When we talk about success, we often focus on hard work, talent, and determination. These are undeniably crucial elements, but as Warren Buffett, one of the most successful investors of all time, pointed out, there’s another factor that plays an equally important, if not more significant, role: luck. Buffett’s concept, which he famously refers to…
![[Podcast] What if we stop immigration – will it really help our property markets? With Simon Kuestenmacher](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/09/Stopped_migration-with_Simon_Kuestenmacher-270x200.jpg)
Housing affordability, or the lack thereof, and the historically low vacancy rates, have often been blamed on a large number of overseas migrants coming to Australia, so what would happen if we stopped migration? That’s what I’m going to be discussing today with leading demographer Simon Kuestenmacher… However, this is a special episode of a…
![[PODCAST] The Property Dilemma: Investment-Grade Apartments or Secondary Location Houses? With Stuart Wemyss](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/09/MY-podcast-590-Stuart-Wemyss-03-270x200.jpg)
We all have a limit to our budgets, and I know many investors have to make the decision: should you invest in an investment-grade apartment in a prime location or a house in a secondary location? Each option has its benefits and challenges and choosing the right one can significantly impact your investment returns. Today…
It wasn’t that long ago that many pessimists were predicting that Australia would fall into recession, and while that hasn’t happened there is no doubt that Australia is navigating choppy economic waters. This has led to the term “stagflation” surfacing in discussions among economists and commentators. Stagflation—a rare economic condition characterized by stagnant growth, high…
Millions of Australians consider financial infidelity to be the ultimate betrayal in their relationship, according to research by Finder a couple of years ago. A nationally representative survey of 1,015 respondents revealed more than 1 in 5 (22%) Australians think financial infidelity is worse than their partner having an affair. Gen Z (27%) are the…
According to an article in The Guardian Bronnie Ware, an Australian palliative nurse recorded the most common regrets of dying in a blog called Inspiration and Chai. And among the top, from men, in particular, is ‘I wish I hadn’t worked so hard. Here are the top five regrets of the dying, as witnessed by…
There is one thing that the rich and successful know that the average person does not understand. And if you want to become successful – whether it be in business, investing or just in your personal life, it’s very important for you to understand this concept, because it’s the reason these people are rich and…
![[Podcast] Economic Indicators That Property Investors Must Know About | Big Picture Podcast with Pete Wargent](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/09/MY-podcast-610-Big-Picture-Podcast-Pete_Wargent-270x200.jpg)
Welcome to another monthly Big Picture episode of the Michael Yardney podcast. Each month, I get together with leading financial commentator Pete Wargent, who brings decades of perspective to his views. In this episode, we explore a range of topics from inflation and government spending to property investment strategies and market trends. The Reserve Bank…
I am a big fan of habits. Good ones that is. Of course, not all habits are productive ones. Some are bad for us, they stop us from succeeding, and they reinforce negative patterns that we’ve picked up from parents, friends or colleagues. No one is perfect, but I’ve found that the most successful people…
![[Podcast] The Shocking Truth About Property Taxes: Why Your Home is Unaffordable!](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/09/MY-podcast-601-Ross_Elliott-270x200.jpg)
In today’s show, I chat with Ross Elliot, a prominent voice in the property market and urban development. Ross recently penned a thought-provoking article titled “The Housing Fix We Actually Can Do,” where he delves into the impact of taxes on property affordability and offers practical solutions to this pressing issue. We’ll discuss the current…
