[Podcast] The truth behind why rich people are happier with Tom Corley
I am about to shatter your very understanding of happiness. For some listeners, this may be discomforting; for others, this may be a revelation. In my chat with international best-selling author Tom Corley today, we will explain why wealthy people…
How Trump’s Policies Could Lead to Delayed and Smaller Rate Cuts
Key takeaways Although Trump’s economic strategies primarily target the U.S., their effects may ripple through Australia, particularly influencing our central bank’s (RBA) approach to interest rates. Trump’s policies, focusing on fiscal stimulus, tax cuts, and government spending, could drive U.S….
Attitude is Everything | Jim Rohn
The process of human change begins within us. We all have tremendous potential. We all desire good results from our efforts. Most of us are willing to work hard and pay the price that success and happiness demand. Each of us…
Why Overseas Migration is Not a Major Cause of Australia’s House Price Growth
The narrative that overseas migration is the primary culprit behind Australia’s rising house prices is one that often gets repeated, but it doesn’t really stand up to scrutiny. While migration contributes significantly to our population growth, the impact on house…
To Be a Successful Entrepreneur You Must Go All In and Never Quit
Becoming a successful entrepreneur is not easy. I spent five years studying 177 self-made millionaires Rich Habits Study – Background on Methodology and I have to say, they are among the most courageous, fearless individuals I have ever met. They put…
Nobody told me this about money – but I wish they would have
Key takeaways Taking on debt is not a problem, as long as you can repay it. Learn good money management skills and have a cash flow buffer. Don’t make thirty-year investment decisions based on the last thirty minutes of news,…
Rate cut timing forecast from Bendigo Bank’s chief economist
It’s been a tumultuous week for global markets and geopolitics as the US election came to a head, and we had a very predictable outcome from the RBA in their November policy meeting. And there’s some good news ahead for…
Why Warren Buffett Would Be Eyeing Melbourne’s Property Market Right Now
Key takeaways If Warren Buffett were eyeing Melbourne’s property market today, he’d likely see opportunity where others might see uncertainty. His timeless investment principles can guide you in making smart investment decisions. In Melbourne’s market, the first step in any…
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 our property markets. Australia’s economy doesn’t operate in isolation, so…
Has Australia Passed Peak Property Investor?
Key takeaways The number of private property investors in Australia is dwindling, with recent data showing a significant drop. This shift could worsen Australia’s rental shortage and increase housing insecurity. Rising interest rates, regulatory pressures, increased taxes, and high compliance…
[PODCAST] Is Your Investment Property a Money Pit? When It Will Finally Start Paying You! With Stuart Wemyss
In today’s show, we answer one of the questions on almost every property investor’s mind: “How long does it take for my investment property to cover its costs?” We all know property investment is a long-term game, but it’s easy…
Beyond the Buzzwords: Decoding Generational Research
Key takeaways Property investors, business leaders, and simply members of society need to understand what’s behind the various generational labels. Generational research is the study of how people born around the same time tend to share common attitudes and behaviours,…
Here’s what you need now
Australia is the seventh richest nation in the world, with data from a new report revealing exactly what Aussies need to earn to be considered part of our country’s exclusive club of the most elite earners. According to Knight Frank’s…
data trending in the right direction, but not enough for a rate cut just yet
Key takeaways The RBA’s decision to hold rates at 4.35% is expected to provide a boost to household confidence. A potential rate cut is on the horizon, but timing remains uncertain. Although headline inflation has dropped to 2.8%, underlying or…
[Podcast] Ask the Experts – Answers to your property questions with Ken Raiss and Brett Warren
Today is another of our popular question-and-answer shows. It’s the replay of a recent webinar where Ken Raiss, Brett Warren, and I answered a wide range of questions asked by the participants. Today’s show covers strategies and considerations for building…
The Market Forces Investors Need to Know
Key takeaways Apartments are currently driving value growth in the Australian property market, with new-build apartment prices projected to rise by 23% by 2026 due to a significant supply shortage. New apartments are commanding substantial premiums over older stock due…
Young homeowners are more likely to use their home as an ‘ATM’ than their Boomer parents. Here’s why
For many Australians, the family home is their largest financial asset. With an increasing variety of ways to tap into home equity, the temptation to access this wealth is ever growing. Homeowners increase the debt owed on their home when…
When Will Australia’s Rental Crisis End?
