The biggest obstacle to wealth
Key takeaways The biggest barrier to wealth for many Australians is not the lack of information but their financial thermostat, which is often set too low from childhood, dictating their…
Stop picking on property investors
Key takeaways A disturbing narrative has taken hold in recent years—a kind of “Tall Poppy Syndrome” that paints property investors as the villains of the Australian dream. One in three…
Has Australia Kissed Rate Cuts Goodbye? Dr. Andrew Wilson Weighs In
Sometimes good news is bad news. The good news about our unemployment figures and the number of new jobs created is, in some ways, bad news for those hoping for…
who is a ambergris caye real estate developer
ambergris caye real estate developer As the number of visitors to Ambergris Caye continues to increase, so does the demand for luxury beachfront homes and condos. This has led to…
Rising land tax to cause havoc
Key takeaways State governments have been sending out land tax notices to property investors recently. The increased levies are prompting them to reassess their investments. The surge in land taxes…
The Best Path to Long-Term Change Is Slow, Simple and Boring
Many of life’s choices fall into two categories: ■ Option A: Exciting and complex and quick, but the action rarely works. ■ Option B: Boring and simple and slow, but…
Let’s not kid ourselves that private investors or super funds will build the social housing we need
Treasurer Jim Chalmers is leading a push to get private investors to help build more social and affordable housing. But we shouldn’t kid ourselves about where the money will come…
This is ridiculous, but my love of ice cream taught me about changing habits to become more disciplined
I love ice cream. It is one of my greatest weaknesses. I like lots of flavours but my all-time favourite is mint choc chip. If there is mint chocolate chip…
The 6 Benefits of Steel Buildings
In the construction world, steel has emerged as a formidable contender, offering many advantages over traditional building materials. From commercial warehouses to residential homes, steel’s versatility and durability make it…
The Devil Made Me Do It. Why We Do Bad Things
Believe it or not, there is a Devil and an Angel residing in each one of us. The Devil says “Do it now” and the Angel says, “Don’t do it…
What if we stopped immigration? Would that help our housing crisis?
Key takeaways The Government has designed a Migration Program to address persistent and emerging skills shortages and boost productivity as Australia transitions to net-zero emissions. While universities and colleges have…
Celebrate ‘Good Enough’: The Key to a Fulfilling Journey
To all the high achievers out there, here’s a question: When did you last pause to acknowledge that ‘good enough’ can be a victory too? If you’re anything like the…
Buying an Investment Property in Australia (Step-by-Step)
Are you an expat considering buying an investment property in Australia? Well… you’re not alone. Since the pandemic lockdowns eased (remember those?) and our international and domestic borders reopened there…
What’s the white stuff on my Easter chocolate, and can I still eat it?
The words “chocolate” and “disappointment” don’t often go together. But you may have experienced some disappointment if you’ve ever unwrapped the bright foil of an Easter egg to discover white,…
Capital city’s population growth the highest on record – new data reveals
Australia’s population keeps on booming. In fact, the population of Australia’s capital cities grew over 500,000 in the year ending June 2023, the largest annual growth recorded by the Australian…
Inner city areas of Australia are booming – regional population growth 2022-23 update
The 2022-23 population update figures (Estimated Resident Population) have just been released by the ABS. This happens around the end of March every year but is particularly eagerly awaited this…
7 questions to evaluate how 2024 will pan out for you
Key takeaways We’re living in interesting times, aren’t we? A time of social and political unrest but also a year into a new property cycle – a time when lifetime…
[Podcast] Wealth Building Strategies from Australia’s Premier Wealth Retreat with Brett Warren and Pete Wargent
Why do some people seem to effortlessly grow their wealth while others work hard but continue to struggle? I’ve got something a bit different for you in today’s episode. Together…
Sales and profits lift as Australian property market regains momentum
Key takeaways CoreLogic analysed approximately 90,000 dwelling resales in Q4 2023 and the incidence of profit-making sales nationally increased to 94.0%. The number of loss-making resales fell 5.1%, to around…
What Burdens Is That Other Person Carrying?
I was in the airport when I found out that the mother of one of my best friends had just died quite suddenly. She was at dinner with a friend,…
Housing affordability hits crisis level – new report reveals
It’s official – housing affordability in Australia is at a crisis point. A startling report by the Real Estate Institute of Australia reveals that families are now allocating nearly half…
[Podcast] Is Australia growing too fast? Population Booms and Their Price, with Ross Elliott
Is Australia growing too fast? That’s the question we’re going to ask today. Joining me today is Ross Elliott, a seasoned urban development commentator whose recent article has stirred the…
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…
Which suburbs has prices jumping to more than $240k in the last three months?
