Buying your first home

A $25,000 Gift to First Home Buyers?

Should first home buyers be allowed to raid their super to fund a house deposit? “No”, declared Malcolm Turnbull boldly in 2015, before adding that it was “a thoroughly bad idea”. Then again, in 2015 the Minister for Networth also said that he thought Tony was doing a dinky-di job...

Buying your first home

Real Estate Mistakes

A couple of years ago I hosted a 13-week prime time television show. Don’t remember it? There’s a reason for that … it was axed after the second episode. I found out about its premature death via a text message (!) from the network. It started out promising — “We...

Money Management

The Power of a Simple Plan

A couple of years ago my wife dragged me along to the opening of an art exhibition. Dutifully, I stood there with a glass of bubbly in one hand and a quizzical look in the other. I felt as out of place as a sober dude on a dancefloor. Worse,...

Buying your first home

Meet the pizza boy with 14 properties

“Former Domino’s pizza delivery boy who earned $10 an hour owns 14 renovated properties and is now semi-retired at the age of 28 (and he says you can do it too)” read the headline this week. And all the renters groaned. Okay, so paint me purple and call me Dorothy...

Investing (property)

When will the housing market crash?

Donald Trump reminds me of the bullies who teased me at school. Anyone who stands up to him gets a put-down: ‘Crooked Hillary’, ‘Little Marco’, ‘Low Energy Ted’. His aim is to get everyone laughing at them, just like in a classroom. And like all bullies, he only wins by...

Banking

Why Your Bank is Lying to You

Malcolm, I feel for you, brother. On Wednesday, after the banks behaved like brats by not passing on all of the Reserve Bank’s rate cut, the Prime Minister held a press conference. He said — essentially word for word — the same things I say to my toddler each night...

Investing (property)

The Forty Thousand Dollar Phone Call

“NOW it’s mortgage brokers facing digital disruption in the third wave of property finance.” I read that headline earlier this week in much the same way that my three-year-old reads his bedtime stories. By guessing. “Mortgage brokers facing digital disruption” … hmmm, OK, so maybe it’s like Uber for home...

I Was Wrong

Today, I’m eating humble pie. I have to confess to you, dear reader, that a key ‘plank’ of the advice that I have written about for over a decade is, well, wrong. And it took a lovely couple to show me the error of my ways. For years, this young...

Investing (property)

How to save $83,913 on your home loan

Picture this: You walk up to your car and notice you’ve copped a parking ticket. Bastards! You swipe the ticket off your windshield and almost fall over. A $500 fine! WTF?! If you’re like most people, it’d give you the Kevin Rudds for the rest of the day. It might...

Buying your first home

A Shout out to all the Renters

I was born dangerously close to the VFL Grand Final. So when my mum brought me home for the first time, she was greeted by my dad and his mates (including the doctor who delivered me) drinking frothies and watching the game in the loungeroom. A generation later, things have...

Buying your first home

An open letter to the young people of Australia

There is hope. If you believe that your only chance of getting a leg up in the property market is by buying a dog box in Dubbo, I’ve got great news for you. If you’re tired of being beaten at auctions by cashed up baby boomers, who constantly outbid you with their abundant equity, their negative gearing, and their Self Managed Super Funds -- I’m going to show you how to get one up on them.