API Online

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.

crawfordBY MICHAEL YARDNEY

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.

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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.

crawfordBY MICHAEL YARDNEY

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.

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July 17, 2015

“House prices 30% undervalued”: RBA researcher


Australian house prices are 30 per cent undervalued, the widest such gap in three decades, according to Reserve Bank senior research manager Peter Tulip.  

crawfordBY MICHAEL YARDNEY

That statement’s going to create some controversy.

Delivering the preliminary research results to a session on housing at the Australian Conference of Economists in Brisbane recently, and stressing that they should be attributed to him and not the bank, Tulip said that whereas a year ago home prices were “fairly valued”, today they’re about “30 per cent undervalued”.

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July 10, 2015

Housing markets to ease in 2017


Australia’s house prices are expected to begin declining in 2017 according to a new report from economic forecaster BIS Shrapnel.

crawfordBY MICHAEL YARDNEY

According to the company’s Residential Property Prospects, 2015 to 2018 report, low interest rates will support further price growth in undersupplied residential property markets in 2015/16, but the spectre of tightening interest rates, rising supply and deterioration of affordability will create conditions for price declines in a number of cities from 2017.

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July 3, 2015

7 ways to bleed the banks dry


Recently there’s been a lot of talk about banks changing the goal posts, making it harder for property investors to get loans. In fact, there’s nothing new about this.

crawfordBY MICHAEL YARDNEY

I remember not that long ago, in the years following the GFC, banks responded by removing many lending products from the market and tightening the reigns on lending policies.

While this can be frustrating for investors who are battling stringent requirements to finance their next purchase, there are several ways the astute investor can break through the lending ceiling.

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June 26, 2015

Don’t speculate in property hotspots


After all these years in property, I’m still surprised at how investors decide which property to buy. But it doesn’t surprise me why so many don’t get past their first or second property…

crawfordBY MICHAEL YARDNEY

Many people buy for emotional reasons and while others think they’re investing in property, for some they’re really speculating.

By definition, speculation is “the practice of engaging in risky financial transactions in an attempt to profit from short- or medium-term fluctuations in the market value rather than attempting to profit from the underlying financial attributes embodied in the instrument”.

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June 19, 2015

4 ways to use leverage to build your wealth


Have you ever wondered why it’s easier for people who have money to make more of it? Why is it that the second and the third million are so much easier to earn than the first million?

crawfordBY MICHAEL YARDNEY

Do you want to know what the biggest difference is between how wealthy people build wealth and how poor and middle-income people do it? It’s how they use leverage and I’m not just talking about borrowing money.

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June 12, 2015

The “secret” to property investing success


How do I invest? What approaches do I use and which strategies? These questions were recently put to me by a journalist wanting to write a feature.

crawfordBY MICHAEL YARDNEY

He also asked what’s been the “secret” to my success of building a substantial property portfolio.

Here’s what I told him…

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June 5, 2015

11 lessons from the 2015 BRW Rich List


There are always interesting lessons to learned by following the fortunes (and misfortunes) of others.

crawfordBY MICHAEL YARDNEY

While various studies show that around the world the rich keep getting richer, the recently released BRW Rich 200 list gives some insight into what’s happening to the fortunes of Australia’s uber rich, which can be summarised as follows: Property is hot and mining is not.

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May 29, 2015

5 things your tenants really hate


Fostering a good relationship between all parties to a tenancy will enable everyone to get so much more out of the experience.

crawfordBY MICHAEL YARDNEY

It’s basic logic. Treat your tenants with respect; be considerate of the fact that your property investment is their home and they will (hopefully) show you the same courtesy.

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