The Latest CoreLogic’s Rental Market Update
Key takeaways Nationally rents were up 8.3% in 2023. Growth in unit rents (10.2%) has outpaced the rise in house rents (7.5%) this year. We can also see some significant differences across the broad regions of the country. Rental growth…
Beware of the new breed of property experts
It seems we have become a nation of “experts.” Just check your inbox or turn on the television and there they are. Experts on politics who have never run a business, let alone a country. Experts on football, even though…
The Latest CoreLogic’s Home Value Index (HVI)
Key takeaways CoreLogic’s national Home Value Index (HVI) rose 8.1% in 2023, a significant turnaround from the -4.9% drop seen in 2022, but well below the 24.5% surge recorded in 2021. December’s 0.4% increase saw 2023 finish with a relatively…
Where did the new year’s resolution come from? Well, we’ve been making them for 4,000 years
As we welcome in the new year, a common activity across many cultures is the setting of new year resolutions. New year represents a significant temporal milestone in the calendar when many people set new goals for the year ahead….
3 questions to help make 2024 your best year yet
Happy New Year – 2024 promises to be a fantastic year. 2023 delivered more than the usual number of challenges but looking back over the year I am happy, and grateful and have developed the “useful belief” that 2023 was…
Rhetorical questions to make you think…
Why not start your New Year with a little fun? Here are some rhetorical questions you may like to ponder: If it’s true that we are here to help others, then what exactly are the others here for? How come no…
The top 4 New Year money resolutions you should be making
As we move into 2024 — can you believe another year has passed so quickly — it’s a good time to sit back and look at how your money is working for you. How have you gone with your finances…
Commonwealth Bank tips the RBA will massively cut interest rates in 2024
Mr Halmarick said while the Australian economy is losing momentum, led by a slowdown in household spending, inflation was also decelerating – albeit at a slower pace than other nations. “The good news is that the pace of global inflation…
Our top 10 Podcasts for 2023
As we end another year, it’s a great time to reflect on the year that was. Here is a look at some of our top Podcast episodes for the year. And if you haven’t yet, SUBSCRIBE NOW so you can learn a…
Crucial money lessons every parent must teach their child
The concept of ‘living within your means’ used to be a simple way of life. In years gone by, credit cards and personal loans were much more difficult to obtain, so there was really no other option. Today, however, we…
The rich use these 7 wealth accelerators to keep getting richer
Do understand what a wealth accelerator is? Well, maybe you should… because that’s the way the rich keep getting richer. Now you’ve probably heard the expression money begets money. Maybe you’ve ever wondered why it’s easier for people who already…
Believe it or not – these ARE the good old days
If we were to judge whether 2023 was a good time in the history of the world, many people would probably think not, wouldn’t they? This year alone we have experienced a war in the Middle East that has created…
The evolution of worries
Today, I want to talk to you about your worries. After all, who doesn’t love worrying? Thousands of years ago, it was part of what kept humans alive. Is that a lion in the bushes? Was that a tiger? Nine…
the ‘bank of mum and dad’ is increasingly helping fund the lives of young Australians
Much has been made of the increasing presence of the “bank of mum and dad” in the lives of Australians. We know financial support from parents to adult children is increasingly used for entering the housing market. But our new…
Can pets inherit property?
People have enjoyed the companionship of animals for thousands of years, but can we protect their futures by leaving them property in our wills? Around two-thirds of Australian homes have a pet of some sort. Not only do dogs and…
Wrapping up 2023 and peering into 2024
If you’re like many Australians, you’re probably wondering what’s ahead for our property markets in 2024. Clearly, inflation will be with us longer and interest rates will remain higher than we were hoping for, so what does this mean for…
context in a few critical graphs
Population projections that talk of very high growth are welcomed by some parts of the business community and many governments. Others warn that the numbers and speed of growth will fast outpace our ability to provide the necessary social and…
Don’t fall for these 3 huge property investing mistakes
There are several mistakes that I regularly see property investors make. From emotional investing to failing to mitigate risk or even failing to get the right advice, many property investment mistakes cost a lot of money, time, and stress and…
How to stop a fear of change holding you back
If there’s one thing I’ve learned in my many years of business, it’s that change is the one constant. Just when you think things are settled, something will happen to upset the apple cart. Investors and entrepreneurs may think this…
The 3 Biggest Obstacles to Becoming Financially Free
What has been the single greatest obstacle stopping you from becoming financially free? Why do I ask? Well… a few weeks ago at a private client function I was conducting I had the good fortune to have conversations with a…
Chasing Cashflow Won’t Make You Wealthy
Are you trying to build enough cashflow so one day you can exit the Rat Race? Spruikers everywhere are using this to lure in many unsuspecting victims, we see it all around us from Facebook to Instagram and beyond. In…
What would Warren Buffett say about how I approach property investing?
