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.
If you own an investment property and rent it out, you can write off a number of costs on your annual tax return. This includes claiming a deduction for any borrowing expenses incurred and any cost incurred for arranging finance to purchase it. Tax time is a big bonus for many Aussies with rental properties,…
It seems that green homes are easier to sell, according to Domain’s annual Sustainability in Property Report. Data from the report reveals that energy-efficient homes receive more attention from buyers nationwide, resulting in quicker sales compared to their non-energy-efficient counterparts (see Table 1). Table 1 shows the difference in how long it takes to sell…
Building a granny flat out the back of your property has fast become a popular way to increase your living space or even earn some extra rental income, but does it make good investment sense? According to reports, the number of granny flats being approved and built in NSW is at an all-time high. The…
Spare a thought for the word ‘no’. It gets a bit of a bad rap. It’s seen as a negative word to use, a slap-down, a refusal. And many people are uncomfortable with using it. They tend to stick to ‘maybes’ or they delay making decisions. Sometimes they will simply ignore an issue, hoping it…
In order to accomplish anything, you need a driving force, otherwise nothing will happen. A wish is not strong enough to make you take action. A wish is a weak desire. Only a strong desire can drive you forward, to act and accomplish aims and goals. I hope the following quotes help you reset your…
Victoria has become Australia’s second-most popular state for international buyers and tenants eyeing a move to the lucky country last month. New figures from PropTrack show that offshore demand for rentals is currently 32% above historical norms, with increasing interest coming from the UK, New Zealand, and China. Only New South Wales had higher demand…
As the year progresses and autumn turns into winter, at least here in Australia, it’s easy to lose sight of your goals. The New Year’s resolutions to eat less and go to the gym more may seem like a distant memory. The plan you had to boost your career by networking more may also have…
If you’ve been reading my blogs you’ve heard it before. But the message is so important I’m going to tell you again… Everyone has good and bad habits. Another way to put it is we all have rich and poor habits. In fact, I’ve written an international best-selling book called Rich Habits Poor Habits It’s…
Sometimes it can seem as though other people were born lucky. Rich parents, inspiring mentors, opportunities handed to them on a platter… it’s hard to believe the average Aussie can compete with this kind of advantage. But the truth is, most self-made successful people share a number of characteristics that have helped propel them towards…
More and more Australian property investors are moving into advanced strategies such as small property development as a way to grow their wealth. Of course, property development brings with it more potential financial rewards than traditional property investment, but it is not without it risks as well. There a number of factors that you must…
