There are not many economists talking up the property market right now. But one figure that thinks things are more likely to improve than trend lower is Dr Cameron Murray.
Dr Murray is a Postdoctoral Research Fellow in the Henry Halloran Trust at The University of Sydney.
He’s also the author of the excellent book Game of Mates and the second edition of that book, Rigged.
These are the books you need to study if you want to uncover the tricks of Australia’s super-rich.
Namely, rent seeking.
After all, this is why we have a land cycle, a commodity cycle, a credit cycle, and, ultimately, a volatile business cycle.
Australia’s economy is built around it.
More than 80% of today’s wealthiest Australians have made their fortunes speculating on property, mining, banking, superannuation, and finance — gaining favourable property rezonings, planning law exemptions, mining concessions, labour law exemptions, and credit creation powers.
If you want to free yourself from wage slavery, you have to learn the game of Monopoly as they have.
There are few who understand the property market and the drivers behind it as Dr Murray does. This is why I reached out to him to discuss what’s ahead for 2023.
Tune in to hear why Cameron believes Australia will avoid recession in 2023 and why we still have some way to go in this cycle before we see a *crash* in property values.
You can read more of Cameron’s work and fresh economic thinking at his Substack.
Editor, Land Cycle Investor
PS: Due to the festive season, Land Cycle Investor will have a break in its publishing schedule next week. We will be back to our usual schedule on Tuesday, 3 January 2023.