Good Deeds Blog

Capital growth or yield? Which will make you rich?

When it comes to giving investment property advice, I am a firm believer in QUALITY property, not quantity and capital growth is always my primary objective. I really don’t see the point in building a portfolio of properties that deliver high rents yet fail to grow in value. (I will put in a caveat, however: […]

Who is really making the decisions when you buy a property?

Veronica Morgan, principal of Good Deeds Property Buyers, is fascinated by consumer behaviour. In The Elephant in the Room property podcast, she is joined by Chris Bates, financial planner, mortgage broker and wealth coach and together they’re on a mission to uncover who’s really making the decisions when you buy a property. Hence the elephant: he’s a […]

Is it a good time to buy property in Sydney?

Lately, the press has been full of stories about the Sydney property boom being over. The boom did last for five years, so the end had to come at some point. The thing is, people are talking about this “boom-and-bust cycle”. They’re all waiting for prices to fall, or even to crash before they buy […]

Is your first home or investment property really your most important property purchase?

I recently heard a story about a young couple who saved like mad so they could buy their first home. They were buying in Sydney and prices were rising rapidly (this was back in 2016) and they despaired that they’d never be able to save enough to keep up with rising prices. A solution presented […]

4 types of property buyers who benefit most from a buyers market

There are 4 types of buyers who can benefit most from a buyers market, but there are also some common mistakes each of them must avoid making. 1. Upgraders The gap between what they sell and what they buy shrinks in a buyers market. This is a good thing! The opportunity you have been waiting for! […]

Does a slowing market mean time to buy?

Property market slowing down! Isn’t this what we’ve all been waiting for? The headlines are all doom and gloom. We’ve been here before, you know. Back in December 2008 we couldn’t pay people to take the plunge and buy property. The GFC had just hit and there was extreme uncertainty in the market. Then the […]

What are the risks of buying off the plan?

I want to say, up front, that I am not a fan of buying off the plan because there are a huge number of risks. And, it really bothers me that a succession of Federal and State governments continue to encourage first home buyers and mum & dad investors to buy off the plan just […]

What is land tax and is it fair?

Why Land Tax is unfair Property investors are often shocked when they get their first land tax bill. The first question they ask is “what is land tax and why do I have to pay it?” It seems that many accountants discuss federal taxes with their clients but little thought is given to this state […]