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.
There are many benefits to living in an iconic city like New York or Singapore, but the amenities and exclusivity can come at a high cost. Cities become “expensive” due to a variety of factors such as high demand for housing, a concentration of high-paying businesses and industries, and a high standard of living. Additionally,…
Before starting a tenancy, the property must be safe, secure, reasonably clean, and reasonably fit to live in. Is that it? No! These are just the fundamentals. The legislation goes much deeper into the minimum standards of rental properties and landlords and agents must adhere to them… or they may end up in hot water….
Property investors are selling up! Nationwide, the number of new listings for investor-owned residential properties has nearly doubled since December, with more than 5,000 properties put up for sale in the past three months, according to data from CoreLogic. This has brought the total number of investment properties listed for sale to 10,542. Increase in…
Everybody loves chocolate, right? Well, not everybody, at least not to the same degree. According to data from Statista’s Global Consumer Outlook, there’s a huge gulf in chocolate consumption around the world. While the cocoa-based treat is very popular in large parts of Europe and in the United States, many people in Asia prefer other sweets…
Success is a journey, not a destination. Many people have struggled to find success and happiness in their lives, but the key to achieving both lies in the way we think about success. Napoleon Hill, the famous self-help author and motivational speaker, believed that success could be achieved by anyone who follows the principles outlined…
HomeBuilder saw a surge in detached housing approvals yet little change in attached dwelling applications. Rising costs, and labour shortages alongside fixed price contracts have stuffed up a lot of building businesses, with many facing the wall. Some major construction firms are now thinking of pulling out of the residential sector altogether. Working for practice…
Researchers at Vrije Universiteit Amsterdam in the Netherlands published a paper that, for the first time, linked genetics to happiness. In the study of nearly 300,000 people, the researchers, led by Meike Bartels, found that there was a direct link between genes and happiness. This is a groundbreaking study. For the first time, researchers were…
The RBA Governor unveiled a tidy speech in Sydney, explaining why interest rates are on pause (and why rates will likely peak at a lower level in Australia than in some other countries). Domestic demand has already been hammered by the rate hikes delivered to date. Meanwhile, good prices are set to fall in Australia as…
![[Podcast] The Growing Income Divide: Inner and Outer Suburbs in Australia, with Ross Elliott](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/04/The-Growing-Income-Divide-Inner-and-Outer-Suburbs-in-Australia-2-270x200.jpg)
In today’s show, my guest Ross Elliot and I discuss the widening income disparity between Australia’s inner and outer suburbs. In recent years, this issue has become more pronounced, with the income gap between the two areas continuing to grow. In this episode, we will explore the causes and consequences of this trend, and discuss…
Of all people experiencing homelessness on Census night, nearly two in five (39%) were living in ‘severely’ crowded homes. The latest data from ABS revealed that 122,494 people were estimated to be experiencing homelessness at the time of the 2021 Census, an increase of 6,067 people (5.2%) since 2016. The rate of homelessness decreased to 48…
