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The downtrend in our property markets continues as buyer and seller confidence wanes. Auction clearance rates continued to slide this weekend, not helped by the rebound in the number of properties listed for sale by auction. The national auction market reported a 2-year-low clearance rate of 62.7% at the weekend which was below the 67.3%…
It takes time to build financial freedom, but if you only have a short timeframe ahead of you to build your nest egg, all is not lost. A number of years ago I was asked by Your Investment Property Magazine to devise a strategy for success to help readers James & Elizabeth. Here’s what I…
Government officials, experts, economists, and even the media are consumed by Australia’s surging inflation. And it’s not surprising given headline inflation is now over 5% for the first time since 2001, and isn’t showing any signs of slowing. In fact, Reserve Bank of Australia (RBA) Governor Lowe recently appeared on the ABC and told us…
We dream of it, we work for it, and sometimes we even plan for it – but can the average Australian really develop financial independence? The simple answer is YES – because if others have achieved it so can you. I’ll let you in on a little secret… wealthy people don’t do different things; they…
It’s important to have rich children. There I said it. Now, before you tell me there are more important things in life, let me clarify what I mean. Rich children grow into adults who are wealthy, yes, but they’re also resilient, curious, independent and compassionate. Being rich is about wealth in all facets of our…
Auction clearance rates were slightly higher this weekend, but there were significantly fewer properties for sale by auction this weekend than normal. It’s the first weekend of the school holidays and that always means less auction activity But, once again,the media was full of negative messages this week, yet consumer sentiment bounced back a little…
Play this important message from Michael Yardney Are you wondering what will happen to the Brisbane property market in 2022?? Well… Brisbane was the strongest property market in 2021 exhibiting astonishing growth, with many locations experiencing 30+% house price growth. And even though growth is slowing in other parts of Australia, Brisbane’s housing markets are…
A lot can happen in one week in our property markets, can’t it? So here’s a look back at some of the things I read or learned this week, that I believe you should also know. 1. Housing investor demographics Property researcher Michael Matusik recently gave a great summary of Australian property investor demographics. About…
During the recent property boom Melbourne’s housing values did not grow as strongly as other capitals, but remember…we were locked down in a Covid Cocoon for 260 days. But then, in the second half of 2021 property values increased in almost every part of Melbourne – and that’s very unusual. So far this year the…
A 40-year high in inflation, rising interest rates, talk of our property markets crashing, and our economy falling into recession. Then there’s Russia’s war with Ukraine. A spike in energy prices, a skyrocketing jump in the price of oil; supply chain problems. Excessive government spending; exploding government debt. A huge increase in the nation’s money…
