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.
Australia, along with the rest of the world, is on the cusp of the largest intergenerational wealth transfer in history. Termed as the “great wealth transfer,” we’re looking at an eye-watering US$68 trillion (A$100.2 trillion) moving hands globally over the next 20-30 years. This shift, predominantly from the baby boomer generation, is not just significant…
The average new owner-occupier mortgage in Australia is now $636,597 – a new record high that is set to keep on rising alongside property prices in key states. Over the last 12 months, the national average has risen by $56,357, an increase of $154 a day, despite the fact the cash rate is at its…
Australia loves coffee. All you have to do is log onto Instagram any morning between 6 and 10 am to discover all the posts about how much we all crave the beloved brown beverage. It seems we can’t live without it. Demographers McCrindle surveyed 1,000 Australian adults and here are 4 interesting things they found……
Tenancy reform is making headlines this week after the NSW government announced a ban on ‘no grounds’ evictions. One fear associated with tipping the balance more in favour of tenants is that landlords could exit the market, and new investors may be dissuaded from purchasing property, thus reducing rental supply and pushing up rents. But…
In the sixth instalment of my in-depth series on property development, I’ll explain how to source and secure the perfect site for your project in order to maximise potential profits. Securing the perfect property is critical for the success of any investment career. Acquiring a piece of real estate that ticks all of the right boxes…
Money in the bank from households has fallen for the first time in a year, recording a sizable $11.5 billion drop in just one month. This is just the second drop in household deposits since the start of the rate hikes, according to the latest APRA monthly banking statistics for June 2024. That said, money…
A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures…
Here are a couple of recent outtakes from the business press: Australia’s unemployment rate rose to 4.1% in June from 4% in May, despite the addition of 50,200 jobs, including 43,300 full-time positions. This data further fuels expectations of a Reserve Bank rate hike in August. Federal Treasurer Jim Chalmers claims the government has created…
We’re in a hot property market at present, with more buyers looking to buy good properties than there are dwellings on the market, and selling agents are being overwhelmed with buyer demand, so how do you get a real estate agent on your side? Remember, the real estate agent works for the seller, and they’re…
Australia’s population reaches 27 million Well not 27 million exactly, but by the time you read this blog, Australia’s population will have easily surpassed this milestone. In Dec 2023, Australia’s population was 26.97 million, with an annual growth rate of 2.5%. This strong growth was driven by a high level of net overseas migration, comprising…
