Eat, Pray, Love, Pay Rent
We all know people love bad news. We love bad news. Why? It creates opportunity. As Buffett says “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful”. Show More
Property goes down when rates go up, right?
Not really. Show More
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Property inventory is rising
In assessing the property price outlook, it’s really just looking at first principles of supply and demand. From my perspective, there’s no ‘ah-ha’ statistic or ‘bucket of dead canaries’ as such. However, CoreLogic recently released figures that showed that across Australia’s capital cities there is 4.4 months’ worth of properties... Show More
The Only Australian Value REIT
Heather Ridout (Australian Super Chairperson) has been banging the table on gender diversity at the board level of Australian companies, and right she should. Only 22% of Australia’s top 200 listed companies have women on their board – not a majority, not the Chair, just at least one – and... Show More
Don’t get hung up on property 'headwinds'
We constantly hear about the headwinds facing retail property. The headwinds, the headwinds, oh the headwinds – it’s like Tim Bailey got caught on loop. Lets face it, there aren’t many businesses that aren’t operating in headwinds - it’s called competition, it’s called capitalism – and for all those pedalling... Show More
My Kids Can't Afford The Rent
There’s a residential real estate affordability problem (I’m not fond of the word ‘crisis’ because not many things really are a crisis) in this country. Affordability, no matter what the good or service, is generally due to scarcity, or to put it another way demand supply imbalance. How do you... Show More
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Bad year ahead for residential property
My outlook for Australian residential property in 2017 is that it is NOT going to be good year. We’ve had a monumental rise in the sector over the last 3 years. Sometimes this kind of run can go on for a fourth year, but the gradient is concerning. Like with... Show More
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Uber - Driving Property Prices Up
The “Uberisation” of the world is creating planning outcomes that are reducing the requirement for ‘in-block’ car parking. This is driving up the demand for inner ring real estate where occupiers are more attracted to apartments that don’t come with the extra say $50,000 - $150,000 for the car space... Show More
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Actually Chris I majored in Economics at the University of Sydney. When we overlay inflation over the figure I quote above [to give a REAL return], only 1 of the 5 periods of positive price increases turns from positive to negative, and it still remains that the average total return of real estate in tightening economic and interest rate environments is overwhelmingly positive. I guess that's why people always say they like real estate as an inflation hedge because it captures rising prices in the leases.
Excellent. Takeover offer on Pure Multi-Family REIT on Tuesday night. Stock up 15%.