Housing is an essential product. Depending on who you ask, coffee is oftentimes grouped in the same category. Australian housing is not getting any cheaper. The median house price in Perth has risen to $500,000. That median house price was only $157,000 only 20 years earlier, which is a 318% increase! Now Perth’s housing market […]
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If you’re planning to build a home in Perth, chances are it will take some time. It will certainly be longer than the average 6-8 months it traditionally takes to build a single-storey home. Now on its face, this should seem surprising to you. It certainly was to me when I heard media reports stating
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It should come as no surprise that home ownership is expensive. However, what may be surprising is the dollar value that you would need to buying a home. The media constantly portrays millennials as being victim to an overpriced housing market. Millennials also represent a material portion of the working population and have decades of
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I’ve been a landlord since the mid-2000s. Since then, I’ve both personally managed my properties as well as delegated this responsibility to professionals. For the most part, I’ve enjoyed the ups and downs that the role has to offer. It was only until 2019 that I decided to list some of our properties on Airbnb.
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My son began his professional career just after his 22nd birthday. He held a number of part-time jobs during his teenage years, mainly to fund his social life. However, this was the first job that was in an office setting and carried serious responsibilities. The job also had a starting salary of near $60,000, which
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There are two things in life that are absolute – death and taxes. Real estate is no exception. Real estate investment is a proven pathway to wealth creation. This is probably why around 20% of Australians own at least one investment property. However, real estate investment carries significant fixed costs, in the form of taxes,
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I started my Airbnb journey during an industry peak. Vacation rentals gained tremendous traction in Australia, not to mention market share away from traditional short-term stays. The business model itself was also very attractive – I could be my own boss, make my own hours and choose my renters. When the good times are rolling,
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Gratitude would be the term that I would use to describe my real estate career. Above everything else, it gave me the opportunity to restart my life and realise the Australian dream. Now I’m confident I would have made a good career for myself elsewhere. However, I don’t believe I would have enjoyed the same
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We’ve lived in four different suburbs since moving to Australia. Incidentally, we have spent a greater amount of time in each new suburb. While we grew more knowledgeable of the Perth area over time, we also became more selective of our living preferences. My journey across Perth’s suburbs We spent a total of three weeks
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When you’ve been in the real estate industry for as long as I have, you pick up a few things. Prior to arriving in Australia, I probably never held a hammer, let alone used one. Now, I frequently fix air-conditioning units, hot water heaters, and other fixtures at my properties. I am certainly no handy-man,
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