Australia’s rental markets are tightening again, even though October’s asking rents offered tenants a little breathing space in several capitals. Meanwhile, another interest rate increase is adding to household pressures, with the Reserve Bank warning that inflation will take longer to return to target. Yet the weekend’s auction results were reasonably steady, and Melbourne once…
Australia’s housing downturn has picked up speed. National home values fell another 1.2% in October, the seventh consecutive monthly decline, leaving Cotality’s national index 6.7% below its March peak. In dollar terms, roughly $63,000 has been shaved off the value of the average Australian home in a little over half a year. What makes this…
Imagine putting your home on the market, rejecting an offer because you believe it’s worth more, and then discovering a few weeks later that you’re effectively prevented from advertising it at the lower price that you’re now prepared to accept. It sounds ridiculous, doesn’t it? Yet that’s precisely the situation some NSW property sellers could…
Imagine being told that an area has a housing shortage, the vacancy rate is low, a new train line is coming, and the property you’re looking at is below market value. They sound reassuring, which is exactly why they work so well. Over the years I’ve watched many hardworking Australians hand over their deposits on…
Australia’s property markets are continuing to adjust to higher interest rates, with the latest figures showing falling property prices, subdued auction activity and a growing number of properties available for sale. And with the Reserve Bank lifting the cash rate to 4.85% last week, its fifth increase this year, the pressure on borrowing capacity and…
At the start of this year the cheapest homes in our capital cities were the stars of the property market, outpacing their more expensive neighbours almost everywhere you looked. Then the May Budget landed, and within a few months that advantage had disappeared. A new analysis by Ray White chief economist Nerida Conisbee shows just…
Governments regularly announce rezonings capable of accommodating thousands of additional homes. But zoning does not install a sewer, enlarge a substation, upgrade an intersection or construct a stormwater system. Australia’s housing debate has concentrated heavily on approvals. The next supply constraint is increasingly the gap between land that can theoretically accommodate housing and land that…
Want the real secret to success? Not the kind that sells in 30-second soundbites or flashy headlines. I mean the real, gritty, behind-the-scenes truth that separates those who consistently win, whether in business, investing, parenting, sport, or life, from those who don’t. Because here’s the thing… Over my decades in business, property, and personal development,…
Australian home values have now fallen for seven months in a row, auction clearance rates are stuck in the 40s and some economists are describing this as the biggest property downturn in 40 years. So it’s no surprise that the question I’m being asked most by investors right now is when it will all end….
Most investors think good investing is about finding more things to say yes to. More opportunities, more asset classes, more products in the mix. In my experience, the opposite is true. The investors who build the most wealth over a lifetime are the ones with the discipline to say no, repeatedly, to almost everything that…
