Clients of mine last week were deciding whether to: buy a 1.5 million house in Chatswood (Sydney) to live in; or buy 2 x $750,000 investment properties, and rent a 1.5 million house instead (this is the now popular strategy of “rentvesting”) I’ve reproduced a hypothetical scenario in this article, and this is what the numbers show: […]
Would you live in a $800,000 better home, for free?
No one is going to their bank anymore
Deloitte published their Australian Mortgage Report 2017 last week (April 2017) and 60% of the industry leaders surveyed said mortgage brokers were the most influential information sources for consumers on mortgages. The internet as well as ‘friends and family’ also got a mention… but interestingly no one said traditional banks were the most influential source […]
Debt is not a dirty word
One feature of property is that you can apply leverage to it, and that can allow you to control a larger asset base, which can increase your potential returns. My example last week showed how an investment growing at 5% p.a. with more leverage can outperform an investment growing at 10% p.a. (see here) So […]