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.
Let me tell you a little story. It’s the story of a consultant who had a scary idea. She wanted to publish a cookbook. She had no background in writing, publishing, cooking, blogging or anything related to that goal. In this tall tale, the consultant left her job to follow her dreams, as the…
As Australia’s rental market continues to tighten to record levels, the pace of rental growth has slowed for the second consecutive month, possibly due to a seasonal lift in rental stock combined with affordability constraints. CoreLogic’s Quarterly Rental Review for Q4 2022 shows the Australian dwelling market saw a slowdown in the pace of rent…
How do you view life? Some people think that what happens in their lives is out of their control. These are the folks who wait passively for what life dishes out to them. They have few goals, and they are the ones who usually hope for the best — that life will be kind to…
This is the ninth property downturn I’ve experienced in my 5 decades of investing, and I saw it coming and I’m taking advantage of it. However, the current market is causing concern and stress for many investors who’ve never invested during times like this before. In reality, the market is just doing what it always…
The CoreLogic Daily Home Value Index (HVI) hit a record decline of -8.40% on 7 January 2023 after peaking on 7 May 2022. The result takes the national housing downturn into new territory, breaking the previous record in peak-to-trough declines, when home values fell -8.38% between October 2017 and June 2019. While the housing downturn…
Australians desperately need more affordable homes, particularly homes for rent. The prospect of home ownership is rapidly receding for many people, especially younger generations (as the chart below shows). More people than ever are being forced into a tight rental market. Making things worse, many traditional providers of residential rentals, the “mum and dad” investors,…
As a property investor, one of the toughest decisions you’ll face is choosing the right professionals to manage your property. Their role is an important one. They’ll be in charge of advertising, conducting inspections, vetting potential tenants and organising maintenance – not to mention ensuring rent is paid in full and on time – so…
One of my children’s favourite stories was the Very Hungry Caterpillar. No matter how many times they heard the ending; there were always gasps of amazement when the caterpillar changed into a beautiful butterfly. What seemed like a miracle to them is actually a normal part of the life cycle of many insects, but it…
Have you ever wondered why the rich keep getting richer and how you can join the ranks of the wealthy and successful? There’s been a lot of research into this question, including by my good friend and guest today Tom Corley who spent 5 years studying the rich, which he then documented in his first…
![Which countries have the highest inflation? [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/11/inflation-270x200.jpg)
Inflation is surging nearly everywhere in 2022. Geopolitical tensions are triggering high energy costs, while supply-side disruptions are also distorting consumer prices. The end result is that almost half of countries worldwide are seeing double-digit inflation rates or higher. With new macroeconomic forces shaping the global economy, the above infographic shows countries with the highest…
