Timing market cycles is high risk – but should be considered! This is an example of why it is important to have a long-term view when you Property Select.
If you own a property and want to consider diversifying your assets, it may be time to consider commercial property investment via direct buying, listed trusts and unlisted trusts. Commercial property is normally a superior cash flow focused investment, vs residential property historically provides the greatest returns through capital growth. Commercial property is traditionally more [...]
The suggestion that you should have a 50/50 balance of shares and property (or any other type of investment) is vastly oversimplifying the concept of diversification. I mention this because I have heard this statement uttered many a time. Ultimately, people who make ‘one size fits all’ investment statements are neglecting the most important element of the equation, YOU!
New data from the Australian Bureau of Statistics shows that the percentage of properties bought by first home buyers in January was 17.9%, which is higher than the 10 year average.This is great news and highlights that the regulatory and government policy changes over the last two to three years have taken affect, making it easier for first time buyers to get into the market.
The results are in! The top 10 locations with the lowest rental vacancy rates in 2018 have been revealed… But don’t be fooled, vacancy rates are not the be all and end all in property investment.
Another day, another story on why the roof is going to cave in on Australian property values – pun intended! Refreshingly, I discovered an article that took a different perspective and: 1. Took the time to explain what needs to happen for a property Armageddon. 2. Then explain why this is unlikely to occur.
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.