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.
I believe most people spend too much of their lives trying to reduce perceived financial risk. The opportunity cost of this approach is very high and puts lifestyle goals at risk. Too much focus on risk reduction Many people buy a home and then focus on repaying debt. They then upgrade their home and once…
Achieving financial freedom is a goal for most people. Unfortunately, the reality is that not that many people will achieve it. So what is financial freedom? There are lots of definitions but I like the one from T Harv Eker: “Financial freedom is simple: it is the ability to live the lifestyle you desire without…
What if I told you the single biggest threat, or opportunity, for your wealth creation journey could be something you never saw coming? In the early 1980s, long before there was a TV show by the same name, economist Dr. Don Stammer taught me to always watch out for the “X Factor.” These are the…
They were born into a world rebuilding itself after war, came of age during unprecedented economic expansion, and spent decades accumulating assets in a system that steadily rewarded long-term ownership. Today, Baby Boomers sit at the centre of Australia’s economic landscape, still shaping markets, policy settings, and the financial trajectory of younger generations. Yet the…
According to Cotality, since its daily index began at the start of 2010, Melbourne house values have risen by around 4% p.a., which is only about 1.3% p.a. above inflation. But of course, not every property has delivered such a mediocre result. That begs the real question: which types of properties have outperformed over this period, and what…
Welcome to the inaugural episode of Market Room Live, where I delve into the complexities of the property market and the recent bombshell federal budget’s impact. This discussion, featuring insights into current trends and future predictions, is essential for anyone interested in navigating the evolving landscape of real estate investment in Australia. Understanding the Federal…
Have you ever wondered why some people seem to make better financial decisions than others or why some investors consistently build wealth while others get stuck making the same costly mistakes? It’s easy to blame external factors such as market downturns, interest rates, or bad luck. But in my mind, the biggest may be you!…
For decades, Australia’s housing market has been powered by a dependable demographic conveyor belt. People pair up, get married, start families, need more space, trade up, and eventually downsize. That tidy progression created suburbs, justified infrastructure, and underwrote a century of housing supply assumptions. But the engine room of household formation is changing – quietly,…
![The Cities Where the World’s Billionaires Were Born [INFOGRAPHIC]](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/01/billionaire-270x200.jpg)
New York stands out as the world’s leading billionaire birthplace, but it’s far from the only global hub shaping extreme wealth. Across Asia, cities like Hong Kong, Singapore, and Mumbai also rank among the top origins of the world’s richest individuals. This world map highlights the cities around the world where at least 10 billionaires…
Australia’s property markets have moved into a more complicated phase. At the beginning of the year, many investors were expecting 2026 to be another strong year for property, driven by tight supply, rising incomes, and the ongoing shortage of accommodation in many parts of the country. But as we move through the year, the story…
