Perhaps a softer property market will allow you to buy a future home now for below intrinsic value – especially if you plan to upsize or downsize in the next few years. Purchasers are in a stronger position in a softer market – especially with a backdrop of lower median property prices and lower auction …
If you sell a dud investment property, you may have to pay capital gain tax (CGT), selling costs and then stamp duty again when you reinvest… it can be a very expensive exercise! And if you have owned the property for a while, it is probably putting money in your pocket each month (i.e. more …
In Melbourne, investment-grade apartments have not appreciated in value very much in the past three to five years when compared to houses – as illustrated by the chart below. I would like to explore why this might have been the case and share my opinion of whether this performance differential will persist. What are investment-grade …
If there’s one thing that never changes, it is the fact that the government continues to tinker with the super rules throughout federal budgets and election campaigns. Changing the super rules is an easy way to raise tax revenue as any changes do not tend to cost votes. The reason for this is that for …
No one wants to buy at the peak of the property market! Imagine if you buy a property and then a month later property values fall and it takes more than 2 years to recover to the amount you paid for it. That two years of holding costs (interest) for no gain. Would you kick …
It seems that almost weekly a media outlet runs a story about the ‘so-called’ housing affordability crisis in Australia. The most recent segment I watched on TV this week suggested that Sydney is the second most expensive city in the world behind Hong Kong… really? Have they been to New York and Paris? Buying a …
It’s tough to make predictions, especially about the future – Yogi Berra Quite often we think a complex problem requires a complex solution but often that’s not the case. “What should I do with my money now so that I can enjoy a comfortable retirement?” seems like a complex question to answer. There are so …
My sons will turn 10 in January next year and I worked out the Melbourne median price could be circa $1.4 million by the time they are 20 years old. This means that a 10% deposit plus stamp duty will cost them over $200,000! Where will a 20 year old get that sort of money …
I am an analytical person by nature which is probably why I enjoy finance. I feel most comfortable when decisions can be made on numbers and logic alone. But the older I get, the more I appreciate that things are rarely ‘black and white’. Or put differently, if you treat things as ‘black and white’ …
I realise that most people in their 20’s and 30’s pay very little attention to their superannuation because they cannot access it for 30 to 40 years – or possibly longer. In fact, it’s likely that the government will push out the retirement age (i.e. when you can access super) to match the aged pension …
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