Michael Yardney's Property Update | Property Investment
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PropertyUpdate.com.au is Australia's leading property investment wealth creation website with tips, advice and strategies from leading real estate investment experts. Do you want to create financial independence through Property Investment? Use our articles from leading experts as your guide!
Michael Yardney's Property Update | Property Investment
7h ago
Downsizing to a smaller house can sometimes feel overwhelming, but at some stage in our lives, the pros will begin to outweigh the cons. After all, downsizing your home to a smaller one is a great opportunity to save money and free up both your time and property equity. And it could help unlock some ..read more
Michael Yardney's Property Update | Property Investment
3d ago
Upgrading your home is a very important lifestyle decision that will have a significant impact on your standard of living. However, it is also a very important financial decision. Making wise choices can greatly improve your financial position, but mistakes can be very costly and impair your ability to build wealth. (1) Approach the decision ..read more
Michael Yardney's Property Update | Property Investment
4d ago
It's fascinating to see how millennials are reshaping the landscape of property investment. Recent data from CommBank reveals that this generation isn't just actively investing in properties; they're also confidently navigating this journey solo. In 2023, millennials, those born between 1981 and 1996, represented a striking 46% of CommBank's new property investors. Gen X followed ..read more
Michael Yardney's Property Update | Property Investment
5d ago
Australia’s rental market plunged into crisis over the last few years, as supply dwindled through 2022-23 when interest rates began to surge and many investors sold up and a few new investors entered the market. We saw vacancy rates drop to all-time lows, rental stock remained extremely slim, and rental prices skyrocketed. In fact, it ..read more
Michael Yardney's Property Update | Property Investment
5d ago
Australia is home to some of the most liveable cities and most beautiful beaches in the world, but now our nation is considered one of the world’s richest. According to new data from Founder Pass, Australia is ranked at number 8 for the world's highest salaries. The ranking shows that Australians have a monthly average ..read more
Michael Yardney's Property Update | Property Investment
6d ago
There's a noticeable shift in the Australian rental market with high income earners squeezing lower income earners in the rental market, according to a paper by the Australian Housing and Urban Research Institute (AHURI). Higher-income earners, those making $140,000 and above per year in 2021, grew from 8% of the private rental market in 1996 ..read more
Michael Yardney's Property Update | Property Investment
6d ago
Just when we think the price of rentals could not get any worse, this week’s Rental Affordability Snapshot by Anglicare has revealed that low-income Australians are facing a housing crisis like never before. In fact, if you rely on the Youth Allowance, there is not a single rental property across Australia you can afford this ..read more
Michael Yardney's Property Update | Property Investment
1w ago
We know we are experiencing a housing crisis, due to a shortage of dwellings to buy and rent and this has, in part, been brought about by challenges within the residential construction industry. Capacity constraints, rising costs, and tight housing supply have driven up prices for existing homes and rental rates. PropTrack examined the significant ..read more
Michael Yardney's Property Update | Property Investment
1w ago
If you visit southern Greece or Tunisia, you might notice lots of white rooftops and white buildings to reflect the intense heat and keep residents cooler. It’s very different in Australia. New housing estates in the hottest areas around Sydney and Melbourne are dominated by dark rooftops, black roads and minimal tree cover. Dark colours ..read more
Michael Yardney's Property Update | Property Investment
1w ago
Regret is part and parcel of everyday life. We all have a list of things we wish we had and hadn’t done throughout our life journey. Sometimes you might wish you’d taken another career path, travelled more or taken advantage of an opportunity presented to you. Many people, when faced with a crossroad, are plagued ..read more