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.
The most in-demand suburbs for property buyers in Victoria have been revealed by PropTrack. In these suburbs the number of homes up for sale is low and hundreds of buyers are vying for available properties. New listings of properties for sale were down 11.1 per cent, year on year, in February, according to PropTrack, with…
No one likes spending cuts and tax hikes, but on our estimate, the government will soon need more of them if they are going to make a dent in looming A$70 billion a year budget deficits. A new Grattan Institute report, Back in Black? A menu of measures to repair the budget argues the present…
Welcome to the Michael Yardney Podcast. In today’s monthly Big Picture episode with Pete Wargent, we’ll be exploring a question on many investors’ minds: Have the Australian property markets bottomed out and are they now on the verge of turning? Today we’ll be diving into the latest data, trends, and economic indicators, while also considering…
In its Rent Report for the March quarter, Domain has emphasized that the rental market in Australia still heavily favours landlords, as tenants face challenging conditions due to increasing demand and limited supply in 2023. Dr Nicola Powell, Domain’s Chief of Research and Economics said: “Across the combined capitals, we’re now seeing the longest stretch…
A Finder survey of 1,085 revealed 1 in 3 (30%) Australians have leaned on family and friends for financial support in the past 12 months. The top expenses Australians sought financial help for are: groceries (16%), rent (9%), and petrol (7%). Medical costs (5%) and school fees (5%) were next on the list. Have you…
The median sale price is one of the most common methods used by investors to track property values and assess their changes over time. But today I’d like to explain why it can often be a misleading measure. According to data providers Australian Property Monitors, one of the best-performing suburbs in Australia during 2015 was…
5 years of studying rich people taught me they have a set of unwavering beliefs that the rest of us don’t Beliefs represent the acceptance of something without any proof to back up what we accept as fact. They are inherited unconscious programming. In my five-year Rich Habits study of 233 rich people and 128…
The International Monetary Fund has released its latest publications on the global economic outlook, ranking Australia as the second-highest country for ‘housing market risk’ out of 27 countries, behind Canada. Some of the outcomes associated with this risk include a sharp housing market decline, which could have implications for economic growth and financial stability. So,…
Nothing too much wrong with the labour force figures for March, with the economy adding another +53,000 jobs, taking employment to a record high of 13.88 million. The unemployment rate held steady at 3.52 per cent. Of course, immigration is now picking up apace, and the labour force won’t stay so tight for too much…
The Australian property market has been experiencing a major shift over the past few years, with a significant increase in the number of suburbs where renting a house or apartment is cheaper than buying. According to research by CoreLogic for the Australian Financial Review, this trend has been driven by soaring mortgage costs, which have…
