Ever noticed how everyone suddenly becomes a property expert the moment you mention you’re an investor? You know the lines: “My cousin bought three places in six months”, “The bloke at work says mining towns are the future”, or the classic, “Just buy something close by so you can drive past it.” It’s well-meaning. It’s…
“Keep all your eggs in one basket, but watch that basket closely.” – Warren Buffett This is one of Warren Buffett’s most famous quotes. It is also one of the worst pieces of advice for anyone who is working on becoming rich. My dad inadvertently took this advice with his own financial empire, and in one…
You’ve probably heard the media, politicians and economists talking about “the inflation rate” as though every Australian is experiencing the same increase in their cost of living. But the official CPI figure may bear little resemblance to what is happening in your household. Because here’s the uncomfortable truth. That headline number is an average. It’s…
Tomorrow we’ll get the latest figures on inflation in Australia. That data will be critical in helping the Reserve Bank of Australia decide whether to lift interest rates again next month. Answering questions at a lunchtime speech today, RBA Governor Michele Bullock noted “inflation is still too high”. Yet many Australians are confused about how…
There’s a headline doing the rounds right now that’s being used to stir up generational resentment, and I think it deserves a more balanced read. A recent article in The Age revealed some striking data from the Australian Taxation Office showing that older Australians – particularly those over 60 – have dramatically increased their share…
The reaction to the May Federal Budget changes to negative gearing has been predictable. Many commentators are arguing that investors will now flood into off-the-plan apartments because the tax incentives increasingly favour new homes over established dwellings. Maybe. But I think many are looking at the wrong end of the telescope. The fundamental question isn’t…
If you asked Australians whether they feel more financially secure today than they did five years ago, I suspect most wouldn’t need to think too hard before answering. Then a new research from Money.com.au revealed that 52% of Australians, equivalent to 11.5 million people, expect their Census 2026 responses to show their household is financially…
Have you got the skills to make it as an entrepreneur? We all want the wealth and contentment that comes with great success, but the truth is, it takes a certain kind of person, with a certain skill set, to make it as an innovator. I’m not a believer in fate defining your fortune. We…
Most investors think the goal is to eventually build a portfolio that throws off enough passive income to live on. It sounds sensible, doesn’t it? Buy assets, collect the rent or dividends, and one day replace your salary. But what if that idea is not only outdated, but mathematically inefficient? What if chasing income too…
Sydney just had its worst auction weekend since April 2020, and if you’ve been wondering when this slowdown would start showing some real teeth, that’s your answer. Australia’s property markets have clearly changed direction over the past couple of months, with Cotality’s Home Value Index showing values have now fallen around -0.8% over the last…
