Property buyers in Victoria are paying 6.1 times more for stamp duty than just one generation ago. In Victoria, wages have increased a bit over five times and the median house price has increased just over 12-fold times in that time. According to new PropTrack e61 Institute research, a full-time worker earning an average of…
Wouldn’t it be great to know how our property markets are going to perform this year? However my many years as a property investor have taught me not to try too hard to predict our markets year by year, but instead to take a long-term view, then allow for cycles around this long-term trend and…
![[Podcast] Our no-nonsense Big Picture Podcast about the economy and property markets with Pete Wargent](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/02/Our-no-nonsense-Big-Picture-Podcast-270x200.jpg)
In this month’s Big Picture episode of the Michael Yardney Podcast, Pete Wargent and I dissect the multitude of macro-economic factors currently shaping our housing markets and the broader economy. There’s a lot to discuss today including the latest inflation data, this month’s RBA’s interest rate decision, and what both these mean for the future…
Having a positive outlook on life is a crucial part of finding inspiration. So here’s 13 quotes to help you in the week ahead. 1. “Whatever the mind of man can conceive and believe, it can achieve.” – Napoleon Hill 2. “Strive not to be a success, but rather to be of value.” – Albert…
Today I wanted to share my top wealth-creating insights. One I learned from our premier property training event – our 5-day Wealth Retreat. You see… As I start preparing the curriculum for this year’s event that will be held on the Gold Coast in April this year I’ve been reviewing my notes from previous years and…
Do you want more money? Most Australians do. But for most their problem is not earning more money, it’s keeping the money they’ve earned. What are they doing wrong? Well… usually it’s their bad money habits that let them down, so here are 25 personal finance tips you should follow: 1. Start by paying better…
The Commonwealth Bank, Australia’s biggest lender, is forecasting six interest rate cuts in 2024 and 2025 starting in September this year. They also expect dwelling prices to rise a further 5% in 2024. The CBA’s head of Australian Economics, Gareth Aird, says the recent rise in unemployment will force the RBA to take action to…
One of the biggest changes over the time I’ve been investing in property is the abundant availability of property research data. Today there’s a plethora of statistics offered about Australia’s property scene – median house prices by the year, the quarter, the month or day, median advertised rents, rental vacancy rates, auction clearance rates, days…
![[Podcast] Breaking Your Wealth Barrier: Resetting Your “Wealth Thermostat” with Jackson Millan](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/02/MY-podcast-536-psychology_of_success-Jackson-Millan-270x200.jpg)
In today’s podcast we’re venturing into a fascinating area that intersects with both wealth creation and the human psyche. We’ve all heard of self-sabotage, but have you ever wondered why some of the most intelligent and capable individuals hit an invisible ceiling in their property, investment, or business ventures? Why do some people, despite their…
We experienced a wild ride in our property markets over the last few years, didn’t we? Remember the “once in a generation” property boom of 2020-21 fuelled by virtually free money when many properties increased in value by up to 30%. Then multiple interest rate rises and concerns about inflation led to the property market…
