When you read articles about Australian housing affordability, it is often comparing the single average adult wage to house prices, from generations ago.
The articles generally say something like, ‘a house was worth three times the annual average wage back in the sixties and is now worth 10 times the average wage. This shows housing has become unaffordable.’
You can’t compare the two because back in the sixties it was one wage bidding on real estate.
I reached out to Steve for an interview after watching the charade a week or so ago, as RBA Governor Philip Lowe was pulled up in front of the Senate to explain how jacking up interest rates will supposedly control inflation. In the upcoming video interview, Keen is going to dispel this myth — and others surrounding the current economic narrative.
In today’s Land Cycle Investor, Catherine chats with finance and property guru Pete Wargent about the economy and the property market, as well as their outlook for 2023. Read on to access the interview…
In today’s Land Cycle Investor, find out how transportation increases the economic rent of land…but can just as easily steal some of it back. As such, Australia’s tollbooth Transurban is going to benefit from Australia’s population Ponzi policies in the years to the peak. That will keep land prices elevated with incoming demand while available supply remains constrained. But they won’t stop there…
In today’s Land Cycle Investor, with news that Australia’s immigration could surge this year, coupled with record low vacancy rates, the investment company Blackstone want to expand further into Australia’s build-to-rent sector. If you’re not familiar with build-to-rent, it is the corporatisation of the rental market. Properties that are designed and constructed to be used exclusively for rental accommodation. It’s been tipped as one of the biggest commercial asset hits. So it’s time to decide…do you want to be a renter or a rentier?
In today’s Land Cycle Investor, ABS data shows we are on the brink of a building boom. There’s just not enough stock on the market right now. And if folk can turn their heads away from the doom and gloom ‘property crash’ headlines still hitting the news, they’d see the dynamics in the property market have already started to change due to this…
Everywhere I look, I’m supposed to see a recession, except it doesn’t show up. We have retailers reporting cracking results, low defaults across the banks, and a roaring share market. But there are still plenty of stocks trading at cheap valuations, even with the general market a whisker off all-time highs. Property-related stocks are one of those sectors…
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