The Latest Median Property Prices in Australian Cities
CoreLogic’s national Home Value Index (HVI) recorded a 0.3% rise in October, the 21st month of growth since the cycle commenced in February last year. The subtle positive movement was…
7 Timeless Principles to Steer You through Negotiations
If you want a sure-fire way to succeed at negotiations – whether it’s with your partner over who takes out the bins or for your next property investment purchase, then…
13 Reasons Why Your Brain Craves Coffee [Infographic]
Coffee is one of the healthiest beverages on the planet- True or false? Well…according to DrippedCoffee.com recent research carried out by many independent medical professionals from universities and health care…
What It Means for Investors and Renters
Key takeaways For the first time since records began in 1999, Victoria’s active rental bonds dropped by 21,712 over the 12 months to June 2024. This marks a reduction of…
Limited Resource Thinking
Recently I was considering the concept of limited resource thinking. It is often the case that a business may be held back by the owners having limited resource thinking. What…
Inflation results the nail in the coffin for rate cuts in 2024
Key takeaways CPI rose 0.2% in the September 2024 quarter and 2.8% annually. The quarterly rise is the lowest since the June 2020 quarter. However, trimmed mean inflation, which excluded…
You’re not alone – more property investors struggle with this than you know…
If you’re feeling uncertain about the property market right now, you’re not alone. Many property investors I speak with are in the same boat – bombarded by conflicting information and…
Why Are Younger Generations Delaying Homeownership? A Deep Dive into the Shifting Mindsets and Realities
Key takeaways In recent years, younger generations have delayed or forgone the purchase of their first home, because of affordability issues and changing values. Young Australians are finding it harder…
Love the Opportunity | Jim Rohn
Somebody said you have to love what you do, but that’s not necessarily true. What is true is that you have to love the opportunity. The opportunity to build a life,…
What to Buy and Where to Look
Key takeaways Detached homes in established suburbs are expected to perform well due to demand from families and professionals moving from southern states. Key factors include proximity to schools, parks,…
7 Types of success – pick your success
Even though we did not have much money growing up, my Dad always made sure our freezer was stocked with different types of ice cream: vanilla, chocolate, butter pecan, coffee,…
Understanding Negative Gearing and Its Role in Australia’s Housing Market
Key takeaways Negative gearing occurs when rental income does not cover property expenses, allowing the shortfall to be deducted from other taxable income. This tax relief helps investors manage cash…
The four emotions that can lead to life change
Emotions are the most powerful forces inside us. Under the power of emotions, human beings can perform the most heroic (as well as barbaric) acts. To a great degree, civilization itself can…
A Mixed Bag for Affordability
Key takeaways Victoria’s property market is undergoing significant changes aimed at stimulating buyer interest and addressing the housing supply shortfall with stamp duty concessions having been brought in to stimulate…
The Economics of Coffee in One Chart [Infographic]
What goes into your morning cup of coffee, and what makes it possible? The obvious answer might be coffee beans, but when you start to account for additional costs, the…
The Great Wealth Transfer: A Boom for Some, a Challenge for All
We are currently witnessing what could be described as the greatest wealth transfer in modern history. As the baby boomer generation begins to age, a massive amount of wealth is…
21 Things I Wish I Knew When I Was 21
What would you tell yourself if you could go back in time and meet your younger self? What advice would you give yourself to make your future easier? Here are…
Incorporating Eco-Friendly Water Features into Landscape Design
A water feature can do more than just add a touch of beauty to your property—it brings a sense of tranquility and vibrancy that instantly elevates the entire space. The…
[Podcast] What The Intelligent Investor Can Teach You About Thriving in Property Investment with Ken Raiss
Today, we’re diving into some timeless wisdom that has guided investors for decades, but with a twist—how these principles apply to property investment. Ken Raiss and I will explore Benjamin…
Insights from Morgan Housel on Demographics, Wealth, and Human Behaviour
Key takeaways In today’s fast-paced financial landscape, understanding psychology, demographics, and economics is more crucial than ever to make smarter, long-term decisions. Morgan Housel offers insights that can reshape how…
The Era of the Fake Expert
Everyone’s an expert today. In relationships, business, marketing or investing, there’s a cast of thousands that’ll tell you what to do. One of them is a guy I’ve known for…
Creating Opportunity | Jim Rohn
An enterprising person is one who comes across a pile of scrap metal and sees the making of a wonderful sculpture. An enterprising person is one who drives through an…
Will any will do?
While it’s always advisable to have a will, not every will is created equally. Amateur wills are generally not worth the paper you’ve written them on, so you should always…
What Would a Rate Cut Mean for House Prices in Australia?
Key takeaways Australia’s largest lender, the Commonwealth Bank predicts interest rate cuts as early as late 2024, with other banks suggesting cuts in early 2025. This would ease borrowing costs…
Where Should You Buy a Property as an Investment in Australia?