Key takeaways Certain suburbs in Sydney and Melbourne have experienced significant increases in property prices, with some exceeding $240,000 over just three months, indicating a strong housing market recovery trend…
If you knew you would die in 10 years, what would you do today
Key takeaways Considering a 10-year timeframe prompts deeper reflection compared to shorter-term scenarios. It allows for significant but manageable adjustments. Spending time with loved ones becomes paramount, emphasizing meaningful connections…
15 Thoughts About Life, Wisdom and Success by Famous People
The mind is the most important driving force in determining a person’s chances of being successful. Here is a collection of quotes from famous people to help you stay positive….
The Power of Thinking Long-Term in Property Investment
What’s your financial time horizon? If you think about it, the average Australian has a very short financial time frame. Often they live week to week and wonder how they’re…
How Many Property Investors Are There In Australia?
At a time when affordability issues make headlines every day, Australians are feeling the pinch, and properties are both low in supply and high in price; many fingers are pointed…
Values rose across almost 90% of house and unit markets over the year
Key takeaways Over the past year, CoreLogic’s Home Value Index has risen by 8.9%, contributing approximately $63,000 to the national median dwelling value, reaching an all-time high in February. A…
Renovating to Rent? Don’t Skimp on the Skip Bin
Renovating a property before renting it out is a smart move that many landlords prefer. This investment can be fruitful because property with fresh paint and new flooring attracts quality…
Table Styles
class=”prices-cycles” Sample table’s design: Onset of Feb 2024 Δ COVID to 2024 Δ from peak to Feb 2024 Peak date Sydney 24.80% $224,391 -1.90% 22-Jan Melbourne 11.00% $77,386 -4.10% 22-Mar…
[Podcast] Our No-Nonsense Big Picture Podcast About the Economy and Property Markets, with Pete Wargent
I feel sorry for property investors trying to make headway in real estate. They face the hurdle of significant media misinformation, which is underwhelmingly and unnecessarily discouraging, and social media…
Melbourne’s apartment market: primed for exceptional performance
Key takeaways Over the last decade or so, the capital growth of most Melbourne apartments has been underwhelming, to put it mildly. Detailed analysis of the established unit market (i.e….
Rates on hold, next move likely to be down
The decision to keep the cash rate on hold at 4.35% came as no surprise, with most economists agreeing the next move on rates will be down. Although the timing…
Unstoppable real estate: Aussies’ bold moves in the face of challenges
Despite pandemics, rising interest rates, and challenging supply issues, the Australian property market remains a remarkably resilient, unyielding force, with two out of every five Australians determined to buy a home…
Navigating the Minefield of Financial Scams with Stuart Wemyss
In an age where financial transactions have largely moved online, the prevalence of financial scams has surged, catching many Australians off guard. The Australian Competition and Consumer Commission reports that…
The Aussie suburbs where property is selling the fastest
Properties in some Aussie suburbs are being snapped up at record rates as issues of scarce supply and high demand continue to strain the market. Recent Ray White data reveals…
How does the location of your house drive your investment strategy?
The location of your “great Australian dream” can dramatically alter your wealth-building activities and as such, you must take this into account when developing your investment strategy. Homes are typically…
Navigating the uncertainty of mortgage rates: insights from Tarric Brooker
What’s ahead for our mortgage rates? We all want them to come down, but when will that happen? In a recent article on news.com.au commentator Tarric Brooker concludes that the…
Think you’re good at multi-tasking? Here’s how your brain compensates – and how this changes with age
We’re all time-poor, so multi-tasking is seen as a necessity of modern living. We answer work emails while watching TV, make shopping lists in meetings and listen to podcasts when…
Sydney versus Melbourne: an investor’s perspective
Sydney’s housing market has shown robust growth since the early 1980s, with the median house price doubling approximately every decade during this period. In fact, several suburbs have delivered above-average…
More than one in four properties in Australia purchased with cash in 2023 – latest research reveals
Key takeaways Over a quarter (28.5%) of residential properties in Australia’s major eastern states (Victoria, New South Wales, and Queensland) were purchased entirely with cash in 2023, amounting to $129.6…
How to shift your mindset and create lasting wealth
Key takeaways 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? Now just…
Seven ways COVID changed housing trends – Part 3
Key takeaways Once lockdowns and social distancing measures eased, labour markets tightened significantly. Although labour markets are now loosening, RBA forecasts have the unemployment rate holding below 4.5% through to…
Why do some locations outperform blue-chip suburbs?
