In a recent blog about property cycles, I explained in depth how there is always an opportunity regardless of what the broader Australian property market may be doing. Right now, there is confusion due to incorrect media reporting about the Australian real estate market. If you ask the average Joe what’s happening in the market right now, you’ll likely receive the answer that property prices are crashing. Yes, there are [...]
Are You Getting a Raw Deal on your Interest Rates? It’s certainly no secret that the Reserve Bank of Australia is lifting interest rates. In the past three consecutive months, interest rates have jumped and so have many people’s mortgage repayments. Most don’t understand that when the Reserve Bank lifts interest rates, the banks don’t necessarily have to pass it on AND some banks may increase it even more than the RBA did themselves. Here’s [...]
Depending on who you ask, the world may be ending as we know it, at least in the property sphere! Property prices in a few cities are declining, and the price growth of 20% for the others has ended. But not all is lost! Last week I wrote in detail about property cycles and what to expect in the future for Australia’s property market, but a conversation with an existing client prompted this [...]
There’s certainly a lot of commentary currently about the property market. The recent move from the Reserve Bank Of Australia to lift interest rates by 0.5% has created quite a stir; the question is how much of it is actually factual and how much is designed to sell newspapers?There’s no denying that interest rates are on the rise but after the longest continuous period of downward spiralling rates, does this really [...]
Queensland has long been considered the metropolitan alternative for those wanting everything New South Wales and Victoria have but just less busy, but that’s all about to change.Recent data released by the Queensland treasury has revealed an influx of people from New South Wales and Victoria will see South East Queensland’s population surge past six million by 2027.This surge in population would put further demand on the already severely undersupplied housing [...]
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=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 [...]
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 [...]
Buying property is an exciting journey and personally rewarding. Having a good deposit – the more savings or equity in other property you have is a bonus, but the reality is that most of us need to borrow money to achieve the property goal. Being savvy can help you make decisions confidently so here are a couple of common questions I get asked. Does A Cheaper Interest Rate Save You [...]
I will be forever grateful to my Dad for introducing me to the world of property when I was just 18yrs old. I don’t think he quite realised at the time what an extremely powerful opportunity he was presenting which has allowed me to go on and create a much better financial future for myself than he could have imagined at the time. I guess you could say my Dad [...]