Australia’s rental market is in crisis. Vacancy rates remain extremely low, rental stock is extremely slim, and high rental prices mean the market is red-hot. . So how did we get into this rental crisis? How long will it last?…
Here’s Why Australians Live Longer Than Their Anglophile Peers
Australia consistently ranks among the top countries for life expectancy, outperforming many of its Anglophile peers like the UK, the USA, Canada, and New Zealand. According to a recent article from The Economist, Australia’s average life expectancy is notably high,…
The Latest CoreLogic’s Rental Market Update
Key takeaways National rents rose by 0.2% in October, a slight improvement from previous months, though still well below the average October rise of 0.7% seen in the past three years. Annual rental growth has slowed to 5.8%, marking the…
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 look no further. Here are 7 timeless quotes to help…
The Latest Proptrack Home Price Index
Key takeaways Proptrack report that national home prices hit a new record in October, rising 0.26% over the month. Australian home prices are now 5.62% higher than a year ago. Prices in the combined capital cities have increased 5.85% over…
The Latest CoreLogic’s Home Value Index (HVI)
Key takeaways CoreLogic’s national Home Value Index (HVI) recorded a 0.3% rise in October, marking 21 months of growth since the cycle commenced in February last year. Mid-sized capitals supported the slight gain, led by Perth’s 1.4% monthly rise, with…
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 over 20,000 rental properties, signaling a significant shift in the…
[PODCAST] Why You Should Ignore Most Property Data – Insights from Stuart Wemyss
Today, we’re talking about property data. We’ve all heard the saying, “The numbers don’t lie,” but what if I told you that relying too much on property data could actually lead you astray? That’s exactly what my guest, Stuart Wemyss…
The Latest Australian Housing Market Stats
Key takeaways The national capital city median house price increased again by 0.3% to $1,154,359 over October, according to the latest data from My Housing Market. The national quarterly house price has now increased over 20 of the past 21…
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 unsure about the next steps. The challenges you’re facing are…
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 than ever to get a foothold in the property market,…
How Do Luxury Home Builders Handle Changes During Construction?
Luxury Home Builders Handle Changes During Construction Luxury home builders offer homeowners a one-of-a-kind home built to high standards of luxury and personalization. The design process is designed to ensure that every aspect of the home serves a purpose and…
[Podcast] Forget Median Prices! Discover the Real Way to Gauge Housing Affordability with Simon Kuestenmacher
Today we’re going to talk about why medium prices may not be the best gauge for housing costs. Now, if you’re like most property investors or people interested in property, apart from auction results, medium prices are probably the most…
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, shopping centers, and transport. Properties with renovation potential or extra…
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 way most expected. Australia’s economy has proven remarkably resilient, defying…
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 flow until property values or rental income rise. Negative gearing…
Why You Must Safeguard Your Financial Future From This Growing Threat
As we increasingly embrace digital transactions, the convenience of tapping, swiping, and entering our card details online also brings significant risks. A recent report from Finder has uncovered a worrying statistic: 1 in 6 Australians have had their credit or…
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 purchases of new and off the plan properties. The concession…
The State of Marriage and Divorce in Australia in 2023
Key takeaways In 2023, 118,439 couples got married, down from 127,161 in 2022, but the most popular day to get hitched was 11th November, making it the standout date of the year. However, not all love stories were created equal…
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 being transferred to the subsequent generations. Over the next decade,…
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 movement of water draws in local wildlife, creating a thriving…
How to Outsmart the Psychological Tactics Agents Use Against You
Key takeaways If you’re looking to buy a property at auction, you need to understand the psychology at play. Knowing these tactics can help you make smarter decisions and avoid falling into the six most common auction sins. Overbidding through…
[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 Graham’s teachings from his seminal book, The Intelligent Investor, a…
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 we think about wealth creation, investing, and the world at…
When Will Interest Rates Fall? It May Be Later Than You Think
Key takeaways The Reserve Bank of Australia (RBA) is unlikely to cut interest rates soon. While some initially expected a mid-2024 rate cut, revised forecasts suggest a more prolonged timeline, potentially seeing three rate cuts by 2025. The RBA remains…
What to Buy and Where to Buy It
Key takeaways Demand for quality homes in affluent areas will remain strong, particularly for 3-4 bedroom houses in neighborhoods with good schools, transport, and amenities. With Sydney’s move towards medium-density living, townhouses are an appealing option due to their affordability…
Adelaide housing market update [video]
Key takeaways In September: Adelaide dwelling values rose by 1.3% Over the quarter: Dwelling values increased by 4.0% Over the past year: Dwelling values increased by 14.8% Adelaide dwelling values are currently at a record high Adelaide housing values rose…
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 in early 2021, hitting levels that many Australians had never…
What the Latest Mortgage Insights Tell Us About Australia’s Property Market
Key takeaways The average new loan size in Australia is $636,208 — up 8.8% annually. The average investor loans is slightly higher at $648,998. Western Australia and Victoria are leading the way in owner-occupied loan growth, with loan numbers increasing…
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 and could drive property market activity. Historically, rate cuts lead…
This weekend’s auction results – Clearance rates around Australia
Key takeaways Auction numbers remained relatively high at the weekend with clearance rates still generally positive for most sellers. The national weekend auction market reported a clearance rate of 61.0%, which was again just below the 62.1% reported over the…
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 you should never buy driven by your emotions, high-quality investment-grade…
Does this mean no interest rate cut this year?
Key takeaways More than 64,000 people found jobs in September, beating economists’ forecasts for gains of 25,000 jobs. The jobless rate remained unchanged at 4.1 per cent last month, even as the participation rate hit a record high of 67.2…
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 a home. Over the past year, two factors have collided…
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, driven largely by Victoria’s economic challenges. Despite these challenges, Melbourne…
Is the rental boom over? Pivotal point in the market as growth rates tumble
Key takeaways According to Domain’s Rent Report, Australia’s rental market may be entering a cooling phase after several years of surging rent prices. Australia’s capital cities have seen rental prices either slow or decline, with Sydney and Melbourne experiencing no…
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 where people choose to live and work have changed significantly….
