There are heaps of adverts out there for people promising to be a ‘property millionaire’ in a matter of months or 5 years. Whereas this may be marginally possible with alot of luck, I like to file this in the ‘too good to be true’ basket. Being a property millionaire …
Having worked many years for a major developer on site in both Perth and Brisbane, I am all too familiar with valuers being extremely pessimistic in their ‘qualified’ opinions, and in some cases reporting on a new house and land package so low that the client’s couldn’t proceed. The truth …
Today’s interesting reading: The vast majority of property investors using negative gearing are “mum and dads” earning less than $80,000 a year, according to Australian Taxation Office data. Of the 1.266 million Australians who declared that the rental on their investment properties didn’t meet the interest payments in 2012, 883,325 …
