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.
Christmas comes but once a year – as do Christmas party games. With such little practice, it’s hard to get good at any of them. Let me help. I’m going to share with you some expert tips, tested through mathematical modelling, on how to win one of the most popular games: Bad Santa – also…
Being rich is really about two things. In my Rich Habits Study, I interviewed 233 wealthy individuals (177 of whom were self-made millionaires) with at least $160,000 in annual gross income and $3.2 million in net assets. I found that becoming and staying rich tends to come from two actions: Accumulating wealth Keeping the wealth you’ve…
Have you ever considered that women might just be better property investors than men? This episode reveals some fascinating insights into how gender impacts decision-making in property investment. We also delve into the age-old question of whether money can buy happiness and explore the transformative power of good habits in achieving financial success. I’m joined…
When it comes to tenant damage in landlord insurance policies, insurers generally consider there to be three types – accidental, malicious and deliberate/intentional. These types are based on the intention – or cause – behind the damage. Why does this matter to you? Because not all insurers cover all three types of tenant damage. In…
Bipartisan support for temporary extra government spending to preserve businesses and jobs through JobKeeper was one of the few positive outcomes of the COVID-19 pandemic. Recognition that the long-term damage caused by short-term economic crises far exceeds the cost of temporary government spending to avoid it underpinned that consensus. It’s worth considering now whether the…
Brand new homes deliver different benefits to existing properties, from depreciation power to capital growth potential. When it comes to deciding which one makes the best investment, there’s no blanket answer – but there are factors that could sway your decision. Rather than attempting to categorise one as better than the other, which is a…
Yes, it’s the beginning of another week so here are 20 great quotes to give you a little nudge and inspiration for your week: “The best time to plant a tree was 20 years ago. The second best time is now.” Chinese proverb “I attribute my success to this: I never gave or took any…
Nassim Nicholas Taleb became famous for his book The Black Swan which taught us to look out for the unexpected X-Factor. He also wrote The Bed of Procrustes, a collection of hundreds of “philosophical and practical aphorisms” – pithy one-line quotes full of meaning and importance. I’ve selected a number of these that struck me…
Australians are getting richer, despite rising interest rates and inflation. The ABS tells us the average net worth for all Australian households in 2019–20 was $1.04 million. Much of this wealth can be attributed to our Baby Boomers, who reaped the rewards of the significant property boom we experienced a few years ago and long-term…
When things don’t go as planned, most people quit the struggle and move on to greener (meaning – easier) pastures. And the world is filled with quitters. Without pursuing success, life is a struggle. Even for the vast majority who are content with just coasting along, life is still filled with problems. Most people want…
