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.
We got the expected bounce in employment in February, with total employed persons rising by +64,600 as Aussies returned from their long summer breaks. These solid increases came after two consecutive monthly declines, however. The 3-month average gain in employment was thus very modest at only +12k. With population growth rates running at record highs,…
Women in Australia continue to trail men in the homeownership stakes amid crippling interest rate rises and falling home values. CoreLogic’s 2023 Women & Property report released ahead of International Women’s Day, found men were associated with ownership of 3.1% more of the housing stock analysed than women. Female-only ownership of dwellings was 26.8%, while…
The latest labour force data from the Australian Bureau of Statistics shows employment in February increasing by 64,600, and the (seasonally adjusted) unemployment rate declining from 3.7% to 3.5%. It’s confirmation that it’s still too early to declare that the labour market has reached a turning point, after which we can expect the rate of…
The ‘fixed-rate cliff’ has emerged as one of the biggest potential risks to housing market values, and overall stability in 2023. This article explains what the cliff is, and five must-know pieces of information that put the cliff into context. What is the ‘fixed-rate cliff’? Mortgage rates fell dramatically during the pandemic. This was particularly…
Our property market continues to surprise us. Although the desire to purchase property has decreased slightly, the limited number of properties available on the market has led to heightened buyer competition in all major cities, except for Hobart, reaching its highest level in a year. In fact, according to PropTrack’s latest data, the overall demand…
Tuesday’s tenth successive Reserve Bank interest rate hike is the culmination of a process that has added $1,080 to the monthly cost of payments on a $600,000 variable mortgage. I’ve calculated this increase in payments – which amounts to $12,960 per year – by comparing payments on the National Australia Bank’s base variable mortgage rate…
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We all belong to one – a demographic tribe, that is. In fact, Australia is one big country of many tribes. If you don’t belong to the one, you don’t survive. Some are easy to find: it might be your footy team or where you work, the way you vote, or the way you dress….
During the COVID-19 pandemic years, our government battled to keep the economy in growth despite lockdowns and border closures by creating massive amounts of new money. We are now experiencing the legacy of this strategy in the form of higher interest rates, inflation and rising housing prices. At the onset of the pandemic, most economists…
The holiday season is often associated with joy and cheer, but it can also bring a significant increase in household spending. In fact, according to the latest data from ABS, household spending rose 17.8 per cent in January compared to the same time last year. Robert Ewing, ABS head of business indicators, said: “Household spending…
Are you a people pleaser? If so, here are seven reasons why you’re likely to fail. There’s an old saying that you can’t keep everyone happy. Now that makes sense, doesn’t it? Attempting to please everyone will only end in tears. But so many people try it. There are a fair few bosses out there…
