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…
In the world of property investment, a troubling phenomenon often rears its head: the Dunning-Kruger Effect. You see.. when it comes to money, seemingly rational people don’t always act rationally. We are subject to cognitive biases. Let me explain… In 1999, psychologists David Dunning and Justin Kruger published research finding that people with limited knowledge…
When it comes to real estate investing, there’s an old saying: “If it seems too good to be true, it probably is.” But for many first-time or naive investors, the allure of quick profits and shiny new developments often blinds them to the hidden traps lurking beneath the surface. One of the most insidious of…
Life is about constant, predictable patterns of change. For the six thousand years of recorded history, as humans have entered this world, received parental instruction, and classroom instruction, and gathered the experience of life; many have set for themselves ambitious goals and dreamed lofty dreams. As the wheel of life continues its constant turning, all…
![[PODCAST] Australia’s Housing Markets in 2025: Opportunities, Risks, and Surprises with Nicola McDougall](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/12/MY-podcast-636-Nicola-McDougall-270x200.jpg)
It’s the beginning of a New Year, so I’d like to take a step back to reflect on the rollercoaster that was 2024 in the housing markets and gear up for what promises to be an equally fascinating 2025. Today, I’m joined by Nicola McDougall, chair of PIPA – the Property Investment Professionals of Australia,…
We all belong to one – A tribe that is! So in our latest Demographics Decoded podcast episode, Simon Kuestenmacher and I delved deep into the rich tapestry of demographic tribes that make up Australia. It’s fascinating how we can group people based on their behaviours, preferences, and life stages. These groups, or “tribes,” provide…
If you’re a beach person like me, you no doubt have had this experience — in order to get to your spot on the beach, you have to trudge through a seemingly endless duration of scorching hot sand, carrying your umbrella, chairs, cooler, and many other things. If you don’t properly prepare yourself for the…
Playing monopoly was a tradition in our family for a long time. Unfortunately, the game doesn’t come out as often these days – I guess I don’t play board games much anymore. In the good old days, I played Monopoly with my parents when I was young, with my children when they were young, and…
Are you interested to know where Australia’s richest people live? And I’m not talking millionaires, but centi-millionaires, in other words, individuals with liquid investable wealth of +US$100 million (around A$144 million). According to a new report by Henley & Partners, using data from global wealth intelligence firm New World Wealth, there are currently 29,350 centi-millionaires…
I love motivational and inspirational quotes because they remind me of the importance of a confident attitude. Here’s another dozen quotes to get you inspired: 1. “If you have integrity, nothing else matters. If you don’t have integrity, nothing else matters.” – Alan K. Simpson 3. “Confidence, like art, never comes from having all the…
