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.
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…
Today I’m going to share 5 ways I’m going to ensure my property investments outperform in this new property cycle. As we work our way through the second half of this year and the recovery phase of the property cycle, it’s typical to take a moment to reflect on the roller coaster ride of the…
Australia’s leading economists believe Australia can sustain an unemployment rate as low as 3.75% – much lower than the latest Reserve Bank estimate of 4.25% and the Treasury’s latest estimate of 4.5%. This finding, in an Economic Society of Australia poll of 51 leading economists selected by their peers, comes ahead of next month’s release…
Have you ever run into an optimist? Most who do walk away are energized, enthusiastic, motivated, well optimistic. Now contrast that to pessimists. Pessimists sap you of your energy, enthusiasm, and motivation and drag you down in life. They push you away and make you want to run for the hills. By a wide margin, the…
