The Great Australian Dream We Were Sold
First Time Property Investing
by Luke Moroney
3y ago
It’s easy to see why the great Australian dream emerged, and it’s easy to see why it flourished. The war was over, good had prevailed and the world probably seemed a lot simpler. New immigration initiatives had people calling Australia ‘the land of tomorrow’, and a taste of hope and recovery was on the wind. It even lead to the emergence of strata living; stretching this philosophy of ownership to shared buildings. Even today we have one of the lowest population densities in the world; fitting ⅓ of the UK’s population in a country 31 times the size. There’s more than enough space for everyone ..read more
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Don’t Underestimate the Value of an Informed Local
First Time Property Investing
by Luke Moroney
3y ago
Whether you’re looking across the farthest seas, or perhaps just to the next state over, a pair of locally tuned eyes can be an indispensable tool in any successful investment plan. I’ve said it time and again, but it deserves specific emphasis. No matter how smart or perceptive an investor is, they aren’t omnipotent. A local expert can bring a unique perspective, wary of the minutiae and micro-economics of a given location. In the most far-flung markets especially, a local can provide knowledge that you won’t be able to find anywhere else, through experience and graft. General market trends a ..read more
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How To Avoid A Strata Nightmare!
First Time Property Investing
by Luke Moroney
3y ago
Strata living is a decidedly Australian phenomena, created half a century ago in order to make  chasing the Australian dream just a tad easier. It’s since been adopted internationally as a means of giving those living in apartment blocks and shared sites greater ownership rights, freedoms and sort of self-governance. Of course though, cohabitation can easily breed conflict, and that Australian dream of ownership can devolve into a nightmare of internal squabbles and a feeling of powerlessness. A key problem with strata living is perception. That Australian dream has twisted the concept so ..read more
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A House on the Water!
First Time Property Investing
by Luke Moroney
3y ago
One look at a population distribution map of Australia and it’s obvious we are a people of the sea. Beaches, BBQs and a curling waves; icons of Australian culture the world over. We’re a nation of surfers, swimmers and sailors; with boat ownership experiencing a year on year rise that now sees 13% of Australian households having some sort of watercraft. It’s a passion we share with our Kiwi neighbours. Auckland is known as ‘the city of sails’ for good reason; playing host to more boats per capita than anywhere else in the world. What then, is stopping the most maritime inclined from making the ..read more
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Room for One More? Multiple Families Living Under the One Roof.
First Time Property Investing
by Luke Moroney
3y ago
It seems an unlikely trend, but it’s one on the rise. The number of families inhabiting one dwelling remains relatively low in the grand scheme, but it’s jumped from 1% to nearly 2% in a very short period of time according to the latest census data. Younger generations are getting onto the property ladder later in life than their forebears, and baby boomers are more receptive to having their children live home for longer, or even return to live at home later in life. Immigrant families also have a higher tendency to share property when first arriving, often with friends or family who are alrea ..read more
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Left out in the Cold: Are Seasonal Properties Right for You?
First Time Property Investing
by Luke Moroney
3y ago
Tourism is on an upswing, with foreign visitor numbers climbing steadily every year, with a particularly large surge in visitors coming over from China. When it comes to investing though, it always pays to get creative. Targeting deep-pocketed internationals in the old titans of Sydney, Cairns and the like may seem like the best bet, but of late interest has been growing amongst domestic tourists for more specific holiday destinations. Which has inspired both would-be local investors and those in search of a domestic holiday home to dip their toes into the market. For first time investors and ..read more
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The Hows and Whys of Rentvesting
First Time Property Investing
by Luke Moroney
3y ago
There’s a stigma about renting, but slowly yet surely we are (thankfully) shedding ourselves of this misguided view. Renting conjures an image of stagnation, of treading water, but it can provide a solid living option in a desirable area that in turn partners well with another investment (or several). Especially for those who are just getting started on their first investments. This act, of renting one’s own primary property whilst buying and investing in property elsewhere, is what has come to be known by the snappy moniker of ‘rentvesting’. With year-over-year increases of property prices in ..read more
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Finding Clarity as a Castaway: What we can learn from Island Living
First Time Property Investing
by Luke Moroney
3y ago
Island living as a concept can conjure some very particular thoughts and feelings. Islands are the places of beaches, tranquility, sunset strolls and happily ever-afters. I think if we’re being honest, the thought of island living can even arouse a sense of the divine. Heavenly, pristine places of immense natural beauty far removed from the noisy and confusing world of man. Postcard places that don’t exist in reality or, perhaps due to the way we live our lives, we simply can’t envisage them as a place any sane person would live. Of course though, islands exist and people do in fact live on th ..read more
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HOW CAN I OPTIMISE MY RESALE VALUE?
First Time Property Investing
by Luke Moroney
3y ago
When it comes time to sell, you’re going to want your main focal points to be the market as it currently stands and where it’s heading, as well as getting a good estate agent to handle the sale. If you’re selling the property you live in, you need to take into account when it is you want to move and what the market will be like when you do. Selling is a lengthy process that can take upwards of 3-6 months, so you need a clear plan. In the early preparation stages, renovations and decoration can make a very big difference. Spending a few dollars here and there can see a dramatic increase in inte ..read more
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SIZING UP SELF MANAGED SUPER FUNDS
First Time Property Investing
by Luke Moroney
3y ago
A self-managed super fund can be a great means of saving on tax, and as a means to make meaningful investments, particularly in property, from within the fund. The amount of work involved however, alongside the constantly shifting laws and legislation around SMSFs, can leave the whole process feeling like trying to paint a car that’s already on the motorway. The main benefit of SMSFs is the flexibility and control they afford their members. The members of an SMSF are also it’s trustees, keeping control over the fund within a small group of between one and four. By keeping the interested partie ..read more
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