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 [...]
Confidence is surging amongst real estate investors in Australia despite the narrative being played out by the mass media. The media currently reports that real estate prices are falling, and investors have pulled out of the market. This could not be further from the truth. Property investors are undeterred about the recent interest rate rise, with current data reporting that new investment loans have doubled in the past twelve months ending [...]
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 [...]
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 [...]
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 [...]
Most start with nothing but a desire to grow wealth. Some start with nothing and become millionaires but most plod along in life, hoping for the best but end up with very little, surviving on the pension. Do you ever wonder how people get to be wealthy? How can they afford to drive around in the latest BMW, or build an extension on their home or be in a position [...]
Your current wealth mindset has helped you to get where you are right now… but if you want to go further to achieve financial security, you may need some help to get there. This is a common issue for people who know they need to secure their financial future but haven’t had much success in actually doing it. You might need to ‘hack’ your mindset and update your old programming, so [...]
