Maybe interest rates will move up earlier than I first expected RBA Governor Lowe seems to have changed his views when he spoke on Recent Economic Developments at the AFR Business Summit. Lowe said Australia’s envious economic performance through the final months of 2021 has collided with natural disasters and the unpredictable impact of Russia’s…
Last week I was shocked to read the headline “Property prices set to tumble 15% as Ukraine crisis bites.” It seems like the media and many commentators are looking for an excuse, any excuse, to explain why our property markets are going to crash. But now AMP has come out suggesting the fallout from the…
Generally, you don’t pay capital gains tax (CGT) if you sell the home you live in (under the main residence exemption). And in return, you can’t claim income tax deductions for costs associated with buying or selling your home. But sometimes things change. You rent out your home for a while, you subdivide your property,…
2022 promises to be a fascinating year in real estate. While we will not see the same level of overall price growth in 2022, there will still be a substantial uplift in property values over the year. The difference this year is that the markets will be fragmented. Last year was relatively unusual – we…
What’s happening on the other side of the world is horrific, and the humanitarian and economic impact will be long-lasting, but what will it mean for Australia’s economy and our local property markets? Only yesterday I was shocked to read the headline “Property prices set to tumble 15% as Ukraine crisis bites.” It seems like…
With two months of data under our belt, the picture for property market is becoming clearer. Last year, property values increased almost everywhere, often by double digits. However, that’s not how our property markets typically work or what you should expect of them this year. Moving forward, you can expect the Australian property market to…
I was reading a blog written by my good friend Tom Corley the other day and it was about success, and it made me think about success, what it means and how you achieve it. Now, if you’re a regular listener to my podcast, you know we mainly talk about property, but if you think…
Another week, another fresh take on where the housing market is going. In the past month, all our major banks have changed their outlook for house prices and are now predicting the biggest housing crash in decades. Economists at Commonwealth Bank and National Australia Bank are forecasting house prices to fall by 10% next year…
Where are our property markets heading in 2022? Now that we’ve got two months of data under our belts the picture is becoming clearer. Last year property values increased in almost every location around Australia, and that’s very unusual. Around 98% of locations across Australia recorded price uplift; most had double-digit growth and the value…
One of the big separators between the rich and the non-rich is the rich have developed the Rich Habit of taking action. Action is really two things: Thinking Action Physical Action Thinking Action We all think. According to Psychology Today, the average person has 50,000 thoughts a day. According to my research, the Thinking Actions of…