Category Archives: First Home Buyers

The Ugly Truth behind Housing Affordability

// // // ]]>// Successive interest rate hikes and surging home prices in 2009 and early 2010 have brought housing affordability close to a record low in the June 2010 quarter. “There has been a dire lack of commitment in … Continue reading

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Sydney’s undervalued suburb

// // Located west of Sydney’s CBD, Granville’s median house price of $390,000* is relatively inexpensive for a location that is within the 20km benchmark from the CBD. Property prices in the suburb has been growing at an average of … Continue reading

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How to get off the rental rut

// // I know of quite a few renters, mostly young X & Y generation youths with good paying jobs who simply can’t put together a deposit towards a first home. They have been renting for years either by themselves … Continue reading

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Understanding property cycles

// // Source: propertyupdate.com.au The old adage that property prices move in cycles is certainly true. However, there are many sub-cycles within the Australian property market cycle – state cycle, the cycle within a large cluster of suburbs and even … Continue reading

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How to avoid buying a dud apartment

// // // ]]>// When buying an apartment, the same principles and good common sense apply and these include the usual location analysis, good public transport and amenities, attractive floor-plans and unique points of differences, modern conveniences such as reverse … Continue reading

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Most affordable suburbs to buy a house in Australia

// // // ]]>// Based on research by Tim Lawless, Director of Property Research at RP Data an appropriate benchmark for affordable capital city houses in Australia is $350,000 whereby there are still many opportunities to buy a house below  … Continue reading

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Things I learnt from Michael Yardney

// // // ]]>// In Michael Yardney’s book – How to Grow a Multi-million Dollar Property Portfolio – in your spare time, he shares with readers some of his most successful property investing principles. Although I did not agree with … Continue reading

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Things I learnt from Steve McKnight

Steve McKnight bought his first property in May 1999, a $44,000 house in West Wendouree, which is a suburb of Ballarat, a regional Victorian town about 1 hour’s drive west of Melbourne. From humble beginnings, the ex-Chartered Accountant has become … Continue reading

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Best-value beach suburbs in Sydney

// // // ]]>// Maroubra beach, Sydney Based on median unit prices, the following are the best-value beach suburbs in Sydney: Suburb Dist from CBD km 1999 2004 2009 Cronulla 30 290,000 432,500 410,000 Dee Why 22 263,000 390,000 435,000 … Continue reading

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How to get finance for your property

A few years back, banks and non-bank lenders were keen to finance homeowners who can demonstrate a steady income each month to repay their home loans. Since the global financial crisis, financial institutions are a lot more vigilant these days … Continue reading

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How to buy an apartment ~ 5 Success Principles

In my experience of buying properties, I believe in the following 5 most important principles: 1. Location I am cautious of the cliché “Location, location, location”. Sure, it is to emphasise the importance of location for a particular property. However, … Continue reading

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How to buy a good property ~ 5 Success Principles

In buying properties, particularly apartments, I believe the decision making process will be balanced and sound if 5 important principles are covered: 1. Location I hate the cliché “Location, location, location”. Sure, it is to emphasise the importance of location … Continue reading

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“Where would I buy my first property?”

// // // // The choice of location is by far one of the most important considerations in property investment. Properties which are close to public amenities such as transport, hospitals, shops, local attractions such as beaches, ocean fronts, parks, … Continue reading

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Things I learnt from Ian Hosking Richards

// I first read about Ian Hosking Richards in the April 2009 issue of Your Investment Property magazine. I was impressed by the way he managed to eventually quit his day job earning $35,000 a year in a warehouse. Through … Continue reading

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“How to buy my first property?” ~ Getting into the property market

First and foremost, investing in real estate is a long-term venture. When contemplating to invest in property, you must be certain you are able to afford holding the property over the long term (a minimum of five years) due to … Continue reading

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“What type of property to buy?”

The type of real estate may consist of vacant land, residential property which may include houses, apartments, commercial property and industrial property. The main factors which influence and determining the type of residential property to buy include the following: a) … Continue reading

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“Why do I need to buy a property?”

Owning a home or to use one of the most common cliché “to have a roof over one’s head” goes back to the notion of fulfilling the most basic of one’s need and livelihood. To most families, working towards eventual … Continue reading

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