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 indices are flying, suggesting that the worst may be over for our pandemic-led downturn. And, more importantly, that the property market may be the key to getting our economy back on track…
‘Strap yourself in and keep your hands in the vehicle.’ So said a trader mate of mine a week or so before the election. His custom-made algorithm saw a period of high-risk and unpredictability. My bias was to assume the risk was to the downside. As usual, the market couldn’t care less what I think […]
It has unquestionably been a good week for REA Group Ltd [ASX:REA]. The digital property platform has closed each day higher than the last. The REA share price, climbing from $118.27 per share to $130.12 per share from Monday morning till now (Friday afternoon). In fact, the stock is now closing in on its all-time […]
Centuria Industrial REIT [ASX:CIP] is having a pretty good October. Ever since the start of the month the stock has been on the up. Making headway after its bold bid for a Telstra data centre in early August. Today, it has provided a new update on its Q1 FY21 operations. Highlighting their progress in bringing […]
Today’s Daily Reckoning Australia begins with a hat tip to an old colleague: Chris Mayer. Chris is now a fund manager in the US. For 10 years he wrote an investing newsletter for the Daily Reckoning’s parent company. Why does he return today to these pages, in spirit if not in name? Last week Chris […]
With the Australian property market, it seems one day the sky is falling, the next you should buy everything in sight. So today we are going to take a look at what’s happening with A-REITs at the moment. I think part of the wild swings in sentiment and headlines is a direct result of how […]
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