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 latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March. It’s the weakest growth since the economy shrank during the COVID lockdowns, and, before that, the weakest economic growth since December 2018. If economic growth continued at that pace for four quarters, the annual rate would be…
In 2022, in Australia’s eastern states, more than a quarter of residential property transactions happened without a mortgage, according to new research by PEXA. This means that buyers could purchase homes without relying on loans, even with high-interest rates at the time. Total value of residential sale settlements in Australia’s eastern states was a whopping…
A single investment property won’t help you achieve financial freedom. However, the majority of investors don’t make it beyond one property, and of the ones who do, only a tiny portion own six or more. Why don’t investors own more properties? Brett Warren joins me today to discuss the mistakes investors make that limit their…
As Australia continues to grapple with the challenges of skyrocketing residential rents, the question of whether rent controls could be a viable solution has arisen. Some proponents of rent controls point to the United States as an example, where cities like New York and San Francisco have implemented such measures. However, when we examine the…
Proportionately, Australia’s residential property market is worth around three times more to the Australian economy than to the US and UK economies. For most Australians their home will be the most important asset they own, and the single most desirable asset amongst those who are yet to step on the property ladder. However, the property…
Did you know that only 300,000 or so people own two investment properties in Australia? The number who own three or more falls dramatically from the figure. However, more and more people are taking charge of their financial futures by buying investment-grade real estate assets. Like so many things with wealth creation, though, there are…
Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further. Home prices have been climbing for three straight months – in March, April and May – instead of continuing to fall as they…
Complaining – There’s room for legitimate complaining, but if you let this deadly disease of attitude – complaining loose it will conquer you. Complaining can take over your life. Destroy you and leave you without anything. Nobody wants to take along a complainer. Nobody wants to promote a complainer. Nobody wants to live with…
The RBA lifted the cash rate a further 25 basis points in June, taking the cash rate 400 basis points higher to 4.1%, announcing 12 hikes since April last year. A mix of outcomes across economic data through the month created another ‘line-ball’ call for the outlook in the cash rate. May saw measures of…
![[Podcast] From Population Boom to Housing Nightmare: Addressing Australia’s Housing Shortage](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/06/From-Population-Boom-270x200.jpg)
Today I want to discuss a crucial and timely topic. You see, I am worried about the current housing crisis which is impacting both the rental market and houses for sale. As property prices continue to skyrocket and rental rates soar, the wealth gap between property owners and non-owners is widening at an alarming pace….
