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.
2024 looks set to be another year of rising rents, stalling supply and intense debate over how to respond to the housing crisis. Occupying an increasingly prominent place in that debate is the YIMBY movement. Short for “Yes, In My Backyard”, YIMBY is a play on the well-known pejorative NIMBY, which has long been applied…
Does everything happen for a reason? To be honest I’m not sure, but I know that when I changed my outlook on life and started looking for lessons from not only the fun things but also the unpleasant experiences in life, I became a different person. I became more positive and I functioned at my best….
If you’re currently renting, this might sound all too familiar. However, for those who haven’t been part of the rental market for some time, the following revelation might come as a surprise: Over the past quarter-century, there’s been a significant shift in Australia’s rental market demographics. High-income households are increasingly opting to rent, creating a…
You know that old saying: “Success is 90 per cent perspiration and 10 per cent inspiration”? Well, I’d like to modify that equation slightly. I think success is made up of a number of important parts, but at least 50 per cent is good communication. What do I mean by that? In today’s tech age,…
Common wisdom seems to suggest that you should diversify your investments. But is this correct? In my opinion, it is wrong, in fact, I remember reading Napoleon Hill’s great book Think and Grow Rich many years ago where he also said that successful people specialise in one area they don’t diversify. On the other hand,…
The Reserve Bank’s decision to hold the cash rate steady at 4.35% in March wasn’t surprising. Many are betting on a downward trend in interest rates soon, though the exact timing remains a mystery, with some commentators now, believing it will be later in the year, initially hoped for. According to PropTrack’s Senior Economist, Eleanor…
Buying your first investment property can be both exciting and daunting. You’ve poured your hard-earned savings and/or equity into an expensive asset, and now you take on the responsibility of being a landlord and the challenges of property management to ensure you maximise the return on your investment property. Over the years I’ve seen numerous…
In an unexpected turn in the Australian property market, Adelaide and Perth are now nearly as pricey as Melbourne for the first time in up to 15 years, according to recent data. According to the latest CoreLogic Home Value Index, Adelaide’s median dwelling price jumped to $734,173 in March, a 1.4% increase, while Perth’s median…
New data reveals the Australian suburbs in each State where house price growth has outperformed the rest over the past 12 months. PropTrack data highlights suburbs with the strongest growth in values over the past year in each statistical area 4 (SA4) region, which are geographical areas defined by the Australian Bureau of Statistics with a minimum population…
It seems that Aussie households are struggling to clear their Christmas debts. In fact, credit card debt attracting interest charges has risen for the third month in a row according to the latest RBA credit card statistics. The total credit card bill attracting interest on personal credit cards is now $17.61 billion. At an average…
