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.
Are you looking for the fastest-growing areas for 2024? Australia’s population grew by 659,800 people (or 2.5%) to 26.8 million people in the year to September 2023, with Western Australia enjoying the fastest percentage growth rate of all the nation’s states (of 3.3%), according to the latest Australian Bureau of Statistics data. With 765,900 overseas…
There are so many things we all need to achieve to become financially successful and it can be difficult trying to keep on top of it all. When you first start looking at property investment, share investing, and wealth creation in general is him to be an overwhelming number of things to get your head…
![The Habits of Unsuccessful People vs. Successful People [infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/03/businessman-climbing-the-steps-to-success-HZUQUFE-1-270x200.jpg)
Succeeding is hard: it requires a lot of work, strong will and a great deal of patience. So what’s the difference between successful and unsuccessful people? It’s their habits. If you think about it, you are where you are in life today because of all the things you’ve chosen to do, and all the things you chose not to do. And if…
We’re now 16 months in to a new property cycle. Early in 2023 our housing markets reset, and property values started rising, despite the fact that the RBA kept raising interest rates. So what happened? What changed? And what does it mean for the future of our property markets? To help understand what’s ahead and…
Rental costs in Australia keep on increasing. Because of this, shared housing is quickly becoming the answer for many to the skyrocketing cost of living, according to new research by Finder. The survey of 1,070 respondents revealed more than 1 in 10 (12%) Australians – equivalent to 2.5 million people – have moved into shared…
Australia is slowly moving through an enormous (though temporary) spike in overseas migration. The ABS reports Australia’s population increased by 2.5%, or 660,000, in the year to September 2023. Its latest regional migration data reveals the areas with the highest migration levels through the 2022-23 financial year (FY23). This has been driven by a combination…
You may think that being good with money is something that you’re born with. Like being good at English or sports, perhaps you see it as a skill that some people just happen to have. I think this is a dangerous assumption, but, unfortunately, it’s one that many parents make about their kids. They categorize…
In my Rich Habits Study, I learned just how important your beliefs are for those pursuing success and wealth. The wealthy in my Study had very different beliefs than the poor in my Study. Beliefs represent the acceptance of something without any proof to back up what we accept as fact. They are almost always…
What approach are you using to make the vital decision of investing in the property market? In my mind, there are two approaches that I use when researching and analysing data in order to make an educated and informed decision. While both methods are important, the data used for each process will differ according to…
Have the Perth and Adelaide housing markets peaked? And if so, where will we find the next boom markets? The answer lies in who is doing the buying and selling. Experts commonly refer to a city’s median housing price when describing its performance, but this is misleading. The median price lumps all buyers and sellers,…