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 act rationally. We are subject to cognitive biases. The Dunning-Kruger…
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 the right professional ensures the job is done safely and…
Vape Sensors for Rental Properties: How They Work
The increasing popularity of vaping has created new challenges for landlords and property managers. Although vaping is seen as a less harmful alternative to smoking, it can still lead to lingering odors, residue buildup, and potential health concerns for non-vaping…
Advertising a house is ridiculously expensive in Australia – could that be affecting the property market?
Australia has long been one of the most expensive places in the world for buying a house. Now, it’s apparently also one of the costliest places to sell one. Recent reporting in the Guardian has raised concerns about the market…
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 buying new property and existing homes in Australia. Ten years…
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 1.3% in the August quarter. This is down from 2.0%…
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. Consumers have used their savings to fuel their spending, even…
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 it comes to a property’s capital growth. It should be…
The One Person to Listen to When Investing
If you’re anywhere near my age (I’m going to be 50 very soon), you know you need to be investing a sizeable portion of your income. Not should be. Need to be. There are plenty of reasons for this, not least of which…
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 market. The Property Investment Professionals of Australia (PIPA) survey shows…
Do You Really Need an Air Conditioning System in Brisbane?
Thinking about getting an air conditioner? Being closer to the equator, Brisbane generally experiences more of a subtropical climate, which means it can be hot most days of the year. While the temperatures skyrocket in summer, Brisbane still stays fairly…
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 game. The Baby Boomer generation is passing the torch to…
The Latest My Housing Market Rental Report
Key takeaways Australia is in an unprecedented rental crisis and there is no end in sight. Rentals are growing at double digit rates and vacancy rates are at historic lows. However some markets are strongly outperforming others as the tables…
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 era of leadership is beyond human decision-making. AI can analyse…
Will the RBA Cut Rates This Year? A Look at Australia’s Economic Crossroads
Key takeaways The Reserve Bank of Australia (RBA) is keeping options open for both potential rate cuts and hikes depending on how the economy performs. It may cut rates if economic conditions worsen but could raise them if inflation doesn’t…
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 relief for tenants. Most capitals reported lower house rents over…
The boom indicators are all lining up
With inflation finally under control, the Reserve Bank now has no option but to cut interest rates. I’ll explain why this could lead to the biggest property market boom ever. When high population growth creates a shortage of housing and…
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 hope for those who take a strategic approach to saving….
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 at the end of August. I remember when it hit…
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 is for young people to get into the property market….
Property investors drive up new lending in August
Key takeaways The value of new lending reached $30.4 billion in August, the highest since May 2022 Investors continue to set the pace with a total of $11.71 billion loans settled in August, the second highest value of investor lending…
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 have maintained and grown their long-term wealth and in this…
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 the quarter, and the total nominal resale profit was $31.8…
Why Removing Negative Gearing Won’t Solve the Housing Crisis – and Could Make Things Worse
Key takeaways The debate around negative gearing is once again heating up, with a particular political party of a Green persuasion arguing that abolishing it could be the magic bullet to solve Australia’s housing affordability crisis and housing shortage. While…
Here’s how much you should have, and how to get there
Everyone has experienced an unexpected financial emergency. And amid the current cost-of-living crisis, when the cost of groceries, utilities and mortgage repayment bills are high enough already, an added out-of-the-blue expense could be enough to send your finances into a…
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 property values. Tightly held suburbs are attractive to a broad…
Australian Asking House Prices Tracker
Key takeaways New property listings rise 5.4% to 77,622 dwellings Total listings fall 2.3% amid a 2.2% decline in old listings. Asking prices bounce 0.7% after falls over winter. On a national level, the asking prices are increasing slightly. Houses…
New Survey Reveals Property Purchases Driving Will Creation
Recent data from a survey conducted by online estate planning service Willed has unveiled a significant trend: property ownership is increasingly becoming a key driver for will creation, especially among younger Australians. This shift in behaviour is reshaping the landscape…
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 both were updated for 2022 and released by ABS last…
Property Development Finance – Securing Funding
In the fifth instalment of this series on property development, I’ll explain in detail how to secure funding for your real estate development project. Before you commence any development project, it is obviously crucial to first establish how much you…
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, not just passengers being taken along for the ride. Luck…
[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 causing embarrassment to the Reserve Bank, with some commentators now…
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. Population growth and movement2. Purchasing power, or the availability, cost,…
Winter chill weighs on the housing growth trend
Key takeaways Corelogic’s National Home Value Index growth has eased through the month, from 0.7% to 0.5%, with stubbornly high inflation and rising stock levels weighing on demand. The recent slowdown is notably stronger across more expensive markets and property…
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 act rationally. We are subject to cognitive biases. The Dunning-Kruger…
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 attracts millions of visitors to the city’s vibrant nightlife and…
Why most people’s homes perform better than their investment properties
In recent weeks I have noticed something interesting when speaking with potential clients. More specifically those who are existing homeowners and perhaps have one or two investment properties. Their homes have performed strongly on most occasions, but in many cases,…
