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.
In exciting news for the Melbourne property market – the recent Reserve Bank of Australia decision to reduce interest rates is expected to spark a wave of new residential property developments and attract a fresh influx of investors, setting the stage for a significant upturn in property prices. So, why are lower interest rates such…
It’s been two years of interest rate hikes, rising cost-of-living pressures, and constant warnings about mortgage stress. And yet, Australian homeowners are proving more resilient than many expected. The latest data from APRA’s Quarterly Property Exposure Statistics shows that offset account balances have surged to record highs, while mortgage defaults have fallen for the first…
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Hindsight is a wonderful thing, isn’t it? Let me ask you a question… with the benefit of hindsight and knowing what you know now, if you had the opportunity to do so, would you have bought an investment property 40 years ago? I bet your answer would be yes, realising that the median property price…
In a previous blog, I compared the financial and tax effectiveness of investing in property through your super (with borrowings) versus investing in property outside of super or sticking with the traditional approach of investing your super in an industry super fund, for instance (no gearing). I concluded that while the potential benefit of avoiding capital…
Cyclone Alfred will cost the March 25 budget at least A$1.2 billion, hit growth and put pressure on inflation, Treasurer Jim Chalmers says. In a Tuesday speech previewing the budget, Chalmers will also say that on preliminary estimates, the cyclone’s immediate hit to GDP is expected to be up to $1.2 billion, which could wipe a…
Here are 12 great vitamins for the mind from two great masters: Jim Rohn and Brian Tracy… 1. “I remember saying to my mentor, ‘If I had more money, I would have a better plan.’ He quickly responded, ‘I would suggest that if you had a better plan, you would have more money.’ You see,…
Buying your next home can be a daunting task, especially if it’s your first home. It’s exciting but full of complexities. While it’s likely to be the largest financial transaction you will ever make, we’ve found that many home buyers are poorly prepared to ensure they make a good purchase decision. And it’s not their…
We all know that money can’t buy happiness. If you’re unhappy before you make a lot of money then extra cash isn’t going to suddenly change your outlook on life. I have written in the past about people who win the Lotto and the fact that many of them end up losing their fortune. They’re…
Australia is changing. Our population is growing, our economy depends on migration, and our cities are expanding, whether we like it or not. But how will our suburbs actually change? Will we continue to sprawl outwards, creating ever-larger commuter belts, or will we finally start building smarter, more efficient cities? Let’s take a deep dive…
Many aspiring property investors are drawn to the idea of “no money down” deals—a dream scenario where you buy a property without using any of your own funds. It sounds too good to be true, right? Well, that’s because, in reality, it almost always is in the Australian property market, despite what some social media…
