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.
It seems that the Australian dream of homeownership slipping away for first-home buyers. For many Australians, the dream of homeownership is a symbol of stability and success. But in 2024, that dream is becoming increasingly elusive for first-home buyers. According to Canstar’s First Home Buyer Survey 2024, the average savings rate for first home buyers…
![[PODCAST] Looking Back, Leaping Forward: Dr. Andrew Wilson’s Predictions for 2025](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/11/626-Dr-Andrew-Wilson-270x200.jpg)
It’s customary at the end of the year to look back at the year that was and then look forward to making some predictions for our housing markets for the year ahead and in today’s show Dr Andrew Wilson and I explore the trends that will shape the property markets in 2025. Takeaways The housing…
The sky is falling! The experts have started switching their property market predictions from boom to gloom, pointing to the current market slowdown as the first sign of an imminent collapse which threatens to bring down prices everywhere. I want to explain why they are completely wrong. These doom and gloom forecasts are guilty of…
Soaring prices, very low rental vacancy rates and a lack of affordable housing continue to put a strain on Australia’s rental markets and keep us in a rental crisis situation. While rental price growth has slowed, monthly and annual increases continue to push affordability to its peak. Meanwhile, there is still growing concern that the…
I just finished reading an article complaining about the rich. The author was upset at the fact that 1% controlled 82% of the wealth in the world. In the author’s mind, there was something inherently unfair about this. The author, like many who are not in the 1%, felt that the wealth the 1% created…
The hopes for a December rate cut were slim leading into today’s meeting, with financial markets giving just a 6% chance of a rate cut in December. That’s not surprising given the rise in the monthly inflation indicator through October to 3.5%, alongside ongoing tightness in labour markets, where the unemployment rate has held around…
Over the years I’ve learned to challenge my audiences to turn their response to the ideas and information they receive into results. According to the Christian story, the first couple, Adam and Eve, was instructed to be fruitful – produce some results. Fruitful is kind of an interesting word; it denotes abundance. Here’s what I…
![[PODCAST] Homeownership Dreams on Hold: What’s Really Stopping Younger Generations? With Simon Kuestenmacher](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/12/621-Why_young_people_are_putting_off_home_ownership_will_later_in_life-with_Simon_Kuestenmacher-270x200.jpg)
Today Simon Kuestenmacher and I explore why young Australians are increasingly delaying their dreams of homeownership. We’ve all heard about skyrocketing property prices and the challenges of securing a mortgage but, as you’ll hear, there’s more to the story than just affordability. Sure, property prices present a significant barrier, but we also examine lifestyle changes,…
Property investors and homeowners around Australia are eagerly waiting for the day when the Reserve Bank of Australia (RBA) decides to lower interest rates again, in the hope that lower rates will go some way to ease the burden of higher mortgage repayments and strained affordability. With the official interest rate paused throughout 2024, holding…
As we close the chapter on 2024, it’s clear that Australia’s property market has showcased remarkable resilience amid economic uncertainty. Despite ongoing challenges like rising living costs, affordability pressures, and stubbornly high interest rates, the property markets have defied expectations. Domain’s 2024 End-of-Year Wrap and 2025 Outlook provides an in-depth look at the forces shaping…
