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.
Today we reflect on the learnings of the late Sam Zell…a self-made billionaire who was dubbed the ‘grave dancer’ early on in his career after buying up distressed properties in the 1970s. That’s how he made his first killing. And right now could be the perfect time to channel some Sam Zell wisdom…
We must always view other cycles within the context of what is happening with the land cycle. As such, understanding what causes the cyclical nature of land prices is imperative to tracking other economic cycles. Read on to find out more…
I get many letters from property investors wanting to know when to sell their property investments. No matter what stage of life you’re at, the answer will always depend on what kind of real estate you’re holding. Even within the context of the boom/bust cycle — what you buy is far more important than trying to time the peak. Read on for my explanation…
The value of productive, well-located residential land is enduring. It’s important you understand this concept, because the price we pay for well-located real estate represents, quite literally, life and death. Those that monopolise the best locations, secure the difference between a healthy long life or early death…
The latest CoreLogic data is out for the month of April and — as we forecast since the end of last year — the market is turning in 2023. This means that the cycle is on track for a potentially strong run to the forecast peak around 2026.
The myths surrounding money, tax, and inflation are branded into the minds of the majority to protect the wealthy rent-seekers and confuse the masses. The mainstream narrative regarding tax revolves around the mistaken premise that we need to raise ‘revenue’ to fund programs like the NDIS. Equally, there’s no discussion of what we’re losing through mandated tax policies! Read on for mine…
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