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.
Demand for dwellings has seen an impressive lift in the past two months. Evidence of this can be seen through increases in the CoreLogic Home Value Index, higher auction clearance rates, and a rise in the number and value of housing finance commitments reported by the ABS. What will the impact of rising demand have…
Property investors are always looking for the causes of house price growth. The reason is obvious – if we know what leads to price rises, we can find potential boom areas before the growth starts. One well-tested way to do this is to find links between cause and effect, which is a process called correlation….
CBRE extrapolated in a report insight that Australia’s population will grow by around 4.43 million over the next decade, following a pause in immigration through the international border closures period. This will represent an increase in the Aussie population of well over +15 per cent over the decade, driving significant demand for housing, with most…
The Federal Labor government made a bold pledge to build one million new homes in five years as part of their housing accord last October. As Treasurer Jim Chalmers unveiled the ambitious plan, many applauded the effort to address Australia’s rental crisis and housing shortage. However, with the housing industry warning that high-interest rates and…
No place in Australia faces a brighter future than southeast Queensland, with the potential to secure much-needed infrastructure due to the Olympic Games. This catalyst event can bring infrastructure spending from the future into the present, creating opportunities for growth and development. However, it’s crucial that the region seizes this once-in-a-lifetime opportunity without squandering it….
Think of a time when you felt vulnerable. Perhaps you were in a hospital corridor, or an exam hall, about to be tested. Now, focus on the building you were in. What if, without you knowing, the design of that space was affecting you? We study environmental psychology, a growing field of research investigating the…
If you follow me, you know that one of the most common Growth Habits of self-made millionaires is self-education. For most of my “millionaires”, the knowledge they acquired came from one habit – Reading to Learn. Seventy-one percent of the self-made millionaires in my Rich Habits Study, read to learn, a minimum of 30 minutes every day….
Employed significantly missed expectations in April, declining by -4,300, partly reversing the strong gains of the previous month. Full-time employment gave back -27,100 jobs in April. The number of unemployed persons increased +18,400 to 528,000, the highest in 11 months. This was enough to take the unemployment rate up from 3.5 per cent to 3.7…
In a move aimed at assisting borrowers trapped in mortgage difficulties, the Westpac Group has announced a reduction in stress test requirements for certain refinance applications. Traditionally, banks subject borrowers to stress tests to ensure they can comfortably afford mortgage repayments even if interest rates increase by 3 percentage points above the applied rate. However,…
Homeowners in Sydney, Australia, are holding onto their properties longer than ever. Data from CoreLogic reveals that the median hold period for houses across greater Sydney has doubled from 5.3 years in December 2002 to 10 years in December 2022. For units, the median hold period increased from 4.3 years to 8.3 years over the…