If you had $1 million to spend on property investment in Australia today, where would you invest it? What location would you buy in, and why? And what about if…
Yes, paying a premium for property is sometimes essential: Here’s why
Key takeaways No one really wants to pay extra for a property purchase, do they? But there are situations where paying a premium makes good financial and investment sense. While…
Caveats on Property in Australia Explained
Are you looking to buy an investment property or a new home? If so, deciding whether to lodge a caveat with the Land Titles Office of the state in your…
How Rising Interest Rates and Home Prices Are Shutting Australians Out of the Property Market
Key takeaways Australia is facing a housing affordability crisis like never before, with soaring mortgage rates exacerbated by rising property prices. Fewer households than ever before can afford to buy…
Buying a Commercial Property in Australia
Have you thought about investing in commercial property? You’re not alone — faced with the prospect of more moderate returns from their residential property investments, many investors are considering this…
What to Buy and Where to Look
Key takeaways Despite being Australia’s top-performing housing market over the last four decades, Melbourne has underperformed in recent years. While other cities have seen double-digit growth, Melbourne’s prices have stagnated,…
The top 5 issues with asset protection
Asset protection seems to be a recurring topic with clients over the past few months. So let’s have a look at the top issue of asset protection that every property…
Is Your Job Safe? Exploring the Shifts in Australia’s Workforce
Key takeaways Australia’s economy has been undergoing a profound transformation over the last century, and as a result, the types of jobs available, the skills required, and even the locations…
Can Money Make You Happy?
Sometimes children can cut right to the chase with the questions they ask. A few years ago, I remember that after a particularly nice win on the share market, I…
10 Things To Consider Before Hiring an Electrician in Adelaide
Hiring an electrician for your home in Adelaide is an important decision that should not be taken lightly. Whether you’re looking for simple repairs, installations, or larger electrical upgrades, choosing…
Be thankful for what you already have
Is thankfulness a survival skill? Perhaps most of you would respond with, “No, Jim, thankfulness is not key to survival”, and I would tend to agree with you. Most of…
Millionaire migration and its effect on Australian real estate
What we saw during the Covid period was not only a decline in population growth in Australia, but we also saw a drop in the interest from people living overseas…
12 transformative success habits
There is no one perfect formula to achieve success, which is probably a disappointment for many people! Alas, too many people think they can simply follow one person’s individualised model…
Everything you need to know about the state of Australia’s property markets in 20 charts – September 2024
Key takeaways CoreLogic estimates the combined value of residential real estate rose to $10.95 trillion at the end of August. The pace of quarterly growth has continued to ease, to…
Will Your Child be Rich or Poor? 14 Poverty Habits Parents Must Ban At Home
When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life, I like to begin my…
11 factors that affect the value of your property
Key takeaways When looking for a new property, there are many factors to consider, including location, school zones, demographics, and even the number on the mailbox. Location is everything when…
Here’s 4 reasons to have another cup of coffee
Some like it hot, some like it iced, and some just don’t like it at all. Until recently, coffee was on the list of habits to break if you really…
If Investors Are Really Leaving the Property Market in Droves, What This Means for the Future
Key takeaways Australia’s property market is facing a significant shift, with more and more investors opting to sell off their investment properties. This is causing tighter conditions in the rental…
Are you a worrier? Can worrying be productive?
I come from a long line of worriers. I’m a worrier, my grandmother was a worrier, and my mom worries like she’s getting paid for it. On the topic of…
The Secret Power Shaping Australia’s Property Market: Are You Missing Out?
Key takeaways The Australian property market is undergoing a significant transformation, with inheritances and financial support from the ‘Bank of Mum and Dad’ becoming a key player in the property…
Will Your Child be Rich or Poor? 15 Poverty Habits. October 5, 2016
When I travel the country speaking to high school and college students about exactly what they need to do to become financially successful in life I always begin my presentation…
Are You Ready for the Future?
Key takeaways Artificial intelligence (AI) is reshaping industries, redefining roles, and most crucially, transforming leadership. Leaders must adapt their leadership styles to thrive in this rapidly evolving landscape. The new…
How Do Banks Value a Property?
Property stakeholders often feel a little nervous about a bank valuer visiting. After all, valuers show up, poke around and then send a verdict to the lender about whether the…
Latest Australian Property Markets News and Forecasts
Key takeaways Despite tightening vacancy rates, rental prices are easing, offering a slight reprieve for tenants. Vacancy rates tightened in capital cities but rents eased over August, providing some notional…
[Podcast] Answers to your property questions with Ken Raiss and Brett Warren
Today is another of our popular question-and-answer shows where Ken Raiss, Brett Warren, and I answer a wide range of questions asked by the participants of a recent webinar. We…
Where Can Savvy Savers Still Buy a Home?
