Let’s be honest – if Australian politicians really wanted housing to be affordable, it would be by now. They’ve had decades to fix it. There have been inquiries, commissions, roundtables, and countless election promises. Billions have been thrown at “affordability schemes.” And yet, what do we have to show for it? Record-high property prices, with…
How are Australians managing the rising cost of living and housing? Well, new research from Money.com.au reveals that 23% of Aussies have asked or are considering asking for an early inheritance from their parents or grandparents to help cope with the rising cost of living. The data highlights that among this group, almost half (47%)…
Cotality’s national home value index rose 0.7% in March, taking dwelling values 2.1% higher over the first quarter of the year. At the national level, the pace of gains is easing, reducing from a 2.8% increase in Q4 last year, but housing outcomes are increasingly diverse from city to city and across the pricing spectrum….
Just when many borrowers thought the worst of the rate hiking cycle might be behind them, Westpac has thrown a curveball, signalling we could be heading into a far more prolonged and painful phase of tightening than most expected. Well, Westpac has upped its cash rate forecast for the year, tipping the RBA will deliver…
This week is part 2 of our 3-part series on The Seasons of Life. In Part One of the series, I stated: a) That life is about constant, predictable patterns of change. b) For all of us, the only constant factor is our feelings and attitudes toward life. c) We as human beings have the power…
You’ve probably noticed your social media feed is full of new “property experts.” Twenty-somethings showing off cars, watches, and “instant success” stories — all promising to help you get rich in record time. But property doesn’t work like that. What they don’t tell you is that property isn’t a sprint; it’s a marathon. Today I’m joined by Ken Raiss, and together we unpack why real wealth is built slowly, strategically, and…
Capital city home prices have continued to rise over March despite another increase in official interest rates and growing uncertainty over the outlook for inflation and the global economy. The national capital city median house price increased by a solid 0.9% over the March quarter to $1,296,402 compared to the February quarter, according to the…
One of the most persistent myths in Australian housing is the idea that high and rising house prices are caused by “not building enough.” It gets repeated because it sounds simple, logical and convenient. But it’s wrong – and the data, including my own charts, shows why. Let’s start with scale, because this alone exposes…
A drawn-out war in the Middle East could add an extra 5% to existing inflation in Australia, our new modelling shows. We looked at the likely impacts of two different scenarios: a moderate disruption with the war ending in mid-April, and a drawn-out war ending by September. We found higher fuel costs would affect freight,…
We are not born with courage, but neither are we born with fear. Many years ago, one of my early mentors, the late Jim Rohn, taught me a lesson that has stuck with me ever since. He said that the biggest obstacles to success aren’t usually external. They’re internal. In fact, he spoke about what he…
