The Wall Street Journal (WSJ) recently posted this article, Think New York Housing Is Expensive? Try Wollongong. It tells the story of Anika and Grant, a young Sydney couple who recently purchased a two-bedroom unit near the beach for AU$1.5 million. Putting no cash down, they tapped
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Results for week ending May 10 Sydney clearance rates remained at record high levels at 88.7%. Melbourne continued its strong performance. Canberra dropped off from last week’s high result. The Stat Auction clearance rates report the number of properties sold compared to the number of
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Every three months, the National Australia Bank (NAB) releases a quarterly update on residential property in Australia. Their findings are based on a survey of approximately 300 respondents consisting of real estate agents and managers, property developers, asset and fund managers, valuers and property owners.
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Results for week ending 3 May Auction Clearance rates were again red hot with the national rate of 79% the third highest on record. Sydney, Melbourne and Canberra all had results above 80%. The Stat Auction clearance rates report the number of properties sold compared
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The Sydney property market has been breaking records with a recent auction clearance rate of 88.3 percent. Melbourne wasn’t far behind, with 78.7 percent of auctions clearing. In fact, Melbourne’s outer east suburbs have been particularly strong, with clearance rates well above 90 percent. It’s
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If you’ve read Steve McKnight’s first book, you know that when he started investing in 1999, it was possible to build a passive income stream through buying positive cash flow rental properties. That same approach today, however, will not get the average investor very
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If you plan on investing in real estate, at some point along the way, you’ll need to sell property. In most markets, the most efficient way to sell is by using the services of a licensed agent. We talk a lot in our Property Apprenticeship
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What do you see as the greatest hurdle between you and your wealth creation goals? Is it the limited amount of time to search for deals? Would it be the financial constraints of pulling together deposits or getting loans? Is it a lack of property
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Results for week ending 19 April Sydney had a record weekend whilst Melbourne maintained its strong performance. Adelaide and Canberra continued clearance rates slightly above the 70% mark. The Stat Auction clearance rates report the number of properties sold compared to the number of properties
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Treasurer Joe Hockey recently introduced the government’s discussion paper on tax reform. He called it,“The start of a conversation about how we bring a tax system built before the 1950s into the new century.” The white paper’s primary objective is to make a case for
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