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.
Recently I was considering the concept of limited resource thinking. It is often the case that a business may be held back by the owners having limited resource thinking. What exactly does this mean? A business owner may think they are unable to grow or expand because they have limited resources. Those resources may refer…
Today, we’re talking about property data. We’ve all heard the saying, “The numbers don’t lie,” but what if I told you that relying too much on property data could actually lead you astray? That’s exactly what my guest, Stuart Wemyss and I talk about today. If you’ve ever felt overwhelmed by the endless stream of…
All bets are off for a November RBA rate cut despite a drop in Australia’s annual inflation rate from 3.8 per cent to 2.8 per cent in the September quarter. The Consumer Price Index is now at the lowest level since the March quarter of 2021, and well below the peak of 7.8 per cent…
Lately, it seems like everyone’s pointing fingers at migrants for the mess we’re in with housing, but let’s be real—blaming newcomers is just an easy way out of facing the real issues. It’s easy to understand why: with headlines constantly highlighting record immigration numbers and skyrocketing house prices, it’s tempting to make a connection. However,…
Looking at buying your first investment property? Or maybe your next one? I’m sorry to say, but there’s no generic, one-size-fits-all approach to property investment. Residential real estate, as with any other investment vehicle, requires an individualistic approach. In other words, you must identify and address your own specific needs, goals, and circumstances in order…
Somebody said you have to love what you do, but that’s not necessarily true. What is true is that you have to love the opportunity. The opportunity to build a life, future, health, success and fortune. Knocking on someone’s door may not be something you love to do, but you love the opportunity of what might be behind…
Today we’re going to talk about why medium prices may not be the best gauge for housing costs. Now, if you’re like most property investors or people interested in property, apart from auction results, medium prices are probably the most quoted statistic, but maybe they’re not the right way for you to judge how our…
The early 1990s in Victoria were tough. The economy was contracting severely, the population was shrinking, employment was collapsing and the unemployment rate skyrocketed to the highest in the land. A long-term Labor government got the blame for allowing state debt to spiral out of control. Victoria reckoned a popular joke at the time, was…
There is an old saying in real estate circles that you should buy and never sell. While that sounds good in theory, it’s not a sound strategy in practice. Firstly, most investors will consolidate their portfolios at some point in their journeys to pay down their loans and start living more financially free lives. After…
Even though we did not have much money growing up, my Dad always made sure our freezer was stocked with different types of ice cream: vanilla, chocolate, butter pecan, coffee, and a few others. What I found interesting was that my Dad would not pick one ice cream to put in a saucer. He’d have…
