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.
Thinking of buying an investment property, but you truly don’t know where to start? You’re in good company: many new investors feel overwhelmed and bamboozled by information and research when they’re deciding where to buy. This can unfortunately lead to costly mistakes, so here’s a handy list of five crucial missteps property investors can make…
“You don’t succeed because you have no weaknesses. You succeed because you find your unique strengths and focus on developing habits around them.” Tim Ferriss Even the most gifted, talented and successful individuals are swimming in flaws. JFK, Tiger Woods and Arnold Schwarzenegger were womanizers. Edgar Allan Poe and Stephen King, iconic writers, were consumed…
The unique feature of Ponzi schemes is that they use money collected from new investors to pay out existing investors. This means that when the number of new investors starts to fall, they can suddenly crash. But be warned – they exist in our housing markets. Property booms often start with a genuine rise in…
There are a number of definitions of wealth. True wealth is not how many properties you own or how much money you have, but what you are left with when they take all your money away — your health, your family, your friends, your spirituality, and your contribution to society. Yet another definition of wealth is…
Renovating a property can be a great way to create value and drive capital growth, but it’s not as simple as many people think. In today’s market, where property values are not expected to grow strongly for some time, many investors are turning to renovations as a way to manufacture capital growth. However, there are…
Treasurer Jim Chalmers promised a Tax Expenditures Statement by the end of February – and he delivered it last week, just in time, on Tuesday, February 28. The statement contains many headline-grabbing figures about the cost of various tax breaks, including claims made against income from rental properties (A$24.4 billion), the concessional or zero tax…
The latest RBA decision for a 25 basis point lift takes the cash rate to 3.6%, the highest level since May 2012. To date, this rate-tightening cycle has been both the largest and the most rapid on record by some margin. The cash rate setting is now 105 basis points above the pre-COVID decade average…
Despite skyrocketing interest rates and continuous price falls over the past year, Australia’s property market has now seen a slight upturn, according the latest PropTrack Home Price Index report. According to the report, in February, national home prices rose by 0.18%, except for Hobart, which experienced a decline. Adelaide, Sydney, and Melbourne saw less than…
In a world of economic uncertainty, it’s easy to feel like achieving financial freedom is impossible. In today’s show, Ken Raiss and I answer a number of your questions about how, despite all the unknowns ahead, property investors can achieve the end game of financial independence. You’ll hear that although the journey may not be…
When it comes to building wealth, the truth is that relatively unremarkable actions completed consistently over many years (and decades) produce remarkable results. But because these actions appear unremarkable, people tend to overlook their importance. Also, sometimes, people are tempted to undertake intense and often risky “investments” as a shortcut to make up for past inaction. Unfortunately,…
