29/08/2024
We’re off to the races now. Up until recently, the market has lacked certainty on the direction of interest rates. Many economists thought we might have seen a hike at the last meeting. But that’s behind us now. Rate cuts are baked in. First up was CBA, that decided it could comfortably get ahead of the curve last Friday, and starting cutting rates for new borrowers:...
Rate cutting cycle has started
We’re off to the races now. Up until recently, the market has lacked certainty on the direction of interest rates. Many economists thought we might have seen a hike at the last meeting. But that’s …
26/08/2024
No B.S Friday: Don’t’ be afraid of frustration. “How’s it going Jon?” “Oh, I’m feeling very frustrated.” “Oh, I’m sorry to hear that.” “Don’t be. It’s great.” This is a conversation I made up in my head to make a point. And that point is that frustration is great, and its proof that your motivational mechanism is working as it’s supposed to....
No BS: How to channel frustration into energy
No B.S Friday: Don’t’ be afraid of frustration. “How’s it going Jon?” “Oh, I’m feeling very frustrated.” “Oh, I’m sorry to hear that.” “Don’t be. It’s great.” Th…
22/08/2024
It’s a tale of two cities. No, make that seven. It’s an interesting phase in the property market right now. The capital cities have been growing at very similar paces since Covid, but since about the start of the year, are now all over the shop. They’re doing very different things. At the monthly growth level, Perth and Brisbane are still charging ahead, while Melbourne has started falling....
The cities that are too hot and too cold
It’s a tale of two cities. No, make that seven. It’s an interesting phase in the property market right now. The capital cities have been growing at very similar paces since Covid, but since about t…
21/08/2024
No B.S Friday: It’s a discipline, not a prison sentence. I think most people misunderstand what positive thinking is actually about. What we are talking about (in my humble opinion) is disciplining the mind so our thoughts naturally run to optimistic, grateful and self-loving forms. A gratitude practice, for example, carves a groove through our neural pathways, so our thoughts just naturally flow towards gratitude, without any effort on our part....
No BS: What people get wrong about positive thinking
No B.S Friday: It’s a discipline, not a prison sentence. I think most people misunderstand what positive thinking is actually about. What we are talking about (in my humble …
15/08/2024
Big companies are posting their 2023 results. It’s a mixed bag for property. Earnings season has kicked off and there were a couple of interesting results that tell you exactly where the property market is at and where it’s going. First up, there is REA group – the mob behind realestate.com.au. And they reckon things are about as good as they get:...
https://knowledgesource.com.au/the-big-trends-driving-real-estate-business/
The big trends driving real estate business
Big companies are posting their 2023 results. It’s a mixed bag for property. Earnings season has kicked off and there were a couple of interesting results that tell you exactly where the property m…
14/08/2024
There really is very little hope for the housing shortage. I’ve been documenting Australia’s housing shortage for a long time now. And it really just doesn’t seem to matter what’s happening or who’s in charge – Australia’s housing shortage just gets worse and worse. And despite how bad things are RIGHT NOW, a couple of recent reports estimate the housing shortage is only going to get worse – all the way through to the end of the decade....
Housing shortage set to top 200K
There really is very little hope for the housing shortage. I’ve been documenting Australia’s housing shortage for a long time now. And it really just doesn’t seem to matter what’s happening or who’…
12/08/2024
In-case-you-missed-it Monday: the real stories that mattered in the financial papers this week. RBA talks tough, does nothing The RBA left rates on hold last week, as expected, but surprised markets with a more hawkish tone. According to the governor, there’ll be no rate cuts this year. Markets aren’t convinced. CBA for example, expects over 100bps of cuts by the end of next year....
ICYMI: Time to snag a bargain?
In-case-you-missed-it Monday: the real stories that mattered in the financial papers this week. RBA talks tough, does nothing The RBA left rates on hold last week, as expected, but surprised market…
11/08/2024
Melbourne continues to underperform. Is this why? A few months ago, I noted that the Melbourne property market was presenting us with a bit of a puzzle. So far in 2024, Melbourne is the only capital where prices are going backwards… While they’re up a whopping 13.5% in Perth. The puzzle here isn’t so much why Perth and Brisbane are doing so well, but why Melbourne is doing poorly....
Is this why Melbourne’s market is lagging?
Melbourne continues to underperform. Is this why? A few months ago, I noted that the Melbourne property market was presenting us with a bit of a puzzle. So far in 2024, Melbourne is the only capita…
29/07/2024
In-case-you-missed-it Monday: the real stories that mattered in the financial papers this week. I’m still on the French Riviera (sorry, not sorry), so I’ve got a collection of generally interesting charts I’ve collected for you today: I don’t Marriage rates around the world are tanking. In China, it’s largely a consequence of the one-child policy, but in other countries, it’s because we’ve figured out we hate each other (would be my guess)....
ICYMI: Why marriage rates are tanking
In-case-you-missed-it Monday: the real stories that mattered in the financial papers this week. I’m still on the French Riviera (sorry, not sorry), so I’ve got a collection of generally interesting…
28/07/2024
No B.S Friday: Change, and millionaires, are coming. There was a time there where if you had an apartment in Bondi, you almost couldn’t give it away. It’s one of the most famous (and expensive) suburbs in Australia now, but for a long time it was seen as a pretty rough place to live. And during World War II, people were genuinely worried about Japanese subs coming up the harbour and blowing the place up....
No BS: What the millionaire migrations mean for Australia
No B.S Friday: Change, and millionaires, are coming. There was a time there where if you had an apartment in Bondi, you almost couldn’t give it away. It’s one of the most famous (and expensive) sub…
25/07/2024
A rate hike in August? It’s not out of the question. It feels weird to say it, but there’s a decent chance we’ll get another rate hike in August now. And it’s weird because we’re quickly becoming the odd-man out. When you look at market pricing, pretty much every major economy is looking at 4 or more rate cuts over the next twelve months....
WTF? A rate hike in August?!
A rate hike in August? It’s not out of the question. It feels weird to say it, but there’s a decent chance we’ll get another rate hike in August now. And it’s weird because we’re quickly becoming t…
22/07/2024
In-case-you-missed-it Monday: the real stories that mattered in the financial papers this week. Investors are back! Housing finance data released last week showed that there were as many investor loans written last month as there were at the peak in 2022. Investors know what’s up. It also showed that even though there are some cheapish fixed rate mortgages about, very few people are taking out fixed rate loans right now....
ICYMI: Bots run riot on the internet
In-case-you-missed-it Monday: the real stories that mattered in the financial papers this week. Investors are back! Housing finance data released last week showed that there were …