David Johnston, Founder and Managing Director of Property Planning Australia shares his tips on the art of finding the next up-and-coming suburb, published in the Australian Financial Review.
Searching for the next up-and-coming suburbs and regional centres can be a risky exercise, but it has the potential to pay dividends. It requires a certain amount of crystal ball-gazing and a level of courage, but if you get it right, the rewards can be well worth the effort.
Property advice is still neglected and unregulated, much to our chagrin and to the detriment of many Australian’s.
This leaves the door open to property spruikers and anyone with an interest in selling property, to market their assets as great investment opportunities under the guise of property ‘advice’.
The conflict of interest is obvious – so why are property advisors held to a lower standard than those providing advice on mortgages, insurance policies and investing in shares?
The Royal Commission has handed down its recommendations last week and we agree with all recommendations, except one.
We wholeheartedly support increasing the barriers of entry to the mortgage broking profession. We particularly agree with the ‘Best Interests’ duty – requiring mortgage brokers to act within the best interests of their clients (and we’re surprised it’s taken so long!).
What we disagree with, is the recommendation for consumers to pay a fee-for-service to obtain a mortgage. Importantly, this proposed fee will mean that consumers will pay thousands for obtaining a mortgage, regardless of whether they engage a broker or go direct to the bank.
David Johnston, Founder and Managing Director of Property Planning Australia, shares his insights on the unintended consequences a fee-for-service will have on consumers.
Data from the Real Estate Institute of Victoria (REIV) last week showed that Melbourne house prices have been steady over the last year.
In the 2018 calendar year, the median house price has increased by 1.4% to $826,500 and the unit price increased by 1.8% to $597,000.
How can this be so when every other property data source proclaims that property values have reduced in the last 12 months?
The fall in property values in the Sydney and Melbourne markets has opened the door to first-home buyers getting a foot on the property ladder.
However one of the critical components (and therefore challenges) to making a successful property decision as a first time buyer is to select a high quality asset.
David Johnston, Founder and Managing Director of Property Planning Australia, shares his insights in Daniel Butkovich’s article “What first-home buyers need to do to crack into the market in 2019” for Domain.
Gentrification is the hot topic on every prospective property investor’s mind. So which are the suburbs in Melbourne to keep an eye on?
David Johnston, Founder and Managing Director of Property Planning Australia, shares his insights on promising suburbs in Kate Stanton’s article “Melbourne suburbs set to transform in the next few years” for Domain.