Last Thursday’s data from the ABS shows the value of new finance commitments for the purchase of dwellings fell by a record 11.6% over May 2020. This is the largest single monthly drop in the 18 year series. But at the same time, more Australians than ever refinanced their home loan in May. The ABS…
Coronavirus has halted immigration to Australia and that has experts worried about the country’s economic and social recovery from the pandemic. Australia’s migration intake this year is expected to plummet due to coronavirus-induced travel restrictions and shutdowns, creating a raft of economic and social headaches set to prolong its recovery from the pandemic. Diana Mousina…
![[Podcast] 16 Things I wish I knew when I first started investing](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/06/MY-podcast-185-16-Things-I-wish-I-knew-when-I-first-started-investing2-270x200.jpg)
I’m often asked what are the big lessons I’ve learned from investing in property for close to 50 years? Probably the most important lesson I think we can learn is that the market is driven not only by the fundamentals but also by the irrational and erratic behavior of an unstable crowd of other investors…
Are you wondering how your changed circumstances related to COVID-19 may affect your tax situation? Well, you’re in good company. The Australian Taxation Office has provided a lot of information on their website to assist you. Here’s a list of the most frequently asked questions they are getting from individuals and employees as well as…
![[Podcast] Here’s where Robert Kiyosaki is wrong about property](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/06/MY-podcast-190-Robert-Kiyosaki--270x200.jpg)
Robert Kiyosaki has taught millions and millions of people some important financial concepts. I learned a lot from him in my early years, and I’ve quoted him on many occasions. But I also believe that the way he thinks about real estate – which may work for him in the US – is not relevant…
Buyer’s agents have really come into their own in recent years, as home buyers and investors alike have begun to realise their muscle power in the real estate industry. Just as a seller’s agent will achieve the most money possible for the sale of a home, a buyer’s agent will negotiate the best buying price…
For all the things we don’t know about COVID-19 one thing is certain: our economic recovery will depend on boosting productivity. Everyone from the Reserve Bank of Australia governor Philip Lowe to Prime Minister Scott Morrison and Opposition Leader Anthony Albanese seem to agree on this. The question, of course, is how to do it….
I keep a careful eye on consumer confidence because it’s a good indication of what’s ahead, not just for our property markets but for the economy in general. And not surprisingly, ANZ-Roy Morgan Consumer Confidence dropped 4.5pts to 93.0 this week – and is now at its lowest for over a month since May 23/24,…
The picture of economic recovery painted by Prime Minister Scott Morrison is looking like a mirage. The 22 leading economists polled by The Conversation from 16 universities in seven states on average expect historically weak economic growth in all but one of the next five years, with growth dwindling over time. In June, Morrison promised…
![[Podcast] Inspiration and Motivation from 2 of the world’s top masters: Les Brown and Dr. Willie Jolley](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/06/MY-podcast-197-2-American-speakers-and-me-4-270x200.jpg)
We’re living in challenging and interesting times – a coronavirus pandemic, a recession, social unrest, financial instability – so today, I’m going to offer you something very different as I speak to two of the world’s best motivational and inspirational speakers, Les Brown, and Dr. Willie Jolley, both from the United States. We’re not even…
