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
16h ago
Rental costs in Australia keep on increasing. Because of this, shared housing is quickly becoming the answer for many to the skyrocketing cost of living, according to new research by Finder. The survey of 1,070 respondents revealed more than 1 in 10 (12%) Australians – equivalent to 2.5 million people – have moved into shared ..read more
Michael Yardney's Property Update | Property Investment
16h ago
Australia is slowly moving through an enormous (though temporary) spike in overseas migration. The ABS reports Australia’s population increased by 2.5%, or 660,000, in the year to September 2023. Its latest regional migration data reveals the areas with the highest migration levels through the 2022-23 financial year (FY23). This has been driven by a combination ..read more
Michael Yardney's Property Update | Property Investment
2d ago
Have the Perth and Adelaide housing markets peaked? And if so, where will we find the next boom markets? The answer lies in who is doing the buying and selling. Experts commonly refer to a city’s median housing price when describing its performance, but this is misleading. The median price lumps all buyers and sellers ..read more
Michael Yardney's Property Update | Property Investment
2d ago
The Reserve Bank is now assuming Australians will see no interest rate cuts this year – and quite possibly none before the next federal election, due next May. That’s a big change compared to just three months ago. Back in February, the Reserve Bank assumed three rate cuts before the middle of the next year ..read more
Michael Yardney's Property Update | Property Investment
2d ago
Buying a property is one of the biggest transactions you’ll ever make. It’s one that you’ve probably saved and prepared for a long time and are eager to make happen. The problem is, among all the activity, buyers are unaware that scammers are out there, lurking and waiting. Real estate scams are commonly related to ..read more
Michael Yardney's Property Update | Property Investment
2d ago
The Victorian government is tightening its grip on rental property standards in response to a significant increase in tenant complaints. This crackdown, led by Minister for Consumer Affairs, Gabrielle Williams, and Consumer Affairs Victoria director, Nicole Rich, reminds landlords of their legal responsibilities to provide safe and functional rental properties. "Every Victorian renter has the ..read more
Michael Yardney's Property Update | Property Investment
2d ago
Can we really blame the housing crisis to international students? The answer is no according to a report released by the Student Accommodation Council which suggests that international students are not the culprits behind Australia's housing crisis. Representing merely four per cent of the rental market, their impact is minimal compared to other, more significant ..read more
Michael Yardney's Property Update | Property Investment
2d ago
Real estate agents perform a valuable job for both buyers and sellers, but it’s their aim to find the most buyers for properties they have listed, so their descriptions can often be a little on the optimistic side. Here’s our guide to how agents may answer your questions, and the real meaning that could lie ..read more
Michael Yardney's Property Update | Property Investment
3d 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
6d 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