Key takeaways Australia’s housing market is facing unprecedented challenges, with no clear end in sight. The dream of homeownership feels increasingly out of reach for many, but there is still…
20 things successful people don’t do
Have you ever wondered what successful people do to become…well..successful? Be they business people, entrepreneurs or property investors their success is caused by all the things they have chosen to…
You Want Houses to Be More Affordable? Here’s What It Will Really Take
Key takeaways Before you think I’m an affluent property investor who doesn’t understand the plight of first-home buyers, let me give a disclaimer – I fully understand how difficult it…
The incredible powers of the human mind
Hardly anyone thinks about their legacy – the impact of the life they leave behind. We really only give it some thought when we read an obituary of someone we…
The Habits of Successful Property Investors
Key takeaways Over the 5 decades I have been involved in real estate I have seen many successful property investors fall by the wayside. I have carefully observed those who…
Brisbane Property Market Forecast for 2024
Key takeaways Brisbane continues to be one of Australia’s strongest capital city housing markets and is likely to remain so throughout the rest of2024, with dwelling values continuing to go…
Why Removing Negative Gearing Won’t Solve the Housing Crisis – and Could Make Things Worse
Key takeaways Negative gearing could be counterproductive, making housing less affordable for many Australians, particularly renters, and would not increase rents for tenants or hurt mum and dad investors a…
Is the rental boom over? Pivotal point in the market as growth rates tumble
Key takeaways House rents have reached a record high across the combined capitals ($630 weekly), marking the steepest quarterly gain in 17 years and the second-highest on record. Meanwhile, unit…
The Changing Landscape of Property Hold Periods in Australia
Key takeaways In many suburbs across Australia, average hold periods are more than double the national average, suggesting that homes are long-term investments deeply tied to lifestyle, community, and evolving…
[Podcast] What if we stop immigration – will it really help our property markets? With Simon Kuestenmacher
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…
A Better Way to Gauge Affordability
Key takeaways If you’ve ever tried to make sense of the property market, you’ve likely found yourself staring at median house prices. But median prices can be misleading, especially when…
Why Migrants Are Not to Blame for the Housing Crisis, but a Population Fix Is Needed
Key takeaways Migrants are often blamed for adding pressure to already stretched housing markets, but they actually bolster the economy and contribute to our communities. According to Simon Kuestenmacher, migration…
The Latest Proptrack Home Price Index
Key takeaways National home prices lifted 0.04% in September and are now 5.67% higher than a year ago. Prices in the combined capital cities have increased 5.88% over the past…
The Latest CoreLogic’s Home Value Index (HVI)
Key takeaways Dwelling values increased a modest 0.4% in the first month of spring, broadly in line with the monthly change in July and August at 0.3% as momentum continues…
Is Australia About to Enter a Period of Stagflation?
Key takeaways Many pessimists predicted that Australia would fall into recession, and while that hasn’t happened, Australia is navigating choppy economic waters, which has led to the term “stagflation” surfacing…
The Latest Australian Housing Market Stats
Key takeaways House prices increased by 0.3% over the September quarter, bringing the national median house price to $1,149,547. House prices have risen in 19 of the past 20 months,…
Australian economic and financial markets update
Key takeaways 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…
This weekend’s auction results – Clearance rates around Australia
Key takeaways The national weekend auction market reported a clearance rate of 61.7%, which was lower than the previous weekend. The auction clearance rates in Sydney stayed steady despite another…
The truth about Michael Yardney’s net worth
Key takeaways What’s my net worth? While I don’t answer this question with a definitive number, I’m always happy to talk to people about how I achieved my financial success…
The Enemy That Never Retreats — But Also a Hidden Ally for Property Investors
Key takeaways Inflation was so subdued for more than a decade that many investors stopped worrying about its impact on their money’s purchasing power. However, inflation roared back to life…
Why One-Bedroom Apartments in Melbourne Are a Strategic Investment Opportunity
In a city as diverse and ever-evolving as Melbourne, the property market continually presents new opportunities for those who are vigilant and adaptable. Among the latest trends catching the attention…
Australia’s million-dollar markets at all-time high
Key takeaways In August, 29.3% of Australian suburbs had a median house or unit value at or above $1 million, up from 21.7% in January 2023. At the onset of…
The government is reviewing negative gearing and capital gains tax, but this won’t be enough to fix our housing shortage
Negative gearing and capital gains tax are back on the national agenda as Australians deal with a housing crisis and politicians look for ways to tackle the issue and win…
Understanding the Role of Luck in Success
Key takeaways When we talk about success, we often focus on hard work, talent, and determination, but Warren Buffett points out that luck plays an equally important role. Warren Buffett…
Addressing Australia’s Housing Shortfall: Solutions for Sustainable Growth
We are in the midst of the worst housing crisis I have seen in my five decades of being involved in property. It was a significant shortage of houses for…
Unpacking the Historic Price Gap and Future Trends
