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.
If I had a dollar for every time in my capacity as a property strategist I’ve been asked “How Many Properties does Michael Yardney own?”, I’d be almost as wealthy as Michael. Well before I put you out of your misery and answer the question I thought we could have some fun first. How about…
Australia’s population grew by 1.6 per cent in the 12 months to 30 September 2022, according to the latest figures released by the Australian Bureau of Statistics (ABS). Beidar Cho, head of ABS Demography, said: “Our population on 30 September 2022 is 26.1 million people after we recorded an increase of 418,500 people over the…
It’s to forget that even some of the most successful minds in the world started with just a dream, isn’t it? When you’re exhausted, frustrated, anxious, worried, or you just need a reminder not to give, these inspirational business quotes will have you encouraged, inspired, and ready to take on the world: 1. “What do…
We got the expected bounce in employment in February, with total employed persons rising by +64,600 as Aussies returned from their long summer breaks. These solid increases came after two consecutive monthly declines, however. The 3-month average gain in employment was thus very modest at only +12k. With population growth rates running at record highs,…
Women in Australia continue to trail men in the homeownership stakes amid crippling interest rate rises and falling home values. CoreLogic’s 2023 Women & Property report released ahead of International Women’s Day, found men were associated with ownership of 3.1% more of the housing stock analysed than women. Female-only ownership of dwellings was 26.8%, while…
The latest labour force data from the Australian Bureau of Statistics shows employment in February increasing by 64,600, and the (seasonally adjusted) unemployment rate declining from 3.7% to 3.5%. It’s confirmation that it’s still too early to declare that the labour market has reached a turning point, after which we can expect the rate of…
The ‘fixed-rate cliff’ has emerged as one of the biggest potential risks to housing market values, and overall stability in 2023. This article explains what the cliff is, and five must-know pieces of information that put the cliff into context. What is the ‘fixed-rate cliff’? Mortgage rates fell dramatically during the pandemic. This was particularly…
Our property market continues to surprise us. Although the desire to purchase property has decreased slightly, the limited number of properties available on the market has led to heightened buyer competition in all major cities, except for Hobart, reaching its highest level in a year. In fact, according to PropTrack’s latest data, the overall demand…
Tuesday’s tenth successive Reserve Bank interest rate hike is the culmination of a process that has added $1,080 to the monthly cost of payments on a $600,000 variable mortgage. I’ve calculated this increase in payments – which amounts to $12,960 per year – by comparing payments on the National Australia Bank’s base variable mortgage rate…
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We all belong to one – a demographic tribe, that is. In fact, Australia is one big country of many tribes. If you don’t belong to the one, you don’t survive. Some are easy to find: it might be your footy team or where you work, the way you vote, or the way you dress….
