Banks have kicked the can down the road. You’ve got another four months. In big news for the property market, the banks are extending mortgage freezes for another four months. Currently about half a million mortgages are on ice, with repayments temporarily frozen. This is substantial. It’s close to 10 percent of the market. And […]
This will test Melbourne’s property market
Melbourne’s property market is facing an epic test I know a few investors are eyeing the property market hungrily right now, trying to sniff out some bargains. So far, the market hasn’t offered all that much. Listings remain low, and with mortgage freezes in place, most potential vendors are taking a wait-and-see approach. I think […]
Humble Beginnings: Interview with ILRE coach Michael May
Today we’re sitting down with Michael May, one of ILoveRealEstate’s most esteemed coaches. As we go through his journey from strictly raised radiologist, to mortgage broker, property developer, and eventually full fledged investment coach, you’ll find that “humble beginnings” couldn’t be more of an understatement. Hope you enjoy. Hungry for more? To book a free […]
T-Bomb: The type of student I love to work with
Truth Bomb Tuesday: The secret to success is so simple, it’s almost boring. It’s one of my favourite sayings: How do you eat an elephant? One mouthful at a time. I love it because I think it captures two of the biggest barriers people have to overcome on their journey towards financial freedom. I think […]
The problem with work-from-home? The work, apparently.
Resistance to work-from-home points to the fundamental problems with jobs themselves. So this is a bit of fun. As I’m sure you know, a lot of us are working from home (WFH) these days. A recent Roy Morgan survey reckons that a third of the workforce are now doing their jobs from home. Working Women […]
When Do the Rich Make Money?
When it comes to the wealth of the rich people like to throw around a lot of assumtions, “The rich exploited this boom, or this guy just got lucky, ect. ect.” When in reality, the rich make the most money when times are tough and the ecomony is weak. This has been a repeating and […]
T-Bomb: What’s your lightning rod?
Truth Bomb Tuesday: Emotional energy must be released, or the universe will find a way for you. What’s your lightning rod? In my experience, we all have them. We all have these etheric aerials waving around, calling down high-voltage emotional charge. And sooner or later, BAM, lightning strikes, and you get an intense surge of […]
Raiding super to buy property – I wouldn’t.
Property is already shaping as the financial destination of choice post-crisis… One of the things I’m expecting to come out of this crisis is a “pivot to property”. Property typically does well in a crisis. It’s a stable asset class. Even if you look at something like the property busts in Ireland or the US […]
Why Aussies now worry about ‘the Chinese threat’
The world is taking a different stand on China these days. Australia is at the pointy end. What the economy wants and what the people want can often be too entirely different things. That was on display this week when US Trade Advisor Peter Navarro said that the US-China trade deal was ‘over.’ The markets […]
What you aren’t being told about Rental Gaurentee
Rental Gaurentees are a super common policy, often with new properties, often with negative gearing, it’s a tempting draw for investors looking for security… But it’s a con. And I’m here to tell you why, as a investor, you never win out on rental gaurentees. If you want to find out more about this type […]