You’re Wrong about Property. So Is Everybody Else!
Because by understanding what Callum is saying, you’ll begin to understand why property could continue to boom for the next five years!
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.
The days of Dad going off to work, while Mum tends the children are long gone, just like the black and white TVs of that era.
It is now usually at least two incomes bidding on Australian real estate, land price has quickly factored that in. So you can’t compare the two figures.
These days you need to find historical figures for combined household income and compare the two.
When you do that you may find housing affordability hasn’t run away at all, but is simply keeping pace with wages.

Because by understanding what Callum is saying, you’ll begin to understand why property could continue to boom for the next five years!

no longer questioning the government, but parroting its claims and assertions, no matter how absurd. It became a partner to power, not the public’s gadfly.
By Bill Bonner,

You might be surprised to hear how positive I am about real estate. You only need to take a look at the financial press to see why…though, the connection is not always obvious.
By Callum Newman,

Of course, cycles are everywhere in life, and another area where we see cycles is commodities. The way commodity cycles go, there’s first usually an increase in demand where supply can’t keep up.
By Selva Freigedo,

If you’ve missed any of these moves, charts like that probably sting. When you’re on the outside, it can feel like everyone is benefitting but you.
By Callum Newman,

And here’s the best part: there IS a specific playbook you can use to potentially profit from the next phase of the cycle.
By Callum Newman,
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