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.
Following the one-year anniversary of the East Coast floods, the devastating impact that extreme weather events and climate change can have on people and property cannot be understated. Last year’s weather events, described by some as a ‘rain bomb’ that saturated areas of South East Queensland and coastal NSW saw thousands of properties inundated, displacing…
Woeful building approvals figures were reported recently, with seasonally adjusted dwelling approvals falling to their lowest levels in over a decade (since 2012) in January according to ABS figures. Non-residential approvals also fell by -25.6 per cent over the month. Source: ABS The monthly numbers are very choppy, of course, but these figures generally appear…
After experiencing the sharpest downturn in Australia’s housing market history, new research by JP Morgan suggests that the situation could soon turn around. The research shows that house prices, which fell by 9.1% since their peak in May 2022, are expected to stabilize sooner than many are predicting. At the beginning of this month: Dr….
Everyone wants to know the secret to success. And there are a lot of people out there who reckon they have mastered the basic principles. Follow these habits, they say, and you too will be successful. This may be true, but only up to a point. The habits of successful people must be underpinned by…
The household saving ratio continued to plummet in the last quarter of 2022, now down to just 4.5 per cent, from a pandemic high of 23.7 per cent in 2020. The level will be quite close to zero by the end of this month. Despite this rundown, the economy actually contracted slightly in per capita…
Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic. Over 2022, the economy expanded by 2.7% – more than any of the seven largest advanced economies, and more than twice the average growth rate in…
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…
The tax rate on earnings from superannuation balances above $3 million will double to 30% from 2025-26. The pre-budget decision – approved by the government’s expenditure review committee on Monday and ticked by the cabinet on Tuesday morning – cuts off what was becoming a potentially damaging debate for the government. The timing of its…
Well, APRA has reaffirmed its stance that a 3% interest rate buffer is necessary to ensure responsible lending practices among banks when assessing home loan applications, including those from new buyers and existing borrowers looking to refinance. This decision has the potential to impede the borrowing capacity of new buyers and create obstacles for existing…
![[Podcast] February 2023 Big Picture Podcast with Pete Wargent](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/02/February-2023-Big-Picture-Podcast-with-Pete-Wargent-270x200.jpg)
Predicting the future of the property markets is a challenging task, especially when there are so many mixed messages and conflicting information available. So welcome to this month’s Big Picture podcast where Pete Wargent and I explore the macroeconomic factors that are currently impacting the Australian property markets. As usual, we’ll cover everything from interest…
