Australia’s unemployment rate has risen again, even as the country added jobs. At the same time, fewer overseas students are coming into our education system, raising questions about demand for rental accommodation. Neither development gives us a simple forecast for property prices. But together with this weekend’s auction results, they show why buyers and investors…
Australia’s housing debate seems to offer us two choices: a detached home on an increasingly unaffordable block of land, or an apartment in a large tower. Between those two forms of housing is what planners call the “missing middle”. This includes duplexes, terraces, townhouses, maisonettes, courtyard housing and small low-rise apartment buildings. They provide more…
Both buyer and seller sentiment have weakened this week with the anticipation of another interest rate rise from the RBA this month, resulting in continuing softening of Australia’s property markets, but the headline numbers disguise very different conditions across the country. Capital city dwelling values fell 1.1% over the past month and are now 1%…
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. Let me explain… In 1999, psychologists David Dunning and Justin Kruger published research finding that people with limited knowledge…
Australia will have almost 40 million people by 2066, our economy will be more than twice as large and average real incomes will be considerably higher. Yet beneath those reassuring headline numbers, Treasury’s latest Intergenerational Report describes a country that is growing more slowly, ageing rapidly and relying heavily on migration, productivity and housing policy…
Albert Einstein’s theory about how fast the universe is expanding has been proved correct by British scientists who praised his “incredible accuracy”. He was always known for his insightful words, so here are 10 of his best quotes. 1. A person who never made a mistake never tried anything new. 3. Science is a wonderful…
If you had $1 million to spend on property investment in Australia today, where would you invest it? What location would you buy in, and why? And what about if you only have $500,000 to invest? Where is the best place to buy an investment for this budget? What are the top 10 hotspots now…
For the last 20 years, one of the defining stories of Australian housing has been the rise of the apartment. Look at the skylines of Sydney, Melbourne and Brisbane and you can see the evidence everywhere. Cranes filled our CBDs, high-rise towers appeared around transport hubs and former industrial precincts were transformed into dense residential…
Twenty years ago I wrote a book that I honestly thought would sell a few thousand copies to friends and colleagues. Instead, it became Australia’s best-selling property investment book, and it’s sat on the bookshelf of tens of thousands of investors who’ve gone on to build genuine wealth using the strategies inside it. Today we’re…
In this episode I speak with Scott Chapman, Managing Director of Opteon, about the signals shaping Australia’s property markets. We examine how the current downturn compares with previous cycles and why Sydney and Melbourne are experiencing different conditions from other markets. We explore how interest rates, lending restrictions, buyer sentiment, open-home attendance and auction results…