We currently have a shortage of houses for rent or to buy, and this is causing prices to rise and rents to skyrocket and the housing crisis, the likes of which I’ve never seen in my 50 years of investing. Of course, the main underlying factor leading to this challenge is that we are not…
There’s a noticeable shift in the Australian rental market with high income earners squeezing lower income earners in the rental market, according to a paper by the Australian Housing and Urban Research Institute (AHURI). Higher-income earners, those making $140,000 and above per year in 2021, grew from 8% of the private rental market in 1996…
When you think about the word “free” what does it mean to you? For some people, it means the freedom to do whatever they want — whether that’s financial freedom or having no ties so you can travel the world. For others, “free” means something that costs you no money. But, of course, nothing in…
With Australia’s population moving through the fastest rate of growth since the 1950s, our cities and towns are naturally densifying. At a national level, the population density of 3.5 people per square kilometre (sq. km) is among the lowest in the world, highlighting our highly urbanised population where half the populace lives in the three…
What lies ahead for Australia in the next 10 years? Well, Simon Kuestenmacher highlighted a chart that is pivotal when forecasting the next ten years in Australia in his column in the New Daily. Its simplicity belies its significance in understanding our nation’s future housing demands and consumption shifts. It juxtaposed Australia’s current demographic profile…
Recently one of my nephews, who has suddenly taken an interest in the property, asked me: “You’ve been investing for a long time – If you could go back 40 or 50 years, what would you have liked to know then that would have made you do things differently?” Now that’s a great question, isn’t…
Australia’s housing market has become harder for first-home buyers to access over time. The past two decades saw an increase of around 150% in the CoreLogic Home Value Index nationally, compared with an 82% rise in the ABS Wage Price Index. As a result, the wealth of property owners looking to buy their next home…
Common wisdom seems to suggest that you should diversify your investments. But is this correct? In my opinion, it is wrong, in fact, I remember reading Napoleon Hill’s great book Think and Grow Rich many years ago where he also said that successful people specialise in one area they don’t diversify. On the other hand,…
How do I invest? What approaches do I use and which strategies do I use? Those questions were recently put to me by a journalist wanting to write a feature article. He also asked what’s been the “secret” to my success in building a very substantial property portfolio and having succeeded through multiple property cycles….
There are 2,640 billionaires globally, with a total net worth of $12.2 trillion, according to the 37th annual Forbes list published in 2023. And Australia is home to 139 of them. The thing is, each of these billionaires – whether they rocketed to success due to property, the stock market, business or even mining -…
