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.
Australia’s total credit card bill attracting interest charges has dropped by $161 million – the largest drop since last July. This significant drop comes as they use money back from their tax returns to clear credit card debt. The last time debt accruing interest rose in July was 2009. Credit card statistics: personal credit in…
An estimated $2.6 trillion will be passed from Baby Boomers to the next generations in the 20 years to 2040 according to Philanthropy Australia. Families in Australia’s top suburbs for inheritances will hand down more than $3.3 million on average from one generation to the next, with children in Sydney’s harbourside regions edging those in…
Such simple stories are likely part of the explanation why polling by the Australia-China Relations Institute finds three-quarters of Australians think our economy is “too reliant on China”. In the middle of last year, indicators emerged that China’s large, and iron-ore-hungry, property construction sector was struggling. This meant, according to an analysis published by News.com.au,…
Australia’s economy grew a mere 0.4% in the June quarter according to figures released by the Bureau of Statistics today, a performance Treasurer Jim Chalmers describes as “steady in the face of unrelenting pressure”. The lacklustre growth follows growth of 0.4% the previous quarter, and is a step down from the growth of 0.7% in…
“Wealth is largely the result of habit” – John Jacob Astor It’s the little things in life that you do that lay the foundation for long-term success. The media loves to promote stories of the needles in the haystack – individuals who become overnight successes. But for 99.9% of the successful people out there, success is…
Negotiation is one of the skills developed by all savvy property investors. Over the years I’ve noticed that some people are very good at getting terrific deals. Most others simply get what the other party is willing to give. What’s the difference? The first group knows how to negotiate. In today’s episode, I sit down…
Is assessing Demographics an integral part of the way you build your property portfolio? If not you could be missing the key to building long-term wealth without significant risk. Understanding demographics could and should be the final piece of the puzzle for you during the decision-making process. It is certainly something we monitor at Metropole…
The unprecedented property boom of 2021 saw the price gap between Australia’s houses and units tighten to just 9.6%, but now the tide is shifting, and that price gap is widening once again. In September 2021, the national median house price was $570,000, 9.6% higher than the median unit price of $520,000, REA explains. But…
Australia’s property downturn is now over, and while prices are slowly rising we’re not going to experience a property boom with soaring prices any time soon, which means there are more property investors than ever looking at ways to actively increase the value of their property portfolio. Any wise investor knows that sitting on your…
You often hear about buyers being gazumped or struggling to get the right information from the real estate agent to even be able to submit an offer. And how about the sellers who don’t even trust their own real estate agent enough to take their advice? These stories, and the many other grey areas surrounding real…
