APRA- bunch of spankmonkeys

  APRA is just not doing us any favours. If you want to know what’s behind the multi-week decline in Sydney property prices, there’s only one culprit: APRA. APRA – the bank regulator – has been tightening the screws since the middle of last year, going hard on investors and interest-only lending. APRA threatened the […]

Lots Of Government Money Going Into Property

Where is government money going now? The First Home Owners’ Grants (FHOGs) weren’t particularly popular. Well, they were if you got one. They were great. But as far as economists went, they weren’t seen to be all that fabulous. Effectively the government just poured a whole lot of cash into the housing market, via the […]

The tipsy top-end could topple

Should we be worried about the bubble in commercial property? One of the key concerns last year was that an oversupplied high-rise apartment market might weigh heavy on the market overall. So far, as much as we’re seeing any fall out from this, it’s been fairly contained. It certainly hasn’t been the house of cards […]

WTF? You can only own 2 properties?

This is the key thing that makes me different from all the others So Australia’s supposedly largest residential property investor was in the Australian Financial Review last week, taking a pot shot at APRA. Kevin Young reckons 20,000 of his Property Club members can no longer afford their mortgage after the banks shifted them from […]

Are people really this ignorant?!?

This is the scariest statistic I’ve seen in years… Quick Quiz: How many people in the property market have no idea what they’re doing? 5%? 20%? 50%? All of the above? Someone forwarded me a recent study by investment bank UBS. They call it the UBS Evidence Lab Australian Mortgages survey. It aims to be […]

School of hard knocks now accepting enrolments…

Where would you raise $2,000 from if it was an emergency? Going broke hurts. I know from experience (divorce can do that pretty quickly). And it’s not really the money. Most people have the opportunity and enough time to rebuild their fortune again. There’s an emotional toll too. We live in a world where we […]

Why I’m relaxed about Aussie debt

Here’s some talking points next time someone throws that “highest household debt in the world” line at you… One of the themes doing the rounds at the moment is that Australian households have too much debt. This is the Achilles’ heel of Australian property. Aussie households are over-leveraged, and when things sour, they’ll be in […]

17 tax deductions you may not be taking full advantage of

You probably know that before I dedicated myself to property – in my former life – I was an accountant. So I have a built in automatic reaction now to sit up and take notice when it’s coming up to tax time. First of all, let me say that most people (including accountants) think in […]

A budget to annoy real investors

Investors keep taking hits as budget disappoints. Ok, a few people have been asking what I made of the budget. Here’s my thoughts: The Godot Surplus First up, overall, this budget looks like another piece of fiction – like every budget in the past ten years. We see the budget returning to surplus four years […]