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September 25, 2015

13 common mistakes homebuyers make – and how to avoid them

Buying your next home, especially if it’s your first home, can be a daunting task. It’s exciting but full of complexities.


While it’s likely to be the largest financial transaction you’ll ever make, I’ve found that many homebuyers are poorly prepared to ensure they make a good purchase decision. And it’s not their fault. The system is stacked against them, with much of the power being on the side of the seller.

To help you, here are 13 common mistakes made by homebuyers – ones that you should avoid. Read more →

September 18, 2015

Why the inner suburbs are the place to invest

If you’ve been following my writings, you’ll know I strongly believe the inner- and middle-ring suburbs of our capital cities are the best place to invest in property.


The fact is not all land is created equal. Some suburbs will be more popular than others, some areas will have more scarcity than others and, over time, some land will increase in value more than others. Of course these are the areas property investors should target, as that’s where they’ll get above-average capital growth.

Read more →

September 11, 2015

Would you like to work 2 or 3 days a week?

What would you do with your time if you only had to work two or three days a week?


I remember the days when experts predicted we’d be working just 14 to 15 hours a week by now and would have so much leisure time we wouldn’t know what to do with ourselves. Instead, the official work week is still 38 hours and many Australians work considerably longer hours than that in order to finance their increasingly expensive lifestyles.

Read more →

September 4, 2015

It’s not really population growth that predicts property demand

There’s been a lot written about Australia’s strong population growth and how there’s likely to be twice as many of us in the next 40 to 50 years.


Apparently one baby is born every minute and 45 seconds and, sadly, someone dies every three and a half minutes. The net gain from overseas is one migrant every two minutes. This results in an overall population increase of one person every minute and 18 seconds.

Read more →

August 28, 2015

Most dangerous words in property investment

Today I’d like to share a memory from when I was still a novice investor. One of my early mentors taught me that the four most dangerous words a property investor could say were “this time it’s different”. Unfortunately I ignored his advice in my early days of investing to my detriment, as I found that history does in fact repeat itself.


The best way to explain what I’m on about is to look back over the last few years. While many of our property markets boomed, two extreme opinions materialised. Just trawl the internet and you’ll see there are two differing views about what’s ahead for property: one group’s been suggesting we’re in for a long-term property boom and another is suggesting the property markets are going to implode.

Read more →

August 21, 2015

Postcodes with higher risk of default on the watchlist

It should come as no surprise that with rising interest rates and unemployment some locations are more likely to be more at risk than others of residents defaulting on their loans.


The Australian Financial Review (AFR) reports that the National Australia Bank has red-flagged 40 postcodes where business and personal loans are in higher risk of default because areas over-rely on single industries for growth, have high unemployment, or property prices have run too hard.

Read more →

August 14, 2015

How important is timing the property markets?

Is it too late to get into this property cycle? Our property markets have performed strongly for a few years but now have slowed down a little, leaving many investors wondering, is it too late this time round?


They wonder if they’ve missed the boat this property cycle and I understand why they’re thinking this way. It’s partly because it’s often said that timing is everything when investing, but I’ll let you in on a little secret – that’s not really the case.

Read more →

August 7, 2015

What the APRA changes mean for property investors

There have been some mighty big changes going on in the world of property finance over the last month or so, some of the most significant and fastest occurring changes I’ve come across – and they will affect property investors to some degree.


To help you better understand what they may mean to you as a property investor, let’s do a Q&A.

What’s happened?

In short, the Australian Prudential Regulation Authority (APRA) has introduced directives aimed at curbing investor borrowing. The reason behind APRA’s involvement is the significant growth of lending to property investors, particularly in Australia’s two largest capitals property markets – Melbourne and Sydney.

Read more →

July 31, 2015

Ticking time bomb for off-the-plan investors

Thousands of investors face financial ruin because they won’t be able to settle the “off-the-plan” apartments they signed up to buy.


As if those who recently bought off-the-plan apartments didn’t already have enough to worry about, with a looming oversupply of new apartments and poor on-completion valuations, now tough lending criteria could mean many won’t be able to settle their property purchases.

Read more →

July 24, 2015

Australia’s a magnet for Chinese money

We know that China’s economic growth is what saved Australia from the recession many other countries experienced after the Global Financial Crisis of 2008-9. Its requirement for our mineral exports saved our bacon and led to a number of years of prosperity.


Today, even though the mining boom is over, Chinese money is still flowing into Australia in a number of other ways, including growing numbers of Chinese tourists, students, settlers and an increased bi-lateral trade relationship.

Read more →

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