Key takeaways How crucial is it to exclusively invest in blue-chip suburbs? That’s what I discuss in this article. The reality is that some geographical locations will outperform blue-chip suburbs…
[Podcast] Rich habits for real estate success: Tom Corley’s approach
In today’s episode of the Michael Yardney podcast, I explore the power of positivity in wealth creation together with Tom Corley, the co-author of my international best-selling book, Rich Habits,…
Seven ways COVID changed housing trends – Part 2
Key takeaways Rental markets have tightened substantially with vacancy rates holding around 1% and rental growth surging. Nationally, rents have jumped 32.4% since March 2020, adding approximately $150/week to the…
The Top 5 Richest Cities in Australia & New Zealand
Do you want to know where Australia and New Zealand’s richest people live? New data, from Henley Global, a firm specialising in residence and citizenship planning, reveals the top 97…
Seven ways COVID changed housing trends – Part 1
Key takeaways Housing values have surged since the onset of COVID. CoreLogic’s national Home Value Index (HVI) surged 32.5% between March 2020 and February 2024, adding approximately $188,000 to the…
Simon Kuestenmacher’s Analysis of Decadal Shifts in Property
I’ve often said that demographic changes will be more important in shaping our property markets in the medium to long term than the ups and downs of interest rates or…
Australia’s Top Investment Property Suburbs
Key takeaways Recent PropTrack data reveals the Australian suburbs with the strongest growth in house prices over the past 12 months. In many regions, top growth suburbs rose in value…
Property a priority for Gen Z women but affordability and investment major hurdles
Key takeaways Overall, females (68.2%) had slightly higher dwelling ownership rates than males (67.4%) More than half (51.6%) of Gen Z males own a dwelling, compared to just over one…
Should you sell an underperforming apartment? Part 1
Key takeaways Over the past 13 years, Melbourne apartments have underperformed compared to houses, and the median apartment price has only increased by 2.6% per annum. This is a very…
Perth housing market update [video]
Housing values posted a broad-based rise in February, with CoreLogic’s National Home Value Index up 0.6%. The rapid rate of capital gains across the Perth housing market is showing no…
House Prices in Australia Over the Last 10 Years
When it comes to buying an investment property, you want to make sure you’re putting your money into an investment-grade property in a growth suburb. Tips: Due diligence is key here, so…
Two centuries of rapid global population growth will come to an end
Key takeaways Global population has increased rapidly over the past century. This period of rapid growth is temporary: the world is entering a new equilibrium and rapid population growth is…
High income earners stuck in a rent trap are exacerbating our rental crisis
Key takeaways Higher income earners are being increasingly caught in a rent trap as property prices soar nationwide, and it’s only worsening our rental crisis. The problem is twofold: higher…
the tightest suburbs for home buyers are not where you think
Key takeaways The inner west, eastern suburbs, and northern beaches of Sydney are identified as the most challenging markets for homebuyers in Australia, with only 0.3% of homes available for…
One of the best pieces of advice I’ve heard from Warren Buffett
Key takeaways Warren Buffett reigns supreme as the greatest investor in history, with a personal fortune of around US$132 billion. Many years ago I learned that if you want to…
Vacancy Rate Records Another New Low As Tenant Competition Eases
Key takeaways Australia’s vacancy rate has reached a new record low of 0.7%. However, there’s a slight alleviation in tenant competition as the average views per rental listing declined in…
What is going on in the new housing space?
Key takeaways Owner residents outnumber investors in new housing loans, indicating a preference for home ownership among individuals seeking new properties. Around 70% of investors opt for existing homes rather…
Booms, busts and investor psychology – why investors need to be aware of the psychology of investing
Key takeaways Investment markets are driven by more than just fundamentals. Investor psychology plays a huge role and helps explain why asset prices go through periodic booms and busts. The…
The worst & the best property advice I’ve been given
Recently one of my nephews, who has taken a keen interest in property investment, asked: What’s the worst advice you’ve ever been given on real estate investing and what’s the…
Capitalizing on Australia’s Next Decade of Growth
As we step into the next decade, Australia finds itself at a pivotal juncture in its demographic trajectory. Data from ABS show that Australia’s population (now 27 million) is projected…
Navigating Australia’s two-faced property market: insights from John McGrath
In the dynamic world of Australian real estate, we’re witnessing a tale of two markets, according to industry veteran John McGrath. According to McGrath, the contrast is stark: thriving luxury…
debunking myths and examining the economic landscape in Australia
There is a lot of misleading information out there about things economic and it seems even more so when you combine property and taxation. Negative gearing is a case in…
Yes, paying a premium for property is sometimes essential: Here’s why
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 you should…
The Latest Median Property Prices in Australian Cities
Key takeaways Australia’s housing upswing continued through February with the national Home Value Index rising 0.6%, the strongest monthly gain since October last year. While each of the capital cities…
understanding and overcoming the fears that hold us back
Fear is a powerful emotion that shapes our lives in profound ways, often subconsciously. It can serve as a protective mechanism, alerting us to danger, but too often, it becomes…
Are these Wealth Retreat people really crazy?
Have you ever wondered why the world any normal, sane person would set aside 5 days and pay so much money to join us at Wealth Retreat 2024? And why…
Should I buy property now or wait for interest rates to fall?
Key takeaways While there’s a temptation to wait for the perfect moment to buy property, attempting to time the market perfectly is difficult and often not the best strategy. Instead…
Why smaller units are gaining popularity over larger houses
Recent trends reveal a fascinating shift in the housing market: the pandemic-driven appetite for larger homes is making way for a growing preference for smaller, more compact living spaces. This…
When Will Australia’s Rental Crisis End?