Key takeaways Sydney has long been Australia’s most expensive city, but the premium has now reached historic extremes. Melbourne’s median house price is about 41% cheaper than Sydney’s. Sydney’s geographic…
Hold decision should be seen as a positive outcome from the RBA
Key takeaways The RBA kept the cash rate on hold at 4.35% at the September meeting, as expected, but the decision might attract some scrutiny. Australia hasn’t gone as hard…
A Traveler’s Guide to Profiting and Benefiting in 2024
In the center of the United Arab Emirates is a metropolis, a place where you can locate high-end shopping and incredible funding options. Dubai, which is recognized for being prosperous…
Do You Buy or Sell Your House First
It’s a common problem – how do you balance buying a home while selling the old one? If it’s your own home that you’re putting on the market, the stakes…
Why the Various Housing Markets Around Australia Are Performing Differently in 2024
Key takeaways The economic fundamentals that underpin each housing market are a significant driver of performance. In Sydney and Melbourne, strong economic growth has translated into increased demand for housing,…
The New Must-Haves for Aussie Families in the Spring Property Market
Key takeaways The new data shines a light on the ‘priceless’ features that Aussie families are prioritising and it’s clear that baby-sitting perks top the list There is a rising…
6 “fears” that trick us into not investing
Key takeaways Investing in property is a proven way for Australians to build their financial nest egg, but if you’re apprehensive about taking the leap and borrowing six figures to…
Global Debt Hits a New High of $315 Trillion [Infographic]
The global debt stock hit a new record in the first quarter of 2024, increasing by $1.3 trillion in just three months. This deluge in borrowing is a widespread trend…
Crypto Volatility and Real Estate as a Hedge
Feeling the impact of crypto market swings on your investment portfolio? Discover how real estate can offer stability and act as a hedge against the volatility of cryptocurrencies. With the…
Adelaide housing market update [video]
Key takeaways In August: Adelaide dwelling values rose by 1.4% Over the quarter: Dwelling values increased by 4.0% Over the past year: Dwelling values increased by 14.9% Adelaide dwelling values…
Australians pocket a record median profit of $285,000 when reselling their property
Key takeaways CoreLogic analysed approximately 91,000 dwelling resales in Q2 2024. The incidence of profit-making sales nationally increased to 94.5%. The median nominal gain was a record high $285,000 in…
Will house prices crash? And what’s needed to fix housing affordability
Key takeaways Predictions of an Australian house price crash create lots of interest but have been a dime a dozen over the last 20 yrs. However, there is more to…
What 40 Years of Change Will Mean for Us All
Key takeaways Australia’s population is expected to grow to over 40 million by 2063, with migration continuing to be the primary driver of growth. However, the source of this migration…
The Latest Rental Vacancy Rates around Australia
Key takeaways The Australian rental market for housing appears to have eased over June 2024 with a rise in the number of vacant rental properties across the nation. The number…
6 Tips For Building a Custom Shed in Australia
Nowadays, you can completely customise your shed – we’re talking about deciding on everything from the size to the colour to the roof pitch. Whether it’s for a small storage…
What Does a Project Architect Do in Property Development?
In this article, I’ll explain the role of the Architect and how to work with them on your development project. Astute investors and property developers know that in order to…
This week’s Australian Property Market Update
Key takeaways Our property markets are continuing to rise, but more slowly than earlier in the year. CoreLogic estimates the combined value of residential real estate rose to $10.95 trillion…
Is Property’s Biggest Drawback Actually Its Greatest Strength?
You probably know – like I do – a number of few people who’ve done very well out of property over the years… despite not taking much interest in it,…
How Some Aussies Are Getting Poorer Despite Economic Growth
Key takeaways The headlines were filled with predictions of an imminent recession in Australia, but the economy has not fallen into a recession as predicted, at least not in the…
‘Doing nothing is not an option’ – top economists back planning reform and public housing as fixes for Australia’s housing crisis
Top economists are unanimous in believing Australia’s housing market is in crisis. Offered a choice of 14 measures identified by the Economic Society of Australia as likely to restrain prices…
Capital City or Regional Property? Don’t fight Gorillas
Key takeaways The argument about whether it’s better to invest in regional Australia or a big capital city is a long-standing one, but on average capital cities have outperformed regional…
What This Means for Investors
Key takeaways Non-performing home loans rise for the sixth consecutive quarter to $23.37 billion. The total money in mortgage offset accounts drops by $6.14 billion. While it now stands at…
Interest Rates in 2025: Cut or Comeback?
Key takeaways According to the RBA’s forecast, inflation won’t hit the middle of its 2% to 3% target range until 2026. Many economists argue that it’s better to address inflation…
The seasonality myth busted
As far as residential property buying goes, the internet has been a game changer and is the main reason that buyer searches are no longer seasonal in the way that…
What You Need To Know
Selling a deceased estate is not something anyone looks forward to, but at some point in our lives, many of us are faced with the situation. It’s an emotionally charged…
Global population growth is now slowing rapidly. Will a falling population be better for the environment?
