Monthly Archive for March, 2011

You will never become truly wealthy by being an employee

As I moved up in various companies, I took on more responsibility which meant longer hours, more stress and time away from home. I remember when I was earning $40k p/a I thought all my money problems would be over if I only earned 50k p/a. A few years later when I reached that goal I found myself in the exact same position as when I was earning 40k p/a.

The Pet Shop Boys got it wrong

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I confess I’m a child of the 80s and the Pet Shop Boys – despite what we think now – were musical gods. One of their songs stated “You’ve got the brains, I’ve got the looks, let’s make lots of money”.

Saving money never worked for me

Saving to buy Whiz-Fiz

When I was growing up, I was taught at a very young age that saving money is very important. I even had a Commonwealth Bank Dolomite account where I could see my savings increase over a number of years. It was 1989 and I clearly remember the day when my Dolomite account reached $10, wow what a milestone. I could buy 2 packet of chips, two chocolate bars and 100 packets of whiz-fiz. Saving really does work!

Brisbane median house prices to hit $1 million in seven years

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The Real Estate Institute of Queensland (REIQ) predicts the median house price in Brisbane is tipped to hit $1 million within seven years. The Gold Coast will follow in 2025 and the Sunshine Coast four years after that.

Force value in any market with a renovation/ granny flat package!

No time for renovation? Then look out for someone to renovate and add a granny flat for you! Every investor wants to attain capital gain and positive cash flow, but did you know you can create it in any market? Here is a fantastic new idea for anyone with property in NSW- particularly if looking for positive cash flow.

Beware of the property expert

There are hundreds of so called ‘experts’ in Australian property. There on TV, radio, magazines and of course the internet. Basically if you have bought a house you can be a ‘property expert’. Now there are some excellent commentators out there, don’t get me wrong but the majority just spill rubbish. For some reason to get the inside scoop you have to buy their property report or service, and if you don’t your investment will be met with certain doom.

Strata popularity increases need for landlord research

The increasing popularity of strata-titled rental housing has made it more prudent than ever for landlords to do their research when selecting insurance.

Australian property among the most expensive in the world

Australia’s most renowned housing bear, University of Western Sydney Associate Professor Steve Keen, an economist has been calling a top (and predicting a long and painful fall) for the housing market for some time. Unfortunately for Mr Keen he has been wrong time after time even losing a bet with Macquarie Bank’s Rory Robertson some time back which saw him walk from Canberra to the top of Mt Kosciusko wearing a ‘I was wrong on house prices’ T-shirt.

Money Doesn’t Exist Until It’s Borrowed

All of the paper money in your wallet or bank account is really debt. In earlier times, paper money was backed by gold or silver. After 1971, money became an IOU from the government. Today, money doesn’t exist unless someone borrows money.

Landlord insurance provides financial peace of mind

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While ownership of an investment property can provide significant financial benefits, many landlords want assurance that their property will provide a steady flow of rental income.