Sluggish global markets, high inflation, high cost of living and a heated property market mean our finances are constantly shifting. And even billionaires aren’t immune. Forbes released its annual rich list for 2024 earlier this year, where it showed that there are more billionaires than ever – at 2,781 people across the globe in total,…
Housing affordability, or the lack thereof, and the historically low vacancy rates, have often been blamed on a large number of overseas migrants coming to Australia, so what would happen if we stopped migration? That’s what I’m going to be discussing today with leading demographer Simon Kuestenmacher… However, this is a special episode of a…
The national rental index increased by just 0.1% over the September quarter, the smallest change over a rolling three-month period in four years. Sydney (-0.5%), Brisbane (-0.2%) and Canberra (-0.8%) all recorded a reduction in rents over the quarter and rental growth is clearly losing steam in most other capitals. Melbourne and Perth both recorded…
In his continuing series of articles, I’ll explain the role of a project manager and helps you decide whether or not it is the right choice for your development project. If you are a beginning property developer I would definitely suggest that you recruit a good development/project manager as a part of your team. Even…
Here’s the good news: investing in property isn’t all that hard. But it does require you to follow a number of processes in order to be successful. We’re still at the early stages of this property cycle with a number of years of strong property growth ahead, meaning new property investors still can get into…
We all have a limit to our budgets, and I know many investors have to make the decision: should you invest in an investment-grade apartment in a prime location or a house in a secondary location? Each option has its benefits and challenges and choosing the right one can significantly impact your investment returns. Today…
Is the government seriously interested in changing arrangements on negative gearing? After days of questions to Prime Minister Anthony Albanese and Treasurer Jim Chalmers, who would know? They’ve engaged in obfuscation at every turn. On Friday, Chalmers was asked, at a news conference in Beijing, whether he had told the treasury to model reforms of…
Of course, mobile applications are changing the ways of movement, and now, having opened the Internet, we already see a lot of different simple and integrated solutions for both housing and transport. Now it’s not even so important what exactly you want to do for your trip since mobile applications allow you to rent a…
If a picture paints a thousand words, then this collection of charts should do a pretty good job of painting the landscape as it affects our economy and our property markets. Each month the RBA summarises macroeconomic and financial market trends in Australia by providing a detailed chart pack. World Economy Australia’s economy doesn’t operate…
I know a reasonably common Google search is “what is Michael Yardney’s net worth ?” In fact, a question I’m asked frequently is, “Michael, what’s your net worth?” And while I can understand that this may be of interest to some people, I’m sorry to disappoint you… I don’t answer this question with a definitive…