into capital; turn…
Key takeaways It’s really a combination of our mindset, habits, and behaviours that rule our financial destiny. Let’s look at 7 tips that could make you rich: 1. If you are born poor it’s not your fault, but if you die poor it’s your mistake 2. Don’t follow the herd 3. You should know how…
Remember that old-fashioned saying, “Behind every great man is a great woman”? These days, of course, it’s just as likely to be a man behind the successful woman, but the meaning behind the saying is as true as ever. Because if there’s one thing I know for certain: you’re only as successful as your support…
Key takeaways Property investors come in all shapes, sizes… and professions. However some professions tend to lend themselves better to this type of investment. Not surprisingly surgeons, anaesthetists and internal medicine specialists are prolific property investors. Over 20% of Australia’s 11.4 million taxpayers own an investment property, and collectively they own 3.25 million investment properties….
There’s a common saying that you should ‘begin with the end in mind’ – this is especially true for property investment. The problem is that too many investors begin their investment journey without considering what will be the best ownership structure. Without much thought to it, they put their entire portfolio in their personal name….
Key takeaways Mortgage arrears have been rising from their COVID lows of just 1.0% in Q3 2022, reaching 1.6% in the March quarter of 2024. This is highest reading on mortgage arrears since Q1 2021. The average variable interest rate on outstanding owner occupier home loans increased from 2.86% in April 2022 to 6.39% in…
Are you looking to buy an investment property or a new home? If so, deciding whether to lodge a caveat with the Land Titles Office of the state in your land is located should be one of the key considerations. A caveat can protect you from adverse claims by third parties and assist secure title…