Key takeaways Rental price growth has hit record highs, and there is now growing concern that the supply of rental homes could get even worse as higher mortgage costs hit…
Evaluating Plumbing Systems in New Builds: The Investor’s Checklist
Key takeaways Crucial Role of Plumbing in Real Estate Investments: The plumbing system’s condition significantly impacts the valuation and appeal of a property. A well-maintained system enhances property value, while…
Stamp duty costs up to 6x higher than a generation ago: Victorians hit hardest
Property buyers in Victoria are paying 6.1 times more for stamp duty than just one generation ago. In Victoria, wages have increased a bit over five times and the median…
New home demand soars amidst approval downturn
We know that we’re just not building enough homes despite soaring demand for more accommodation. According to PropTrack’s New Homes Report, December saw a 9.5% drop in total building approvals,…
Predicted House Prices for Australia in 2030
Key takeaways According to Corelogic research, Australia’s national median dwelling value delivered a 6.8% annual growth rate over the 30 years to March 2022, with the 1992-2002 period providing the…
Why Labor’s Housing Strategy is a Road to Nowhere for Australians
Australians have a national sport that isn’t played on the field: it’s property talk. Whether it’s dissecting the latest market movements or bemoaning the uphill battle to break into the…
What does Queensland’s 2011 experience tell us about the costs of stamp duty?
Key takeaways Stamp duty imposes a cost of moving equivalent to around 5 months of a person’s take-home. Recent survey results also show that it’s deterring people from downsizing, and…
5 ways I’m going to ensure my property investments outperform this property cycle
Key takeaways 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…
navigating Australia’s economic landscape and property market outlook
Given the resilience in local and global economic growth over recent months – along with continued steady declines in inflation – it appears increasingly likely that a soft economic landing…
This weekend’s auction results – Clearance rates around Australia
Key takeaways An unprecedented late summer rush of auctions has failed to significantly slow down buyer activity with most capitals reporting more positive results for sellers. Adelaide had the strongest…
The Top 6 Insights on Creating Wealth Through Property
Today I wanted to share my top wealth-creating insights. One I learned from our premier property training event – our 5-day Wealth Retreat. You see… As I start preparing the…
Maximising Property Value: The Impact of Renovation
Renovations are a great way to make your home more functional, comfortable and liveable. They can also add significant value to your property, which is great if you are looking…
It’s all about gearing, not property
Key takeaways Often, people have trouble deciding whether they should invest in property or shares. Instead, I propose that they first consider whether they should borrow to invest or not….
The suburbs where luxury property has outperformed the strongest in the last 10 years
Key takeaways Luxury houses have seen strong price growth over the past decade compared to the median property on the market. In Sydney, luxury houses in Leichhardt, inner city and…
New data shows Aussies can now get into the property market earlier – but there’s a catch
Key takeaways The time required for a couple aged 25-34 to save a 20% deposit for an entry-level property has decreased compared to last year. However, significant hurdles remain due…
A year of confusion, concern and consternation. The perfect environment for strategic property investors
Key takeaways The economic landscape in 2023 and 2024 has been marked by confusion and mixed messages, creating an ideal environment for strategic long-term real estate investors. Recognizing that different…
198 Sydney suburbs where you can still buy a property for under $1 million
Sydney’s property market turned a corner in 2023, with prices rising consistently over the past 12 months and close to recovering to their pandemic peak. Sydney’s median house price is…
Maximizing Property Value with Solar Water Heaters
Pondering how to bolster your home’s worth, while also pitching in for Mother Nature? You might want to consider solar water heaters. Partnering with a trusted service like Metropolitan Plumbing is…
Is Australia set to miss its ambitious housing targets?
Key takeaways Australia is facing a severe housing crisis, with the need for more homes becoming increasingly urgent. The federal government aims to build 1.2 million new homes by 2029,…
Gap widens between house and unit values- suburbs with the largest and smallest house premium revealed
Key takeaways Over the past four years, there has been a significant increase in house values compared to unit values, driven by factors like underlying land value, scarcity, and increased…
New report reveals mortgage trends shows Aussies tightened their belts in 2023
In 2023, the Australian property market witnessed a distinctive shift, as homeowners and investors navigated the changing financial landscape. According to PEXA’s latest Mortgage Insights Report, the total amount borrowed…
6 priceless investing lessons from influential billionaires
Key takeaways There are 2,640 billionaires globally, with a total net worth of $12.2 trillion, according to the 37th annual Forbes list published in 2023. And Australia is home to…
Falling inflation – what does it mean for investors?
