We are currently witnessing what could be described as the greatest wealth transfer in modern history. As the baby boomer generation begins to age, a massive amount of wealth is being transferred to the subsequent generations. Over the next decade, this generation, who rode a wave of economic prosperity for decades, is forecast to pass…
In the world of property investment, a troubling phenomenon often rears its head: the Dunning-Kruger Effect. You see.. when it comes to money, seemingly rational people don’t always act rationally. We are subject to cognitive biases. Let me explain… In 1999, psychologists David Dunning and Justin Kruger published research finding that people with limited knowledge…
Over the past few years, the Australian property market has seen a pronounced disparity in price growth between houses and units. Historically, houses have always commanded higher prices and demonstrated superior value growth compared to units. Data from the last four years confirms this trend overwhelmingly. However, recent developments indicate that this gap may be…
Australian dwelling values increased a further 0.7% in June, taking growth to 8.0% across FY2023-24. This is the equivalent of a $59,000 increase to the median dwelling value in Australia, which is now $794,000. The annual rise was in stark contrast to the FY2022-23 when CoreLogic’s national index was down -2.0%. In that year, annual growth…
What would Warren Buffett say about how I approach my property investing? And why do I even care? Well… Buffett who is 93 years old is consistently ranked amongst the world’s richest people, is arguably the most successful investor of the 20th and 21st centuries, and has an estimated net worth of $117 Billion. This…
Australia’s housing crisis has become a fierce political battle that could have major implications for the next federal election. As I see it, the fierce battle over housing is set to intensify and define the next federal election as Labor, the Coalition and the Greens target a growing cohort of voters who believe they’ve been…
Believe it or not, we’re almost half way through 2024, and our property markets are surprising many on the upside. Of course, each year brings its own set of wins, challenges, and lessons to learn and looking back at last year – 2023 – this was certainly no exception. So it’s a good time to…
We’re now 16 months in to a new property cycle. Early in 2023 our housing markets reset, and property values started rising, despite the fact that the RBA kept raising interest rates. So what happened? What changed? And what does it mean for the future of our property markets? To help understand what’s ahead and…
It’s a bold statement, but it’s true. For some of you who are reading this right now, 2024 will absolutely be the worst possible time you could consider buying a property. There is the spectre of interest rates and inflation remaining higher for longer than we hoped, the continual media coverage predicting economic challenge, some…
In an unexpected turn in the Australian property market, Adelaide and Perth are now nearly as pricey as Melbourne for the first time in up to 15 years, according to recent data. According to the latest CoreLogic Home Value Index, Adelaide’s median dwelling price jumped to $734,173 in March, a 1.4% increase, while Perth’s median…
