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.
The halfway mark of a calendar year is a good time to take stock of what’s happened during the first six months of the year. Learning from the past is a key habit in helping us to navigate the financial challenges we’ll certainly face in the future. It’s only by internalising these lessons that the…
Understanding the life cycle of homeownership can provide insightful perspectives on real estate trends and consumer behaviours. Property ownership isn’t a stagnant phenomenon. Instead, it’s a dynamic process that evolves with our changing life stages and circumstances. In the real estate market, roughly 50% of all transactions each year come from existing owner-occupiers moving to…
One of the most influential books I read in the 1990’s was Stephen Covey’s ‘The Seven Habits of Highly Effective People.” It’s a classic and a classic for a reason. The seven habits are really powerful things to build into your life. In a way, they’re just common sense. Like “begin with the end in…
No one likes adversity. It’s disruptive, stressful and painful. But, without adversity, there would be no learning. Without learning there would be no growth. And without growth, there is no success. Those who survive adversity become stronger because of it. Surviving or overcoming adversity makes you more confident. Anxiety and fear are replaced by confidence. Confidence…
The Reserve Bank has left the cash rate at 4.10 per cent, announcing a pause for the second meeting in a row, and third time this year. The key explanation was a desire to take more time to assess the impact of the increase in rates to date and the economic outlook. The Board also…
Are you thinking of taking advantage of the buoyant property markets and upgrading your home? Maybe you’re planning to move interstate for work. Need to upsize to fit the kiddies in or downsize now they’ve all left the nest? Are you thinking of keeping your current home as an investment property when you move? Holding onto…
“Five percent of the people think; ten percent of the people think they think; and the other eighty-five percent would rather die than think.” — Thomas Edison One of the things that stood out from my Rich Habits Study was how important thinking was to self-made millionaires. I tracked ten different types of thinking habits…
More Australians are currently saving for a major expense or purchase than they were last year, according to new research from Canstar. Their survey of over 9,500 Australian adults found 71% were currently saving for a big purchase or expense. This is an increase from 66% last year and comes at a time when the…
![Financial Management – The 5 Jar Method [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/02/Housing-finance-270x200.jpg)
How well we manage our money is more important for our financial well-being than the size of our income. You see…the default for most of us is to pay for whatever we need to pay for and then “save” the rest. This is not a sound financial plan. Most Australians live paycheque to paycheque. While…
Good news on the global inflation front has continued to flow down under and inflation looks set to continue to moderate and move lower into the first half of 2024. The high level of inflation that has challenged the Australian economy and seen interest rates rise at the fastest pace in a generation continued to…
