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 is among the strongest global performers in terms of income mobility between the generations, according to a new Productivity Commission report. The country’s long-term economic growth has led to each generation earning more than the last, on average. Our report finds 67% of the so-called “Xennial” generation – those born in 1976–1982, on the…
Starting a family is one of the most significant financial commitments you’ll ever make, especially in today’s climate where the cost of living continues to rise, causing many Australians to tighten their budgets. According to a July 2024 survey by Canstar Blue, which gathered insights from 2,356 Australian parents, the average monthly cost of raising…
Negotiation is more of an art than a science. Skilful negotiation doesn’t come naturally to most of us – it’s something that needs to be learned, practised, and perfected over time. It’s often said that it takes 10,000 hours to become an expert at anything, which means that most buyers and sellers, who only transact…
I am about to shatter your very understanding of happiness. For some this may be discomforting; for others this may be a revelation. On any given day, if you ask someone if they are happy, their response will be dictated by their current state of happiness. If they are nearing, or in the midst of…
With spring around the corner, buyers, sellers and property professionals are gearing up for a lift in sales and listing activity – but for some sellers in Melbourne, Hobart and Sydney, spring does not necessarily mean that demand will lift. Spring can be a popular time for both sellers and buyers alike as the chill…
There’s a paradox about the way we respond to threats to the cost of living. On one hand, governments put in place subsidies for things such as rent and electricity, as the federal government did in this year’s budget. On the other hand, we get told these subsidies are inflationary because they put more free…
![[Podcast] The Great Wealth Transfer – Baby Boomers Passing the Torch to the Next Generation with Simon Kuestenmacher](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/08/The-great-wealth-transfer-with_Simon_Kuestenmacher-1-270x200.jpg)
Today, leading demographer Simon Kuestenmacher and I will explain why the 2030s is going to be an outstanding decade for property. Now and then there is a significant strategic shift that creates a substantial property boom. Today, you’ll hear why Simon believes the great wealth transfer of up to $6 trillion as the baby boomers…
The Australian Bureau of Statistics has released the July monthly Consumer Price Index (CPI) data. The monthly CPI indicator was 3.5% in the 12 months to July 2024, falling from 3.8% in June, the second monthly drop in a row. This is the lowest result since March 2024. The most significant price rises were Housing…
Melbourne has long been one of Australia’s strongest property markets, standing tall alongside Sydney. This has been thanks to its robust job market, high migration from overseas and interstate, and its reputation as one of the world’s most livable cities. However, in recent years, home value growth in Melbourne has languished while other cities continue…
Building homes is restricted mainly by planning red (and green) tape, high taxation, government munificence, and not being able to easily build what the market wants and/or can afford. Now that is off my chest – hopefully for the last time for a while – let me outline why stopping overseas migration isn’t really a…