Key takeaways Inflation is in retreat thanks to improved supply and cooling demand. A further fall is likely this year. Australian inflation remains relatively high – but this mainly reflects…
7 Critical Wealth Lessons You Must Understand
Key takeaways Many property investors have struggled to navigate the markets over the long term and achieve their financial goals. The majority of investors follow a flawed investment model. Investing…
Regional Australia is losing its investment shine
The sun-drenched appeal of regional Australia, once a beacon for tree-changers, those escaping COVID-19, and property investors, is starting to dim. While an initial surge in property prices and remote-working…
A Journey Through the Investor’s Mind
Key takeaways Have you ever wondered what leads to the ups and downs of our property cycle? Well…the markets are not just driven by numbers and data, but largely by…
Here’s the type of property that will outperform in the long term
I’ll get straight to the point… I believe the inner and middle-ring suburbs of our big capital cities will be the best medium to long-term investment locations. Here’s my logic……
The Latest Rental Vacancy Rates around Australia
The national vacancy rate decreased to 1.1% in January from 1.3% recorded in December. The total number of rental vacancies Australia-wide now stands at 32,108 residential properties, which is a…
How to overcome analysis paralysis when buying a property
It’s common for many buyers and property investors to experience analysis paralysis when it comes to buying a property. After all, it’s a complex decision and one that has a…
how the housing market defied economic indicators
Key takeaways Traditionally, economic indicators such as interest rates and consumer sentiment have influenced the housing market. However, during the pandemic and beyond, these relationships have shifted, challenging conventional wisdom….
Navigating Australia’s largest intergenerational wealth transfer
Key takeaways Australia, like the rest of the world, is about to experience a significant transfer of wealth, estimated at around US$68 trillion globally and A$3.5 trillion in Australia alone…
This is what it takes to be in the top 1% of wealthy people
We know that true wealth is much more than how much money you’ve got in the bank or how many properties you own. But you don’t have to look too…
Melbourne housing market update [video]
Australia’s housing upswing continued through the first month of 2024 with CoreLogic’s National Home Value Index rising by 0.4% in January. Melbourne dwelling values have been drifting lower since November,…
How the retailing contest between CBDs, shopping centres and online will reshape our cities
Retail activity has been a defining facet of cities since antiquity. The Greek Agora and Roman Forum may be viewed as the original CBDs – central business districts, or what…
CoreLogic National housing market update [video]
Australia’s housing upswing continued through the first month of 2024 with CoreLogic’s National Home Value Index rising by 0.4% in January. That was up from the 0.3% increases seen in…
4 Important Lessons to Remember for 2024
Key takeaways What investment lessons did you learn in 2023 and how will you use these learnings in 2024? As investors, we gain invaluable insights by experiencing various markets and…
How Many Billionaires Are There in Australia?
Key takeaways Australians make up 47 of the world’s richest people, according to Forbes’ latest list of 2558 billionaires. Billionaires in the mining, software and manufacturing industries continue to feature…
What does the rental yield tell you about a property?
A property’s rental yield is the amount of gross rental income that it attracts relative to its market value. In Australia, gross residential property rental yields typically fall between 2%…
Your Wealth Window – How Many Months Do You Have Left?
There are only two types of people – those who outlive their money and those who don’t. Of course, everyone wants to be in the latter group, but most Australians…
10 property forecasts for the next decade and 10 things that will stay the same
We’re already well into a new year, which means it’s time that little creatures come out of hibernation – they’re called forecasters and their predictions of what lies ahead of…
Your Salary is NOT the Most Important Requirement for Wealth
Key takeaways While you may think that your salary is an important indicator of how larger property portfolio you will achieve, that’s really not the case. In my eyes, a…
If housing is so undersupplied, why are some markets falling in value?
Key takeaways The Australian housing market is often viewed as undersupplied, yet there are instances of declining home values, particularly in areas like Melbourne. There’s a distinction between the market…
In property investing, the planning trumps the plan
Benjamin Graham wisely said: The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan…
where opportunities are as rare as hen’s teeth
Key takeaways In highly desirable Australian suburbs, finding rental properties has become increasingly difficult due to limited supply and fierce competition among tenants, leading to soaring rental prices. The COVID-19…
Your Complete Guide to Easements on Property
Key takeaways Some properties have easements on them, meaning that another party besides the owner has the right to use or access part of it. Easements are common and are…
10 most expensive suburbs in Sydney
It’s well known that Sydney is one of the best cities in the world to live in, but also one of the most expensive cities in the world. After booming…
Cash rate on hold and inflation forecast revised lower
The decision to keep the cash rate on hold at 4.35% was almost universally expected, given the low inflation figures released for the December quarter, which came in roughly 45…
how 31 top economists see 2024
A panel of 31 leading economists assembled by The Conversation sees no cut in interest rates before the middle of this year, and only a slight cut by December, enough…
Melbourne’s property prices will soar to new highs
Key takeaways A new report is forecasting Melbourne’s median house price will surge more than $110,000 to an almost $1.16m record high in the next 18 months – the equivalent…
analysing the impact of inflation, tax cuts and market dynamics
Key takeaways Uncertainty regarding inflation and interest rates will be a dominant theme in 2024, influencing property market dynamics. The direction of inflation and potential interest rate adjustments remain pivotal…
How Much Does It Cost to Build a House in Australia?
