For as long as people have been investing in property there has been a common question. Should you buy a property for its capital growth potential, or should you buy a property for cash flow? With an interest rate rise potentially on the horizon many investors are revisiting this age-old debate, to gear negatively or positively. I want to address a glaring issue immediately that may be prudent for some of you and [...]
Prospective property owners in Sydney have gone from fearing they’ll miss out to fearing they’ll overpay. Sydney house prices could drop dramatically There’s certainly no doubt that over the past two years Sydney property owners have been on one hell of a ride with property prices rising over 30% in the twelve months leading up to December 2021. Certainly, a great result but for those who were hoping that the [...]
Australia wide we are seeing record low levels of rental properties and sale listings putting upward pressure on both the rental and sales market. I’ve been digging into the numbers and nationally, the total number of properties advertised for sale over the last four weeks was 13.3% lower than the same period a year ago, demonstrating an ongoing shortage of available housing to purchase. Property is a tangible asset and [...]
Brisbane's house prices have hit an all-time high, with the median reaching $792K. This represents one of biggest quarterly price hikes seen since 1996! Our research team have uncovered that last calendar year Brisbane house prices grew by a staggering 25.7% or $162,181. To save you the math’s, that equates to $444 per day. On the back of these numbers, it is no wonder many are predicting Brisbane property prices [...]
https://www.youtube.com/watch?v=Gey6PO1juCs&feature=youtu.be So, the property here, just over my shoulder, is one of my first investment properties. I did a live video a couple of years ago explaining that I always attend my annual inspections with my property manager. Now, there's three reasons why I do that. Reason one. Because I get to make sure that my property manager is doing their job. I pay money for a service, I wanna make [...]
https://www.youtube.com/watch?v=tDur6nIiRn0 Hi everyone, Leonie here at Wealthology and today I wanted to talk to you about the benefits of having an annual financial health check. You will find often that throughout the year your financial situation may change, interest rates may go up, you may have received an increase in your salary, which is always exciting, you may have taken out another credit card, or perhaps taken on a car [...]
https://www.youtube.com/watch?v=EP_2iA_qeOk One of my top tips in keeping a tenant happy in an investment property is to let them do things to make it their home. So let them put pictures up on the wall, let them pour a concrete slab to put their wheelie bins on. One of my tenants wanted to put a garden shed and a concrete slab for the wheelie bins, they're very much into their garden, [...]
https://www.youtube.com/watch?v=s9UjwCGUaqA& Hi everyone, Leonie here from Wealthology, and today I wanted to talk to you about surrounding yourself with winners. Now, that might sound a little bit funny, but let me ask you, are you surrounding yourself with inspirational people? People who encourage and support you, people who elevate your thinking, your performance? Now, Jim Rohn once said, "We are the average of the five people we spend the most [...]
Building a property portfolio can be similar to running a small business and it is no easy feat sometimes. By doing so, you demonstrate you are wanting to create better financial security for yourself, reduce your risk, have determination, and that you also have a keen business sense. We asked Wealthology’s most savvy investors to share their top 5 dirty little secrets so you too can avoid the common mistakes which [...]
There have been lots of changes in the financial industry of late including interest rate drops and changes to loan serviceability. These are all positive things for property investors. Interest Rate Drop In its latest meeting, the Reserve Bank dropped interest rates to a record low by cutting the cash rate by 0.25%, bringing it to a record low 1%. Following last month’s cut, we saw an action-packed few weeks in which 44 [...]
