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.
We’re currently at the halfway point of what I think will be — yet again — the greatest real estate boom of all time. Just like the last time — and the time before that. But even bigger this time. History suggests this is likely. As an Australian resident, you are in a front row […]
In today’s final guest essay, Catherine turns her attention to the future for Australian house prices…once this COVID crisis is behind us. She gives property buyers, investors, and developers an insight into when and where she believes the next leg of the Australian real estate boom will kick off…
These last few days we’ve been trying to get some clarity on the prognosis for the Australian property market. Australian real estate experts Catherine Cashmore and Callum Newman give us their take on what…
The US economy is teetering from high inflation. Iran goes into revolution and oil prices skyrocket. The price of crude more than doubles to $39.50 per barrel. Long lines appear at gas stations all over the US. A new Fed Chairman called Paul Volcker is installed to solve the national crisis. His remedy? Shock therapy. By […]
Since the stock market first took a dive in late February, everyone’s been asking us if we think the same fate awaits Australia’s property market. Well, for the last few days we’ve been trying to address this question on your behalf…
Since the stock market first took a dive in late February, everyone’s been asking us if we think the same fate awaits Australia’s property market. Well, this is the question we want to address for you…
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