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.
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…
![Positive mind, Abundant life | Rich Habits, Poor Habits [VIDEO]](https://cdn.propertyupdate.com.au/wp-content/uploads/2016/06/31566982_l2-270x200.jpg)
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…
With many commentators forecasting what’s ahead for property in 2024, many are focusing on the times we’ve experienced over the last few years and trying and extract the lessons we’ve learned. Rather than do that, today I’d like to remind you of some of the foundational principles I use to grow my wealth. Let’s look…
Over the past 12 months, CoreLogic’s Home Value Index has risen 8.9%, adding the equivalent of approximately $63,000 to the national median dwelling value ($765,762) and taking the index to a new all-time high in February. A recent suburb-level analysis found that 88.4% (4,087) of the 4,625 house and unit markets analysed nationally saw values…
Australia’s population keeps on booming. In fact, the population of Australia’s capital cities grew over 500,000 in the year ending June 2023, the largest annual growth recorded by the Australian Bureau of Statistics (ABS). Beidar Cho, ABS head of demography said: “Australia’s capital cities grew by a record 517,200 people last financial year, with this…
Demand for share housing has hit record levels according to data from Flatmates.com.au This surge is a direct response to the escalating housing crisis, where both buying and renting have become prohibitively expensive, driving more people towards shared living arrangements. 2024 Rental market overview: no relief in sight The start of 2024 has not brought…
Back in 2004, I began to research why the rich were rich and why the poor were poor. When I began my Rich Habits research, I had some entrenched negative beliefs about the wealthy that I inherited from my non-rich upbringing. As I learned more about the drivers behind wealth and poverty, however, my perception changed….
We’re living in interesting times, aren’t we? A time of social and political unrest but also a year into a new property cycle – a time when lifetime wealth will be created by some people, but unfortunately not by most. So as we head into the second quarter of 2024 I’d like to share a…
Australia is facing a significant decline in new home supply, plummeting to its lowest point in over a decade by 2026, This drop will exacerbate the challenges in housing and rental affordability, potentially leaving the federal government’s ambitious goal of constructing 1.2 million homes by mid-2029 far out of reach. In the capital cities alone,…
