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.
Over the past year, we’ve seen a notable surge in weekly rents for both houses and units, but here’s the kicker: unit rents are climbing at a much faster pace than those for houses. According to PropTrack’s data, house rents have jumped by 10.5% year-on-year nationally, adding an extra $55 to the weekly bill. However,…
Is money an important factor for a lasting relationship? Well, according to Finder’s latest research, millions of Australians have been dumped by a romantic partner due to their financial situation. The survey of 1,096 respondents revealed that 1 in 6 Australians (16%) – equivalent to 3.2 million people – have been through a break-up due…
In some of Australia’s most sought-after suburbs, finding a rental property is an increasingly herculean task. With a tiny fraction of properties available for rent tenants face fierce competition, driving up rental prices and exacerbating the existing rental crisis. High demand and limited supply are leaving many in a lurch. However, it’s not all doom…
Is Australia set to fall 200,000 homes short of target? Tom Devitt, Senior Economist at HIA, recently shed light on a concerning trend in Australia’s housing market. According to the latest HIA Outlook report, Australia is gearing up to construct just over one million new homes in the coming five years. This figure falls alarmingly…
Today I wanted to share my top wealth-creating insights. One I learned from our premier property training event – our 5-day Wealth Retreat. You see… As I start preparing the curriculum for this year’s event that will be held on the Gold Coast in May this year I’ve been reviewing my notes from previous years and…
Over the last few years there has been an uptick in landlords selling their investment properties, especially in Melbourne and Sydney. Data from PropTrack reveals a notable increase compared to last year, painting an intriguing picture of the current market dynamics. Investor sales on the rise PropTrack reports that in Sydney, during the December quarter,…
In the past year the Australian rental market has seen a remarkable surge in weekly rents for both houses and units. However, according to PropTrack, nationally, weekly house rents have climbed by 10.5%, marking an average increase of $55 per week. In contrast, unit rents have leapt by an impressive 17%, translating to an $80…
Forget the allure of Powerball’s staggering $200 million jackpot – a group of Australian property owners have already struck gold. Recent data from PropTrack reveals a fascinating trend: 67 suburbs where median house and unit prices have not just increased but doubled in the past five years. Where median house and unit prices doubled in…
The Commonwealth Bank, Australia’s biggest lender, is forecasting six interest rate cuts in 2024 and 2025 starting in September this year. They also expect dwelling prices to rise a further 5% in 2024. The CBA’s head of Australian Economics, Gareth Aird, says the recent rise in unemployment will force the RBA to take action to…
A panel of 31 leading economists assembled by The Conversation sees no cut in interest rates before the middle of this year, and only a slight cut by December, enough to trim just $55 per month off the cost of servicing a $600,000 variable-rate mortgage. The panel draws on the expertise of leading forecasters at…
