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.
Unit values in more than a dozen Sydney and Melbourne suburbs are on the verge of hitting fresh peaks. This comes as the pace of price increases gathers speed amid low supply and intensifying buyer competition, according to CoreLogic data. Last month, nearly two out of five suburbs nationwide reached new highs in unit values….
In this third instalment of the Property Development Series, I’ll walk you through the professionals you need on your side throughout your property development project. The property development process has become more complicated over the last few years due to the increased influence of the state government, local councils and various interest groups in the…
Buying a property can be nerve-wracking, especially for first-timers. Besides taking on the biggest financial commitment in your life, there’s the actual mechanics of buying the property. Most of the time in life, if we want to buy something, we just buy it, don’t we? We don’t really need to negotiate on price (well, except…
Today we’re going to dive into the world of wealth creation and breaking the cycle of poverty. Joining me is Tom Corley, who’s dedicated his career to understanding the behaviours that separate the rich and the poor. According to Tom’s research, only 4% of people born into poverty become rich. Now, that’s a shocking statistic….
The size of the average new owner-occupier mortgage in Australia has hit a record high, as borrowers sign up for bigger debts than ever before. ABS lending indicator data for the month of May, shows the average new owner-occupier mortgage clocked in at $626,055, the highest level in ABS records. This is despite the fact…
Capital Gains Tax or CGT is one of those taxes no one really wants to pay. In fact, questions around Capital Gains Tax are very common here on Property Update. So, let’s dive deeper into CGT so everyone has a better understanding of what it is and how you can minimise its impact on your…
When selling our home we all want the best price possible, while the buyer is usually after the best deal they can get. However, in the end, most houses sell for what I would call fair market value — the price a willing buyer will pay, and a keen seller will accept, given that neither…
When the topic of investing in apartments and managing strata levies comes up, it often generates some robust discussion. While body corporate or strata fees don’t seem to concern some investors, others avoid such properties like the plague. Is there a middle ground? And is buying a property with body corporates really a problem? Why…
Life is an illusion. You transform the illusion of your life into reality through your thoughts. That illusion, or vision, is what nudges you to take actions that are consistent with the illusion. This ability to create an illusion is actually one of our greatest gifts or powers. All human beings have the innate power…
It’s quite common for one spouse to assume the primary responsibility for managing household finances. Naturally, if one partner possesses a natural inclination or proficiency in financial matters, it’s logical for them to take charge. While it may seem convenient for one spouse to handle these affairs, it remains crucial for the other spouse to…