Melbourne is home to two of the richest postcodes in Australia – new data reveals
Believe it or not, Melbourne has one of the highest populations of millionaires in the world. But it has also been named one of the most unaffordable cities in the world to buy a home. And a recent report from…
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 superior value growth compared to units. Data from the last…
The 4 Best Property Ownership Types for Home Buying
Did you know that you have many options when it comes to deciding the entity that should own your new property? Most property buyers, even seasoned investors, default to simply buying the property in their own name, but this is…
Low home completion data a canary in the coal mine for our housing targets
The latest numbers on new home starts are out and it isn’t good news showing Australia is facing a significant challenge in meeting its national target of 1.2 million new homes over the next five years. The promise of increasing housing…
[Podcast] Governments passing the buck for the housing crisis, blaming property investors, with Nicola McDougall
For years, the dream of homeownership has seemed increasingly out of reach for many. But what of those who can’t even afford to rent Social Housing? Waiting lists are overflowing and the number of available dwellings just needs to catch…
A bit about the myth of risk
I’d like to share with you some of my thoughts on risk, and how it relates to your investment success because I believe that what most of us have been taught about risk is wrong. In fact, it’s probably holding…
The 6 Best Museums to Visit in Melbourne
Melbourne, a vibrant and culturally rich city, is a treasure trove of museums catering to various interests. The best museums in Melbourne are not just about displaying artifacts but are immersive experiences that tell captivating stories, provoke thought, and spark…
The 8 Phases of Property Development
In the fourth instalment of my series on development, I’ll walk you through each step of the development journey. Becoming a property developer, even dabbling in the idea of development as an adjunct to a more passive property investment career,…
[Podcast] Property Investors are Fleeing the Melbourne Market, with Mike Mortlock
Today, I look into an issue that’s causing ripples across the Victorian rental market and beyond. It’s the exodus of landlords. Joining me today is Mike Mortlock, Managing Director of MCG Quantity Surveyors, who recently wrote a detailed report about…
The Long Term Benefits of Property Investments
Key takeaways The average Australian has a very short financial time frame. Often they live week to week and wonder how they’re going to get through financially till the next pay packet. Then there are some Aussies who think about…
Stop the boats!
Building homes is restricted mainly by planning red (and green) tape, high taxation, government munificence, and not being able to easily build what the market wants and/or can afford. Now that is off my chest – hopefully for the last…
how state decisions are hurting property investments
Key takeaways State governments across Australia are increasingly turning to property owners to fill their fiscal gaps, with Land Tax becoming the tool of choice for generating revenue. Victoria was the pioneer in this aggressive fiscal strategy, unveiling a $5…
Australia will have 400,000 new millionaires by 2028
Key takeaways Australia’s average wealth-per-adult increased by nearly 10% in 2023, more than twice the growth-rate of UBS’ sample of 56 countries. Australia ranked second in terms of median wealth behind Luxembourg, and fifth in terms of average wealth in…
4 big lies about property investing: Are you being fooled?
The lion’s share of your property’s value is in the land, therefore you should always buy houses rather than apartments. Have you heard that one before? It’s an oldie but a goodie and harks back to those days when everyone…
When Populations Peak – Look at Australia
As today marks World Population Day, we’re taking a closer at one of the population trends that will affect many countries sooner or later in the 21st century: population decline. Especially prevalent across Europe and developed Asia, this demographic trend is a…
Top 6 things that make property valuable
Key takeaways Property taps into some of our strongest needs and desires, and as with any asset, when demand outstrips supply, prices go up. There are a number of key factors that will always play a part in the value…
Unpacking the true cost of vertical housing
The conversation around Australia’s housing crisis often circles back to a familiar refrain: we need to build more homes. However, the reality on the ground paints a more complex picture where the push for vertical housing solutions like apartments…
What makes an “investment grade” property?
Key takeaways There are 11 million dwellings in Australia with a total value of around $10.3 trillion, but not all properties make good investments. And what makes an investment grade property for me may not be a suitable investment for…
What’s Next for House Prices with Dr. Nicola Powell
On today’s episode, Dr. Nicola Powell, the Chief of Research and Economics at Domain, and I want to discuss her latest Domain House Price Forecast Report, and I ask her to share her property forecasts for the financial year 2025….
Australian Asking House Prices Tracker
Key takeaways In May 2024, the number of national residential property listings increased by 5.5%, rising to 252,757 dwellings from the 239,660 recorded in April 2024. Nationally, new listings (less than 30 days) recorded a 12.4% rise in May, with…
7 Tips for First-Time Home Buyers in 2024
Purchasing a first home is one of the most joyful moments in people’s lives, but it is also a rather challenging experience. In this case, there are various factors that you should take into consideration including your budget, the location…
credit card debt drops for first time in six months
Australia’s total credit card debt attracting interest charges has dropped for the first time in six months, as households finally start to reign in their burgeoning credit card debts. The latest RBA credit card statistics released for the month of…
[Podcast] Only 4% of poor people become rich, why is it so hard? With Tom Corley
Today we’re going to dive into the world of wealth creation and breaking the cycle of poverty. Joining me is Tom Corley, who’s dedicated his career to understanding the behaviours that separate the rich and the poor. According to Tom’s…
The Essential Two-Business Model for Growing Your Property Portfolio
Key takeaways If you’re looking to eventually develop financial freedom by building a substantial property portfolio, it’s crucial to understand the importance of running two distinct “businesses” to ensure you attain your goal of having a significant portfolio. In my…
Does one spouse deal with all financial matters?
