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 Block has begun its 19th season this month, billed as “a Block that’s entirely relatable to people right around Australia”. This year, contestants renovate five “authentic ’50s dream homes” in “the perfectly named Charming Street, in Melbourne’s Hampton East”. But if the median price for a four-bedroom house in Hampton East is around A$1.6…
Self-awareness is a Rich Habit. Lack of self-awareness is a Poor Habit. Only through awareness can you overpower neurologically-based, instinctive urges to spend money. Self-awareness short circuits the neural hard-wiring that causes most to unconsciously spend their money. In my Rich Habits research, I discovered certain unconscious spending Poor Habits that prevent individuals from accumulating…
It is little surprise that many are calling for fewer overseas migrants. This is what happens when over 400,000 people arrive in Australian in one year from overseas. This is especially the case after a lockdown when the country lost 85,000 residents during 2021. This chart 1 shows the rise and fall in net overseas…
The number of properties sold without a mortgage jumped sharply during the second quarter in Australia’s three largest states, with cashed-up buyers flocking to Melbourne CBD’s apartment market, new data reveals. The number of homes sold without a mortgage has risen 24.3% in Victoria, 31% in NSW, and 14.4% in Queensland, according to a PEXA…
Are there ways to avoid or reduce paying capital gains tax (CGT) on an investment property entirely? Yes, there are! It’s an unfortunate part of every property investor’s journey that they will most likely eventually be liable for Capital Gains Tax or CGT. However, there are a few strategies that can help you minimise your…
From 2010 the world saw the start of Generation Alpha, the first to be fully born in the twenty-first century. Alphas have been born into an era of record birth numbers. When this generation is complete, in December 2024, Generation Alpha births will total almost two billion globally, and they will be the largest generation in…
One of the biggest fears people have in their lives is failure. Afraid they won’t succeed if they try something new. Fear that they might never “make it” doing what they are passionate about. Fear that keeps them from following their heart Since life is too short to let fear make big decisions for you….
If you ask 100 Australian investors which book got them into property, I reckon at least 70 would say Michael Yardney’s ‘How To Grow A Multi-Million Dollar Property Portfolio – in your spare time’. In fact, I recently re-read it – but this time the updated 16th Anniversary Edition. Its simple narrative does an incredible…
Australia’s estimated resident population increased by a record +181,600 or +0.7 per cent in the March quarter. The annual growth increased to +563,200 or +2.2 per cent, and it’s now certain that we’ll see record high annual figures recorded over the next six months. Source: ABS Net migration accounted for +152,000 of the quarterly increase,…
Have you ever heard of the 7 Deadly Sins? Lust Gluttony Greed Sloth Wrath Envy Pride Well, like the 7 Deadly Sins, I learned from my Rich Habits research that there are 7 Deadly Habits. These are seven bad habits that will make you poor, unhappy, unfulfilled, unhealthy, hopeless and create a life of misery….
