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.
When it comes to investing your hard-earned cash, there are many investment options available – but my favourite is property. In my mind, if you want to develop financial freedom, you need to choose an investment vehicle that will generate wealth-producing rates of return. I know of no better option than property based on its…
An understanding of basic economic principles will set you in good stead to understand financial commentary, and political rhetoric and make your own assessment of economic risks and opportunities. That is not to suggest you need to become an economic expert but understanding some basic principles will go a long way. The foundation of economics……
If you’re interested in getting involved in property development, or even if you’re keen to do serious renovations, there is an important principle you must understand. It’s the basis of all feasibility studies and it’s called highest and best use. Just like smart businesses try and maximise the return on their assets, so should you…
Median prices have dropped in some of Australia’s posh neighbourhoods over the past year, but this doesn’t necessarily mean it’s a buyer’s market for those seeking a bargain. Nor does it mean that all properties in those suburbs have fallen in value. In fact amongst the myriad property statistics available these days median price is…
Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom. If it’s not clear to you why events overseas influence Australia’s interest rates, which are meant to be set to control Australian inflation, read on. US…
Now that our property markets are on the move no Sunday morning is complete without checking the weekend clearance rates, especially for property pundits in Melbourne and Sydney. That’s because the auction results are a timely gauge of conditions of what’s going on with the housing markets especially in our in our 2 big capital…
If you’re planning to sell your home adding value to your property doesn’t need to cost a small fortune. If times, and the purse strings, are tight then there are still things you can do to boost buyer appeal or even generate some more equity without breaking the bank. While a major renovation can add…
The recent decision by the RBA to raise interest rates may have surprised some people. While some argue that rates have already increased significantly and coupled with rising living costs, this could eventually control inflation, it is important to recognise the persistent threat that high inflation poses to an economy. Furthermore, central banks aim to…
A new report forecasts that overall capital city asking rents will rise by between 7% to 10% next year. According to Louis Christopher’s Boom and Bust report Perth is expected to record the largest increase in market rents of 12% to 15%. While Canberra is forecasted to record the largest declines of -6% to -2%. According…
Property interest payable on dwellings increased from $45 billion to $91 billion in the 2023 financial year, more than doubling in recording an increase of +102 per cent. Good news for banks, I guess but will most likely be crippling for household expenditure, consumption, and retailers over the next year… Gross incomes per capita increased…
