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’s been a tumultuous week for global markets and geopolitics as the US election came to a head, and we had a very predictable outcome from the RBA in their November policy meeting. And there’s some good news ahead for Australia, according to David Robertson, Chief economist of Bendigo Bank, who, in his latest report,…
If you’re looking to eventually develop financial freedom by building a substantial property portfolio, it’s crucial to understand the importance of running two distinct “businesses” to ensure you attain your goal of having a significant portfolio. I’m sure you’ve heard that 92% of property investors never get past their first or second property, and there…
“You’ll be exactly the same person five years from now except for two things: the people you meet and the books you read.” American speaker, Charlie ‘Tremendous’ Jones, delivered this nugget from a stage in Sydney 25 years ago. The takeaway was clear — if I wanted a great life, I had to meet better…
There is a saying that is a useful one to adopt if you’re prone to worrying unnecessarily. It is, “Why don’t you save your worry until there is something to worry about?” It’s a useful mantra because sometimes in life there are times that rightly cause us to worry such as the illness of a…
In today’s show, we answer one of the questions on almost every property investor’s mind: “How long does it take for my investment property to cover its costs?” We all know property investment is a long-term game, but it’s easy to get frustrated when you’re pouring money into your investment and not seeing immediate returns….
There are two major Australian housing demographic shapers over the next decade. These two next big waves are first home buyers and downsizers. Both these markets are looking for affordable housing outcomes and often, smaller homes with less maintenance. Smaller lots – especially those near high quality offsets like parks, cafes and views – are…
Australia is facing a housing affordability crisis like never before, with the latest data from the PropTrack Housing Affordability Report painting a stark picture of the challenges Australians face in buying a home. According to Paul Ryan, Senior Economist at PropTrack, affordability has now reached its worst level on record. This is not just a…
“Keep all your eggs in one basket, but watch that basket closely.” – Warren Buffett This is one of Warren Buffett’s most famous quotes. It is also one of the worst pieces of advice for anyone who is working on becoming rich. My dad inadvertently took this advice with his own financial empire, and in one…
There weren’t many punters betting on a rate cut on Melbourne Cup Day, with financial markets allocating only a 5% chance the RBA would reduce the cash rate by twenty-five basis points. It was only a few months ago when some forecasters were still expecting a November cut, but the data simply hasn’t been compelling…
Low supply, strong demand and high interest rates mean that it is harder than ever for Australians to buy property in the current market. High property prices mean many buyers, particularly first-home buyers, need a six-figure deposit at a time when their borrowing capacity is at an all-time low. And even for investors, the low…