It’s quite common for one spouse to assume the primary responsibility for managing household finances. Naturally, if one partner possesses a natural inclination or proficiency in financial matters, it’s logical for them to take charge. While it may seem convenient…
What could another rate rise do to the Australian housing market?
Key takeaways The monthly CPI indicator showed inflation increasing in the year to May, which could necessitate another increase in the RBA cash rate target. The Australian housing market has been fairly resilient despite higher interest rates, with home values…
will a coffee a day really keep heart attacks at bay?
Is this more good news for coffee lovers, or a case of being careful what you read? A while ago a headline in the Australian newspaper claimed “A short black a day can keep heart attack at bay”: American scientists…
How High Construction Costs Are Driving Up Established Property Values
One of the most eye-catching things in the most recent inflation data, aside from the shocking headline number, was the continuous rise in housing costs. Both rents and the cost of new construction are inflating faster than the overall rate….
How to Create Environmentally Conscious Construction Sites
The ongoing population growth combined with rapid urbanization has led to an increased demand for housing over the years. Simply put, with more people in the world, we need more places where they can live safely and comfortably. Note: According…
Distinguishing the Skilled from the Lucky
Key takeaways Many property market experts are misguiding novice investors with their anecdotes of easy wealth accumulation, and they also influence their massive followings to adopt this distorted narrative. It’s important to differentiate between genuinely skilled investors and those who’ve…
Declining Birth Rates in the Most Populous Countries (1950-Today) [Infographic]
Birth rates are falling in the six most populated countries in the world, though at different speeds. This graphic shows the annual births per 1,000 people in the world’s six largest countries by population. The data is from the UN World…
This is why investors are returning to the Australian property market.
Key takeaways The prospect of strong capital gains is luring investors back into the market, supported by strong rental price growth that maintains healthy rental yields. Australia is in the midst of a rental crisis, driven by a chronic shortage…
[Podcast] Is the Property Party Over? The Future of Real Estate Values with Stuart Wemyss
The common rhetoric in the media is that property prices just can’t keep going up; they’re too expensive, and our children will never be able to afford to get into the housing market. Is this true? Is the property party…
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 on time, I have pulled together ten things you need…
Here’s how to help your children into property
Parents often ask me how they can help their children into property. Some even contemplate giving one of their existing properties to their children. For those more financially free, giving a property while they are still alive so they can…
Property development guide Part 2 — Donning the property developer’s hat
Have you ever considered getting involved in property development? With the good old boom days of the Australian property market well and truly over, many investors are considering how they can become more actively involved in growing the value of…
Secrets to Financial Success with Louise Bedford
While we regularly talk about property on this show, today we delve into the fascinating world of investment psychology with my good friend, Louise Bedford. If you’re not familiar with Louise, she is a leading expert in behavioural finance, a…
Australians lose $5,200 a minute to scammers. There’s a simple thing the government could do to reduce this. Why won’t they?
What if the government was doing everything it could to stop thieves making off with our money, except the one thing that could really work? That’s how it looks when it comes to scams, which are attempts to trick us…
7 legal, tax and finance-safe steps to help your kids onto the property ladder
The interest rate hiking cycle might have peaked, but it’ll be some time until rates drop, borrowing capacity increases and Australia’s property market reopens to more first-home buyers. So it’s no wonder that housing affordability (or unaffordability) is such a…
5 Trends from the latest Foreign Buyer Report
Key takeaways Foreign buyers have significantly increased their purchases of Australian real estate over the past financial year, spending $4.9 billion on 5,360 properties This marks a substantial rise from the previous year. Foreign buyers purchased 5,360 properties in 2022-23,…
Here’s How To Know If Your Best Friends Are Making You Poor
In my five-year study of the daily habits of the rich and poor, I discovered that there are two extreme types of relationships: Helpful Relationships and Toxic Relationships Helpful Relationships help lift you up in life and are always happy,…
Money in the bank hits $1.48 trillion – new data reveals
Australians tucked an additional $6.53 billion away in the bank in May as household deposits continued to hit record highs. The total amount saved in the bank from households is now $1.481 trillion – the 11th consecutive record high, according…
The ATO busts 5 common tax myths
Recently the Australian Taxation Office sent around a bulletin busting 5 common tax myths. Did you believe any of them? Myth 1: Investors can claim travel expenses to visit their residential investment property. Since 1 July 2017, investors can’t claim…
Why neighbourhood has never been so important when investing in property
Key takeaways Investors should focus on selecting the right neighbourhood when making their property buying decisions, as socio-economic dynamics and lifestyle preferences shape today’s property market. 80% of a property’s performance is dependent on the location and its neighbourhood, and…
5 Tips to Know Before Moving to Australia
Moving to Australia may seem like an easy task, but you need insider info to tackle obstacles all on your own. In today’s article, we’ll explore 5 expert tips that will help you move to Australia and find your new…
What drives Australia’s multi-speed housing markets?
