Saving for a home deposit is a significant milestone for many, but the path to securing it can be difficult and take several years to achieve. Many people question how to save for a house deposit in the quickest and most efficient way, and thankfully I do have some tips and tricks to help. Here’s…
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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.
Latest postsIs financial infidelity worse than adultery in a relationship? Well, a Finder survey of 1,096 respondents revealed that 1 in 5 Australians (21%) – equivalent to 4.2 million people – think lying to your partner about finances is worse than physically cheating. Baby boomers (23%) are most concerned with financial fibs in a relationship, compared…
With an aging population and ever-decreasing government resources, Australians are looking at being less reliant on the social security safety net and planning personal strategies to give themselves comfortable financial security in later years. Given the vagaries of the stock market, investing in property is being recognised as a less risky way of owning a…
Is it really possible to develop financial wealth by building a substantial property portfolio in Australia today? The answer is yes. It’s simple, but it’s not easy. And that’s not a play on words. It’s simple if you do what many other savvy property investors have done and built a substantial asset base of investment-grade…
Are you thinking of becoming a property investor? If you’re planning on trading the smashed avo and craft beer for a property portfolio, knowing where to start can be challenging – especially if you’re the first in your group of friends to embark on the property investing path. Here are six tips for young investors,…
The rich get richer. You’ve no doubt heard that soundbite many times. Is it true? The short answer is no. According to the Williams Group, a wealth consultancy group, 70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third. Still, those raised in wealthy households have a huge…
The median weekly rent value across all Australian dwellings has hit a fresh record high of $627 per week, and rental costs range from $770 per week in Sydney, to $547 in Hobart . Summary of median weekly rent and value change – data as of April 2024 Region Median weekly rent Monthly change in…
The lending landscape experienced another surge in March, marking the second consecutive month of growth as buyers rushed into the market ahead of anticipated cuts to the country’s official cash rate. According to the latest ABS Lending Indicators seasonally adjusted data, the total value of new home and investment property loans reached $27.64 billion in…
As our property markets move into the upswing phase of the property cycle there will be more and more positive news. You’ve probably noticed how the media has changed its message over the last year or so – no more stories about real estate Armageddon or forced mortgagee sales. Now there are stories about strong…
The world of property investing can seem daunting to an inexperienced young hopeful, yearning to get his or her foot onto the ladder – but this needn’t be the case! So, here are my top tips to help you take the first steps to building your real estate empire, without making costly mistakes along the…