The cost of building a new house in Australia has surged over the past few years as supply and trade shortages continue to weigh on the market. And at the…
9 rules for success in today’s property market
Key takeaways 2024 will be seen as the year of when property values and rents continue to rise – but our markets will be fragmented. As a property investor your…
New ABS lending data shows the value of new lending fell for the first time in five months
The latest ABS Lending Indicators data reveals a surprising shift in December, marking an end to the recent growth spurt in new housing loans. A noteworthy decline of 4.1%, down…
How to Choose a Home Loan
Securing a home loan is a significant milestone on the path to homeownership. With a multitude of options available, it’s crucial for Australians to make informed decisions when choosing a…
Why You Should Set Up a Family Trust in Australia
There’s a common saying that you should ‘begin with the end in mind’ – this is especially true for property investment. The problem is that too many investors begin their…
the real story about mortgage stress
Key takeaways What’s really happening with mortgage stress. Remember all those predictions of a mortgage cliff and lots of distressed selling? Despite rising interest rates over the last couple of…
The Inflation Shortfall – Opportunities and Strategies for Homeowners
Recent data from the Australian Bureau of Statistics (ABS) reveals a 0.6% rise in the Consumer Price Index (CPI) for the December 2023 quarter, marking the slowest quarterly increase since…
The Latest CoreLogic’s Home Value Index (HVI)
Key takeaways Australia’s housing upswing continued through the first month of 2024 with the national Home Value Index rising 0.4% in January. Three capitals recorded a subtle decline over the…
Property development guide part 15 – Do you need a project manager?
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….
The Latest My Housing Market Stats
Key takeaways The national capital city median house price was flat at $1,089,156 over the January quarter compared to the December quarter, according to the latest data from My Housing…
These cities have the most millionaires in the world – 2 Australian surprises
Where do the wealthy live around the world? Heading the list, compiled by Henley & Partners is New York City which boasts of an astonishing 340,000 millionaire residents, accounting for…
Navigating the Uncharted Waters of Urban Planning
Key takeaways Australia’s population ticked over the 27-million mark last week, a milestone we’ve hit a staggering 30 years ahead of schedule. The ramifications for our housing, infrastructure, and urban…
This is how much the average Aussie needs to feel wealthy
Key takeaways A new survey shows the average Aussie feels they’d need to earn a significant amount of money to feel rich, Millennials need the most money to feel rich…
Australian Property Market Trends for 2023-2024
Key takeaways Despite my crystal ball being a little cloudy, let’s look at eight property trends I expect to happen in 2024. 1. Property values will continue rising 2. We’re…
One Weird Trick: Counter Your Cognitive Biases
A few years ago, a friend of mine who happens to be a really well-known journalist had a conversation with a really well-known academic. Because the conversation was private, I’m…
Sydney property prices to soar up to 23% higher in 3 years
Key takeaways Sydney house prices are expected to increase by 15.8% over the next 3 years while units are expected to significantly outpace, climbing 23% over the same period as…
Finding a property with development potential
Are you interested in property development? While many properties make good homes, fewer are “investment grade” properties and even fewer are potentially profitable development sites. In a recent blog, I outlined why…
a perfect storm driving prices higher in 2024
Key takeaways Australia’s housing market is facing a perfect storm: a chronic undersupply of dwellings, a construction industry in crisis, and a surging population. This potent cocktail is all but…
25 home buyer questions, answered
From investors to first-home buyers, buying a property can be an exciting time. But it can also be riddled with fear and uncertainty, especially in a market like the one…
Unit price growth to outpace houses as affordability issues continue to bite
Key takeaways Deteriorating affordability in Australia’s housing market combined with increased stock is expected to cause price growth to moderate across the country. And this will cause many buyers who…
Australia is not commencing enough housing to meet the 1.2 million target
There is currently a shortage of properties both for sale and for rent, and this is one of the reasons house prices of kept rising and rents have skyrocketed over…
How Cryptocurrency is Reshaping Real Estate Transactions
The financial landscape will never be the same after the appearance of cryptocurrency, and the potential of blockchain to influence and modify industries, including the healthcare or real estate sector….
Why its not always a good idea to buy an investment property where you live
We all love our own neighbourhoods, right? We choose to rent or own homes in particular suburbs because it’s close to where we work, it may have an exciting entertainment…
Home prices hit a new all-time high; expert anticipates a new record in 2024
Key takeaways New home price record reached: The December quarter data from Domain shows as of the end of 2023, Australia’s housing market has fully recovered from the 2022 downturn,…
Property development guide part 14 – Working with the Engineers
In this instalment of the Property Development Series, I’ll walk us through the role of the engineers and which ones you’ll need for your next project. Astute property investors and…
The Dangerous Game You Shouldn’t Play!
