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.
ASIC has released a warning – Info73, that in the event of the death, incapacity, or bankruptcy of a sole director company that: “During that period when there is no director, the company may be completely unable to operate. “With no one properly authorised to make management decisions or act for the company, it may…
![The 25 Richest Countries in the World - Here's Where Australia Sits [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2015/08/world-globe-puzzle-coins-economy-270x200.jpg)
Which are the richest countries in the world, by nominal GDP per capita? This map looks at the top 25 countries and Australia sits at # 10. Yes despite the pandemic, the average Australian is wealthier than ever. Despite all the challenges Covid has thrown at us wealth is up 19.7% on a year ago…
House prices in some of Australia’s more popular school catchment areas have soared by as much as 46% over the past 12 months. Parents are paying a premium for homes in locations that make their children eligible for enrolment in high-performing or popular government schools according to the 2021 School Zone Report by Domain Group. Domain’s…
There’s a new sway of million-dollar suburbs in Melbourne suburbs where the median house price has cracked one million dollars according to the REIV. While Melbourne housing values suffered because of its extended lockdown which severely impacted market activity in 2020 since late October the Melbourne property market has rebounded strongly despite its intermittent Covid…
Is the home really just a home anymore? Let’s be honest since COVID our houses have become homes, schools. offices and full services restaurants – especially during lockdown periods. But according to Domain we have even changed what we look for in a home? There has been a significant change in what people wanted in…
Queensland had the highest volume of property sale settlements in the September 20211 quarter according to PEXA – the electronic property settlement platform. In fact, Queensland was the only state to achieve positive quarter-on-quarter volume growth according to Pexa’s Property and Mortgage Insights report The impact of the extended lockdowns in NSW and Victoria was…
There’s a lot of talk about Australia’s property boom and how house prices are growing at the fastest rate in decades. However, according to Knight Frank’s Global House Price Index, Australia ranked only seventh out of 55 countries for annual price growth. While overall price growth in Australia was 16.4% over the 12 months to…
The trend of empty-nesters moving from large, luxury homes into large, luxury units has has been called “rightsizing” rather than downsizing. Apparently owning an expansive house with a white picket fence and garden with stretching green lawns is no longer the Australian dream retirees and many wealthy families Instead, they are rightsizing, or downsizing, for…
Worldwide, the working-age population will see a 10% decrease by 2060. With a rapidly aging global population due to declining birth rates and increased life expectancy, a smaller workforce will slow down economies and raise healthcare costs. Where does your country rank? Image: OECD The implications of an aging population The world is experiencing a…
China’s economic momentum is slowing. Official figures published this week showed GDP growth in the last quarter came in at an annual rate of “just” 4.9%. This compares with 7.9% annualised GDP growth for the previous quarter. I say “just” because the last time the Australian economy grew this fast was — checks notes –…
