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.
After a pandemic, rampant inflation, a faltering global economy, and geopolitical flare-ups, it’s no surprise that people have a souring outlook on the future. Even so, the results of this recent survey by Ipsos are eyebrow-raising. In all 33 countries where polling took place, most respondents said a world war on the scale of WWI…
There is a housing crisis in Australia with an undersupply of both properties for rental and for sale. The surge in immigration and the return of international students has seen a demand for housing boom. The extra half a million people who will be coming over the next year or two have to live somewhere,…
New home sales fell by -7.2 per cent in March, and have effectively been cut in half since the first quarter of 2022. With cancellation rates now above 30 per cent, many builders are reporting “negative sales” over recent months according to the Housing Industry Association: Source: HIA In New South Wales, new home sales…
Success, particularly as an Entrepreneur or Virtuoso, demands obsession. In order to succeed in whatever it is you do, you must become fanatically obsessed with one thing for a long period of time. Obsession creates a laser-like focus enabling you to ignore anything that distracts you from your obsession. This is one of the many reasons…
The review into the Reserve Bank of Australia has just been published by Treasurer Jim Chalmers, and it’s a blockbuster. The review has made 51 recommendations including: taking away power over interest rates from the Reserve Bank board (which has traditionally been dominated by non-economists, usually corporate executives) and devolving it to a panel of…
In my ongoing Rich Habits research, I have the fortunate opportunity to peer into the lives of the rich and poor. Thanks to my research, I’ve learned that there are fifteen factors that make it hard for people to hold onto their money or build wealth: Pretender Syndrome Ego-driven purchases are intended to create the perception…
There were another 524 construction insolvencies in the March 2023 quarter, an increase of 93 per cent from a year earlier. 235 of the failures were in New South Wales, 149 in Victoria, and 89 in Queensland. The residential construction sector is known to have a high multiplier, and failures will ripple out through subcontractors…
The current workforce shortage in many industries has left employers struggling to find workers to fill their open positions. While some may attribute this to a lack of motivation or work ethic among younger generations, the reality is that there are significant demographic shifts at play. In his article in The New Daily, demographer Simon…
New research by Finder suggests that Australian couples are accelerating their cohabitation plans to alleviate financial stress. A survey of 441 renters conducted by Finder revealed that 15% of couples have moved in together earlier than intended. Of this group, 10% decided to cohabit earlier than planned to cope with the escalating cost of rent,…
So, you think you know why rents climbed. You probably think was skyrocketing interest rates and a tsunami of migration. It’s true that interest rates have jumped more over the past year than at any time on record, and it’s true that migration has roared back – in the six months to September 2022 (the…
