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If It Ain’t Broke, Don’t Fix It

This age old saying in the vernacular also works with mortgages. But why? Fixed interest rates on a home loan are often higher than variable rates, but it’s all dependant on the global bond market. Fixed rates are funded by the global bond markets, meaning the bank...

Why Haven’t Prices Plummeted?

We’ve got Covid, a recession and had lockdown all over the place, but property remains strong and seemingly getting stronger?We all remember the dire predictions in the press this time last year with most property pundits espousing everything up to a total collapse of...

How Many Property Booms Have You Missed So Far?

You can count them on this graph.Personally, I haven’t missed any since 1998. Can you guess why that is? The reason is because I bought my first property in 1998, so I’ve had my toe in the water ever since then. Sure, there have been a couple of slower periods in that...

How Fast is Your Dream Slipping……Ahh…..Powering Away From You?

Have you been keeping a close eye on the market lately? Haven’t we all! It’s hard to believe some of the crazy things going on at the moment. This makes it all the more important to take action so you don’t see your dreams like you see a jet fighter…………disappearing...

The Cheap Money Boom!

Are we really in a property boom period just now? Maybe, but is it really a property boom? What I believe we are seeing just now is the largest, most concentrated cheap money boom that I for one have ever seen in my entire life and I’ve lived a lot of my life, so...

Perfect Urban 5 Bed Oasis

522Have you got a ‘Brady Bunch’ family? Are Mum and Dad living with you?If either of these are true, this is the house for you. If you’re up for dual occupancy as an investment strategy, this works as well. The original home as a renovated self contained granny flat ...

Are You Positive that You’re Negative?

Jehoshaphat, “Negative gearing is the best property investment strategy”. Geraldine, “Are you positive?” Jehoshaphat, "Huh???" OK, so we’ve all heard about positive and negative gearing with regard to property investment. But which one is the best strategy? Put...

To Be or Not To Be……….a Rent-vestor.

It seems it was easier back in the olden days. Remember back when you were a kid? More to the point, remember back when I was a kid, back in the 60s and 70s. You either rented or you bought your own home. It seemed that there were only the privileged few who could...

5 Bedroom Brand New Near Elite Schools and Walk to the CBD

52 2The selling agent has made this property is available for PPBA to buy for you. Elevated position, literately brand new, yet retaining the classy Colonial look is this colossal 5 bedroom residence mere walking distance to CBD and surrounded by a number of the best...

If It Seems Too Good To Be True, It Usually Is!

Often forgotten words, but at the heart of the ‘get rich quick’ schemes is this well-known assertion. When was the last time you saw a ‘wealth coach’ spruiking the benefits of some new real estate wealth scheme? Last time you looked at your email inbox or your...
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Choices are getting difficult.

For the moment at least, choices are getting harder to make. If you’re trying to keep up with property prices by working harder and saving more, you’re currently fighting a losing battle. Right now, you’d be flat out keeping pace let alone getting ahead.

Saving for a new home is always going to be hard when property is increasing in value by around $1,000 per week. Even if you do so, much of your efforts would be in vain. At $1,000 per week, naturally, it’s only 10 weeks and you’ll be paying $10,000 more for your property. A recent Brisbane property being considered by a client increased in value to the tune of $90,000 in just two weeks. When we looked at it, it was valued at $605K. On the day we viewed it offers were going in at around $670K. Two weeks later, the book value was $695K. Can you believe that? There was nothing $90,000 extra special about the property.

If you know an easier way to earn $90K in two weeks, please let me in on the secret.

The question here is not so much where do you buy or what do you buy, but when do you buy. In this example, you can work, work and work to get nowhere, or you can get into the market now at what you can afford and let the market do the work for you. We can see here that if you wait at all, you’re going to pay a lot more. Conversely, if you’re in the market, you’re going to earn a lot more…..even while you’re asleep.

The point here? If you want to buy a $700K home, but can only afford $600K, buy a $600K home and live in it. In a year it will be worth $700K. Simple maths. If you don’t buy now, then what you can afford in a year will be a home that’s worth $500K now. The choice? Buy now at what you can afford and ride the growth wave or drop your standards later so you can buy whatever you can afford at that time.

What you buy and where you buy, do also have a bearing on growth rates too by the way. That’s where we come in here at PPBA.

To give you a hand with that, give us a call now:

0490 020 801

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