Key takeaways 2024 is here and with it, property forecasts are popping up everywhere. But let’s be real, our past experience tells us to take these with a grain of…
6 steps for property investors to maximise renovation rewards
Key takeaways Buy, renovate and hold is one of my favourite property investment strategies. Numerous television shows have glorified the idea of buying a derelict hovel, throwing tens of thousands…
7 reasons for property investors to feel positive about 2024
Key takeaways It looks like we’re going to have another good year in property in 2024. However, signs of softer market conditions emerged late last year, when the pace of…
The worst properties to buy in an uncertain market
We are living in interesting times, aren’t we? After strong property price growth in our major property markets in 2023, we are now moving to a perios of slower capital…
most important property investing golden rule
Key takeaways There is one property investing golden rule that is more important than everything else. The golden rule is that the quality of the property you invest in will determine your long-term investment…
4 things that successful people never say
Long-term success is never an accident. No one ever woke up in the morning to career or financial success without putting years of hard work into it. Do you know…
Australia’s Rental Riddle: Unpacking the Post-Pandemic Landscape
Since the pandemic’s onset, finding a rental in Australia has become as challenging as snagging a seat at the AFL Grand Final. Rental availability has plunged by half, and rents…
How to Find a Real Estate Mentor in Australia
All successful property investors, in fact, high achievers in all fields, have one thing in common…they have a mentor. This has been one of the secrets to their success. All the…
What would I do differently if I started all over again?
Key takeaways 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…
[Podcast] Do you understand the 5 levels of investing?
In today’s show, I want to discuss with you the five levels of investing, a framework that I have created to help you understand where you are on your journey…
Dispelling 20 common myths about property investment in Australia
Key takeaways While many Australians are keen to invest in property to secure their financial future, the statistics clearly show that most investors fail to achieve their goals. More than…
Where Does the Time Go? You Can Find Out, if You Dare
Finding time is hard. I often think about all the things I would do if I could just find the time. But really, what a crazy thing that is to…
Everything you need to know about the state of Australia’s property markets in 20 charts – January 2024
Key takeaways The value of residential real estate was an estimated $10.3 trillion at the end of December, which was relatively steady on the previous month. Both the combined capital…
What Is Land Tax and Who Pays It in Australia?
What is land tax? Who should pay for it? And can I reduce this major property cost which seems to eat into my rental income disproportionally? These questions are often…
How Much Does A Carpenter Earn In Australia In 2024
Considering a career in carpentry? You’re likely curious about the financial rewards. In Australia, carpenters are in high demand, and their earnings reflect the skilled nature of their work. But…
Property investors are coming back
Source: ABS Lending Indicators November 2023, released 12 January 2024, seasonally adjusted data. “Refinancing largely stabilised in November after three months of steep declines.” While we’re now well past the…
The key to financial freedom? Finding your mentor
When we think of entrepreneurs we often think of trailblazers forging ahead on their own, someone who’s doing something different or creating something new. While it’s true that in order…
Fake Experts Abound. Here’s How to Find a Real One.
There are two types of experts in the world: real experts, and fake ones. The real experts are the people who spend many years refining their knowledge and skill set…
40 property investment lessons I learned in the last 40 years
Key takeaways With the benefit of hindsight and knowing what you know now if you had the opportunity to do so, would you have bought an investment property 40 years…
Good gut decisions are born out of a lifetime of experience
I’ve got a lot of hard proprietary data on why the rich are rich and why the poor are poor. Some of the research I’ve gathered centres around the decision-making…
Believe it or not – the median dwelling value in Brisbane just overtook Melbourne
Key takeaways Brisbane now has the third-highest median dwelling value among the capitals, behind Sydney and Canberra. In December, the Greater Brisbane median dwelling value surpassed Melbourne’s median value for…
Plunger, espresso, filter? Just because your coffee is bitter, doesn’t mean it’s ‘stronger’
Coffee – one bean with many possibilities. A big choice is how to brew it: espresso, filter, plunger, percolator, instant and more. Each method has unique equipment, timing, temperature, pressure,…
Why is Michael Yardney still working?
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,…
Here Are 4 Destructive Money Habits Poor People Have
Your money habits can make you rich or put you in a poor house. According to a recent study by Brown University, in which nearly 50,000 families were surveyed, most…
The honest truth about where property prices are headed in 2024
There is no doubt that we’re now one year into a new property cycle and many housing markets around Australia are likely to experience significant growth over the next year…
A Summer Without Headlines: The 90-Day Challenge
Did you read, listen, or watch the news in the last year? Note: Any one of these items, let alone all of them together, might keep you up at night….
Why 2024 could be the WORST time to buy property
Key takeaways 2024 will be a very different property market to last year and the year before, but there is really no “best” time or “worst” time to buy property….
