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.
Those who know how to manage money make it their slave. Those who do not, become its slave. In my research, I discovered specific money habits of the rich that they used to accumulate enormous wealth. Put Money to Work Accumulating money is good but it will not make you rich. You must put money…
The Victorian government will expand its vacant residential land tax to the entire state from 2025 as part of its plan to ignite construction and tackle the housing supply shortage. The tax is charged at 1% of the total value of the property and is currently only applied to existing residential properties located in the…
Are you looking to get into property investment, or maybe you’re keen to add to your existing property portfolio? With all the mixed messages in the media many Aussies are wondering “should I buy, should I sell, should I hold”? Well, maybe you should buy an investment property… But maybe you shouldn’t. Fact is, I’ve…
Is your mortgage stressing you out? Well, you’re definitely not alone. According to Finder’s Housing Market Report: Navigating Refinancing in 2023, with home loans at their most expensive in the last 11 years, Aussie mortgage payers have reached a breaking point. In fact, data from the research unveils that 62% of those who are planning…
I don’t know about you, but I am losing count as to how many new homes the federal government is promising to build over the next five years. At the time of writing, it is up to 1.2 million – or 240,000 per annum – between 2024 and 2029. The Albanese government will give the…
We lionize successful entrepreneurs such as Steve Jobs, Elon Musk, Bill Gates, Henry Ford and Thomas Edison. They inspire and motivate us to pursue greatness. We study them in order to learn their secrets to success. When we peel the onion on their success, common factors such as pursuing a dream, having a clear vision,…
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 depreciate as they get older and suffer more wear and tear. However, the rise in construction costs poses an interesting question: what impact do…
You’ve probably heard that repaying fortnightly or weekly can help you pay off your mortgage years earlier and save tens of thousands in interest. However research from RateCity.com.au has found that the way lenders calculate these payments could catch them off guard. If you’re thinking about switching to fortnightly payments to save money, remember that…
The property market has experienced an unusually high level of activity in recent months, marked by increased listings and sales in numerous major cities. PropTrack’s data show that buyers were out in force in August with the number of highly engaged buyers per listing up 14.5% across the combined capital cities. Now that Spring has…
There’s an old adage that suggests if something appears too good to be true, it probably is. This maxim seems to be increasingly relevant in today’s world of social media and instant access to information, where quick fixes and silver bullet solutions are routinely promised to those searching for financial success. Recent headlines emerging from…
