The three magical words you need to learn to say
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
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13 tips for buying at a property auction
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
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- Tagged under Tags: buying property, investment property, investment property blog
The real secret to success is how to communicate
You know that old saying: “Success is 90 per cent perspiration and 10 per cent inspiration”? Well, I’d like to modify that equation slightly. I think success is made up of a number of important parts, but at least 50 per cent is good communication. What do I mean by that? In today’s tech age,
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How to help your children into property
Parents often ask me how they can help their children into property. Some even contemplate giving one of their existing properties to their children. For those more financially free, giving a property while they are still alive so they can see the joy it creates can be very heart-warming. But there are a number of
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Property owners are “more financially secure” than renters : RBA
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
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4 ways to embrace change (and let go of your fear)
I’ve been reading a lot lately about what this year will hold for finance and property, how the markets are shaping up, and where the big trends are. Everyone seems to have a slightly different take on how things will pan out. What will Donald Trump do this year? How will Bitcoin perform? What will
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7 of the most common SMSF errors — part two
Did you know that there are now more than 600,000 Self-Managed Superannuation Funds (SMSF) in Australia? Plus the average fund balance is more than $1 million? SMSFs have soared in popularity over the past decade, especially because funds can purchase certain types of property to help grow their retirement wealth position. However, as outlined in
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7 of the most common SMSF errors — part one
Self-Managed Superannuation Funds or SMSFs provide another avenue for people to create and manage their wealth. Unfortunately, like many other highly regulated financial tools, they can be quite complex. In fact, there a number of common errors that people often make in SMSFs, which can be avoided with professional advice from the outset, of course.
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Is that car space really necessary?
Location, layout, size, nearby facilities — these are just some of the factors you need to take into consideration when you’re looking for an investment property. And while you can put in extra amenities such as a dishwasher and an air conditioning unit, there are a few property features that aren’t so easily added — like a
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4 ways to build mental toughness
At some stage in our life all of us will find ourselves in a rut. Sometimes we’re in that rut because we fear change. Other times, we know we need to change — to shake things up — but we don’t quite know how to do it. Sound familiar? I’ve spoken to lots of people on
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