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.
It has been said that a picture is worth a thousand words. So limited words this week. I will let the charts and tables do the heavy lifting. So, what is going on in the new housing space? Here is a snapshot. Chart 1 and Table 1 show owner residents outnumber investors when it comes…
Put your hand up if you would like to be rich. Thought so. Now keep your hand up if you think that you can become rich. Not so many hands in the air. But for those who agreed with both statements: congratulations. You’re halfway to becoming wealthy because you’ve got the right mindset, which is…
It’s official – housing affordability in Australia is at a crisis point. A startling report by the Real Estate Institute of Australia reveals that families are now allocating nearly half of their income to mortgage repayments. Specifically, the average household spends just shy of 48% of their income on home repayments. The latest Housing Affordability…
It’s undeniable – Australia is in dire need of more homes to combat our ongoing housing crisis. The federal government has ambitiously pledged to construct 1.2 million new homes by 2029, but given the deep-seated issues plaguing the construction industry and the escalating housing affordability crisis, this target appears increasingly challenging. A decline in building…
Is Australia growing too fast? That’s the question we’re going to ask today. Joining me today is Ross Elliott, a seasoned urban development commentator whose recent article has stirred the pot by highlighting the consequences of Australia’s population surge, especially in hotspots like Southeast Queensland. His insights shed light on the pressing issues that come…
The housing sector in Australia is at a crossroads. With housing approvals at their lowest since August 2009, we’re facing a situation where the current housing shortage could worsen unless decisive action is taken. The challenges at hand Several factors are creating a perfect storm in the housing sector. According to Eleanor Creagh, Senior Economist…
Do you know the difference between price and value? Well, you should… because the two principles are quite different and can make a big difference to your chances of achieving financial independence or freedom. Wise words from the “Oracle of Omaha” Warren Buffett is an American investor, industrialist, and philanthropist and is widely regarded as…
Recent trends reveal a fascinating shift in the housing market: the pandemic-driven appetite for larger homes is making way for a growing preference for smaller, more compact living spaces. This is particularly evident in the rental market. At the height of the pandemic, we witnessed an unprecedented demand for larger homes. People, adapting to remote…
When I began my Rich Habits Study, I wanted to know the answer to one question: why are some people rich and other people poor? Five years, and 51,984 questions later, I learned the answer – Habits. Habits dictate your circumstances in life. This is a truly groundbreaking discovery. Habits affect just about every aspect of your…
There’s a striking surge in property prices in select suburbs of Sydney and Melbourne, with some increases exceeding $240,000 over the short span of three months, recent data from CoreLogic reveals. This upward trend suggests a significant turning point, indicating a sustained housing market recovery in 2024. Sydney In Sydney, the suburb of Longueville stands…
