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.
No matter how experienced you are, when it comes to buying an investment property it can be tempting to throw caution into the wind and navigate the process on your own. But that would be a catastrophic mistake. Yes, it is true that independent people are often some of the most successful, but there is…
Many people think that in order to be successful they need to be perfect — perfect at business, perfect at the gym, and perfect when socialising with friends. I’m here to tell you that’s not the case, and there’s no need to place that much pressure on yourself. As I’ve written before, determination and persistence are…
A property’s value is typically divided into two components: the land value and the value of any improvements, such as the dwelling. Conventionally, land tends to appreciate over time, while buildings are said to depreciate as they get older and suffer more wear and tear. However, the rise in construction costs poses an interesting question:…
Well…It’s happened again. After keeping interest rates the same for four months, the Reserve Bank hiked interest rates last week, ending a four month reprieve for mortgage holders amid renewed fears that inflation is not falling fast enough. This means rates ar at the highest level since November 2011. So what will this mean for…
Our segregated cities keep rich and poor as far apart as possible according to demographer Bernard Salt. Writing in The Australian a number of years ago, Salt examined the richest and the poorest suburbs in Australia and concluded the poor are being flung to the city’s edges and the bigger the city, the farther the…
What is the difference between ‘wear and tear’ and ‘damage’? It’s a conundrum faced by many landlords, agents, and tenants, but why is it so confusing? Well, it is because there’s a very fine line between the different types of damage. Let us break it down for you… What is wear and tear? Normal wear…
In 5 years of studying rich people, I found they use a daily tool that never occurs to most of us We’ve all heard about to-do lists. The best to-do lists incorporate daily activities that help move you forward in life towards accomplishing your goals. But to-do lists alone will not make you a success….
Warren Buffett’s long-time business partner, Charlie Munger, who incidentally, will turn 100 in January next year, famously said, “The big money is not in the buying or the selling, but in the waiting.” The more investing experience I accumulate, the greater the appreciation I have for how true this statement is. It is interesting to…
Would you like to make money while you sleep? It’s the stuff that dreams are made of, isn’t it? If you think about it, most property investors buy and hold an appreciating asset over the long term. Sophisticated investors may even add value through a simple renovation or something more substantial like a development. However,…
It’s a universally acknowledged truth that you can’t have a successful property investment without tenants paying you rent regularly. But too many investors don’t put enough thought into who is the best person to professionally manage their properties – and many even try to do it themselves. Successful property investors, however, understand that they need…
