This is the key thing that makes me different from all the others So Australia’s supposedly largest residential property investor was in the Australian Financial Review last week, taking a pot shot at APRA. Kevin Young reckons 20,000 of his Property Club members can no longer afford their mortgage after the banks shifted them from […]
Could a 1916 house be your secret to property wealth?
As a property investor, what are you actually investing in? Things sure have changed over the last 100 years or so. I was looking over the shoulder of a student doing a deal in regional NSW the other day. The house was old – built sometime around 1916, though the council records didn’t go back […]
Are people really this ignorant?!?
This is the scariest statistic I’ve seen in years… Quick Quiz: How many people in the property market have no idea what they’re doing? 5%? 20%? 50%? All of the above? Someone forwarded me a recent study by investment bank UBS. They call it the UBS Evidence Lab Australian Mortgages survey. It aims to be […]
School of hard knocks now accepting enrolments…
Where would you raise $2,000 from if it was an emergency? Going broke hurts. I know from experience (divorce can do that pretty quickly). And it’s not really the money. Most people have the opportunity and enough time to rebuild their fortune again. There’s an emotional toll too. We live in a world where we […]
Why I’m relaxed about Aussie debt
Here’s some talking points next time someone throws that “highest household debt in the world” line at you… One of the themes doing the rounds at the moment is that Australian households have too much debt. This is the Achilles’ heel of Australian property. Aussie households are over-leveraged, and when things sour, they’ll be in […]
17 tax deductions you may not be taking full advantage of
You probably know that before I dedicated myself to property – in my former life – I was an accountant. So I have a built in automatic reaction now to sit up and take notice when it’s coming up to tax time. First of all, let me say that most people (including accountants) think in […]
A budget to annoy real investors
Investors keep taking hits as budget disappoints. Ok, a few people have been asking what I made of the budget. Here’s my thoughts: The Godot Surplus First up, overall, this budget looks like another piece of fiction – like every budget in the past ten years. We see the budget returning to surplus four years […]
But what about supply?
Last week, I gave a lot of airtime to demand, but not so much to supply? It was deliberate? Why? So last week I did a bit of a deep dive on affordability in Australia – looking at the key factors driving it and just what kids today can do about it. If you know […]
Property Affordability: So how do I buy a house, Grandma? [Part 3]
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I’ve been getting a great response to this series so far. A lot of young people have told me how refreshing it is that someone finally understands how hard it is to buy a house these days (which I proved in PART 1), and my analysis of The Big Five really opened their eyes to the […]
Property Affordability: How Did House Prices Get So Expensive? [Part 2]
![Property Affordability: How Did House Prices Get So Expensive? [Part 2]](https://iloverealestate.tv/wp-content/uploads/2017/02/iStock-627804968-1024x678.jpg)
On Tuesday, I showed you that young people are actually not smooshed avocado eating hipster whingers. (Who would have thought?) I showed you some amazing charts that prove just how much harder the property market is for young people these days. (If you missed it, Part 1 in this series is here.) Before I can help […]