According to Cotality since the federal budget in May Melbourne and Sydney home values have been declining at annualised rates of about 10 per cent and 12 per cent respectively. Meanwhile new listing volumes are on the decline, and capital city home sales are around 16.2 per cent lower than at the same time last […]
It’s a buyers market, but there’s nothing to buy
Rentvesting is dead
As promised, here are my thoughts on the Budget, specifically a reflection on my personal property journey and what I would be doing differently now if starting over today under the new rules… Elise and I were rentvestors for the best part of eight years before finally moving into our current home. We rented in […]
Boring is beautiful – What the banks teach us about risk
When we think about Australian banks it’s often about interest rates or borrowing capacity (or complex loan applications!). But there’s another side to the banking system we can all learn a great deal from… Risk assessment. Banks are fundamentally professional risk managers. Banks are not property speculators. They don’t benefit like we do if a […]