I keep careful track of consumer confidence because it’s a good indicator of what’s ahead for our economy and property markets. And currently, consumer confidence is up by 1.8pts to 87.8 – the highest in nearly four months since late May this year. This increase has mainly been driven by improving sentiment in regard to…
With so many mixed messages currently surrounding property I thought I should give you some insights based on my close to 5 decades of experience in property and having built what some would suggest is a very substantial property portfolio. According to our big banks, Australians must brace for the worst housing correction on record…
![[Podcast] Australia’s aging population crisis is almost upon us, with Simon Kuestenmacher](https://cdn.propertyupdate.com.au/wp-content/uploads/2022/08/MY-podcast-392-whats-ahead-forecasts_Simon-Kuestenmacher-06-270x200.jpg)
If you’re a regular listener to this podcast, you know that I often say demographics will drive our destiny, not just with regard to property, but for Australia and the world as a whole. In today’s podcast, I chat with leading demographer Simon Kuestenmacher about the composition of Australia’s population moving forward. It seems we’re…
Apparently, he talked about how feel-good, politically correct teachings created a generation of kids with no concept of reality and how this concept set them up for failure in the real world. Anyway…here are his 10 life lessons: Rule 1: Life is not fair – get used to it! Rule 2: The world won’t care…
Property prices have fallen from their peak around the country as consecutive interest rate hikes increase lending costs and dampen demand. But while price falls are widespread, some suburbs have bucked the trend. The sea- and tree-change trend has seen many Australians move to lifestyle or coastal suburbs where homes are larger and more affordable….
They say hindsight is 20:20 – and that is certainly true when it comes to property investing. Most of us start out without much knowledge behind us and only realise we are making mistakes when it’s too late to do much about them. Here’s a list of seven things I wish I’d known when I…
We are living in ‘interesting’ times, aren’t we? With inflation being the highest it’s been for years, interest rates rose again this month and people are wondering how high they will go, plenty of stocks are down, and the war in Ukraine continues, supply chains are broken, the pandemic is lingering, China is in lockdown,…
![[Podcast] A new tax for Property Investors + Common mistakes to avoid with Ken Raiss](https://cdn.propertyupdate.com.au/wp-content/uploads/2022/09/Podcast-cover-part-7-1-270x200.jpg)
While property investing may be simple, it’s not easy, and that’s not a play on words because many investors end up paying a huge “learning fee” or “Stupid Tax,” as I like to call it. That’s because successful property investment comes down to much more than just knowing what you need, knowing what you can…
![[Podcast] Will inflation and rising interest rates put an end to our booming economy? With Dr. Andrew Wilson](https://cdn.propertyupdate.com.au/wp-content/uploads/2022/09/MY-podcast-401-270x200.jpg)
According to the latest statistics from the ABS, our economy is roaring along. The most recent data, which unfortunately is backward looking to the June quarter, showed that as Aussies were released from their lockdown shackles, we spend more on ourselves, growing the economy strongly. But since then, the Reserve Bank has raised interest rates…
Reserve Bank governor Philip Lowe says he wouldn’t be surprised if house prices came down by 10 per cent as higher interest rates bite. Now that’s nowhere near as dire a prediction as made by those perpetual property pessimists and much more realistic in my opinion. In fact, we’re probably halfway there. Dr Lowe says…