What would Warren Buffett say about how I approach my property investing? And why do I even care? Well… Buffett who is 93 years old is consistently ranked amongst the world’s richest people, is arguably the most successful investor of…
Household wealth up 2.3% in September quarter
I know many Aussie households are doing it tough at present but according to the latest figures released by the Australian Bureau of Statistics (ABS) household wealth rose for the fourth straight quarter (+2.3 per cent or $339 billion) in…
What changed in the property market in 2023?
What was different about our housing markets in 2023? As we close out 2023, the Australian property market looks significantly different from 2022 – we’ve defied all the naysayers and property pessimists and experienced eleven consecutive months of national price…
The most important lesson to teach your children about money
We live in a world of consumption, where people seek immediate gratification with the latest and greatest gadgets and products as soon as they hit the shelves. Think about Apple and the ridiculously long line of people who queue for…
Short term loss-making resales continue to rise
Key takeaways CoreLogic analysed approximately 86,000 dwelling resales in Q3 2023. The incidence of profit-making sales nationally increased to 93.5%, higher than the decade average of 90.8%, and the highest rate of profitability since the three months to July 2022….
Are You Chasing Success or Happiness?
For the next few minutes, I want you to focus on the most successful person you know (and yes, it may be you). What makes this individual successful in your mind? Professional accomplishments? Personal wealth? Now, I want you to…
More Australians prefer suburban living – new data reveals
Have you dreamed of living a house in the suburbs? Well, according to the latest survey from Compare the Market, the majority of people across Australia, Canada and the United States would prefer living in suburbia rather than to live…
I studied millionaires for 5 years and realized being ‘rich’ comes down to only two things
Being rich is really about two things. In my Rich Habits Study, I interviewed 233 wealthy individuals (177 of whom were self-made millionaires) with at least $160,000 in annual gross income and $3.2 million in net assets. I found that becoming…
This week’s Australian Property Market Update
Key takeaways We’re almost at the end of the year and property prices have kept rising for almost 11 months in a row despite 13 interest rate rises, high inflation and reduced borrowing capacity. The peak-to-trough change in Australian house…
Oliver’s insights – 2023 saw the return of Goldilocks, but what’s in store for 2024 for investors?
Key takeaways The five key themes for 2023 were: better than feared growth; disinflation; peak interest rates (probably in Australia too); lots of geopolitical threats but not as bad as feared; and AI hit the big time. This boosted shares…
Property Market Forecast 2023 — House Prices Predictions from Expert
Key takeaways Australia’s housing market continues to defy expectations! Despite 13 interest rate increases from the Reserve Bank of Australia, which have seen official rates rise by 4.25 per cent over the 18 months, property prices have not only stopped…
Don’t Let the Status Quo Stop You
Some of us really like the status quo. Even when we have a better alternative, many of us are content to keep on doing what we’re doing. I think about this every time my wife and I swap cars. Depending…
43 simple financial lessons that you’ll benefit from.
Nassim Nicholas Taleb became famous for his book The Black Swan which taught us to look out for the unexpected X-Factor. He also wrote The Bed of Procrustes, a collection of hundreds of “philosophical and practical aphorisms” – pithy one-line…
Everyone Wants to be on Top of the Mountain But Few Are Willing to Make the Climb
When things don’t go as planned, most people quit the struggle and move on to greener (meaning – easier) pastures. And the world is filled with quitters. Without pursuing success, life is a struggle. Even for the vast majority who…
Australia’s population boom!
Australia’s population growth has rocketed back to the boom rates of the mid-1950s, increasing by 2.4 per cent in the 12 months to June according to the latest figures released by the Australian Bureau of Statistics (ABS). A record half…
The morning routines of successful people
Ever had one of those days when you roll out of bed the wrong way and nothing seems to go right from that point on? We all have. Getting a jump on the day, and starting it in the right…
How A Shade Structure Can Help Boost Your School’s Property
The impact of a school environment doesn’t stop at the four walls of a classroom. They also reach beyond the classrooms, seeping into the hallways, the lab, the gym, and the school’s exterior. If you’re a school owner, it’s in…
why do Aussies shorten so many words?
