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.
It feels like we are living in busy times. According to the OECD Better Life Index, 12.5% of Australians report working at least 50 hours a week, higher than the OECD average. Many Australians are also working more than one job to buffer against cost-of-living pressures. Psychology has long been interested in our goals –…
Today, I look into an issue that’s causing ripples across the Victorian rental market and beyond. It’s the exodus of landlords. Joining me today is Mike Mortlock, Managing Director of MCG Quantity Surveyors, who recently wrote a detailed report about this. Not surprisingly, the problem isn’t just confined to Victoria. In general, many property investors…
In today’s fast-changing property market, one of the common questions I’m asked is “How much is that property really worth?” Obviously, that’s a good question – no property investor or homeowner wants to overpay. For products that are plentiful, transacted often, and largely the same as each other, determining market value is really easy. But…
Australia is becoming a more litigious society with more people considering suing and more lawyers opting to take on their cases for no upfront fee. While the number of lawsuits in Australia is growing, we’re still a fair way from the situation in the USA, where people have a 33 per cent chance of being…
Be careful – observing the change in median property prices may not be as useful as you think. So here are the main things you need to understand before you draw any conclusions from the regularly reported changes in median prices. How is the median house price calculated? The median house price is essentially the…
It is generally an accepted investment principle that diversification can reduce your risk and improve investment returns. The common vernacular is, to spread your eggs amongst various baskets. I would agree with this principle, so long as it doesn’t result in the deterioration of investment asset quality. Sometimes property investors should not diversify. That’s because…
Okay, so you’ve decided that you’re tired of living in your rental property or with mum and dad. You now want to become one of the millions of Australians who own their own home. So now what do you do? Here are 12 basic steps: 1. Check out your financial position First, you need to…
The new year is a neatly appropriate time to start something great. Of course, no greatness comes without hard work, so why not set up your mind and take a look at some wise hard work motivational quotes for work? These quotes have helped many and they will definitely lighten up your mood and direct…
There will be a 21 per cent jump in the number of millionaires in Australia over the next four years, mirroring a trend in developed and developing nations, according to the latest UBS Global Wealth Report. The number of adults worth $US1 million ($1.48 million) or more is expected to grow in 52 out of…
What does success look like? It’s fair to say that we’re living in some interesting times. People are launching lucrative careers through video platforms, such as YouTube, and making money from the number of social media followers they have. Good luck to those who are doing it, of course, but in this celebrity-driven era it’s…
