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.
When it comes to investment, we’ve all heard about the concept of compound growth. It’s the powerful snowballing effect caused by growth upon growth. It’s the ability for money to grow in value by ever-increasing multiples of itself, which, over time continually gets larger and larger. Thanks to the power of compound interest, for example,…
Many experts assure us that past performance is a good indicator of what to expect in the future. I have investigated how they rely on past performance to make their forecasts and have come across a huge contradiction. Some analysts claim that a history of strong growth is a reliable predictor of more growth to…
The world’s most liveable cities have been revealed for 2024, with two Australian cities making the top 10. The Economist Intelligence Unit (EIU) has released its Global Liveability Index 2024 – which ranked Melbourne in 4th place (down from 3rd place in 2023) and Sydney in 7th place (down from 4th place last year). The…
I’ve been at this Rich Habits thing for 17 years now. I’ve written extensively about the habits parents need to instil in their children for them to grow up to be happy and successful in life. An easy measure of success is money, so you can’t dance around the reality that realising success also means,…
I’d like to share with you some of my thoughts on risk, and how it relates to your investment success because I believe that what most of us have been taught about risk is wrong. In fact, it’s probably holding you back from obtaining real wealth. If you are like most investors, somewhere along the…
Working from home (WFH) is a type of flexible working arrangement that allows an employee to work from a remote location outside of corporate offices. Before COVID-19, just 13 per cent of people aged over 18 with a job reported WFH all or most days. Since the pandemic, however, this trend has shifted significantly. According…
![How much coffee is too much? [video]](https://cdn.propertyupdate.com.au/wp-content/uploads/2016/10/coffee3-Copy-270x200.jpg)
Ever wondered how coffee affects your brain? Apparently, Kaffa (coffee) was discovered in Western Ethiopia when a shepherd noticed his goats were more active after eating coffee beans. If like me, you like your coffee, you’ll enjoy this short (1.24 minute) humorous video explaining how it affects you.
Let’s look at the Baby Boomer generation — a large generation born in the 18 years following the end of World War 2 when the birth rate shot up to 3.5 children per woman. The medium Baby Boomer was born in the mid-50s, which means that they entered university – if they went to university…
I keep careful track of consumer confidence because it’s a good indicator of what’s ahead for our economy and property markets. And the latest ANZ-Roy Morgan Consumer Confidence report shows it increased 2.6pts to 83.9 this week after the Reserve Bank of Australia left interest rates unchanged. However, despite the improvement, looking longer-term the index…
Achieving financial freedom is a goal for most people. Unfortunately, the reality is that not that many people will achieve it. So what is financial freedom? There are lots of definitions but I like the one from T Harv Eker: “Financial freedom is simple: it is the ability to live the lifestyle you desire without…
