Australia’s economy and our property markets don’t operate in isolation, so I believe it’s good to regularly have a look at the big picture, the macroeconomic factors affecting not just Australia’s economy, but the world economy to help us understand what’s ahead for us. I do this once a month in these Big Picture Podcasts…
Sometimes rich people lose their wealth. Things can go wrong. Sometimes those things that go wrong are outside the control of the wealthy (i.e. random bad luck) but more often than not they are things that are completely within their control. As a CPA, I’ve been advising wealthy individuals in money matters for more than…
The economic fallout of the Covid-19 pandemic saw mass job losses and plummeting incomes — but it was an entirely different story for Australia’s billionaires. While 99% of people across the world are financially worse off since the virus began, Australian billionaires “have had a terrific pandemic” with their wealth rocketing over the past two…
Have you played Monopoly recently? Monopoly has been a classic board game for over a century. It’s a real estate trading game played for fun… and for a chance to be a real estate tycoon. I recently played with some of my grandchildren, and while it annoyed me that I wasn’t able to borrow to…
The saying “you don’t know what you’ve got ’til it’s gone” reminds us not to take things for granted. It is often when we no longer have something or someone that we recognise the value of what we’ve lost. This is true of international students in Australia whose numbers halved during the pandemic. Can hindsight…
We are moving into the next stage of the property cycle. After just over a year of very strong property price growth, where the value of many properties around Australia increased by more than 20%, our real estate markets are now facing some headwinds. Affordability is starting to price some buyers out of the market…
Well, our property markets are up and running for 2022 and already there are mixed messages in the media about what’s ahead. But today you’ll get some clear indication from Australia’s leading housing Economist Dr. Andrew Wilson, whose forecasts have proven to be very correct. I don’t know if you’ve noticed seem to be two…
It’s so important to set up the right structure for your property investments at the beginning of the deal. If you don’t, you could needlessly cost yourself thousands (or even hundreds of thousands) of dollars in lost profits. My friend is in the very fortunate position of owning his property outright. The problem? It’s an…
It would be nice to think Australia’s low unemployment rate – now 4.2%, the lowest since August 2008 – is here to stay. We’ve been waiting a long time to see this. In the decade before the onset of COVID-19 the jobless rate hardly moved. In March 2010 it was 5.4%. Ten years later, in…
We could all do with more cash in our pockets, right? I mean, who would not want an extra $10,000 or $20,000 every year. While this may be beneficial, even after tax, ask yourself… would it change your life? I would highly doubt it, but I do feel it is the reason many investors chose…