Right now, human population growth is doing something long thought impossible – it’s wavering. It’s now possible global population could peak much earlier than expected, topping 10 billion in the…
The Hidden Costs of Homeownership in Australia
Home ownership is the great Australian dream for many. However, whilst owning your own home can fill you with an immense amount of accomplishment and pride, it’s also important to…
the US is about to start, so expect Australia to follow
Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about what was going to…
What Does a Town Planner Do in Australia?
In this article, I’ll explain the role of a town planning consultant and what you need to be asking yourself. Town planning consultants are professionals with qualifications in town planning…
The richest streets in Melbourne
Whether they have incredible views or are in close proximity to the CBD, the beach, or both, Melbourne has some of Australia’s most desirable streets and they attract some of…
Maximizing Real Estate Opportunities with Virtual Data Rooms’ Innovation
The real estate sector in the US took a downturn in the last two years. More than 2/3rd of real estate leaders in the US said that debts for refinancing…
A 1,000 increase in Australia’s population equals another 800 more vehicles on the road
Much is written about population growth and its positive impact on most things economic. But there is also a sting in that tale. Despite the intelligentsia telling us the opposite,…
Why 13 Rate Rises Haven’t Knocked Out the Aussie Consumer Who Just Keeps Spending
Key takeaways After 13 interest rate rises, Australian consumers continue to spend like they’re in the ring with a featherweight, not a heavyweight. There are several reasons behind this resilience….
How Much Do You Need to Earn to Survive the Cost of Living Crisis?
Key takeaways Australians earning an average $90,000 a year full-time salary at the start of the cost of living crisis now need to earn $107,730 to have kept up with…
6 reasons to not invest in property!
Key takeaways Every asset class comes with its own set of advantages and disadvantages, and property investment is no exception. I often highlight the many benefits of investing in property…
When Will the Global Population Start to Shrink? [Infograhic]
Everyone alive today has only ever lived in a world with a growing population. And for the opposite to be true, the number of people being born would have to…
The end of the rental boom is in sight
Key takeaways CoreLogic’s national rental index has flatlined over the past two months, demonstrating the weakest rental market conditions since the early phases of the pandemic when rents briefly trended…
My midlife mentor – Michael Yardney on Wealth, Luck & Imposter Syndrome
I’ve had my share of disappointments and failures; a litany of missteps and bad decisions mark a dozen pivotal chapters. But I’ve had some very real successes, too, and many…
How did Melbourne’s median dwelling value become sixth lowest across the Australian capitals?
Key takeaways The housing value league tables have evolved significantly over recent years, with Sydney having the highest median dwelling value, followed by Melbourne, the ACT and Brisbane, and Perth…
A Complete Guide to Property Investment in Australia
When it comes to property investment in Australia, there’s no shortage of information available about how budding investors can ensure success. Note: While many investors start out with the intention…
How To Turn An Empty Spare Room Into A Profitable Airbnb Listing
With the cost of living on the rise, many people are seeking side hustles to boost their income. One great way of using what you already have is transforming an…
Money Isn’t Important
Money isn’t important! REALLY? I mean, really? On my Facebook page recently we had a top discussion about the meaning of money and how to shift your mindset. One chap…
Building Regulations and Planning Approval Process in Australia
In the following article, I’ll explain how you might tackle the hurdles and requirements to get your development underway. One of the biggest hurdles faced by any property developer –…
7 Habits of highly successful people
Success isn’t genetic. And it’s not something that simply ‘happens’ to lucky people. Instead, it’s a result of the everyday habits that give successful people the ability to achieve greatness….
Will house prices crash? And what’s needed to fix housing affordability
Key takeaways Predictions of an Australian house price crash create lots of interest but have been a dime a dozen over the last 20 yrs. However, there is more to…
Being Rich is Not Always About How Much You Make, But it is Always About How Much You Keep
Conor McGregor, one week after receiving $30 million in winnings from his very lucrative loss to Floyd Mayweather, bought a super yacht reportedly worth $12 million. That’s on top of…
Unveiling the Nation’s Demographic Tribes
Key takeaways Simon Kuestenmacher and I discussed how we can group people based on their behaviours, preferences, and life stages to better understand and cater to different segments of the…
8 top tips for skilful real estate negotiations
Negotiation is more of an art than a science. Skilful negotiation doesn’t come naturally to most of us – it’s something that needs to be learned, practised, and perfected over…
When were Australian homes last purchased?
