buying property investment
I was recently asked by Australian Property Investor Magazine to explain which research tools I use to make my property investment decisions. They probably thought I would quote the Australian Bureau of Statistics, SQM Research, RP Data and the like. While I use these great resources, that’s not the answer I gave.
Buying your next home can be a daunting task, especially if it’s your first home. It’s exciting but full of complexities. While it’s likely to be the largest financial transaction you will ever make, we’ve found that many home buyers are poorly prepared to ensure they make a good purchase decision. And it’s not their fault.
Is property still a good investment? The last few flat years in our property markets and concerns about the potential for future capital growth has some investors worried. They are wondering what’s ahead for property, especially as they’re hearing some commentators suggesting we’re in unprecedented times. You just have to look back further. The problem
Property investors seeking free advice can sometimes come at a very high price according to this article in the Australian. The article gives a case study of Brisbane mechanic Danny Baltzer who sees real estate as his investment of choice, as he plans for retirement in 10 to 15 years. “We are a typical family;
Failure is painful, right? And I’m not just talking about property investment. Well according to an article in Inc.com Geoffrey James says that’s not the case for successful people. The most successful people in every field (including real estate investing) don’t consider failure to be a particularly painful experience–because they think about it differently. Successful
You make your money when you buy your property, but I’m sure you know that. If that’s the case, why are so many investors lured by property developers’ incentives into over paying? Recently Sam Tamblyn, managing director of valuation firm Urban Property Australia, warned that buyers are overpaying as they are being lured by developer discounts.
Over the last year or two Melbourne’s property market strength has confounded many property pundits. Despite some areas of oversupply (like in the CBD apartment market and house and land packages in the outer suburbs) property values throughout most suburbs of Melbourne just keep increasing. In fact Melbourne dwelling prices have increased by 7.8% in