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.
Life has a way of going wrong. When things go wrong, our natural inclination is to blame someone or something. This knee-jerk reaction helps protect our fragile egos, by taking individual responsibility for our actions, out of the equation. Blame is anchored in negativity and negativity is the default mode for those who are unsuccessful…
There are 2,640 billionaires globally, with a total net worth of $12.2 trillion, according to the 37th annual Forbes list published in 2023. And Australia is home to 139 of them. The thing is, each of these billionaires – whether they rocketed to success due to property, the stock market, business or even mining -…
Despite being one of the least dense countries, Australia has some of the highest home prices in the world. Domain’s latest Price Square Metre Report 2024 reveals that house prices per square metre (table 1) and unit prices per square metre (table 2) in capital cities have been trending upward over the past year and…
Some time ago I discovered the money secret that separates the wealthy and successful property investors from the average Australian. You see…I found out what the biggest obstacle was that stopped people from becoming wealthy. And I would like to share my findings with you today… For almost a quarter of a century, I have…
It’s four years since the COVID lockdowns started. The pandemic ended when it morphed into the less deadly Omicron variant in late 2021, but just as a sound can reverberate around a room the effects of the pandemic continue to reverberate in economies. Putting aside the long-term health impacts this note looks at 7 key…
As we step into the next decade, Australia finds itself at a pivotal juncture in its demographic trajectory. Data from ABS show that Australia’s population (now 27 million) is projected to reach between 34.3 and 45.9 million people by 2071. In fact, the current ten-year average annual growth rate (1.4%) is projected to decline to…
Sometimes good news is bad news. The good news about our unemployment figures and the number of new jobs created is, in some ways, bad news for those hoping for interest rates to drop. So what does the latest data mean for interest rates? How does the Reserve Bank even decide what to do with…
I guess it’s a sign of the difficult economic times. A growing number of Australians are embracing multiple job roles simultaneously. In fact, in December 2023, there were 970,700 multiple job holders, compared to 13.4 million single job holders, according to the latest ABS data. This was up 1.4% from September 2023 when there were…
Do apartments still make good investments? During previous property cycles new and off-the-plan apartments were popular with many investors. However, I’ve always maintained that most new and virtually all off-the-plan units are not “investment grade” properties. That’s because of their cookie-cutter designs, lack of scarcity, poor owner-occupier appeal, and propensity to create oversupply problems during…
Treasurer Jim Chalmers is leading a push to get private investors to help build more social and affordable housing. But we shouldn’t kid ourselves about where the money will come from. The defining feature of social and affordable housing is a big rental subsidy for the tenant, which no private investor will ever volunteer to…