Key takeaways Australian home values have risen 35.6% since the COVID-19 pandemic hit Australia in March 2020. The range of annual growth across the capital cities stretches from a 22.0% rise in Perth dwelling values, to a -0.1% dip in…
[Podcast] Crisis or opportunity? Don’t let the Housing Market Headlines Confuse You, with Ken Raiss
Are you feeling a bit overwhelmed by all the conflicting information about Australia’s housing markets? Well, you’re not alone. A short while ago, Ken Raiss, director of Metropole Wealth Advisory, and I conducted a webinar, and even though there were…
New $450m scheme to provide essential workers with subsidised Sydney rent
Key takeaways The Minns government will build apartment blocks for Sydney’s essential workers, offering them cheap rent so they are not priced out of the city. Essential workers, including nurses, paramedics, teachers, allied health care workers, police officers and firefighters,…
The Biggest Property Mistake Millennials are Making
Millennials who delay buying their first home are putting themselves at huge risk of being long-term renters. But complaining about a lack of affordability isn’t going to get them anywhere; instead, they need to start to turn attitude into action….
More hidden taxes for property owners revealed
Key takeaways The NSW Government is planning to increase property owners’ insurance costs by shifting the cost of the Emergency Service Levy (ESL) onto them, and increasing surcharges for foreign purchasers, raising the surcharge land tax, and freezing the land…
[Podcast] Mark Bouris on Building Wealth
I have a very special episode for you today, where you’ll hear Mark Bouris discuss what the Reserve Bank should think about when making interest rate decisions. You’re going to hear Mark Bouris explain how he keeps his wealth –…
Property Development Process Visualised
Property Development involves a wide range of activities and processes from purchasing land, building and developing high-rise apartment buildings and everything in between. In order to be successful, you’ll need to educate yourself on property, the markets, economics, finance, town planning,…
Victoria Likely to Lose Thousands of Rentals in the Next 12 Months
Key takeaways Victoria’s rental market is facing significant challenges, with a net loss of 5,044 rental properties over the last three months, and a downward trend in investor loans indicating a broader reluctance among investors. This is further shrinking 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 being transferred to the subsequent generations. Over the next decade,…
The 12 Most Common Property Management Problems
Many investors think that the hardest part of becoming an investor is searching for and finding the right investment property. In reality, that’s only the beginning. Once you own an investment property and become a landlord, you have to learn…
7 money tips to super charge your finances
Key takeaways It’s really a combination of our mindset, habits, and behaviours that rule our financial destiny. Let’s look at 7 tips that could make you rich: 1. If you are born poor it’s not your fault, but if you…
10 Ways Coworking Spaces Boost Your Productivity
As the modern workplace changes, commercial properties as old-fashioned office plans are replaced by more creative ones. In particular, coworking spaces are becoming increasingly common as a solution. More and more, workers who want to be more productive are choosing…
Top 20 professions for Aussie property investors
Key takeaways Property investors come in all shapes, sizes… and professions. But surgeons, anaesthetists and internal medicine specialists are the most prolific property investors, with 43% of 4,159 workers having declared rental income from property investment. Over 20% of Australia’s…
Could rising property prices unlock new supply?
Home prices have surged in recent years, mortgage rates have climbed, and household incomes haven’t kept pace. As a result, housing affordability has plummeted to its worst level in at least three decades. Despite a dire shortage of homes, the…
Mortgage arrears are rising from record lows, and likely to rise further
Key takeaways Mortgage arrears have been rising from their COVID lows of just 1.0% in Q3 2022, reaching 1.6% in the March quarter of 2024. This is highest reading on mortgage arrears since Q1 2021. The average variable interest rate…
A Guide for Aussie Investors Looking for Private Investments
The Australian investment landscape offers a diverse range of opportunities, from the familiar territory of the ASX to the potentially high-growth world of Private Investments. While publicly traded stocks have their merits, private investments can provide a unique set of…
Why city-level property market comparisons can be misleading
Key takeaways When commenting on the state of Australia’s housing market, many commentators compare cities rather than checking what’s actually happening on a more granular level. To understand the market conditions in our capitals, it is necessary to study the…
How to prevent paying too much tax on a business sale
No one ever sets up a business with the intention to fail. Rather, entrepreneurial types are motivated by a multitude of factors such as personal drive and ambition or a desire to work for themselves or to create a particular…
Rates on hold but mortgage arrears rising
Key takeaways The cash rate was held firm at 4.35% in June, and is now 1.8 percentage points higher than the pre-COVID decade average of 2.56%. The RBA’s stance seems largely unchanged relative to the May meeting, with some ‘sideways’…
2.5 Million New Homes by 2051
Victoria is set to undergo a housing revolution with an ambitious plan to add 2.5 million new homes by the middle of the century. Premier Jacinta Allan unveiled proposed housing targets for all local government areas across the state to…
Governments passing the buck on housing crisis while raking in tens of billions in property taxes
Key takeaways About 175,000 households are on waiting lists for public or community housing across Australia, up by 20,000 since 2014, data analysis by PIPA shows. More than a third of people seeking urgent assistance from governments are turned away….
