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.
According to the latest ABS Lending Indicators data property buyers are adjusting to current market conditions in different ways. New lending has increased for the first time in 14 months while existing borrowers are responding to rising interest rates by refinancing at record levels. In March, new lending rose by 4.9% compared to the previous…
As you pursue your dreams and goals you will meet many new people. Some will be supportive and some won’t. Below are the six types of individuals you will encounter along your quest for success. Thanks to the millionaires in my Rich Habits Poor Habits Study, I have some valuable data that will be invaluable…
Several new population studies have been released over the past couple of weeks. Frankly, reading them is like watching the paint dry. So, I have summarised – including some estimates from my end – the big picture in two simple tables. The first table shows a few things: The annual population growth rate over the…
After witnessing record gains in wealth, ultra-high-net-worth individuals (UHNWIs) lost a combined $10 trillion last year. A lagging stock market dented these fortunes against high-interest rates, energy shocks, and economic uncertainty. But some of the world’s billionaires have flourished in this environment, posting sky-high revenues in spite of inflationary pressures. With data from Forbes Real-Time…
The latest interest rate decision was always going to be a line ball; however, the 25 basis point lift will likely be the last in the most rapid rate hiking cycle on record. Although inflation has been trending lower since peaking in the December quarter of 2022, yesterday’s rate hike reflects the RBA’s uncertainty about…
Does the type of lease agreement impact insurance cover? Yes, it can do! We explain… But first, let’s delve into the differences between the two main types of lease agreements – fixed-term and periodic. Fixed-term tenancies A fixed-term tenancy has a specific start and finish date. Once the fixed-term ends, you and your tenant can…
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Homeownership is looking further out of reach for anyone without family wealth, as over the last few years property prices kept growing and wages fail to keep up. Is it really harder to get into the property market today than it was a number of decades ago? That’s what I discuss today with independent financial…
After declining for most of last year, home prices have started to increase again in 2023, with April marking the fourth consecutive month of rises nationwide, according to the latest PropTrack Home Price Index. This is due to factors such as strong migration, limited supply, and tight rental markets, which are offsetting the impact of…
The rental markets throughout the country are already highly competitive due to a shortage of available rental properties. This has led to historically low vacancy rates and skyrocketing rents. This situation is especially pronounced in metropolitan areas, particularly in the apartment market, where strong demand drives up the pressure. Add to that the latest data…
Many locations in Australia are heading for the biggest property market boom in a generation. Did you know that we have only ever experienced six housing market booms since our nation began? They are shown on this graph, and they were all generational property market booms, caused when each new generation decided to buy their…
