Are agents really overpaid? What do they actually do to earn their commission? I can understand how in boom times when properties almost sold themselves, that vendors wondered why they need an estate agent to sell their home. During those heady days a good estate agent could help their clients achieve a premium price and
I’ve been in the property investing game for a long while now. Over that time, I’ve tried to educate property investors about which properties make the best investments. As you may know my strategy – and the strategy that we use for our clients at Metropole – is about only buying investment grade properties. These are
There are now more than 2 million property investors in Australia. But investment in residential real estate wasn’t always so popular. Investment in the housing market has trended higher over the past 25 years, with investors comprising 20.3% of the value of new mortgage commitments in 1993 compared with 42.8% in March 2018 according to Aussie’s 25 year
It’s common knowledge that the value of property grows overtime. It doesn’t grow consistently or uniformly, but overall, property prices generally increase. But how are investors to act in the current market, if they wish to grow their wealth in the safest possible way? Today I’d like to look back at property prices to help
We all like to believe that we’re experts in our fields. I’ve been in property for many decades and this has given me an expertise and knowledge I didn’t have when I first started out. I’ve seen property cycles peak and cool and watched as property spruikers encouraged people to buy into volatile regional hot
I know that many property investors are a little intimidated by the thought of bidding at a property auction. I can understand why – auctions are an emotional and exciting event. Even after bidding at hundreds and hundreds of auctions I must admit I still get that surge of adrenaline every time I bid. Then
The RBA has found that new property owners are more financially secure than renters. And they recently released a 44-page report confirming this. Now I guess they haven’t been reading blog Property Update blog — I could have saved them a lot of time and trouble doing this research! However, they have concluded that young Australians
Financial success or independence may be a goal for many Australians, but few actually achieve it. Why is that? To start off with, many people don’t understand the financial basics that can help them move them from being a wage-earner for 45 years of their lives to retiring many years earlier – if they choose too.