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.
A fish rots from the head down. What this means to me is that poverty begins and ends in the mind. According to my Rich Habits Study, most of the rich (76%) are born into either poverty or the middle class. According to the 2016 Wealth X Census, 75% of the rich are born into…
Not that long ago, Australia was in the midst of the fastest drop in housing values on record, as rapidly increasing interest rates caused capital city values to plunge more than 9% in the space of about 10 months. That’s all changed since hitting a low in February, with three consecutive months of positive growth…
Australia’s population growth is booming, with a record high net overseas migration intake and a stable natural increase. We reached a remarkable milestone, as of September 30, 2022, it was now home to 26,124,814 people. The problem is the national population data gets published with about a six-month delay, but you can get more updated…
You heard me say it before – property investment is a game of finance with some houses thrown in the middle. But the rules of the game are changing in front of our eyes, so today I’d like to explain what’s going on with lending, so you have a better chance of the banks saying…
Well, more Aussies are working more to try to ease financial stress. In fact, a new Finder survey of 1,078 respondents revealed 1 in 4 (24%) – equivalent to 4.8 million people – are being forced to take on additional employment, work longer hours or come out of retirement to make ends meet. The survey…
This is a tale of two visionaries that holds a message for property investors because one of them was totally right and the other was completely wrong. The first visionary was Henry Hellyer, who was employed by the Van Diemen’s Land Company in the early 1800s to find suitable sheep farming land in their recently…
One of the fascinating things I discovered in my Rich Habits research was the fact that many self-made millionaires, particularly the Dreamer-Entrepreneurs and Big Company Climbers, at some point, got lucky. 84% of these self-made millionaires attributed their good luck to their daily habits 87% of these self-made millionaires said they were lucky and 92%…
Property investors and big businesses are furious that are being used as an ATM to foot the bill for the Victorian government’s COVID-19 debt, as part of a 10-year fiscal repair plan unveiled in the 2023-24 Victorian Budget The budget treasurer Pallas handed down includes a COVID-19 debt levy that rakes in $8.6 billion in…
![How global housing prices have changed since 2010 [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/house-price-bg-270x200.jpg)
In many countries around the world, it seems like house prices have been constantly climbing. Houses fulfil a rare mix of necessity, utility, and sentimentality, and for many, also act as a primary investment to build wealth. And it’s that last angle, combined with increasing demand in many countries, that is driving housing prices skyward….
They say men are from Mars and women are from Venus, and it’s certainly true that when it comes to securing their financial future, the two sexes are worlds apart. While men seemingly have little difficulty pursuing wealth and success, societal norms and distorted perceptions often see women taking a backseat in this arena, to…
