Australia’s population grew by 1.6 per cent in the 12 months to 30 September 2022, according to the latest figures released by the Australian Bureau of Statistics (ABS). Beidar Cho, head of ABS Demography, said: “Our population on 30 September 2022 is 26.1 million people after we recorded an increase of 418,500 people over the…
Robert Kiyosaki’s “Rich Dad, Poor Dad” series of financial books has changed the way many people think about money and investments. In my early days learned a lot from Robert Kiyosaki, even though I’ve come to disagree with his real estate investment philosophies, which don’t really work in Australia. I’ve quoted Robert on more than…
![[Podcast] Do you understand the Demographic Tribes and how they influence our property markets? With Simon Kuestenmacher](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Do-you-understand-the-Demographic-Tribes-and-how-they-influence-our-property-markets-270x200.jpg)
We all belong to one – a demographic tribe, that is. In fact, Australia is one big country of many tribes. If you don’t belong to the one, you don’t survive. Some are easy to find: it might be your footy team or where you work, the way you vote, or the way you dress….
It looks like 2023 is going to be a watershed year for property. Sure there are still many economic headwinds that we’ll encounter and this has led to many mixed messages in the media and this together with uncertainty about our economy and jobs is causing a feeling of confusion for many investors. But what…
![[Podcast] Why smart people do stupid things with their money, with Tom Corley](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/02/MY-podcast-443-270x200.jpg)
You’re smart. You’ve made a few dollars. You’ve done what the financial books have told you. You’ve listened to the podcasts; you’ve gone to the websites. So why isn’t it working? Maybe your emotions and expectations are getting in the way of good sense. Maybe you’re paying attention to the wrong people. We’ve all made…
I’d like to share how I’ll be investing in 2023. In fact, this is how our team at Metropole will be helping our clients invest in property in 2023. Whether you’re new to the game or you’ve already built a property portfolio you’ll probably benefit from what I’m about to share, because even though each…
Many consider Warren Buffet to be the world’s greatest investor. Buffett who is 84 years old is consistently ranked amongst the world’s richest people, is arguably the most successful investor of the 20th century and has an estimated net worth of $74 Billion. This means, he’s earned (on average) around $900 million each and every…
How long does it take for property values to double? After all, capital growth is one of the main reasons people invest in residential real estate. But it’s not that simple. The problem here is that naive investors believe this myth and buy any old property thinking it will double in value in a decade…
There are a number of definitions of wealth. True wealth is not how many properties you own or how much money you have, but what you are left with when they take all your money away — your health, your family, your friends, your spirituality, and your contribution to society. Yet another definition of wealth is…
![[Podcast] Avoid these property renovation mistakes that could cost you thousands, with Greg Hankinson](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/01/MY-podcast-438-Avoid-these-property-renovation-mistakes-that-could-cost-you-thousands-Greg-Hankinson-01-270x200.jpg)
Renovating a property can be a great way to create value and drive capital growth, but it’s not as simple as many people think. In today’s market, where property values are not expected to grow strongly for some time, many investors are turning to renovations as a way to manufacture capital growth. However, there are…
