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.
Many people don’t like to save for the future because they think it’s painful. Saving means they have to do without. Conversely, spending today is fun and enjoyable. Buying a new gadget, a new pair of shoes, dinner at a fancy restaurant, some wine (well, I regard wine as more of an investment). These things…
The state of Australia’s rental market is concerning, with no signs of relief in sight. Advertised rents have surged while vacancies have hit historic lows, all due to a scarcity of rental properties. Over the past year, the demand has shifted from regional areas to the capital cities, particularly the unit market, as overseas migration…
I know it sounds crazy to say this but we are hardwired to be lazy. And we have our brains to blame. The fact is, the human brain is lazy. Or, looking at it another way, the brain finds ways of doing things that make it work less. That’s why we have habits. Habits enable…
The Australian Competition and Consumer Commission’s latest Targeting Scams report indicates Australians reported more than A$3 billion lost to fraud in 2022. This is about a $1 billion increase in reported losses from 2021. Year after year, we’re witnessing a rise in monetary losses to fraud. Behind these figures sit millions of Australians who experience…
Another senior economist has changed their view on the housing market. One by one they are upgrading their property forecasts and agreeing that our housing market won’t crash like they had previously forecast. Recently ANZ’s economists amended their more pessimistic outlook and now expect capital city housing prices to end this year unchanged before a…
Following ten consecutive rate hikes, mortgage holders may be relieved to learn that the Reserve Bank (RBA) is slowly getting closer to taming inflation. The ABS inflation figures for March showed further signs of gradual cooling in the economy, including a pronounced slowdown in inflation for the construction of new dwellings. On a quarterly basis,…
Following a decrease from its peak to a trough of slightly more than 4%, it seems that national home prices are now on the rise again, with Sydney spearheading the recovery. The housing market began the year with more strength, and after nine consecutive months of decline, home prices increased for the third time in…
Trying to get your head around Capital Gains Tax (CGT) can sometimes be like attempting to learn a new language. You think you’re doing alright with it and then someone from that country starts talking to you thinking you’re a local and you end up quite confused and no doubt a little embarrassed. Of course,…
![[Podcast] The Real Estate Rip-Off: Is our Housing Market a Ponzi Scheme?](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/04/The-Real-Estate-Rip-Off-270x200.jpg)
Today we’ll be discussing whether residential real estate in Australia is a Ponzi scheme or not. For many years, there has been a debate about the sustainability of the Australian property market and whether it is a Ponzi scheme waiting to collapse. Some commentators have argued that rising house prices are being driven by speculation…
Australia is heading towards a severe housing crisis, with a projected shortage of 106,000 homes by 2027. This dire situation arises from high-interest rates, surging immigration, and community resistance to new developments. Despite a recent 0.6% increase in dwelling values in March, the National Housing Finance and Investment Corporation (NHFIC) warns that cities like Brisbane…
