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.
With the new rate hike announcement, how are our new home loans doing? Well, according to new data from APRA, the value of new home loans with risky levels of debt has plummeted. APRA’s Quarterly ADI Property Exposure report for the March 2023 quarter shows just 7.5 per cent of new owner-occupier and investor loans…
As a property developer, I choose the suburbs where I undertake developments very carefully. By the way, those planning to undertake a development to sell at a profit should look for very different criteria than those planning to hold the completed development as a long-term investment. Let’s look at a few of these… Local Due Diligence…
Rich people transform themselves into money magnets. Here are a few ways they do it: The pursuit of success turns you into a money magnet Those who pursue success turn themselves into money magnets, drawing other success-minded people into their circle, bringing with them their contacts and unique opportunities to make more money. Persistence turns…
Are you: Tired of meetings that go off track and never leaving enough time to get through all the agenda items? Frustrated with how long meetings take? Concerned with the time it takes to discuss certain agenda items and how people dominate discussions resulting in many decisions being made by the minority? If you answered…
If you’re thinking of securing a new loan or refinancing an old one, then you’re in luck. Because recent policy changes by some lenders could make refinancing or securing a new loan easier, according to new insights from Canstar. The Reserve Bank’s decision to increase the cash rate for the twelfth time to reach a…
The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March. It’s the weakest growth since the economy shrank during the COVID lockdowns, and, before that, the weakest economic growth since December 2018. If economic growth continued at that pace for four quarters, the annual rate would be…
In 2022, in Australia’s eastern states, more than a quarter of residential property transactions happened without a mortgage, according to new research by PEXA. This means that buyers could purchase homes without relying on loans, even with high-interest rates at the time. Total value of residential sale settlements in Australia’s eastern states was a whopping…
A single investment property won’t help you achieve financial freedom. However, the majority of investors don’t make it beyond one property, and of the ones who do, only a tiny portion own six or more. Why don’t investors own more properties? Brett Warren joins me today to discuss the mistakes investors make that limit their…
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…
