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.
As Australia continues to grapple with the challenges of skyrocketing residential rents, the question of whether rent controls could be a viable solution has arisen. Some proponents of rent controls point to the United States as an example, where cities like New York and San Francisco have implemented such measures. However, when we examine the…
Proportionately, Australia’s residential property market is worth around three times more to the Australian economy than to the US and UK economies. For most Australians their home will be the most important asset they own, and the single most desirable asset amongst those who are yet to step on the property ladder. However, the property…
Did you know that only 300,000 or so people own two investment properties in Australia? The number who own three or more falls dramatically from the figure. However, more and more people are taking charge of their financial futures by buying investment-grade real estate assets. Like so many things with wealth creation, though, there are…
Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further. Home prices have been climbing for three straight months – in March, April and May – instead of continuing to fall as they…
Complaining – There’s room for legitimate complaining, but if you let this deadly disease of attitude – complaining loose it will conquer you. Complaining can take over your life. Destroy you and leave you without anything. Nobody wants to take along a complainer. Nobody wants to promote a complainer. Nobody wants to live with…
The RBA lifted the cash rate a further 25 basis points in June, taking the cash rate 400 basis points higher to 4.1%, announcing 12 hikes since April last year. A mix of outcomes across economic data through the month created another ‘line-ball’ call for the outlook in the cash rate. May saw measures of…
![[Podcast] From Population Boom to Housing Nightmare: Addressing Australia’s Housing Shortage](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/06/From-Population-Boom-270x200.jpg)
Today I want to discuss a crucial and timely topic. You see, I am worried about the current housing crisis which is impacting both the rental market and houses for sale. As property prices continue to skyrocket and rental rates soar, the wealth gap between property owners and non-owners is widening at an alarming pace….
According to new research from Canstar, almost half of Australian mortgage holders say they have changed their home loan to cope with higher interest rates including stopping their extra repayments, extending their loan term or even selling their home. Canstar surveyed 669 Australian mortgage holders and found that of the 47% of mortgage holders who…
Do you want to know where Australia’s richest people live? The latest data from the Australian Taxation Office (ATO) has revealed where Australia’s highest-paid professionals reside, with one unlikely city taking the crown as home to the country’s most affluent people thanks to a bumper income year: Perth. Here’s a breakdown of where Australia’s richest…
If you’re a property investor, watch out – the taxman is after you. You and all other property investors. This means Australian property investors should be on high alert as the Australian Taxation Office (ATO) implements innovative strategies and forms new alliances to recuperate an estimated $9 billion revenue deficit. They will use advanced technologies…