Do you know what a property manager really does?
Too many landlords think that property management is easy when it isn’t. And too many landlords never receive anything more than a “one-size-fits-all” property management service. But there is a better way to manage and grow your portfolio – and…
How Much Does It Cost to Renovate a House in Australia?
When it comes to renovating, the majority of home renovation projects are an investment that can add both value and appeal to your property. But there can be a big difference between renovating your own home for aesthetic appeal and…
Arrears on the rise despite record levels of cash in offset accounts – new data reveals
The total amount of money stashed in offset accounts has hit another record high of $271.72 billion, as borrowers continue to stash cash in their mortgages despite the rate hikes, according to the latest APRA Quarterly ADI Property Exposure statistics…
Sustainable Home Innovations on the Rise
As concerns about environmental sustainability and energy efficiency continue to grow, homeowners are increasingly turning to green technologies to future-proof their properties. Note: The integration of sustainable innovations is not just about reducing carbon footprints; it also involves enhancing property…
[Podcast] This city will deliver the strongest growth over the next decade, with Stuart Wemyss
If you’re a property investor, the most common question you will likely ask is, “Where should I buy my next investment property?” In fact, who wouldn’t give their second garage to know which city will outperform over the next decade?…
What Should You Know About Buying Real Estate in Australia as an Expat?
Buying real estate in Australia as an expat can be a complex process, but with the right knowledge and preparation, it can be a rewarding investment. Understanding the steps involved, from financing to legal requirements, is crucial for a smooth…
a shift in market dynamics this 2024
Over the last four years, the gap between house and unit prices in Australia has widened to record levels. Historically, houses have commanded higher prices than units. However, since the pandemic began, this disparity has grown significantly, with house prices…
Housing affordability improves for the first time since 2021 – new data reveals
Housing affordability for home buyers has finally turned a corner with the March quarter of 2024 showing improvement for the first time in three years, according to the latest data from the Real Estate Institute of Australia (REIA). But it’s…
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 they buy a home. The thing is, while there is…
These are the suburbs where big and small rental properties are most in demand
Australia continues to endure a rental crisis, where extremely low vacancies, low stock and record-high rents have created a pressure-cooker environment for renters. But despite the challenges, space is still top of the list for many, with demand remaining robust…
The 7 Rules of Power Negotiation
Negotiating is a part of living; we do it all the time. When you walk down a crowded street you negotiate the path you take. A couple negotiates their relationship before and during the marriage. Although you may not realise…
Is Buying an Apartment Still a Good Investment in Australia?
Key takeaways Investors are increasingly shying away from investing in apartments, because of the COVID-19 pandemic and the influx of shoddy high-rise apartment buildings built during the last building boom. My view is that it depends on the location, neighbourhood…
Inspirational quotes by Albert Einstein
Albert Einstein was a theoretical physicist widely regarded as one of the most influential scientists of all time. He is also famous for some of his quotes. Here are some inspirational quotes by this brilliant person. 1. “Insanity: doing the…
Where have all the affordable rentals gone?
Crisis conditions have gripped Australia’s rental markets in recent years, with affordable rentals now few and far between. According to PropTrack, nationally advertised rental prices are up 43% for houses and 46% for units compared to pre-pandemic levels. In some…
Credit card debt continues to rise – new data reveals
Australia’s total credit card debt attracting interest charges has risen for the fifth month in a row, as households across the country struggle to get on top of their credit card debt. According to the latest RBA credit card statistics…
Looks like we’ll have a 2-tiered property market – those who can and those who can’t
Key takeaways There are always stories about the challenges of housing affordability in the media, and this seems to be dividing us into a nation of those who are property owners and those who believe property will always be unaffordable….
How Much Do You Need for a House Deposit in Australia?
Australians looking to buy a property will now need to save as much as $65K more than 5 years ago as booming house prices hiked up how much buyers need to front up in order to buy their dream home….
The housing crisis hit Queensland hard. Jolted into action, the state has raised its game
Post-COVID housing stress has been especially intense in Queensland. Brisbane property prices have climbed by 65% since the pandemic began. That’s almost double the Australian capital city average (34%). According to new data released by CoreLogic this week, Brisbane now…
7 graphs that show economic growth near zero as Australia waits for a budget boost
The Australian economy came close to a standstill in the first three months of this year. March-quarter economic growth sank to just 0.1%, meaning that, when adjusted for inflation, there was hardly any more income, spending or production than the…
9 Tips for First Home Buyers in Australia
Key takeaways Property prices are unlikely to get cheaper, so consider taking the plunge into the market sooner rather than later. Opting for an investment property as your first home can offer financial benefits, such as tax deductions, and allow…
Why you shouldn’t invest in shiny new houses or apartments
The fresh smell, the clean slate, the low maintenance, and the primal need to be the first to mark your territory: are just some of the reasons why buying a brand new house or unit is enticing. However, that doesn’t…
Beware of taking investment advice from people playing a different game than you are
Key takeaways As a seasoned property investor, I’ve witnessed firsthand the intricate dance of the property markets and learned that most investors fail to achieve the financial freedom they are looking for because they don’t know what game they’re playing….
