Michael has been once again voted Australia’s leading property investment advisor by the readers of ‘Your Investment Property Magazine’, but he’s not a theorist… He has been successfully investing in property since 1971 and is a leading property commentator and Australia’s most widely read property investment blogger. Join over 115,000 others who get their updates from Michael and his group of expert guest bloggers and benefit from their perspective.
Australia’s economy slowed sharply in the March quarter, growing by just 0.2% as government spending slowed and extreme weather events dampened demand. That followed an increase of 0.6% in the previous quarter. The national accounts report from the Australian Bureau of Statistics (ABS) showed annual growth steady at 1.3%, below market forecasts for an improvement…
![Here are the 13 biggest differences between the rich and the poor [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2025/06/ChatGPT-Image-Jun-3-2025-02_15_37-PM-270x200.png)
What are the biggest differences between the rich and the poor? I don’t mean the fact that the rich have more money. There is a lot more to it than that. In fact, that’s why Michael Yardney wrote his international best selling book Rich Habits Poor Habits together with Tom Corley. Their aim was to…
When I embarked on my Rich Habits Study I was not content with identifying the Rich Habits of wealthy people. Success habits only get you halfway down the field. In order to get down the rest of the field and score, you also need to know what not to do. That is why I also…
![[PODCAST] Resurgence of investment-grade apartment prices in Melbourne–Stuart Wemyss](https://cdn.propertyupdate.com.au/wp-content/uploads/2025/06/MY-podcast-677-Resurgence_of_investment-SWemyss-2-270x200.jpg)
Are Melbourne apartments the most underrated investment opportunity for 2025? For years now, investors and homebuyers alike have steered clear of Melbourne apartments—especially those in high-density towers—fearing oversupply, poor quality builds, and lacklustre capital growth. But what if that narrative is outdated? What if the very segment that’s been overlooked is now poised for a…
It seems the tide is turning for short-term rentals like Airbnb and Stayz across Australia. And if you’re a property investor, or considering becoming one, this shift is worth paying attention to. We’ve long known that short-stay accommodation platforms have disrupted the traditional rental market. In recent years, they’ve become particularly attractive for property owners…
Success is ultimately based on action but your beliefs determine your actions. And the big secret of the mega-successful for getting ahead is what they believe – full stop. Many people want to believe that it’s some unfair throw of the dice that makes some people succeed where so many fail, but that’s not really…
Reason #1: Uncertain how to become rich In my five-year Rich Habits Study/Research, I learned something profound: There are 4 very specific paths to accumulating wealth: Saver/Investor Path – Save 20% or more of your income and consistently/prudently invest those savings. Big Company Climber Path – Working for a big company and climbing the ladder until…
![[PODCAST] Unveiling the Truth: Melbourne’s Population Boom: What 9 Million People by 2050 Means for Property Investors – With Brett Warren](https://cdn.propertyupdate.com.au/wp-content/uploads/2025/05/MY-podcast-675_Melbourne_population-BW-270x200.jpg)
Imagine a Melbourne the size of New York City. Yes, really.That’s the trajectory we’re on. By 2050, Melbourne’s population is projected to swell to 9 million people, making it not just Australia’s biggest city by population, but potentially one of the most dynamic urban economies in the world. This isn’t some abstract urban planning fantasy—it’s…
Everyone loves a league table, and this list shows the largest 50 urban areas in Australia by the Significant Urban Area measure, using population data from the ABS for the year to June 30th 2024. Top 50 cities in Australia by population Rank Significant Urban Area – State 2024 preliminary ERP 5 year change % 1 year…
You cannot change the circumstances. But you can get stronger, wiser, better. Life is about constant, predictable patterns of change, and the only constant factor will be our feelings and attitudes toward life. We as human beings have the power of attitude and that attitude determines choice, and choice determines results. All that we are and…
