If you’ve ever purchased an investment property, you know that the total cost of acquiring the property can amount to significantly more than the contract price. Surprises on settlement day are never fun, so you need to make sure that you know exactly what to
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Results for week ending 12 April 2015 Sydney and Melbourne have picked up where they left off before Easter. Sydney is still pushing record high clearance rates. The Stat Auction clearance rates report the number of properties sold compared to the number of properties offered
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Recently I posted an article quoting this ancient Hebrew proverb from the writings of Solomon, the third King of Israel: “The rich rule over the poor, and the borrower is the slave of the lender.” Those are pretty strong words. According to Solomon, if you
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Nearly every investor I’ve worked with has shared with me a story of making an investing mistake. While some of those mistakes have been small and some have been big, others have proven to be fatal. The most fatal mistakes tend to have a lot
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What makes real estate valuable? What makes anything valuable, for that matter? Have you ever considered why oil has value? Why is petrol less valuable now than it was six months ago? What about gold and diamonds? Isn’t it just shiny metal and sparkly rocks?
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Results for week ending 29 March Sydney and Melbourne markets were again at full throttle and Perth bounced back from an extremely low performance last week. The Stat Auction clearance rates report the number of properties sold compared to the number of properties offered up
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If you own a business, you know that linear income, which is a one-time sale, is good, but residual income, which is a recurring sale, is the golden goose. For your state or territory’s revenue office, land taxes are the golden goose. That’s’ because taxes
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Results for week ending 22 March Auction clearance rates for Sydney and Melbourne continue to soar keeping results at six year highs. Perth failed to reach any height with a national low clearance rate of 17%. The Stat Auction clearance rates report the number of
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Have you ever heard of Solomon? If not, you’ve probably heard of his father, David. You know, the David that dropped Goliath with a rock and a sling, and later became the second king of Israel. This is the same David that saw a beautiful
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Having worked closely with many property investors, I’ve had the privilege of learning from other investor’s successes and mistakes. I’ve gained an inside look at the decision-making processes that people go through before buying an investment property. While a small minority is well calculated and
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