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.
Younger Aussies looking to own a home could be waiting a while, according to new research by Finder. Finder analysis shows young Australians need at least 12 years to save for a deposit for the average unit and 16 years for the average house if they start saving today. This would mean saving $299,868 for a…
It’s Father’s Day today so… Here’s a classic from English writer and poet Rudyard Kipling that is clearly relevant to all fathers and sons and I guess there’s even a message in it for investors. It’s: A father’s advice to his son: “If you can keep your head when all about you Are losing theirs…
Australians have never been more distrustful of corporate entities since Roy Morgan began measuring trust and distrust in late 2017. According to Roy Morgan the distrust has only escalated since 2020, often attributed to corporations taking questionable actions under the guise of the COVID-19 pandemic but by 2023, this corporate distrust has taken a nosedive,…
A group of crossbench parliamentarians have revived the idea of increasing the rate of the goods and services tax from 10% or removing exemptions on food, education and health purchases. The group, which includes Allegra Spender and David Pocock, say increasing the GST rate would raise revenue to lessen government dependence on income tax as…
Australia’s property market is suffering a supply shortage, with high-interest rates and tighter rules seeing many property investors succumbing to fear-mongering and selling up… but it hasn’t dampened the property portfolios of our federal politicians. The 2021 Census data shows that 86% of federal politicians own at least one residential property with most owning an…
Inflation continues to decline The ABS released the latest monthly inflation figures, which dropped from 5.4 per cent in June to 4.9 per cent in July. This is of course now a long way down from the peak of 8.4 per cent in December as supply chains and the labour supply normalise. The most significant…
What if nearly everything that’s been written about this month’s Intergenerational Report is wrong? I’ll explain. But first, here’s a sample of the headlines: “Young Australians at risk of a poorer future”, “Fewer workers to shoulder soaring income tax”, “Ageing population driving $140 billion blowout in spending”, and so on. On radio it was worse….
![[Podcast] The secret to finding “Your Enough” with financial well-being guru Manisha Thakor](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/08/Manisha-Thakor-270x200.jpg)
In today’s podcast episode, we delve into the complex world of money well-being with financial guru, Manisha Thakur. Manisha shares her personal journey of overcoming the ‘never enough’ mindset and explores the psychological aspects of money. We discuss the societal pressures that equate happiness to more money and possessions, and how this can lead to…
We are in the midst of a generational landmark, as Australia’s “Digital Integrators” (Generation Z) begin to enter the workforce and Generation Alpha move through their schooling years. Below we provide an explanation of each of these generations and some interesting facts about them. Generation Z The students of our world today who are currently…
Cost of living pressures are acute for some, but in different ways for different types of household. The Australian Bureau of Statistics consumer price index has climbed by 6% per year for each of the past two years. In the decade before that, it only climbed by an average of 1.8% per year. So, on…
