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.
Crisis conditions have gripped Australia’s rental markets in recent years, with affordable rentals now few and far between. According to PropTrack, nationally advertised rental prices are up 43% for houses and 46% for units compared to pre-pandemic levels. In some markets, like Queensland and WA, median advertised weekly rents have surged by close to 80%…
Australia’s total credit card debt attracting interest charges has risen for the fifth month in a row, as households across the country struggle to get on top of their credit card debt. According to the latest RBA credit card statistics for the month of April, the total credit card bill attracting interest on personal credit…
We all know how important childhood experiences are in shaping your beliefs as an adult. Of course, we’re not born knowing how to make money – so we learn it from our parents, teachers, peers, cultural community, etc. and this shapes our views for the rest of our lives. But I was fascinated to read…
It seems as though there are always stories about the challenges of housing affordability in the media. And this seems to be dividing us into a nation of those who are property owners and those who believe property will always be unaffordable. I remember during the property boom of 2106 and 2017 it was all…
Have you considered getting involved in property renovations? Making a tidy profit renovating a property seems like a very attractive proposition, doesn’t it? And that’s why more real estate investors are turning their aim to renovations. You know… buying low, renovating cheaply and adding substantial value is the aim of the game. It sounds simple…
The number of buyers entering the property market has continued to grow in the past year despite the cash rate peaking in the current rate cycle at 4.35%. The latest ABS Lending Indicators show the number (in original figures) of first home buyers, owner-occupiers and investors in total has grown by 31% annually with 50,188…
Australians looking to buy a property will now need to save as much as $65K more than 5 years ago as booming house prices hiked up how much buyers need to front up in order to buy their dream home. Australia’s property market defied the many doomsday forecasts and moved through the bottom of the…
Post-COVID housing stress has been especially intense in Queensland. Brisbane property prices have climbed by 65% since the pandemic began. That’s almost double the Australian capital city average (34%). According to new data released by CoreLogic this week, Brisbane now has the second-most expensive housing in the country, behind Sydney. Prices rose by 1.4% in…
The Australian economy came close to a standstill in the first three months of this year. March-quarter economic growth sank to just 0.1%, meaning that, when adjusted for inflation, there was hardly any more income, spending or production than the quarter before. Treasurer Jim Chalmers said the figures “laid bare” the weakness of the Australian…
![[Podcast] The 106 suburbs that are cheaper to buy in now than five years ago revealed, with Dr. Nicola Powell](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/06/The-106-suburbs-that-are-cheaper-to-buy-270x200.jpg)
There are 106 suburbs across Australia that are cheaper today than they were five years ago, new analysis shows, despite house and unit prices doubling at the same time. That’s one of the reports from Domain that I’m going to chat about today with Dr. Nicola Powell, Domain’s Chief of Research and Economics, and we…