Australians sure do like those brekkies, barbies and mozzies. We’re not talking about “actual” mozzies here. We’re defo (definitely) talking about words — and Aussies can’t seem to get enough of these shortened words. Some say we’re lazy for clipping…
the role of BTS and BTR markets
Australia’s housing crisis has been a topic of intense discussion and concern over the last year. In an ambitious response, the Federal Government, along with the New South Wales and Victorian Governments, have set targets to deliver a substantial number…
Should You Buy Bitcoin? Ask a Different Question First
I received these two messages within three minutes of each other recently: Several years back I used to mine Bitcoin, and then I sold most of them off for a down payment for our house.I had 400 BTC at one…
Property development guide part 8 – Increasing your chance of success & managing risk
In this series article, I talk us through managing the risks associated with property development to increase the chances of success. I’ve found that once many property investors who’ve collected a few properties in their portfolio become keen to “dabble”…
33 Lessons Learned with Mark Creedon
Today, I am joined by Mark Creedon, a business coach and mentor to some of Australia’s leading business people and CEO of the Metropole Property Group. Today, our discussion is centred around a fascinating list shared by Vala Afshar on…
Everything you need to know about the state of Australia’s property markets in 20 charts – December 2023
Key takeaways The value of residential real estate increased to an estimated $10.3 trillion at the end of November, up from $10.2 trillion in the previous month. Dwelling values across the combined capitals rose 0.6% in November. Monthly growth across…
7 reasons you could fail and how to avoid it
We all fail at times – even the most successful people. I know I seem to have had more than my share of failures along the way. One of my biggest lessons along the way was to learn to take…
What does the rental yield tell you about a property?
A property’s rental yield is the amount of gross rental income that it attracts relative to its market value. In Australia, gross residential property rental yields typically fall between 2% and 5% annually. This yield can provide insights into a…
Why You Need a Team to Build Generational Wealth
Are you a Property Investor wanting to create a level of financial independence? Isn’t that the aim of every property investor, you well may ask? Surely all investors dream of the day they can give up their day job and…
What is an A-Grade Investment Property?
Why do some properties significantly outperform others with regard to capital growth? Why are some properties always in strong demand and sell quickly? These are what I’d call “A-grade” properties. But what sets these exceptional properties apart from the rest,…
4 Daily Habits That Make You Smarter
Best-selling author Thomas Corley found some curious data in his 5-year study of wealthy people. He found that: 76% of the wealthy engaged in 30 minutes or more of aerobic activity four days a week. 77% of the poor did…
Location, location, location: Why it’s so important
Location is probably the most important thing to consider when it comes to buying your next investment property. Perhaps you’ve heard me say that the location of your property will do around 80% of the heavy lifting of its capital…
Will Your Child be Rich or Poor? 14 Poverty Habits Parents Must Ban At Home
When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life, I like to begin my presentation by asking the same three questions: “How many want…
Flipping houses could soon be subject to 47% tax
Australians who have ever thought of renovating an old property and on-selling it to make a quick profit might soon face a whopping 47% tax. The idea, also known as ‘flipping’ has been made popular by TV reality shows like…
4 big differences between successful and unsuccessful people
The world is supposedly divided into the haves and the have-nots. The reality is, like Yoda once said, it is the dos and the do-nots. What I mean by that is that success has as much to do with mindset…
Millennial NETTELs – the booming demographic shaping our property markets
The number of Millennials reaching the family formation stage of their life is booming, and it’s creating an entire generation of Australians who are shaping our suburbs and property markets. Back in 2009, Bernard Salt wrote an article about Baby…
How to Turn Your Wishes Into Reality Instead of Regrets
A while ago I shared how scared and worried I felt at the thought of losing my wife after her accident. As frightening as that experience was, it also helped me reflect and decide that I didn’t want any more…
Latest Australian Property Markets News and Forecasts
In this week’s Property Insider chat with Dr Andrew Wilson, I explore a topic that’s on the mind of every property investor, homeowner, and economic enthusiast: the role of the Reserve Bank of Australia in our dynamic property market. Throughout…
[Podcast] Have you considered setting up a third Super Fund? With Stuart Wemyss
We tend to talk a lot about property on this Podcast, but the aim of property investment is to give you the financial freedom that leads to life choices. The truth is that your superannuation balance is unlikely to be…
Vacancy rate at an all-time low for the third month
Key takeaways Australia’s vacancy rate holds at a record low for the third month in a row, at 0.8%. Nationally, the rental market remains competitive for tenants, however, marginal improvements continue to be observed in some capital cities. Vacancy rates…
Here’s the type of property that will outperform in the long term
I’ll get straight to the point… I believe the inner and middle-ring suburbs of our big capital cities will be the best medium to long-term investment locations. Here’s my logic… The latest government forecasts suggest that Australia’s population will increase…
Five property market trends for 2024
Key takeaways The outlook for the property market in 2024 will be shaped by various push-pull factors at play between a supply shortfall, strong population growth and interest rates remaining higher for longer. By the end of 2024, combined capital…
12 Ways to Fail When Building a Property Portfolio
There seems to be a disconnect between what is myth and reality when it comes to the number of investment properties that people own. We sometimes hear about “greedy” investors who own dozens of properties when this is not really…
How do I begin investing? Start with a Wealth Formula
Are you wanting to start investing to make your money work harder, but don’t know where to start? As a beginner, you are clearly going to need a certain amount of capital in the form of savings. I often get…