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.
As we approach the release of Monday’s employment white paper we can expect to hear a lot about something called the NAIRU – the so-called Non-Accelerating Inflation Rate of Unemployment. This ungainly acronym, which currently dominates the thinking of both the Reserve Bank and the Treasury, derives its power almost entirely from the economic crisis…
Do you make the most out of your potential tax deductions? Do you keep good records to substantiate your tax claims? Well, you should because the ATO regularly targets property investors, so it’s important that you know what you can and cannot claim as a tax deduction. What can you claim as a tax deduction?…
House prices nationwide are poised to surpass previous peaks later this year, with strong migration, tight rental markets and low stock levels reversing the sharp falls of 2022 much sooner and quicker than expected according to Eleanor Creagh, Senior Economist at Proptrack. Creagh paints a picture of a market that not only dodged the major…
Victoria has led the states and territories in setting out a detailed housing statement that it says will help tackle the state’s housing shortage. Broad in scope and ambition, the plan includes new dwelling supply targets for Melbourne and regional Victoria, new fast-track deadlines for dwelling approvals and legislative reforms to protect private tenants. There…
![[Podcast] Predicted Plummets, Real Rises – how did economists get their property predictions so wrong? With Stuart Wemyss](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/09/MY-podcast-468-Stuart_Wemyss-03-270x200.jpg)
For more than a year the Reserve Bank hiked interest rates to the highest level in decades and there were lots of warnings about an imminent collapse of the Australian housing market. And these warnings came from banks and institutional economists as well as the usual property pessimists! Not many people expected interest rates to…
Most of us have heard about the concept of compound growth, the snowballing effect caused by growth upon growth. You know the kind of thing: – If you could fold a piece of paper 42 times it would reach the moon; or – 24 rabbits in Australia became 2 million in only a decade; or…
Airbnb has revolutionised the short-stay industry. Launched in 2008, it now eclipses the world’s biggest hotel chains. In Australia alone there are about 100,000 listed properties. But in dealing with both a digital platform and a private owner (or “host”, in Airbnb-speak), your legal rights as a renter (or “guest”) can be unclear – at…
Have you ever wondered what property goals the average investor is striving to achieve? And whether your goals are conservative or ambitious by comparison. Well, I’m going to give you a peek behind the scenes into the most common property goals I hear from beginning investors and real estate goals I hear from experienced investors….
The combined value of Australian housing rebounded to $10 trillion at the end of August, the first time the total estimated value hit double digits since June 2022. The increase resulted from a combination of higher values, with the median home value in Australia reaching $732,886 at the end of the month, and the stock…
There is a saying that success breeds success and this is no different for property investors. The vast majority of successful investors that I have met over my many years in the industry have shared many traits and commonalities. They all also share a desire to provide a better life for themselves and their families…