Key takeaways 2021 is the most common year in which properties were last sold. An estimated 549,000 homes were last sold during this year. Although residential real estate is considered…
[Podcast] The Great Wealth Transfer – Baby Boomers Passing the Torch to the Next Generation with Simon Kuestenmacher
Today, leading demographer Simon Kuestenmacher and I will explain why the 2030s is going to be an outstanding decade for property. Now and then there is a significant strategic shift…
The two choices we face
Each of us has two distinct choices to make about what we will do with our lives. The first choice we can make is to be less than we have…
Assessing Your Property Development Feasibility
In this article, I talk us through the feasibility of a development project and whether or not to pursue it. Undertaking a property development requires many months of preparation before you actually get…
6 tips on how to teach your children about investment
We teach our kids how to behave in public, how to have manners and the importance of working hard at school. But why don’t more of us teach our kids…
Why Now May Be a Great Countercyclical Time to Invest in Melbourne Residential Real Estate
Key takeaways Timing the market in property investing is important, but if a once-in-a-decade opportunity arises, it makes sense to take it. The current market conditions in Melbourne present a…
Here’s why We Do What We Do
Why do we do the things that we do? What are the drivers behind our very existence? In 1943 American psychologist, Abraham Maslow threw a pebble in a pond by releasing…
Landlords Beware: The Shocking New Rules That Could Cost You Thousands That Investors Need to Know!
In the ever-evolving landscape of property investment, landlords are increasingly faced with a barrage of new challenges that can make owning investment properties feel more daunting than ever. Over the…
Why the next interest rate move will be down
The Reserve Bank is responsible for maintaining monetary policy that encourages economic growth and low unemployment while keeping inflation under control. The RBA uses interest rates to keep these three…
16 Great Tips from Successful Investors
Let’s talk about some positive things you can do at present rather than worrying about COVID-19. So let me ask you….would you like some success tips? If so, why not…
Coffee or Beer? What’s best to stimulate your thinking? [Infographic]
When I need to be creative and write another article or blog I know I tend to grab a coffee and sit in front of my computer. But I just…
Understanding the 3 stages of your property investment journey
Key takeaways Investing in property to make money is the main reason most Australians buy property, and the better you can nail down the process, the more successful you will…
Advantages and Disadvantages of Growing up Rich
The rich get richer. You’ve no doubt heard that soundbite many times. Is it true? The short answer is no. Note: According to the Williams Group, a wealth consultancy group,…
You’re not alone – more property investors struggle with this than you know…
If you’re feeling uncertain about the property market right now, you’re not alone. Many property investors I speak with are in the same boat – bombarded by conflicting information and…
Common Risks Related To Property Development
In this article, I talk us through the risks involved in property development so you know how to manage them. Many investors approach property development with rose-coloured glasses, but in…
[Podcast] Navigating our Economic and Property Markets
Each month I get together with leading financial commentator Pete Wargent, who brings decades of perspective to his views and we discuss the clues in the news as to what’s…
The Price of a Big Mac Across the World [Infographic]
What can a Big Mac tell us about currency rates? As it turns out, quite a lot. The Big Mac Index, created by The Economist in 1986, started as a simple…
The issue with past performance
Many experts assure us that past performance is a good indicator of what to expect in the future. I have investigated how they rely on past performance to make their…
Here’s the true cost of procrastination
Key takeaways Compound growth is the power of growth upon growth. If you take a single cent and double it every day, by day 30 you would have $5,368,709.12. Exponential…
This is the big problem which will stop the next generation getting rich
I’ve been at this Rich Habits thing for 17 years now. I’ve written extensively about the habits parents need to instil in their children for them to grow up to…
Tenants working from home. Good or bad?
Working from home (WFH) is a type of flexible working arrangement that allows an employee to work from a remote location outside of corporate offices. Before COVID-19, just 13 per…
How much coffee is too much? [video]
Ever wondered how coffee affects your brain? Apparently, Kaffa (coffee) was discovered in Western Ethiopia when a shepherd noticed his goats were more active after eating coffee beans. If like…
Here’s how investors should prepare for interest rate cuts
Key takeaways The Reserve Bank of Australia updated its forecasts and kept the cash rate on hold at 4.35% for August. The money markets are suggesting interest rates may fall…
What is Australia’s largest suburb?
Which suburb is Australia’s most populous? A recent question from one of our Local Government clients prompted this piece on our most populated suburbs and the pitfalls of looking at…
What’s in store for the spring selling season
Key takeaways An average uplift during spring of 18.2% in fresh listings and 8.3% for sales over the past decade, led by cities across the East Coast.. Data suggests Perth…
[Podcast] Demographics Decoded with Simon Kuestenmacher Unveiling the trends that will shape your future
Hi, and welcome to another episode of the Michael Yardney podcast. This is a very special episode because I’m introducing the new second podcast that I’ll deliver each week with…
How to Profit from the Next Decade
Key takeaways The aging population will have profound implications for healthcare, aged care, and related services. Countries like Australia will still face challenges in providing adequate care for an expanding…
Property development guide part 8 – Increasing your chance of success & managing risk
In this series article, I talk us through managing the risks associated with property development to increase the chances of success. I’ve found that once many property investors who’ve collected…
Are pricier properties outperforming affordable homes?
