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.
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…
Do you think much about how you spend your time? Or does your day just seem to fly past filled with tasks and other people’s priorities? Controlled by others? I recently read an article by Sahil Bloom that discussed who we spend our time with over the course of our lives. The insights I got…
I love ice cream. It is one of my greatest weaknesses. I like lots of flavours but my all-time favourite is mint choc chip. If there is mint chocolate chip ice cream in the house I can hear it calling my name, constantly! You know I can remember taking my son Nicholas to the ice…
In today’s episode, I’m not holding back. I’m going to tell you some brutal truths about property investing. That includes some of the things that can go wrong. Some of the frustrations of being a property investor, and some of how slick marketing can lead you astray. Stick with me, though, because it’s not all…
Record population growth will increase housing demand, both to buy and rent. Australia’s population growth has bounced back big time after the Covid restrictions and the country’s annual increase is currently close to 625,000. This likens to a 12,000 increase in the country’s population per week. This is twice the annual average population increase over…
Do you think you’re paying way too much tax? Well, according to new research by Finder, millions of Australians think too much of their salary goes towards paying taxes. The survey with 1,004 respondents revealed almost 2 in 3 (64%) Australians – equivalent to almost 13 million people – believe they pay too much money…
