More than 64,000 people found jobs in September, beating economists’ forecasts for gains of 25,000 jobs. The jump helped to keep the jobless rate unchanged at a revised down 4.1 per cent last month, even as the participation rate – the share of working-age people either with a job or looking for one – hit…
There is a lot of misleading information out there about things economic and it seems even more so when you combine property and taxation. Negative gearing is a case in point. Australia is a one-off? For example, it has been stated that Australia is the only country that allows for negative gearing deductions. But this…
Have you thought about investing in commercial property? You’re not alone — faced with the prospect of more moderate returns from their residential property investments, many investors consider this an alternative. By this I mean offices, shops, or warehouses. Some investors are looking for diversification in their investment portfolios; others are looking for positive cash flow….
According to Corelogic research, Australia’s national median dwelling value delivered a 6.8% annual growth rate over the 30 years to 2022. Across each of the past three decades, at a macro level, it was the 1992-2002 period that provided the largest capital gains, with CoreLogic’s national Home Value Index (HVI) rising by 77%. The middle…
Sometimes children can cut right to the chase with the questions they ask. A few years ago, I remember that after a particularly nice win on the share market, I rewarded my little boy by getting him a new computer game. He ran around the house like the excited seven-year-old that he is, and swept…
I know a reasonably common Google search is “what is Michael Yardney’s net worth ?” In fact, a question I’m asked frequently is, “Michael, what’s your net worth?” And while I can understand that this may be of interest to some people, I’m sorry to disappoint you… I don’t answer this question with a definitive…
Finally, your development project is finished and ready to market. You’ve done it! You pulled together an A team, secured your construction finance, found a reliable builder, navigated the local council maze to obtain development approval and finally your project is nearing completion. While some developers undertake this sometimes frustrating and undeniably challenging process to gain…
I’ve said it before many times, and it bears repeating once more: as a property investor, you will pay for your education. You’ll either pay for it by actively seeking to educate yourself, or by investing in courses, seminars, and mentoring programs that help you grow your wealth. Or you’ll pay for it by making…
Is thankfulness a survival skill? Perhaps most of you would respond with, “No, Jim, thankfulness is not key to survival”, and I would tend to agree with you. Most of us have probably already solved the necessary problems of survival, gone beyond that and are now working to achieve our desires. But let me give…
Today, we’re tackling one of the most exhilarating—and sometimes nerve-wracking—aspects of the real estate market: auctions. Around Australia, weekend property auctions have become almost a national pastime. People love to go along to have a sticky beak, to get an idea of the market, to fantasize about their dream homes or just to watch the…