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.
After the largely unanticipated COVID-19 property market boom, we were hit with twelve successive interest rate hikes, sapping buyer confidence and demand. Since then we’ve witnessed six months of strong price growth in virtually all housing markets, despite those high interest rates. I’ll explain why these events took place and what the future holds for property…
I am sure you have seen the TV shows. So easy, to transform an entire house from top to bottom in less than an hour, while making thousands of dollars in the process! All you need is a top team of tradies, preferably someone in short shorts and a cute puppy dog. Before you know…
Do you remember learning to drive a car? You probably fumbled around for the controls, checked every mirror multiple times, made sure your foot was on the brake pedal, and then ever-so-slowly rolled your car forward. Fast forward to now and you’re probably driving places and thinking, “How did I even get here? I don’t…
How much are you spending on your self-care routines? Well, according to the latest research from Finder, Aussies are spending a small fortune on their physical appearance despite the cost of living crunch. In fact, the survey of 1,073 respondents revealed that 2 in 5 (41%) – equivalent to 8.3 million people – indulge in…
It’s been a wild ride for property investors over the past 6 years – from a cutoff of interest-only loans to threats of a negative gearing ban, to aggressive interest rate hikes, high property prices… and now, a spotlight on Australia’s rental laws. Ultra-low vacancy rates, high rent prices, strong demand, and a rising population…
Household wealth rose for the third straight quarter. Yes, it is up 2.6 per cent ($379 billion) in the June quarter of 2023, according to the latest figures released by the Australian Bureau of Statistics (ABS). Dr Mish Tan, ABS head of finance statistics, said: “Household wealth has grown alongside increasing house prices this year….
By the end of 2023, the world economy is expected to have a gross domestic product (GDP) of $105 trillion, or $5 trillion higher than the year before, according to the latest International Monetary Fund (IMF) projections from its 2023 World Economic Outlook report. In nominal terms, that’s a 5.3% increase in global GDP. In inflation-adjusted terms,…
Without a doubt, self-confidence is one of the most important traits that most people want to possess. When people from all generations were asked which is the biggest issue that humans face on a daily basis, the answer was obviously “self-confidence”. I’ll explain why this might be obvious: Self-confidence is linked to so many other…
Have you ever had a strong opinion (belief) about investment markets that was subsequently proven to be incorrect? A recent example was when many people predicted borrowers would be forced to sell their properties due to the Covid lockdowns and the market would crash. This outcome now seems unlikely. It is my view that a…
As expected by markets, the monthly inflation indicator came in at 5.2 per cent for the year to August. This was an increase from the very sharp drop to 4.9 per cent last month but below the 5.4 per cent recorded in June. The increase was mainly driven by rising fuel prices, driven more so…
