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.
Greetings! I want to be clear that I’m not trying to scare you. I have no idea what’s going to happen your investments, your job, the economy or the markets. But I do know that worrying about them doesn’t help. Let me repeat that. Worry is to feel or cause to feel anxious or troubled…
We know that we’re just not building enough homes despite soaring demand for more accommodation. According to PropTrack’s New Homes Report, December saw a 9.5% drop in total building approvals, a stark contrast to the modest 0.3% increase in November. This decline was particularly pronounced in unit approvals, which plummeted by 25%, and to a…
Overnight success is very rare. Success takes a long time. In my Rich Habits research, I learned there were three traits that were common among all successful people. Trait #1 Laser Focus Laser Focus is the ability to concentrate for long hours at a time. It is also the ability to quickly pivot and shift…
![[Podcast] Our no-nonsense Big Picture Podcast about the economy and property markets with Pete Wargent](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/02/Our-no-nonsense-Big-Picture-Podcast-270x200.jpg)
In this month’s Big Picture episode of the Michael Yardney Podcast, Pete Wargent and I dissect the multitude of macro-economic factors currently shaping our housing markets and the broader economy. There’s a lot to discuss today including the latest inflation data, this month’s RBA’s interest rate decision, and what both these mean for the future…
A recent analysis by the e61 Institute and PropTrack has shed light on the significant impact of Queensland’s 2011 stamp duty hikes. The numbers are telling: a sharp 7.2% drop in home purchases for that year. This isn’t just about sales figures; it’s about people – with a 9% decrease in relocations (equating to 20,000…
Over the past year, we’ve seen a notable surge in weekly rents for both houses and units, but here’s the kicker: unit rents are climbing at a much faster pace than those for houses. According to PropTrack’s data, house rents have jumped by 10.5% year-on-year nationally, adding an extra $55 to the weekly bill. However,…
Is money an important factor for a lasting relationship? Well, according to Finder’s latest research, millions of Australians have been dumped by a romantic partner due to their financial situation. The survey of 1,096 respondents revealed that 1 in 6 Australians (16%) – equivalent to 3.2 million people – have been through a break-up due…
In some of Australia’s most sought-after suburbs, finding a rental property is an increasingly herculean task. With a tiny fraction of properties available for rent tenants face fierce competition, driving up rental prices and exacerbating the existing rental crisis. High demand and limited supply are leaving many in a lurch. However, it’s not all doom…
Is Australia set to fall 200,000 homes short of target? Tom Devitt, Senior Economist at HIA, recently shed light on a concerning trend in Australia’s housing market. According to the latest HIA Outlook report, Australia is gearing up to construct just over one million new homes in the coming five years. This figure falls alarmingly…
My friends, I’m willing to bet that there’s something important you want to do. Badly. Problem is, you’re just not doing it. Isn’t that frustrating? It certainly has been in my life. In fact, I’ve found it so frustrating that I created a game to help. It’s called “Punch You in the Face.” Here’s how you…
