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.
What’s ahead for our economy now that we’re moving into a Covid normal world? Well last Friday in its quarterly statement on monetary policy the Reserve Bank of Australia gave its usual three scenarios. If the upside scenario was achieved, Australia would experience a booming economy off the back of strong property price growth, surging…
A great leading indicator – a positive sign for our economy is that new job ads on SEEK rose 10.2% in October. This followed on from the strong 8.8% month on month rise in September, Not surprisingly NSW, Victoria and the ACT drove the result with those jurisdictions coming out of lockdown in the month. This…
Rents are on the rise across Australia However, growth in rental rates has eased slightly, with the national rental index rising by 1.9% over the September quarter compared to a 2.1% rise over the June quarter. While we have seen some easing in rental growth, national rental rates are 8.9% higher year-on-year which is the…
How have the coronavirus lockdowns and the recession we experienced last year affected your household finances? Have you applied for a mortgage repayment holiday for your home or your investments? Has the pandemic changed your strategy or approach to property investing? These are only some of the Covid-19 related finance questions we recently asked over…
In the wake of a jump in the proportion of workers quitting jobs in the United States – dubbed the “Great Resignation” – Australia’s media has been warning of a surge in resignations here. “Here comes the Great Resignation,” reads one headline; “Millions of Aussies predicted to leave jobs” reads another. In fact: there is…
We’ve heard a lot about the “Great Resignation,” the trend of people quitting their jobs to pursue better-paying and more meaningful opportunities. We’re now seeing the “Great Retirement,” a silver tsunami of Baby Boomers leaving the workforce. A recent report by Commsec suggests that more people than expected have joined the ranks of the retired…
Believe it or not…Australia’s household wealth has skyrocketed over the last two years despite enduring a once in a hundred-year pandemic and the first recession in three decades. Household wealth rose 5.8 per cent or $735 billion in the June 2021 quarter to a record high of $13.4 trillion. As a result, the average net…
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What would Warren Buffett say about how I approach my property investing? And why do I even care? Well… Buffett who is 90 years old is consistently ranked amongst the world’s richest people, is arguably the most successful investor of the 20th century, and has an estimated net worth of $107 Billion. This means, he’s…
As expected the RBA has left official rates on hold over November at the record low 0.1%. Despite the near-certainty that rates would remain on hold, speculation has intensified that the RBA may now be inclined to bring forward its previous forecasts that official rates would not increase until at least 2024. Market speculation of…
It goes without saying that the impacts of COVID on population change have been profound. Not only has Australia recorded a net loss of overseas migrants but there have been changes in the age structure as a result. In 2019-20, the population of young adults in Australia declined. This blog looks at the scale of…