The property market is currently facing a challenging landscape with high interest rates and elevated dwelling prices, making it increasingly difficult for many to enter the market. With rising home…
Helping Your Kids Enter the Property Market, with Ken Raiss
Today, Ken Raiss, director of Metropole Wealth Advisory, joins me to discuss a topic close to the hearts of many parents. We’ll explore the various ways you can help your…
The insider’s guide to real estate lingo
Today’s online real estate listings are much more sophisticated than in years gone by. There are plenty of pretty pictures, floor plans and even walk-through videos designed to attract oodles…
The real estate investing strategy I’d recommend to newbies
There is no doubt that first-time property investors are staking their claim on markets across the nation. In fact, many are choosing to rentvest and buy their first investment before…
The cost of poor advice. Paying CGT on the sale of the home
A new client recently came to see me. He was a little hesitant at first as he had been using an accountant, lawyer, and financial planner and was apprehensive about…
Think you’re immune to crypto scams? You might be more at risk than you realise
Cryptocurrencies and other digital assets have enjoyed an astonishing rise into mainstream consciousness in recent years. Despite all the hype – perhaps partly because of it – investing in them…
How many investment properties do you need to retire?
Key takeaways While many property investors know they want their properties to replace their income, I’ve found most don’t actually think about how they’ll actually achieve financial freedom. It doesn’t…
What to Look for When Buying a Strata Unit in Australia
In decades gone by, it was common for first-time buyers and all buyers to purchase a house in the suburbs. A lot has changed over the years, with units and…
6 learning fees you don’t want to pay as a property investor
Key takeaways Property investing may be simple, but it’s not easy. Many investors end up paying a huge “learning fee” or “Stupid Tax” because they didn’t expect to pay it….
Now may be the perfect time to sell your inferior property
Key takeaways The property market has reached new peaks recently, and many investors have reaped the rewards. However, the consensus is that our property markets will slow throughout the balance…
How to overcome the biggest investment fears of many beginning property investors
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….
Never Break The Final 10 Meter Rule When Investing In Real Estate
Key takeaways Successful property investing is part science and part art. You can’t buy perspective, but you can hire the right team of experts on your side. As the property…
The RBA says don’t expect interest rate cuts for 6 months. Here’s why it could be sooner
Days ago, at the start of last week, there was talk of a Reserve Bank rate hike. Not now, not seriously, although Reserve Bank Governor Michele Bullock said it remained…
2 Experts’ Views on the RBA Interest Rate Decision
Key takeaways The Reserve Bank of Australia kept the cash rate on hold for the sixth consecutive meeting, and warned borrowers to plan for another hike. CoreLogic’s Tim Lawless said…
Property development guide part 7 – Researching the perfect site
In this continuing series of articles, I’ll take readers on a step-by-step journey through the property development process. Once you understand the importance of securing a development site in the…
‘Millionaire’ foreign buyers flock to new state
Foreign cash flowing into Australian homes has surged by an additional $400 million, according to new figures, solidifying Queensland as the new hot spot for overseas investors. Data from the…
Gold Coast High-Rise Apartment Owners Hit with ‘View Tax’
Key takeaways High-rise apartment owners in the Gold Coast council area who live on the 40th floor or above face a rate increase of up to 50 per cent. Those…
Why is the Melbourne Property Market Struggling So Much?
Key takeaways Melbourne’s housing market has underperformed over the last couple of years, despite its strong population growth due to immigration into Melbourne. The aftermath of the state’s extensive lockdowns…
The population forecast for Australia that property investors must understand
Demographics will drive our destiny and that’s why it’s important for property investors and business owners to understand the changing demographic trends, including population forecasts. I recently attended a great…
Top 20 professions for Aussie property investors
Key takeaways Property investors come in all shapes, sizes… and professions. However some professions tend to lend themselves better to this type of investment. Not surprisingly surgeons, anaesthetists and internal…
10 things you might not know about how we travel around our cities
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…
Does tenancy reform ‘spook’ investors?
Key takeaways Stronger capital growth markets have seen more resilience in investor activity, despite rental reforms. Investor lending declines when housing market returns are low. In WA, where ‘no grounds’…
Property development guide Part 6 – Finding the perfect site
In the sixth instalment of my in-depth series on property development, I’ll explain how to source and secure the perfect site for your project in order to maximise potential profits. Securing…
How to Deal with Real Estate Agent When Buying
We’re in a hot property market at present, with more buyers looking to buy good properties than there are dwellings on the market, and selling agents are being overwhelmed with…
Government growth vs. private sector crunch
Here are a couple of recent outtakes from the business press: Australia’s unemployment rate rose to 4.1% in June from 4% in May, despite the addition of 50,200 jobs, including…
Why is There Such a Significant Housing Shortage in Melbourne?
The housing shortage in Melbourne (and more broadly – across Victoria) is a multifaceted issue driven by several interrelated factors. Understanding these causes is crucial for developing effective strategies to…
Why Melbourne’s property market is lagging behind other cities?
