It’s a tough outlook for residential property — but there can be opportunities for the serious long- term investor at times like these. Auction clearance rates have also fallen dramatically over the past year, especially in Melbourne and Sydney, where they were above 80 per cent this time last year. Recent figures suggest that 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 …
Below is a recording of a webinar hosted by Wakelin Property Advisory and us on 13 September 2017. Jarrod and I provided an update on what’s been happening in the property market, tax changes and planning, an update on the mortgage market, an analysis of the recent super changes and we answered plenty of questions. …
A lot is always written about housing affordability and its impact on the younger generation. This is not something that is unique to Australians. I was reading recently that home affordability is one of the top three issues that young people currently grapple with in the UK. Buying your first home was a challenge 30 …
This short 5 minute video explains how to maximise your borrowable equity and why it’s important to do so. I explain what is borrowable equity, how it’s determined, 3 reasons why it’s important to proactively maximise it and how to maximise it. This is an important action in all environments. However, I suspect that it …
I’m sure you have seen the glossy ads espousing various benefits such as stamp duty savings, rental guarantees, discounts and incentives, state-of-the-art gyms, beautiful kitchen appliances, a concierge and the list goes on. As the title of this blog suggests, I strongly believe that off-the-plan apartments do not make good investments. And I put new-build …
The government is worried about the housing market becoming overheated. Median house prices increased by 8.1% p.a. in Victoria and approximately 13% p.a. in Sydney during 2016. The RBA has said that its worried that people are speculating on the property market and this is driving prices up. To counteract this risk, the government has …
I often get asked by clients when will property prices stop increasing? How much longer can they continue to rise? Do I think the market has any steam left in the engine? The blog below summarises four factors that I think are useful to consider to answer these questions. It’s critical to define the conversation …
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 …
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