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.
![The Migration of the World’s Millionaires in 2023 [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/08/millionaires-1-270x200.jpg)
Just like everyone else, High Net Worth Individuals (HNWIs) travelled less than usual during the pandemic, and as a result, their migration numbers trended downwards. But millionaires and billionaires are on the move again and it is anticipated that 122,000 HNWIs will move to a new country by the end of the year. Henley & Partners’ Private…
There are bad apples in every bunch, and property is no different from any other industry. Unfortunately, the property sector is largely unregulated when it comes to fraudulent “aficionados” because a license isn’t required in order to describe yourself as an “expert”. So, it’s up to you to spot the real property consultant from those…
Everyone has a different idea of what success looks like. For many, it’s financial, while for others it’s success in personal relationships (although both feed into each other, that’s a blog post for another time). You may even have an idea of what a successful person looks like, and from that you have put together…
Forty-one per cent of the 177 self-made millionaires in my Rich Habits research study were raised in poor households. Yet, somehow they managed to break out of their poverty as adults. How? In my book, Change Your Habits Change Your Life, I shared the many wealth-building strategies/habits these future millionaires adopted, which were critical to their…
I’ve been a member of a club that I never knew existed until recently. I learned about this club when I read Yvon Chouinard’s book, “Let My People Go Surfing.” “I like to throw myself passionately into a sport or activity until I reach about an 80 percent proficiency level,” Chouinard says. “To go beyond that…
The number of temporary visa holders in Australia hit a record high in October of 2,664,523. Excluding visitors, the total was a record 2.32 million. Student visas hit a record high of 672,782, while working holiday visas have roared back to 159,638. It’s been well documented that this is causing some ructions in the rental…
Are you wanting to start investing to make your money work harder, but don’t know where to start? As a beginner, you are clearly going to need a certain amount of capital in the form of savings. I often get asked questions like; How much should I be saving? or How much do I need?…
Do you think that the cash rate will hold this month? Well, according to the latest Finder RBA Cash Rate Survey, more than 4 in 5 experts (82%,) believe the RBA will hold the cash rate at 4.35% in December, leaving 18% predicting an increase. The survey had 38 experts and economists weighing in on…
Internet entrepreneur Neil Patel shared 11 simple philosophies that changed his entrepreneurial life in a recent blog. I’ve found some of the best lessons I’ve learned are the simple ones. I’m still a voracious learner and if I haven’t learned something new by lunchtime every day I’ve had a bad day. I think the lessons Neil…
Aussies are still stashing cash, with household deposits increasing by over $7 billion in October and setting yet another record high at over $1.42 trillion. The latest APRA’s monthly authorised deposit-taking institution statistics show despite increased cost of living pressures, Australians are continuing to stash their cash in the bank, with more than $99 billion…
