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Michael has been once again voted Australia’s leading property investment advisor and one of Australia’s 50 most influential Thought Leaders by the ‘Our Aussie Thought Leaders’ report.
He has probably educated more successful Australian property investors than anyone else, but he’s not a theorist…He has been successfully investing in property since 1971, is a leading property commentator and Australia’s most widely read property investment blogger.
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Apparently, he talked about how feel-good, politically correct teachings created a generation of kids with no concept of reality and how this concept set them up for failure in the real world. Anyway…here are his 10 life lessons: Rule 1: Life is not fair – get used to it! Rule 2: The world won’t care…
They say hindsight is 20:20 – and that is certainly true when it comes to property investing. Most of us start out without much knowledge behind us and only realise we are making mistakes when it’s too late to do much about them. Here’s a list of seven things I wish I’d known when I…
It’s an unfortunate fact of life that many people are terrible with money. Sometimes it’s not really our “fault” because we’ve just learned bad money lessons from our parents, which we’ve unhelpfully carried through into adulthood. Other times, it’s because we simply spend more than we earn and have never been within 100 metres of…
We are living in ‘interesting’ times, aren’t we? With inflation being the highest it’s been for years, interest rates rose again this month and people are wondering how high they will go, plenty of stocks are down, and the war in Ukraine continues, supply chains are broken, the pandemic is lingering, China is in lockdown,…
![[Podcast] A new tax for Property Investors + Common mistakes to avoid with Ken Raiss](https://cdn.propertyupdate.com.au/wp-content/uploads/2022/09/Podcast-cover-part-7-1-270x200.jpg)
While property investing may be simple, it’s not easy, and that’s not a play on words because many investors end up paying a huge “learning fee” or “Stupid Tax,” as I like to call it. That’s because successful property investment comes down to much more than just knowing what you need, knowing what you can…
![[Podcast] Will inflation and rising interest rates put an end to our booming economy? With Dr. Andrew Wilson](https://cdn.propertyupdate.com.au/wp-content/uploads/2022/09/MY-podcast-401-270x200.jpg)
According to the latest statistics from the ABS, our economy is roaring along. The most recent data, which unfortunately is backward looking to the June quarter, showed that as Aussies were released from their lockdown shackles, we spend more on ourselves, growing the economy strongly. But since then, the Reserve Bank has raised interest rates…
Reserve Bank governor Philip Lowe says he wouldn’t be surprised if house prices came down by 10 per cent as higher interest rates bite. Now that’s nowhere near as dire a prediction as made by those perpetual property pessimists and much more realistic in my opinion. In fact, we’re probably halfway there. Dr Lowe says…
Have you ever looked at the AFR Rich List or reports on the richest people in the world and wondered what they were doing that you’re not? Well…they’re probably doing things very differently from you according to my good friend and best-selling author Tom Corley who conducted a five-year study of 233 wealthy people and 128…
Sir Richard Charles Nicholas Branson is an English business magnate, investor and philanthropist. He founded the Virgin Group, which controls more than 400 companies. Branson has developed a reputation for being a risk-taker and someone who values fun over everything else. Here’s some of his rules for success to inspire you… 1. Write down every…
![[Podcast] Is property investing an art or science? With Brett Warren](https://cdn.propertyupdate.com.au/wp-content/uploads/2022/08/MY-podcast-380-is-property-investment-an-art-or-science-01-270x200.jpg)
Our property markets are changing, and we’ve now moved into the adjustment phase of the cycle where there will be less capital growth and where, in many locations, property values are falling. So, what should a property investor do? Well, in today’s show with Brett Warren, national director of Metropole Property Strategists, we talk about…
