2023 was really a year of confusing economic signals, mixed real estate messages and bewildered investors. And 2024 is turning out to be much the same. In other words: the perfect environment for strategic long-term real estate investors. And just like those who took advantage of the property markets 12 months ago found their properties…
Are you tired of the rat race and eager to discover the secrets of financial success? Have you wondered what the rich do differently to become…rich? As I was working on my presentations for Wealth Retreat this year, I looked back to see what common threads the successful property investors and business people who came…
One of the most common questions I’m asked by beginning investors wanting to fast-track their success is: Knowing what you know now, if you were to start all over again, what would you do differently to speed up the growth of your property investment portfolio? I usually explain that in hindsight I would have spent…
Housing values posted a broad-based rise in February with CoreLogic’s national Home Value Index (HVI) up 0.6% in February. The 20 basis point acceleration from the 0.4% increase seen in January was the strongest monthly gain since October last year. Each of the capital cities and rest-of-state regions recorded a lift in values over the…
The nation’s property market has fully recovered from the 2022 downturn, with combined capital house and unit prices ending 2023 at a new record according to Domain’s latest House Price Report December Quarter. This is the first time they have surpassed the previous records that were set in March 2022 for houses and December 2021…
Like every other year, the commencement of this new year has ushered in a flurry of property market forecasts. Like clockwork, media outlets are abuzz with projections from economists and market commentators, all eager to share their predictions about the trajectory of property prices, rental trends, and the broader economic landscape for 2024. But before…
It looks like we’re going to have another good year in property in 2024. Last year property prices across Australia defied expectations, rebounding in the face of continued rate hikes and closing in on record highs or even hitting new peaks in some areas. The nation’s median home value made a full recovery last year…
Today I’m going to do something a little bit different – I’m going to give you some insights into what makes me tick. Maybe you’ll learn something useful from it, maybe you won’t. You see… I remember a while ago (when I was still personally seeing clients) a prospective client asked me: Michael now that…
As we start a new year it’s a good time to look back at last year and learn some lessons. Of course, each year brings its own set of wins, challenges, and lessons to learn and 2023 was certainly no exception. It was an extraordinary year, wasn’t it? Remember a couple of years ago when…
2023 has been a year of paradoxes in the Australian property market. Defying predictions and economic indicators, house prices not only resisted the expected downturn but escalated to new heights. This phenomenon left many market observers puzzled, sparking a crucial question: How did property prices manage to climb amidst a backdrop of rising interest rates…