Reading Time: 2 Minutes Strewth, let’s not have too many months like March 2020 aye? Just negativity all round. It’s only in the last couple of weeks that we’ve had some sort of calm, courtesy of governments around the world throwing trillions to solve the crisis. For context, one trillion is 1,000,000,000,000. Anyhow, personally the new wealth has been impacted of course. The bulk of my equity is in real estate – which hasn’t yet been affected as much as the share market. But it will. Give it time. I wrote about it last time (read here). Not only values, but of course, tenancy arrears to come as well. Sigh,…
-
-
Coronavirus and its Impact to Australian Real Estate
Reading Time: 3 Minutes Hello everyone! How are we doing? Hope you’re not going stir crazy cooped up indoors all day! Lately, quite a number of people have asked what the impact of the Coronavirus will have on our housing markets. I wrote a very short paragraph in an earlier post Blueprint For Investing During The Coronavirus Pandemic but I feel like it deserved a post on its own. So here goes. “Takes a deep breath”. History This is an economic crisis as much as a health crisis. So firstly, it is important to look back on history and have a look to see what impact economic crises have had…
-
February Net Wealth Update
Reading Time: 2 Minutes What a rollercoaster the month of February was! I think the main theme has got to be the Coronavirus. Specifically, it’s impact across the global economy and the associated drop in share markets world-wide. I think the vast majority of investors – professional or not, have been caught up in the volatility. I am no different, and the overall net wealth has taken a bit of a hit. If you want to read about January’s numbers – you can do so here. Net Wealth Important Notes The numbers (apart from the individual shares), are rounded given property is an illiquid asset (meaning values are not representation…
-
We Bought Again! (Final Part)
Reading Time: 4 Minutes Hiya boys and girls! Been a lil while since I’ve seen you in these parts right. Excuse me, as I got caught up with all the craziness that’s been going on this week. But I’m back! With the final part of our latest property purchase. You can read part 1, here and part 2, here. We’ll be diving into the nitty gritty of it today. The numbers involved and the pros and cons of the property. Numbers So we secured this two bedroom villa with an offer of $220,000. Like I mentioned earlier, it was on the market for $279,000 initially. Given it’s size, I certainly…
-
We Bought Again! (Part 2)
Reading Time: 4 Minutes Hello again! Today’s post is the 2nd part of our latest purchase for the portfolio. If you haven’t read part 1 – why NOT?! Haha, read it here first! So, last time I went through my reasonings for buying in Perth, and how the market is finally starting to move based on the ground research. Mind you, I neglected to mention that initially I had my Sydney lens on when looking at property in Perth. Ummm… No. Sydney and Perth are vastly different markets. I mean, one starts with a “S” and the other… what’s that? Get on with it? I’m TRYING OK. OK fine. In…
