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.
If you’re thinking of taking the next step into a new family home, one of the big questions to consider is whether you should you buy or sell first? David Johnston, Founder and Managing Director of Property Planning Australia, shares his insights in Daniel Butkovich’s article “Should you buy or sell first? Experts reveal the best strategies for upgraders” for Domain.
More Data Reinforcing The Weak Returns Of New Apartments – Something We Have Been Banging On About For Almost Two Decades
Apartments are again in the media being highlighted as a poor choice when it comes to property investment and here is yet more data to prove it. Peter 'the Property Professor' Koulizos sheds more light via data based metrics on the importance of picking an asset where the majority of the value is derived from the land, rather than the building for InDaily.
There are plenty of considerations to take into account when determining your plan to enter into what we call at Property Planning Australia the ‘flexibility stage of life’. David Johnston, Founder and Managing Director of Property Planning Australia, shares his insights in Kate Stanton’s article “What matters most when choosing a home for retirement” for Domain
Investing in a well selected family home with a long term view can be a great way to create wealth. A Property Plan that factors in downsizing the home enables us to plan to access equity at this important time of life. David Johnston, Founder and Managing Director of Property Planning Australia, provides his insights in Paul Chai’s article “Secrets To Successfully Downsizing Your Home” for The Age.
Is upgrading the home part of your future property plans? Flat or negative price growth in the property market may be the perfect opportunity to make take this leap. Founder and Managing Director of Property Planning Australia, David Johnston, provides some of his insights to negate the risks of upgrading in Daniel Butkovich’ s article on Domain.