In an unexpected turn in the Australian property market, Adelaide and Perth are now nearly as pricey as Melbourne for the first time in up to 15 years, according to recent data. According to the latest CoreLogic Home Value Index, Adelaide’s median dwelling price jumped to $734,173 in March, a 1.4% increase, while Perth’s median…
With many commentators forecasting what’s ahead for property in 2024, many are focusing on the times we’ve experienced over the last few years and trying and extract the lessons we’ve learned. Rather than do that, today I’d like to remind you of some of the foundational principles I use to grow my wealth. Let’s look…
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…
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…
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…
