2020 was a challenging year for many people. Job losses, sickness, changes to schooling, toilet paper shortages and cancellations of travel and events have left many households in a stage of recuperating, rescheduling, and restarting. The global pandemic affected everything, and property all over Australia saw new trends emerge to what is now an extremely… Read more
How do you know if you’re ready to buy an investment property? A quick hint: you’re here, reading this right now. That means you’re thinking about it, at least. 0. You’ve been thinking about it. Perhaps you’ve been thinking “Maybe I should get an investment property?” or seen your friends and family buy their first… Read more
There’s a timeless battle that will continue to cause controversy between avid investors for years to come. What should I invest in – property or shares? Below is a detailed comparison of the two options for you to make up your own mind. Property vs Shares – The Ultimate Battle Start-Up Costs of Investment Buying… Read more
Property investment is a big commitment, and to ensure you’re making the right decision it’s important to understand your motivation for investing. Everyone has a different WHY. So, what’s your WHY? Prospa Property Advisory’s Managing Director and Principal Strategist, Adam Hindmarch knew his WHY from a young age. After growing up in social housing, he… Read more
How is Owning an investment property like having a business? For some investors, the process of securing an asset might seem like the most challenging step in building wealth.Hunting down an opportunity, negotiating terms with stakeholders, engaging professional advisors and ensuring contract completion and handover can seem exhausting. Once the keys are in hand… Read more
At Prospa Property Advisory we regularly speak with investors about the benefits of building a brand new investment property, rather than buying an established property. I know what you’re thinking: it sounds like a headache, particularly if you’ve never built a home before. Or, if you’ve had a negative experience with a builder before this… Read more
Our world has evolved to the point where specialisation is now common place across a range of disciplines. In truth, most of us excel at something – a particular talent we perform at a well-above-average standard. It therefore follows that in other fields, there will be qualified folk who can tackle tasks that… Read more
Every year as we head into the new financial year, many taxpayers will be preparing tax returns and reliving the previous 12 months through the lens of credit card and bank statements. Without doubt, a number will realise they’ve, once again, failed to make investment plans to maximise their financial position both now and into… Read more
Can I Profit From a New Build? As someone who has advised on hundreds of properties through our network, it frustrates me when ill-informed commentators generalise that new builds are a below-par investment. Some mistakenly believe new constructions are generic – where every home in the estate is identical to its neighbours. They can’t seem… Read more