The RBA has no intention of interfering with our booming property markets. RBA Assistant Governor Bullock recently spoke on The Housing Market and Financial Stability, noting lending standards overall have been maintained and gave little indication that the RBA or APRA are contemplating tightening macro-prudential policies in the face of a strong housing market. The…
Australia’s economy and our property markets don’t operate in isolation, so I believe it’s good to regularly have a look at the big picture, the macroeconomic factors affecting not just Australia’s economy, but the world economy to help us understand what’s ahead for us, and I do this once a month in these Big Picture…
Australia may just have side-stepped another recession by the skin of its teeth after recording a small uptick in GDP growth over the June quarter. After an initial “miracle” V-shaped recovery, our economy did a U-turn as much of Australia was locked down at the end of the June quarter. And economists seem united about…
Almost everyone wants to become rich. According to Tom Corley’s Rich Habits Research , being rich eliminates 67% of the problems that plague most people. So, besides being able to buy that house by the beach, snag a Rolex watch, or travel to exotic places, being rich means fewer problems in life. Fewer problems equals…
Are you just starting out in property investment? What fee will you choose to pay? You’re probably hoping for none. In today’s show, we’re going to talk about learning fees that you could end up paying as a property investor. While some are obvious and paid-up front, it can quite often be the less obvious…
Consumer confidence overall has been very resilient to the lockdowns seen in NSW, VIC and the ACT. Despite an extended lockdown period for much of the country, consumer confidence had begun to increase according to ANZ-Roy Morgan, amidst revealed plans in NSW to reopen. With consumer sentiment lifting and business confidence in yesterday’s NAB Business…
What’s the outlook for the Australian property markets for the rest of 2021 and beyond? This is a common question people are asking now that our real estate markets are experiencing the challenges of lockdowns. However, despite a sequence of fifteen State or Territory lockdowns so far this year, property prices have been largely unscathed….
Australia’s property market has boomed over the past 12 months and the coronavirus pandemic and subsequent lockdowns have done little to curb the skyrocketing trajectory of property prices. Since the Reserve Bank slashed rates to a record low 0.10% in March last year, house prices have risen by 1% to 2% each month meaning property…
As property values increase strongly around Australia at a time when wages growth is minimal, affordability becomes more strained as house prices rose faster than the capacity of the typical household to repay a mortgage. We know that last year regional Australian property values grew stronger than capital city values, but this trend has since…
Why have you been so successful in reaching some of your goals, but not others? It turns out that even brilliant, highly accomplished people are pretty lousy when it comes to understanding why they succeed or fail. It’s not as simple as you are predisposed to success because you were born with certain talents or…