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.
The RBA has no intention of interfering with our booming property markets. RBA Assistant Governor Bullock recently spoke on The Housing Market and Financial Stability, noting lending standards overall have been maintained and gave little indication that the RBA or APRA are contemplating tightening macro-prudential policies in the face of a strong housing market. The…
![[Podcast] September Big Picture Podcast with Pete Wargent](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/09/305_-Michael-Pete-Wargent-270x200.jpg)
Australia’s economy and our property markets don’t operate in isolation, so I believe it’s good to regularly have a look at the big picture, the macroeconomic factors affecting not just Australia’s economy, but the world economy to help us understand what’s ahead for us, and I do this once a month in these Big Picture…
Credit standards remain prudent, but higher household debt levels or a further rise in high-debt-to-income ratio lending could be a trigger for tighter credit conditions down the track. The focus on housing credit policies is becoming more intense as property values continue to rise and mortgage debt levels increase faster than their long-term averages. It’s…
The records continue to tumble when it comes to the impact of the pandemic on Australia’s population. The imposition of international border restrictions from March 2020 saw Australia’s population grow by 35,700 people – the slowest pace since at least June 1981 when ABS records began. Net overseas migration was 95,300 over the year to…
![[Podcast] Here’s 6 reasons why we’re optimistic about Australia’s economic recovery, with Dr. Andrew Wilson](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/09/MY-podcast-304-property-forecasts-AW-270x200.jpg)
Australia may just have side-stepped another recession by the skin of its teeth after recording a small uptick in GDP growth over the June quarter. After an initial “miracle” V-shaped recovery, our economy did a U-turn as much of Australia was locked down at the end of the June quarter. And economists seem united about…
![14 signs you have what it takes to become a millionaire | Rich Habits Poor Habits [Video]](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/08/millionire-270x200.jpg)
Almost everyone wants to become rich. According to Tom Corley’s Rich Habits Research , being rich eliminates 67% of the problems that plague most people. So, besides being able to buy that house by the beach, snag a Rolex watch, or travel to exotic places, being rich means fewer problems in life. Fewer problems equals…
Australians are more likely to purchase a property sight unseen than they are a pet, vehicle, or boat, according to new data from Canstar. Believe it or not, the survey of 1,036 Australians reveals that 11% would be willing to purchase a property for owner-occupied or investment purposes without viewing it in person, whereas just…
Canberra’s property market has been a quite steady achiever – but is it a good place to invest? With the Sydney property market past its peak, I know some investors and buyers’ agents are looking to Canberra as an alternative Sure, Canberra is less than 300km southwest of Sydney, and it has enjoyed solid capital…
Saving the deposit for your first property is one of the hardest parts of getting into the market. In fact, it’s always been that way. But, with property prices in Sydney and parts of Melbourne now much higher than in years gone by, saving a big enough deposit is certainly not getting any easier. But…
CoreLogic estimates there were almost 598,000 house and unit sales across Australia over the year ending August 2021; the highest number of annual sales since 2004 and a 42% lift on the annual number of sales over the previous 12-month period. Nationally, the number of dwellings sold over the past year was 31% above the…
