May 6, 2022
As a new property investor, there are a lot of myths and misconceptions that you will need to navigate through. Some of these will be about what being an investor means and the type of people who get into property. Others will be about the best ways to invest and the types of properties you should be targeting or avoiding.
Here we cover the most common property investor misconceptions we regularly come across. As part of this, we will explore where these perceptions have come from and share our advice on overcoming them.
April 27, 2022
When building a high performing portfolio, it is easy to get caught up on the returns each new property provides. After all, it is only natural to want each of your investments to deliver the greatest yield possible. But if you just focus on growth and income, you will overlook a key characteristic of all strong portfolios – balance.
Achieving balance in your portfolio takes a lot of research and plenty of careful planning. It also usually requires a reasonable level of diversification within your investments. Here we look at why this is important and the best ways to make this happen.
April 21, 2022
Have you ever heard that old saying, “judge a person by the company they keep”? While this usually refers to people sharing similar personality traits to their friends, it also rings true for property investors. The people you surround yourself with can have a big impact on the property investment decisions you make.
Here we look at how this works and why this is the case. As part of this, we will look at the type of people successful property investors need in their life. We will also explore who you need to be wary of and the people who could be setting you back.
April 9, 2022
A look at the Australian property market update as of the 31st March 2022. The national monthly growth rate has rebounded slightly, with house values up 0.7% over March. This is despite the country’s two biggest markets both seeing a drop in median prices. But, with most of the smaller capitals experiencing stronger conditions, the general growth trend has continued for an 18th consecutive month.
April 7, 2022
In our experience, there is quite a strong sense of camaraderie between property investors. While we may compete for individual properties, we encourage other investors and are happy to see them succeed. Most successful property investors are also very willing to share their insight, particularly with those just starting their investment journey.
Here we share some of the best advice we have seen professional property investors share.
April 6, 2022
Many investors actively look to maximise the expenses that they can claim. But while this is an entirely reasonable approach, it is critical that you do not overstate or misreport your expenses. And an important part of this is understanding which expenses count as valid tax deductions, and which do not.
Here we take a closer look at an expense we are very familiar with – buyers agent fees. This is a cost many investors are happy to pay but are not sure how to treat come tax time. Can I claim buyer agent fees as a deduction?
March 31, 2022
Depending on who is describing them, the average property investor is generally depicted in one of two ways. They are either a wealthy property “tycoon” living a life of luxury off the income produced by their portfolio. Or they are a suburban “Mum and Dad” couple trying to build a better life for their family.
But, in reality, the average property investor is actually quite difficult to characterise. This is because the investor community is extremely diverse and comes from an increasingly wider range of backgrounds. The demographics of this community are also constantly changing and evolving as new investor types emerge.
March 26, 2022
When analysing the success of other property investors, we tend to focus on the positives. We look at the good decisions they have made and the good behaviours they have developed. And we hope that, if we emulate these, we can also emulate some of their results.
But to truly learn from the success of others, you also need to consider what they did not do so well. You need to look at the mistakes they have made and avoid falling into the same traps yourself. To help you with this, we want to explore some of the biggest regrets many successful property investors hold.
March 21, 2022
While we often talk about the Australian property market as a single entity, it is actually many smaller local markets. This is especially obvious right now, with property performance varying greatly across the country. But reporting market activity at a national level makes it easier to understand and helps us identify broad trends.
Here we look at the 5 biggest factors affecting real estate market performance right now.
March 16, 2022
As any successful investor will tell you, while buying your first property can be thrilling, it is only the beginning. To achieve your goals and truly secure your financial future, you need to keep adding to your portfolio. But how do you know that the time for buying a 2nd property has come?