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.
Australians tucked an additional $6.53 billion away in the bank in May as household deposits continued to hit record highs. The total amount saved in the bank from households is now $1.481 trillion – the 11th consecutive record high, according to the latest APRA monthly banking statistics. This means household deposits have risen by over…
In my five-year study of the daily habits of the rich and poor, I discovered that there are two extreme types of relationships: Helpful Relationships and Toxic Relationships Helpful Relationships help lift you up in life and are always happy, optimistic, grateful, enthusiastic, open-minded, life-long learner types who help elevate your chances for success. Toxic…
![What your “date’s” coffee order reveals about them [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2017/11/coffee-2538290_1920-270x200.jpg)
Whether it’s chai, iced mocha, or just a latte, apparently the drink your date picks says tons about your potential together. Is there really a strong correlation between drink preferences and personality or is this all just made up? Check out the infographic below, see what you think and leave us a comment. Source: www.match.com ALSO…
Recently the Australian Taxation Office sent around a bulletin busting 5 common tax myths. Did you believe any of them? Myth 1: Investors can claim travel expenses to visit their residential investment property. Since 1 July 2017, investors can’t claim travel expenses to check on their residential investment property. This includes long and short-term rentals,…
Mortgage arrears have been rising from their COVID lows of just 1.0% in Q3 2022, reaching 1.6% in the March quarter of 2024. Although this was the highest reading on mortgage arrears since Q1 2021, the portion of loans falling behind on their repayment schedules was slightly higher at the onset of COVID at 1.8%….
Household wealth rose for a sixth straight quarter by 2.7 per cent ($431 billion) in the March quarter 2024, according to recently released figures by the Australian Bureau of Statistics (ABS). Total household wealth was $16.2 trillion in the March quarter, which was 10.2 per cent ($1.5 trillion) higher than a year ago. Residential land…
Buying your first home has always been one of the highlights of many people’s lives. It’s something that they’ve dreamed about and had to make sacrifices for to make it a reality. The thing is buying your first home is often imbued with emotion, which is understandable, but it’s not necessarily the best thing when…
Unsuccessful people do not read or educate themselves, preferring to spend time on Facebook, YouTube, Instagram or watching TV. They have very little self-control. Self-control is a muscle. When exercised it gets stronger. Daily self-improvement reading exercises that muscle. Daily exercise increases self-control. Daily meditation increases self-control. Pursuing a dream and the goals around a…
Australian home values have risen 35.6% since the COVID-19 pandemic hit Australia in March 2020. The market saw a strong cycle of growth through the pandemic, and a short-but-sharp drop in values following the commencement of the rate hiking cycle, and made a full recovery in value by November 2023, hitting fresh record highs each…
Right now things feel awful. Tuesday’s Westpac Melbourne Institute survey shows three times as many Australians say their finances have worsened than say they’ve got better, and twice as many think the economy is getting worse as think it is getting better. The national accounts show real income per Australian (adjusted for inflation) has been…
