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.
Writer C.R Read cautioned in 1853 “that Englishmen going to the Australian digging should search their souls and ask themselves ‘if they can stand a little colonial slang’”. This slang – our Australian slang – has been a lightning rod for pride, prejudice and confusion. “Dustbin language” writes one (not a huge fan), “people’s poetry”…
When you’re struggling to achieve financial freedom, rich people can feel like an entirely separate species. They move in different circles. They have different routines. They even seem to think differently from others. This is not a myth. Rich people are not actually different, of course, but they do act differently from those who are…
More than one-quarter of all residential properties purchased across Australia’s three largest states were funded entirely with cash in 2023, with buyers immune to recent interest rate hikes, according to a new report released by PEXA. PEXA’s 2023 Cash Purchases Report found the total value of cash-funded residential sale settlements (that is, properties purchased without…
It was four years ago when the World Health Organisation declared COVID-19 a worldwide pandemic. Since that time economic trends, including housing metrics, have been on a roller coaster ride. Although lockdowns and the uncertainty of vaccination programs are well behind us, the legacy of COVID will be with us for a long time yet….
Here’s an Important Financial Lesson That Could Set You Free. It’s one of my favourite stories – The Parable of The Mexican Fisherman. It’s short, fun, and packs an important message. Make sure to see my related questions at the end of the story to help with your own plans for wealth and prosperity. The…
Is fear holding you back? Maybe it’s in your career, your relationships, in your investment journey, or maybe fear is stopping you from achieving your dreams. If this is the case, you’re in good company so I’d like to have a little chat about common fears that hold people back and explore how to overcome…
In the past year, the rental market in Australia’s three major capital cities—Greater Sydney, Greater Melbourne, and Greater Brisbane—has experienced a narrowing gap between house and unit median rents. This trend offers critical insights into the evolving dynamics of the housing market, with significant implications for both renters and investors. Rental landscape of major capital…
It was four years ago when the World Health Organisation declared COVID-19 a worldwide pandemic. Since that time economic trends, including housing metrics, have been on a roller coaster ride. Although lockdowns and the uncertainty of vaccination programs are well behind us, the legacy of COVID will be with us for a long time yet….
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I feel sorry for property investors trying to make headway in real estate. They face the hurdle of significant media misinformation, which is underwhelmingly and unnecessarily discouraging, and social media which is full of “pretend gurus” who are prepared to sell you their secrets to instant riches in property. In my mind, they’re selling you…
The latest RBA cash rate announcement came as no surprise, keeping the cash rate on hold at 4.35%, with most economists agreeing the next move on rates will be down. What does this mean for borrowers? Well, borrowers could be thousands of dollars better off with substantial savings forecast for loan repayments over the next…
