I’d like to share with you some of my thoughts on risk, and how it relates to your investment success because I believe that what most of us have been taught about risk is wrong. In fact, it’s probably holding you back from obtaining real wealth. If you are like most investors, somewhere along the…
Let’s dive into some intriguing numbers about where Australians are living now and where we’re headed in the next decade. First up, check out Table 1. Some 7.8 million children – a whopping 30% of the population in 2021 – were living at home with their parents. Just under four-fifths (77%) lived with their coupled…
Have you wondered how many investment properties you would need to get the ultimate goal of financial freedom? I’ve found that while most property investors hope to one day replace their personal income with cash from their investment properties, most don’t have a strategy to achieve their goals. So, just how many properties does it…
Times are changing and we’re at the beginning of a new property cycle. Many of the housing markets around Australia have experienced consistent property growth over the last 7 months. But despite that, not all the property news all good and the many mixed messages in the media are causing some would-be investors to doubt…
Property investors come in all shapes, sizes… and professions. But the strategic property investment game is more popular in some lines of work than others. Unsurprisingly the data shows that property investment is most popular among Australia’s highest-paid workers. But there are other surprising professions which make the list. Medical professionals such as surgeons, anaesthetists…
About five years ago The Grattan Institute released a great report on Australia’s urban landscape. To read the 87-page report go here. But for those of you who are short on time, I have pulled together ten things you need to know about this work. Many of these are quite surprising. 10 things 1. Most…
Tenancy reform is making headlines this week after the NSW government announced a ban on ‘no grounds’ evictions. One fear associated with tipping the balance more in favour of tenants is that landlords could exit the market, and new investors may be dissuaded from purchasing property, thus reducing rental supply and pushing up rents. But…
Warren Buffett, one of the most successful investors of all time, is not just known for his financial acumen but also for his profound insights into life and society. In my mind, one of his most compelling concepts is the “lottery of life,” often referred to as the “ovarian lottery.” This idea delves into the…
I was having my hair cut the other day when Joseph my barber said, “Michael – I’m going to get into property investing and I’m going to make a fortune because I’ve learned how to invest like the pros!” Each time I visit Joseph the conversation seems to revolve around property, but when I heard…
The lion’s share of your property’s value is in the land, therefore you should always buy houses rather than apartments. Have you heard that one before? It’s an oldie but a goodie and harks back to those days when everyone believed a house on a quarter-acre block would always be the most sought-after property. Generally…
