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.
Employed significantly missed expectations in April, declining by -4,300, partly reversing the strong gains of the previous month. Full-time employment gave back -27,100 jobs in April. The number of unemployed persons increased +18,400 to 528,000, the highest in 11 months. This was enough to take the unemployment rate up from 3.5 per cent to 3.7…
In a move aimed at assisting borrowers trapped in mortgage difficulties, the Westpac Group has announced a reduction in stress test requirements for certain refinance applications. Traditionally, banks subject borrowers to stress tests to ensure they can comfortably afford mortgage repayments even if interest rates increase by 3 percentage points above the applied rate. However,…
Homeowners in Sydney, Australia, are holding onto their properties longer than ever. Data from CoreLogic reveals that the median hold period for houses across greater Sydney has doubled from 5.3 years in December 2002 to 10 years in December 2022. For units, the median hold period increased from 4.3 years to 8.3 years over the…
Consumer sentiment took a hefty knock this month, following on from yet another interest rate hike to a cash rate target of 3.85 per cent. Consumer sentiment in regional Australia in particular is knocking around record lows. House price expectations, on the other hand, have absolutely rocketed back from their lows of Q4 2022. The…
While you’ve probably heard me suggest you should treat your property investments like a business, in today’s podcast I’m going to explain to you the different property investment games people are playing, and how you must beware of taking advice from the people playing a different game than you are. What do I mean by…
Australia’s property downturn continues to take its toll on premium regional markets that benefited most from the mass exodus away from capital cities during the height of the pandemic, with softer values, longer days on the market and bigger vendor discounts. CoreLogic’s quarterly Regional Market Update, which examines Australia’s 25 largest non-capital city regions, shows…
Overseas interest in Aussie properties has surged to record levels as migration hit its highest point in three years, according to the latest PropTrack Overseas Search Report. During the last quarter, the number of searches conducted from abroad for purchasing and renting properties on realestate.com.au reached an all-time high, surpassing previous records set since PropTrack’s…
A surge in overseas migrants and international students coupled with a significant shortfall in rental listings has led to the strongest annual rental increase on record for Australia’s capitals. CoreLogic’s national dwelling rental index recorded an increase of 0.8% for April, up 2.8% over the past three months and 10.1% higher for the year. The…
While we usually spend a lot of time talking about property in the Michael Yardney Podcast, we also talk about success and money because these are all interrelated. Today we’re going to explore the habits that drive exceptional individuals forward with Tom Corley, my co-author of our internationally best-selling book Rich Habits Poor Habits. And…
Measuring GDP per capita is a common measure of economic wealth on a per-person basis. This article sorts countries according to the latest International Monetary Fund (IMF) projections on GDP per capita for 2023. Currently, this metric is at $13,920 globally in 2023, up from $13,400 in 2022 and $11,160 in 2020, all nominal figures,…
