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 you’ve ever checked your bank balance at the end of the month and wondered “where did all my money go?” you’re not alone. 17 Saving Strategies That Actually WorkWatch this video on YouTube In fact, a 2016 survey revealed that nearly 60 per cent of the population doesn’t have enough money saved to handle…
![[Podcast] How do you choose a property advisor, with Brett Warren](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/02/How-do-you-choose-a-property-advisor-270x200.jpg)
There are so many property “advisors” and buyers’ agents out there, how do I know which ones to trust? We’ll cover this question in today’s Q&A podcast with Brett Warren, national director at Metropole. Whether you are just starting out and looking for guidance, or you have been investing for a while and want to…
The housing market has been hit hard by a series of cash rate increases, with new home sales plummeting as buyers struggle to afford the higher borrowing costs. In fact, according to HIA’s Chief Economist, Tim Reardon, “sales of new homes fell again in January, down by 12.8 per cent for the month, leaving sales…
The financial pressures faced by young people are a growing concern. In fact, according to the latest research results from Finder, the cost of living crisis is having a disproportionate impact on younger Australians. More than 4 in 5 in gen Z (85%) have had to reduce their spending due to the rising cost of…
![[Podcast] Does Australia really need more migrants? With Simon Kuestenmacher](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/02/Does-Australia-really-need-more-migrants-270x200.jpg)
We all want a stronger and more competitive economy in Australia, don’t we? The current state of globalization, digital disruption, and population aging is causing significant economic pressure on countries around the world. And as a property investor or business owner, this could hurt your bottom line. However, Australia has an ace up its sleeve…
It’s a tough time for central bankers the world over, but especially for Reserve Bank of Australia governor Philip Lowe. Having forecast during the COVID recession that Australia’s central bank wouldn’t raise interest rates before 2024, he’s taking a lot of stick for nine consecutive rate rises since May 2022. This has taken the cash…
Homeowners in Melbourne’s outer suburbs are the most financially stressed across Victoria, with around 500 households at risk of falling behind on their mortgage, credit bureau Illion predicts. The data shows that as of January, 67% of home loans in Victoria were more than 30 days overdue, which Illion predicts will rise to 70% thanks…
Last week, a prospective client asked me a very good question. They asked whether I have data that shows what investment returns my clients have generated. Whilst this sounds like a logical question, my response was that not only did I not have this data, but it also wouldn’t necessarily be that useful. The reason…
While property price falls have been capturing widespread media attention, it is crucial for buyers, sellers, and owners to contextualize these figures. So let’s start by looking at what has actually happened to property prices. Of course the decrease in borrowing capacities caused by increasing interest rates has impacted home values, leading to a consistent…
Tight supply, rising interest rates, and reduced borrowing capacity dampened Australia’s property market in 2022, with prices falling from their pandemic-induced peaks. Prospective sellers have been sitting on the sidelines, delaying decisions to see how high inflation and rising interest rates will affect the market. But Domain’s latest house price report shows that while property…
