You’ve heard every stereotype going around about property investors. Some commentators paint us as reckless speculators piling into debt we can’t handle, while others imagine a nation of mum-and-dad battlers gambling their super on a rental property they barely understand. The truth, according to the most comprehensive dataset the Reserve Bank has ever had access…
There is no doubt that our housing markets are facing challenges from all directions, but clearly they have remained more resilient than the property pessimists had predicted. To better understand what’s happening, this monthly collection of charts from Cotality paints an interesting picture. According to Cotality, Australia’s most expensive homes are leading the housing downturn, with upper-quartile…
Zig Ziglar was one of my early mentors. He was one the most effective motivational speakers and authors of his generation. I remember that I wasn’t really sure about the concept of motivational messages when I first came across Zig Ziglar – but then I heard him say: “People often say that motivation doesn’t last. Well,…
Most of us like to believe we make rational decisions about money, property and our future, yet our choices are often guided by something much more powerful than logic: the desire to feel safe. We gravitate towards familiar options, follow what others are doing, and avoid decisions that make us uncomfortable. Unfortunately, what feels safe…
Have you ever looked at the latest inflation figures and wondered whether economists are living in the same country as you? We’re told inflation is running at three or four per cent, yet electricity bills have surged, council rates keep climbing, insurance costs more, rents have risen sharply and mortgage holders are paying thousands of…
Australia is entering the largest intergenerational wealth transfer in its history, yet many families are preparing for it with little more than a signed will and a vague promise that everything will work itself out. And that is a risky assumption because wealth rarely moves neatly from one generation to the next, particularly when the…
Over the years I have seen many people think about getting rich, proclaiming affirmations, visualizing and meditating yet they don’t get rich. Let’s be realistic… to get ahead in the real world you have to take action. Why is it that most people don’t take action? Sometimes it is a lack of knowledge, but more…
Everyone says they want housing to be more affordable. Politicians campaign on it, journalists write about it, and young Australians desperately need it. But after watching our housing markets for over five decades, I’ve come to believe that most of the people saying it don’t actually mean it – at least not when they understand…
My favourite financial author is Morgan Housel. Here are nine of his best quotes for financial success: 1. More people wake up every morning wanting to solve problems than wake up looking to cause harm. But people who cause harm get the most attention. So slow progress amid a drumbeat of bad news is the…
Have you noticed that Australians seem to have become a little more short-tempered lately? You see it in the supermarket queue when someone takes their frustration out on a teenager behind the checkout. You hear about parents abusing teachers, nurses dealing with aggressive patients and relatives, and even junior football umpires needing escorts to protect…
