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.
First-time home buyers are saving more each month than last year. However, they still feel anxious about building a sufficient deposit to break free from renting and finally own their dream home, according to Canstar’s latest research. According to Canstar’s new First Home Buyer Survey, potential first-time buyers are now saving an average of $1,605…
Yes, you read it right, 1.2 million homes in the next five years. The headlines have been filled with the Australian Labor Party’s ambitious plan, but if you look closely, the numbers just don’t add up. The Grand Mirage Firstly, let’s clear the misconception: the government isn’t going to lay down the bricks and mortar…
What type of dwelling will be in continuous strong demand in the future? As the housing markets in major cities throughout Australia progress and develop, it is crucial to recognize that the past constructions in terms of dwelling types and locations may not align with the future requirements for housing. Charter Keck Kramer explored the…
What should you do in the current “interesting” property markets? Is it time to be fearful or is it the right time to be greedy? I know many investors are confused with the many mixed messages the media and many commentators are delivering. On the one hand, the property market bottomed early this year…
China’s real estate market is the second largest asset class in the world, and it’s coming severe pressure with prices falling and developers failing. China’s second largest real estate developer has crashed into filing for Chapter 15 insolvency in New York under the weight of the group’s $468 billion of liabilities. The developer has been…
Another bank has changed its housing forecast. ANZ Bank now expects housing prices in Australia to rise 5-6% in 2023. In 2024, they expect growth to slow to around 3%, reflecting rising unemployment and the lagged impact of past rate hikes as well as slower population growth. Then the ANZ expects housing prices to reaccelerate…
There was a change to working regulations effective 1 July, reinstating the restrictions on student visa holders to a 48-hour working week. As such, some economists anticipated a +40,000 increase in the number of persons employed in July, as workers jostle for the newly freed up positions. It didn’t quite work out that way in…
There’s lots of talk about mortgage stress and the risk of loan defaults, but a recent study showed that certain outer suburbs are twice as likely to have loan arrears. Homeowners in Sydney’s southwest, Perth’s northwest, and Melbourne’s northwest suburbs are the most financially stressed across the country, with the highest number of households at…
In the wake of Australia’s ongoing rental housing affordability crisis, policymakers have mooted a series of interventions, including a freeze on rents and various forms of rent controls. Of course, we know that one political party particularly of a particular colour is pushing for rental freezes. While this might seem attractive solutions to the immediate…
Who do you ask for property advice – whether it’s for your next home or a property investment? Let me tell you who not to listen to – don’t take advice from reality TV shows! In fact working with inexperienced or unqualified self-styled “property experts” can result in buyers purchasing a dud for an overinflated…
