A lot has been written about the good fortune of ‘baby boomers’ in that, overall, they have enjoyed a long period of economic, share market, and property market prosperity. Whilst they haven’t enjoyed the full benefit of compulsory super (which only began in 1992), other assets such as property have certainly compensated for that. This…
What has been the single greatest obstacle stopping you from becoming financially free? Why do I ask? Well… at the end of last year at a private client function I had the good fortune to have conversations with a number of our Wealth Retreat graduates. I was talking with them about their experiences since attending…
I like to think that I am mostly an optimistic person. I tend to believe things will work out. Impartial scientific analysis of the world over the last 5,000 years tends to support this thesis. I also believe that to be a good investor you have to be optimistic – you have to have an…
Over the past year we’ve been told affordability would cap prices, that demand would fade, that higher costs of living would finally slow housing down. And yet, here we are – national home prices finishing the year almost 10 per cent higher, with some capital cities recording extraordinary double-digit growth. So what really happened? In…
Australia is standing at a demographic and economic fork in the road. Over the next decade, millions of baby boomers – the post-war generation born between 1946 and 1964 – will leave the workforce. We’re not just talking about a few quiet retirements and goodbye morning teas. What’s unfolding is an unprecedented exit of skill,…
Affordability is one of those slippery words that gets thrown around, but there are a few accepted ways analysts and policymakers measure it. They fall into three broad camps: price/rent to income ratios, repayment/rent burdens, and residual income tests. And whilst there are warts on all methods I like to use price or rent to household income…
No matter what you do, time marches on. It is the one constant in life. In six months you will be six months older. During those six months, what will you have done to improve the circumstances of your life? What projects did you complete? What initiatives did you pursue? What knowledge did you gain?…
Renters saw some welcome relief in December, with the rental vacancy rate rising from 1.5% to 1.6% through the month. However, the vacancy rate is still close to record lows, and the subtle rise could have more to do with seasonal factors through December than an actual loosening in rental conditions. The higher vacancy rate…
Why is it that another year is now behind us, and so many smart, capable Australians still feel frustrated about their financial progress? It’s not because they lack intelligence. It’s not because the market “wasn’t right”. And it’s certainly not because “property doesn’t work anymore”. More often, it’s because we tell ourselves stories that feel…
To help you in making this a great year, I’d like to share with you the importance of having a growth mindset. I want you to think back…way back in time. Go back to the days when you were a child. You there? Now, I want you to think about what you didn’t know as…
