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.
In its Rent Report for the March quarter, Domain has emphasized that the rental market in Australia still heavily favours landlords, as tenants face challenging conditions due to increasing demand and limited supply in 2023. Dr Nicola Powell, Domain’s Chief of Research and Economics said: “Across the combined capitals, we’re now seeing the longest stretch…
A Finder survey of 1,085 revealed 1 in 3 (30%) Australians have leaned on family and friends for financial support in the past 12 months. The top expenses Australians sought financial help for are: groceries (16%), rent (9%), and petrol (7%). Medical costs (5%) and school fees (5%) were next on the list. Have you…
The median sale price is one of the most common methods used by investors to track property values and assess their changes over time. But today I’d like to explain why it can often be a misleading measure. According to data providers Australian Property Monitors, one of the best-performing suburbs in Australia during 2015 was…
5 years of studying rich people taught me they have a set of unwavering beliefs that the rest of us don’t Beliefs represent the acceptance of something without any proof to back up what we accept as fact. They are inherited unconscious programming. In my five-year Rich Habits study of 233 rich people and 128…
The International Monetary Fund has released its latest publications on the global economic outlook, ranking Australia as the second-highest country for ‘housing market risk’ out of 27 countries, behind Canada. Some of the outcomes associated with this risk include a sharp housing market decline, which could have implications for economic growth and financial stability. So,…
Nothing too much wrong with the labour force figures for March, with the economy adding another +53,000 jobs, taking employment to a record high of 13.88 million. The unemployment rate held steady at 3.52 per cent. Of course, immigration is now picking up apace, and the labour force won’t stay so tight for too much…
The Australian property market has been experiencing a major shift over the past few years, with a significant increase in the number of suburbs where renting a house or apartment is cheaper than buying. According to research by CoreLogic for the Australian Financial Review, this trend has been driven by soaring mortgage costs, which have…
Australia’s total credit card debt has continued to climb, with data released from the Reserve Bank of Australia (RBA) indicating that it rose for the fifth month in a row in February 2023. The RBA figures showed that the total credit card bill attracting interest charges increased by $270 million to $17.75 billion – the…
![[Podcast] The secrets to a fulfilling life 19 things I wish someone taught me when I was young, with Mark Creedon](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/04/The-secrets-to-a-fulfilling-life-19-things-I-wish-someone-taught-me-when-I-was-young-270x200.jpg)
In today’s podcast, we will be discussing some of the things that I wish I had learned earlier in my life that would have helped me to appreciate my life better. Whether you are just starting out in life or looking for ways to improve your current situation, I hope my discussion with Mark Creedon…
Last week, the Australian published a story saying net-overseas migration would reach 650,000 over the two financial years, 2022-23 and 2023-24. As the story included comments from Treasurer Jim Chalmers and Treasury Secretary Steven Kennedy, we can assume these numbers will appear in the population statement accompanying the May budget. The new numbers have attracted…