In Pursuit of Happiness
Did you know people fall into one of three groups? Let me explain… Martin Seligman is a psychologist at the University of Pennsylvania. In one of his studies on happiness, he found that people fall into one of three categories:…
Australia’s Education Sector Faces Big Changes with Immigration Limits
Key takeaways The influx of people arriving in Australia, either as permanent residents or temporary visitors here for work or study, has kept inflation high and made it harder for the Reserve Bank to reduce inflation by cutting overall consumer…
The problem with buying property bargains
If you ask me, one of the many overused words in property is “bargain.” For novice home buyers and investors, sure, price is important. However, what they don’t recognise are the inherent risks of buying a secondary property. With our…
Melbourne property will deliver the strongest growth over the next decade
Key takeaways Victoria’s high property taxes, soaring state debt, and mandated improvements have increased compliance costs, increased maintenance costs, and reduced the amount of control investors have over their valuable assets. However, the long-term fundamentals of supply and demand will…
10 things Robert Kiyosaki says you can do today to escape the rat race
Robert Kiyosaki’s Rich Dad real estate blog carried a great article giving some ideas about how to escape the rat race and develop financial freedom. While this was written some time ago and as you read them you may initially be…
Job scams are on the rise. What are they, and how can you protect yourself?
In the digital era, the job market is increasingly becoming a minefield – demanding and difficult to navigate. According to the Australian Bureau of Statistics, the number of job vacancies fell by 6.1% between November 2023 and February 2024. Every…
How To Get Out Of Debt – The Complete Guide
Kick your debt problem to the curb once and for all with this step-by-step guide Are you sick and tired of credit card bills? Are you ready to discover how to get out of debt once and for all? If…
7 Things to Know Before Buying an Investment Property
The statistics say it all-around 92% of Australians who invest in property never make it past their first or second investment. This is in spite of the fact that one property will never make you rich…it will never even make…
If You Change Yourself, You Can Change Your Life
You cannot change the circumstances. But you can get stronger, wiser, better. Life is about constant, predictable patterns of change, and the only constant factor will be our feelings and attitudes toward life. We as human beings have the power…
How to Maintain a Healthy Home Environment in Melbourne
Creating a healthy home environment is essential for the well-being of everyone residing within. Note: In Melbourne, where diverse weather conditions can affect living spaces, maintaining a healthy home requires attention to various aspects of home maintenance. This guide explores…
Things successful people never say
You’ve heard me say it before… your thoughts lead to your feelings, your feeling becomes your actions and your actions become your results. I’ve heard others say it differently… your words become actions, which eventually become your destiny. Similarly, Napoleon…
A Quick Look at the Role of Self-Storage in Streamlining Home Sales
Are you planning to sell your home and feeling overwhelmed by the clutter? Note: Utilizing self-storage can be a game-changer. It helps you declutter, making your home more appealing to potential buyers and ultimately streamlining the home-selling process. Discover the…
Body Corporate Fees in Australia
The chances are that if you’ve just bought (or are planning to buy) an investment property in a multi-unit development such as a unit, townhouse, or apartment, you’ll have heard about an owner’s corporation or a Body Corporate. These are…
End of financial year tax planning tips for 2023/24
Key takeaways You’ll need to estimate your taxable income for the 2023/24 financial year by tallying up all income and deducting all eligible expenses. Once you’ve estimated your likely taxable income for this financial year, it’s worthwhile to see if…
Helpful strategies if your property doesn’t sell
It’s such a disheartening scenario. After weeks or even months of open homes, with strangers traipsing through your property every Saturday, and spending hours on the phone with your selling agent – you don’t get a single bite. It’s hard…
Regional markets strengthen with values and rents reaching new record highs
Key takeaways Regional home values hit a new record high in April, after recording a nominal recovery in March. Dwelling values across the combined regions are rising at the fastest pace in almost two years. Across the country’s 50 largest…
6 Reasons Why Money Can Buy Happiness
It’s an age-old debate: Does money buy happiness? While it’s sometimes the case that money can make people with “challenging” behaviours even more so, generally speaking, having enough money for the basic necessities of life as well as your wants…
Unmasking the Quick-Fix Myths of the Major Parties
Key takeaways Australia’s housing crisis has become a fierce political battle that could have major implications for the next federal election. Peter Dutton kicked off his “election campaign” in his budget reply with a populist promise to fix the housing…
10 Quotes to Motivate You to Overcome Setbacks
In order to accomplish anything, you need a driving force, otherwise nothing will happen. A wish is not strong enough to make you take action. A wish is a weak desire. Only a strong desire can drive you forward, to…
Melbourne becomes second-most popular state for international homeseekers in April – new data reveals
Victoria has become Australia’s second-most popular state for international buyers and tenants eyeing a move to the lucky country last month. New figures from PropTrack show that offshore demand for rentals is currently 32% above historical norms, with increasing interest…
Unfair advantages of the rich – and how to claw them back
Sometimes it can seem as though other people were born lucky. Rich parents, inspiring mentors, opportunities handed to them on a platter… it’s hard to believe the average Aussie can compete with this kind of advantage. But the truth is,…