9 ways successful people beat stress
Feeling stressed yet? Last year was a challenging year wasn’t it, I guess everyone is stressed in one way or another and this year will have more than its fair…
The Latest Proptrack Home Price Index
Key takeaways National home prices held steady in December as growth in regional areas counteracted falls in the capital cities. Overall, prices rose by 5.52% in 2023. After hitting a…
Beware of the new breed of property experts
It seems we have become a nation of “experts.” Just check your inbox or turn on the television and there they are. Experts on politics who have never run a…
The Latest CoreLogic’s Rental Market Update
Key takeaways Nationally rents were up 8.3% in 2023. Growth in unit rents (10.2%) has outpaced the rise in house rents (7.5%) this year. We can also see some significant…
Why don’t more people become wealthy?
Why don’t more people become wealthy? Now if you’ve been following my blogs you’ll know I believe true wealth has nothing to do with how many properties you own or…
What is your most important habit to guarantee success in the New Year?
We’re at the beginning of a new year, a time when many people start thinking about how to make this a great year. Every year, millions of people make New…
Rhetorical questions to make you think…
Why not start your New Year with a little fun? Here are some rhetorical questions you may like to ponder: If it’s true that we are here to help others, then…
3 questions to help make 2024 your best year yet
Happy New Year – 2024 promises to be a fantastic year. 2023 delivered more than the usual number of challenges but looking back over the year I am happy, and…
31 Things I Wish Someone Told Me When I Was Young
As we go through life, we encounter various experiences that shape us into the person we are today. Some of these experiences come with valuable lessons that we could have…
Separating the Experts from the Lucky Idiots
Today I’d like to share 2 interesting topics with you. The concept for the first part of my chat came about from an email I received from a client who…
Commonwealth Bank tips the RBA will massively cut interest rates in 2024
Mr Halmarick said while the Australian economy is losing momentum, led by a slowdown in household spending, inflation was also decelerating – albeit at a slower pace than other nations….
Five property market trends for 2024
Key takeaways The outlook for the property market in 2024 will be shaped by various push-pull factors at play between a supply shortfall, strong population growth and interest rates remaining…
Crucial money lessons every parent must teach their child
The concept of ‘living within your means’ used to be a simple way of life. In years gone by, credit cards and personal loans were much more difficult to obtain,…
Believe it or not – these ARE the good old days
If we were to judge whether 2023 was a good time in the history of the world, many people would probably think not, wouldn’t they? This year alone we have…
2023: Resilience, recovery and an unlikely upswing
The pressure of climbing interest rates, stretched affordability, and the ‘fixed rate cliff’ stress tested our housing market through 2023, however, resilience largely prevailed. CoreLogic’s Best of the Best report…
the ‘bank of mum and dad’ is increasingly helping fund the lives of young Australians
Much has been made of the increasing presence of the “bank of mum and dad” in the lives of Australians. We know financial support from parents to adult children is…
Should you invest your super in property with borrowings?
In 2007, laws changed to allow SMSFs to borrow for property investments if they met specific compliance rules. This led to a surge in super-funded property investments from 2007 to…
Wrapping up 2023 and peering into 2024
If you’re like many Australians, you’re probably wondering what’s ahead for our property markets in 2024. Clearly, inflation will be with us longer and interest rates will remain higher than…
10 Things every landlord wishes tenants knew
The job of being a tenant should be simple, but as with all things that involve human beings, it often isn’t. If every tenant knew these ten things, life would…
Don’t fall for these 3 huge property investing mistakes
There are several mistakes that I regularly see property investors make. From emotional investing to failing to mitigate risk or even failing to get the right advice, many property investment…
How to stop a fear of change holding you back
If there’s one thing I’ve learned in my many years of business, it’s that change is the one constant. Just when you think things are settled, something will happen to…
The 3 Biggest Obstacles to Becoming Financially Free
What has been the single greatest obstacle stopping you from becoming financially free? Why do I ask? Well… a few weeks ago at a private client function I was conducting…
Chasing Cashflow Won’t Make You Wealthy
Are you trying to build enough cashflow so one day you can exit the Rat Race? Spruikers everywhere are using this to lure in many unsuspecting victims, we see it…
What would Warren Buffett say about how I approach property investing?
What would Warren Buffett say about how I approach my property investing? And why do I even care? Well… Buffett who is 93 years old is consistently ranked amongst the…
Find Some Shoulders to Climb On
Sixteenth-century astronomer Galileo Galilei stood on the shoulders of 15th-century astronomer Nicolaus Copernicus when he proved through his own experiments that Copernicus’ sun-centered theory was correct. Sir Isaac Newton, considered…
What changed in the property market in 2023?
What was different about our housing markets in 2023? As we close out 2023, the Australian property market looks significantly different from 2022 – we’ve defied all the naysayers and…
