There’s a saying about real estate that suggests sinking your hard-earned money into property is ‘as safe as houses’. In other words: property is fairly safe bet; it will always be in demand; well-located property will almost always increase in value; and you can derive an income stream two ways, via rent (cashflow) or price […]
Read MoreThe landscape of the housing market in New South Wales has shifted rapidly over the past three months from a buyer’s market to a seller’s one. Three months ago, homebuyers in Sydney were in solid position to leverage on the prevailing market conditions. This is, however, no longer the case, with a sharp increase in […]
Read MoreDid you know there are two potential values for your property? Unfortunately, many homeowners don’t understand the difference between a market value and a bank value – but it’s vitally important that they do. In fact, sometimes when a homeowner wants to draw on some of the equity in their property, they are shocked when […]
Read MoreIt’s amazing how the messages in the media have changed in recent times. Not that long ago they were telling us property prices would drop significantly, with some property pessimists suggesting we could see a property values fall 10, 20 and even up to 30 per cent. Today the common theme is that the property […]
Read MoreNew ABS Lending Indicators data released today shows new home lending rose in August, despite the fact that Melbourne, the country’s second largest property market is in lockdown. The value of new home lending increased by 12.6% in August, following an 8.8% rise in July based on seasonally adjusted figures. This has been the largest […]
Read More1. Do something you love I can’t stress enough how important this is. Motivation stems from enjoyment. 2. Surround yourself with driven people Energetic people energise others. That’s why the people you surround yourself with are so crucial to your success. They inspire and they motivate by example. 3. Set goals and rewards Goal Just […]
Read MoreProperty investment is not something you should ever enter into lightly. But for some reason, that’s what a lot of people who have dreams of making millions with real estate do. They think, ‘I can go out, buy a house somewhere, stick some tenants in it to pay the mortgage and make a killing! How […]
Read MoreIf you’re like me, you’re interested in learning about successful people. I enjoy reading about the habits, philosophies, behaviours and influences of those who have managed to accomplish great things. Not only do I find it motivating, but by understanding how and why successful people do what they do, I pick up tools and ideas […]
Read MoreThe COVID-19 pandemic has placed property owners and tenants in unforeseen circumstances. Many tenants are paying reduced rent or have ceased paying because their income has been adversely affected by COVID-19. You should include rent as income at the time it is paid, so you only need to declare the rent you have received as […]
Read MoreCapital Gains Tax was introduced in Australia in 1985 and applies to any asset you’ve acquired since that time unless specifically exempted. According to the Australian Tax Office, a capital gain or capital loss on an asset is the difference between what it cost you and what you receive when you dispose of it. You […]
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