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.
July 1 is the start of a new financial year. It also marks the end of the National Rental Affordability Scheme, which once provided more than 35,000 affordable rental homes across the country. The scheme was introduced by the Rudd government in 2008 in response to declining affordability. But it was later axed by the…
If you want to succeed in life, you absolutely must surround yourself with other successful people. Successful people are successful because they have expert knowledge and skills in very specific niches. Unsuccessful people lack expertise in any one niche. Successful people surround themselves with other success-minded people who are also experts in their field. They…
Property investors have somehow become Australia’s favourite scapegoat. The media paints us as greedy landlords. Politicians use us as an easy target for the housing crisis. Social media commentators accuse us of locking first-home buyers out of the market. In over 50 years of property involvement, I’ve never seen the “us versus them” divide so…
It’s not that people love or hate migration – it’s that most don’t understand what’s really driving our housing crunch. They’ve been told that “mass migration” is the villain, when in fact the problem is deeper: we’ve built a system that needs population growth to function, but refuses to make room for it properly. The snapback, not a surge Australia’s net…
It seems that everyone was an investment genius when the property markets were booming. But when times get tough it’s important to listen to those who have the perspective of having lived through a number of economic cycles and who take a holistic approach to wealth creation. And clearly we are now in interesting, and…
Everyone says they want more affordable housing. Politicians promise it at every election. Media commentators demand it. Young Australians tell pollsters they’re worried they’ll never own a home. Yet if property values in any of our capital cities suddenly fell by 10% or 20%, most Australians would be horrified. That’s because housing affordability has become…
Are you looking to buy a new property or considering purchasing an off the plan property? I know many investors are considering this since the recent federal budget, which leans heavily towards supporting brand-new property. There is also a seductive story being told about buying off the plan or brand new: no repairs, no defects,…
Generally low vacancy rates have eased over June but rents have continued to rise for both houses and units – particularly in Sydney and Melbourne. Sydney was the top performer with house rents surging by 2.9% over the month followed by Melbourne higher by 1.7% and Adelaide up 0.8%. Brisbane, Darwin and Perth house rents…
Property investing has made more ordinary Australians wealthy than just about anything else. But here’s the uncomfortable truth most people don’t like admitting. Not because property “failed”. But because no one told them the parts that really matter. The stuff that doesn’t fit neatly into a headline, a seminar pitch, or a glossy brochure. So…
Money takes away your problems, or so the saying goes. But what does that really mean? Can money really solve all of our problems? While it’s true that money can’t buy us happiness, it can certainly make life a lot easier. With enough money, we can pay someone else to take care of may of…