Key takeaways Melbourne’s property market struggled to recover from the pandemic’s impacts, lagging behind other cities in terms of price growth by the time the first interest rate hike occurred…
Would the “No Grounds” Reform make matters worse for tenants?
Key takeaways Landlords will soon be banned from evicting tenants without “reasonable grounds” in New South Wales. The proposed reforms would give homeowners a reason to end a tenancy for…
To what extent does rental yield affect your borrowing capacity?
The very first article that I wrote for a magazine was published 21 years ago! No wonder I feel old. The article was called ‘Unlimited finance…’. My thesis was that investing…
Renters opt for properties with more bedrooms amid cost of living squeeze
Key takeaways There are stronger rental growth trends in larger dwellings, potentially reflecting the formation of share houses or multiple family households, with an 8.7% rise in rent for houses…
Adelaide housing market update [video]
Adelaide’s home values rose another 1.7% in June, the second fastest pace of growth after Perth, taking the market by 15.4% or almost $103,000 higher over the latest financial year….
Understanding Warren Buffett’s Theory on the Ovarian Lottery of Life – Michael Yardney
Key takeaways Warren Buffett’s theory on the lottery of life is a powerful reminder of the role of luck in shaping our destinies. I suppose it’s easy to feel “extremely…
My journey from janitor to world famous author began with a dream
I was 24 when I took my first flight on a plane. Growing up poor didn’t give me much opportunity to travel. In fact, it wasn’t until I started my…
Here’s how to invest in property like the pros
Key takeaways The average Australian doesn’t become wealthy through property investment because they expect instant, simple and easy solutions to complex opportunities. The real pros know that you can become…
Exploring the population rivalry: Melbourne vs. Sydney
There was a lot of talk last year about Melbourne’s population overtaking Sydney. This is because there are two main definitions for the metropolitan areas of all the capitals, and…
10 Things to Know Before Buying Investment Property
Key takeaways Property investment can be an exciting way to build your assets, grow wealth and increase cash flow, but many investors make some wrong decisions. If you don’t have…
What ‘psychological warfare’ tactics do scammers use, and how can you protect yourself?
Not a day goes by without a headline about a victim being scammed and losing money. We are constantly warned about new scams and staying safe from cybercriminals. Scamwatch has…
Here’s why real wages in Australia have fallen while they’ve risen in most other OECD countries
Australia is now in the same league as Lithuania, Estonia and Hungary when it comes to cutting real pay, according to a new OECD report. These are the only countries…
7 things you need to know before you buy a property in your SMSF
Over the past decade, many Australians have invested in property via their superannuation funds. One of the reasons they do this is because they want to have control over the…
Australian home prices reach new high
Key takeaways Domain report that house prices rose for the sixth consecutive quarter and a fifth for units – to hit another record. Sydney, Brisbane, Adelaide and Perth house prices…
8 reasons why women make better investors
Do women really make better property investors? There seems to be mounting evidence that this could be the case. Recently Kym Kiyosaki gave her opinion on 8 advantages that women have…
Successful Property Investors are Lucky
Key takeaways Many people believe that wealthy successful property investors “got lucky”, but the truth is that they created their own good luck by being pilots of their own lives,…
[Podcast] Navigating our Property Markets
Welcome to another Big Picture episode of the Michael Yardney podcast, where I chat with leading financial commentator Pete Wargent. Since our last chat, a lot’s happened, including rising inflation…
Which dynamics predict future property performance
Key takeaways There’s no need to complicate matters, because there are three key housing demand dynamics which control property prices in suburbs, cities and regions. These key dynamics are: 1….
10 first homebuyer lessons to teach your children
As parents, we all want to see our children succeed in life. And spreading their proverbial wings and flying the family nest to branch out on their own is a…
How New Property Investors Fall into the Dunning-Kruger Trap
Key takeaways In the world of property investment, a troubling phenomenon often rears its head: the Dunning-Kruger Effect. You see.. when it comes to money, seemingly rational people don’t always…
What is Serviceability And How Do Banks Calculate It?
Are you wondering what your serviceability is and how banks calculate it? Well…if you’ve been looking for a loan for your home or investment property, I’m sure you’d have come…
A Dynamic Market To Watch
Las Vegas, often dubbed the “Entertainment Capital of the World,” is renowned for its vibrant nightlife, bustling casinos, and extravagant shows. Many hidden gems are found in the city, which…
3 Ways you’re sabotaging your property ownership dreams
With all the talk about homes being unaffordable and with capital city property markets achieving record price growth, first-home buyers and indeed, first-time investors must save up a hefty deposit…
The Expanding Price Disparity Between Houses and Units
Over the past few years, the Australian property market has seen a pronounced disparity in price growth between houses and units. Historically, houses have always commanded higher prices and demonstrated…
