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.
We know we are experiencing a housing crisis, due to a shortage of dwellings to buy and rent and this has, in part, been brought about by challenges within the residential construction industry. Capacity constraints, rising costs, and tight housing supply have driven up prices for existing homes and rental rates. PropTrack examined the significant…
Australia’s national property prices reached a new peak in March, having lifted for 14 consecutive months in a row. The latest PropTrack data shows property prices have increased 1.57% so far this year to sit 6.79% above March 2023 levels. Compared to that 6.79% property price growth, wages grew at a (still impressive) 4.2% over…
The Australian home loan market is a vastly different place than it was a few decades ago. Today, there are a number of home loan products on the market designed to suit a range of financial circumstances. One of the these products is a home equity loan, which is a credit facility that taps into…
Our instincts helped get us out of caves and into centrally heated homes – but can they help us become better traders? Imagine you are one of our primitive ancestors. The world is a frightening place. Virtually everything is bigger, faster, hairier, and stronger than you are. The only advantage that you have is your…
Australia’s rental market is in crisis with vacancy rates at all-time lows, slim rental stock and skyrocketing prices. But there are some areas bucking the trend. New PropTrack data shows that in some regions, the availability of rental properties is actually increasing. Could this be a sign that our rental crisis is turning a corner?…
Is it bad to want to be rich? Let me ask that question a different way. Is it bad to want to be successful at your job or in your business? If your knee-jerk reaction is to say, “Yes, it’s wrong to want to be rich,” what you’re really saying is it’s wrong to want…
Australia’s biggest bank, CBA, has revised its cash rate forecast, reducing the number of predicted RBA cuts in 2024 from three 0.25 percentage point cuts to just one, scheduled for November. This decision comes on the back of stronger-than-expected inflation data from the ABS last Wednesday. Last week, Westpac’s economic team also updated the bank’s…
If you visit southern Greece or Tunisia, you might notice lots of white rooftops and white buildings to reflect the intense heat and keep residents cooler. It’s very different in Australia. New housing estates in the hottest areas around Sydney and Melbourne are dominated by dark rooftops, black roads and minimal tree cover. Dark colours…
Amongst the myriad property statistics available these days is one that sometimes is given too much attention if you ask me. I’m talking about median prices, which on a good day, can show property investors which suburbs they can likely afford to buy into. However, on a bad day, some people think they’ve made big…
Buying a property can be a real thrill. Walking through open homes, signing yourself up to a significant loan, becoming a landlord – it’s enough to get even seasoned investors a little giddy with the excitement of it all. Then… then the property just sits. And waits. Every now and then you check in and…
