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.
Believe it or not, Melbourne has one of the highest populations of millionaires in the world. But it has also been named one of the most unaffordable cities in the world to buy a home. And a recent report from the Australian Taxation Office revealed that two of the richest suburbs in Australia are in…
I received a question from a reader asking what would make a superior investment. An apartment in a blue-chip location, or a house for the same price albeit not in a blue-chip suburb. Will houses always deliver better returns? In general, houses often prove to be superior investments, mainly due to their higher land value…
The challenging conditions of the current property market have many first-time investors concerned. They don’t want to make a mistake – they realise that jumping in before they are ready could be costly. Do you want to avoid the common mistakes homebuyers make? Well…here’s a list of some of the common things I hear from…
Imagine you’re part of a group of cavemen, walking through the tall grass in the Savanna on the hunt for your next meal. Suddenly, a member of your group catches a glimpse of a lion out of the corner of their eye. The member motions to the other members of the group. In a split…
Foreign buyers are back in force with activity climbing 27%, according to the latest Foreign Buyer report. The Treasury has just released its latest data, detailing the activity of non-resident property purchasers across Australia for FY2022–23. Foreign buyers spent $4.9 billion on 5,360 properties which is a substantial rise from the previous year. Alongside a…
Did you know that you have many options when it comes to deciding the entity that should own your new property? Most property buyers, even seasoned investors, default to simply buying the property in their own name, but this is not always the best and most financially savvy choice. The legally recognised owner of a…
![[Podcast] Governments passing the buck for the housing crisis, blaming property investors, with Nicola McDougall](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/07/MY-podcast-581-Rental_crisis-Nicola-McDougall-1-270x200.jpg)
For years, the dream of homeownership has seemed increasingly out of reach for many. But what of those who can’t even afford to rent Social Housing? Waiting lists are overflowing and the number of available dwellings just needs to catch up. Today Nicola McDougall, chair of the Property Investment Professionals of Australia (PIPA) joins me…
Have you ever met a tradesman that has many unfinished projects at home? They have all the knowledge, experience, and tools to do this work themselves but fail to do so. Isn’t it ironic how these tradesmen will make improvements to a customer’s home but not their own? Why is it they put their customers…
In the fourth instalment of my series on development, I’ll walk you through each step of the development journey. Becoming a property developer, even dabbling in the idea of development as an adjunct to a more passive property investment career, is not as simple as it seems. New builds require extensive legwork and preparation, and…
When you’re buying property in this market you need to move fast. Days on the market are short at the moment (although they are starting to stretch). Property prices are still rising, although the pace is slowing, and if you’re sifting through the available properties when you find “The One” you need to be ready…
