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.
One thing this latest buzz of investor activity in the property market has demonstrated yet again is that some newcomers to the real estate game still insist on going in blind. These first-timers operate under the assumption that any property makes a good investment and that if things don’t quite pan out, well you can…
Are you having a fence war with your neighbour? You’re not alone. Boundary fences are one of the major causes of property disputes between neighbours. So, do you know your rights when a new dividing fence needs to be put up between you and next door? And what happens if your neighbour suddenly announces he…
Morgan Housel wrote a great column at Fool.com many years ago where he explains that people usually get better at things over time, but there’s something about money that gets the better of us. It’s one of the only areas in life we seem to get progressively dumber at. He then outlined 77 Reasons You’re Awful…
Believe it or not, there is a Devil and an Angel residing in each one of us. The Devil says “Do it now” and the Angel says, “Don’t do it now.” The Devil goes by a more scientific name – the Nucleus Accumbens. The Nucleus Accumbens is part of the Limbic System, or mid-brain. It…
Household wealth rose for the fifth straight quarter (+2.8 per cent or $419 billion) in the December quarter of 2023, according to the latest figures released by the Australian Bureau of Statistics (ABS). Total household wealth was $15.7 trillion in the December quarter, which was 7.8 per cent ($1.1 trillion) higher than a year ago. Residential land…
When it comes to money, what we don’t know can hurt us. I’ve seen this truth play out time and again when people tell me they want to get serious about their finances. They want to invest. They want to make plans for the future. “Great,” I’ll say, “so what can you tell me about…
To all the high achievers out there, here’s a question: When did you last pause to acknowledge that ‘good enough’ can be a victory too? If you’re anything like the many ambitious property investors and business people I encounter, you’re probably your own harshest critic. You chase the extraordinary and, in doing so, you often…
Recently the NAB released a summary of recent business statistics, from interest rates to inflation to business confidence, and had a look at the key numbers affecting Australia’s economy. Here’s what they had to say: First rate cut forecast for November The cash rate remains at 4.35% for now with little chance of further hikes,…
Money in the bank from households continues to climb with APRA’s latest data showing Australians collectively stockpiled an additional $6.17 billion in the month of February. This takes the total value of household deposits to a new record high of $1.46 trillion. APRA’s monthly banking statistics released today also show that since the start of…
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It is impossible to become rich with a negative mindset. Negativity puts the brakes on success and wealth accumulation. It acts as an anchor, dragging you down into the abyss of poverty and poor health. It is virtually impossible to become wealthy without a positive mental outlook. Why? Tom Corley accumulated a treasure trove of studies…
