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.
Well, the RBA really does need a broom through the joint. After a 0.25% lift last Tuesday – making it 11 hikes in just 12 months – on some pretence that doing so will somehow reduce inflation. Inflation isn’t caused by the consumer but mainly by a range of ill-conceived government policies and actions. The…
For the first time in six months, the amount of credit card debt incurring interest has decreased, but the total balance of $17.73 billion is still wreaking havoc on the finances of many Australians. The RBA’s latest data reveals that the total debt attracting interest charges has fallen by 0.1% or $19 million from the…
![[Podcast] Australia’s booming population growth: navigating the challenges and opportunities, with Simon Kuestenmacher](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/05/Australias-booming-population-growth-270x200.jpg)
The future is annoyingly hard to predict, but by combining demographics and other big-picture trends our regular guest on this podcast, demographer Simon Kuestenmacher can at least give his predictions a strong, data-driven foundation. In today’s show, I chat with Simon about the substantial population growth Australia is going to enjoy and the opportunities and…
We find ourselves living in a time of great uncertainty, particularly when we cast our gaze upon the economic landscape of the past decade. For an extended period, inflation and interest rates remained stagnant, with no indication of change in the foreseeable future. These conditions persisted for so long that an entire generation has known…
The rising cost of living has forced Aussies to change their diets, according to new research by Finder. Finder’s Cost of Living Report 2023 revealed the average Australian household reported spending $185 a week on groceries in February 2023, up $37 a week compared to 12 months prior – with 94% of consumers noticing an…
What price would you be willing to pay to become a successful property investor? What price would you be willing to pay, to become a successful property investor? The game has changed a few times in the last decade. It wasn’t that long ago that we were cushioned by the tailwinds of ultra‑low interest rates…
According to the latest ABS Lending Indicators data property buyers are adjusting to current market conditions in different ways. New lending has increased for the first time in 14 months while existing borrowers are responding to rising interest rates by refinancing at record levels. In March, new lending rose by 4.9% compared to the previous…
As you pursue your dreams and goals you will meet many new people. Some will be supportive and some won’t. Below are the six types of individuals you will encounter along your quest for success. Thanks to the millionaires in my Rich Habits Poor Habits Study, I have some valuable data that will be invaluable…
Several new population studies have been released over the past couple of weeks. Frankly, reading them is like watching the paint dry. So, I have summarised – including some estimates from my end – the big picture in two simple tables. The first table shows a few things: The annual population growth rate over the…
After witnessing record gains in wealth, ultra-high-net-worth individuals (UHNWIs) lost a combined $10 trillion last year. A lagging stock market dented these fortunes against high-interest rates, energy shocks, and economic uncertainty. But some of the world’s billionaires have flourished in this environment, posting sky-high revenues in spite of inflationary pressures. With data from Forbes Real-Time…
