Truth Bomb Tuesday: This is weird, but it works. I’m trying to stay on top with where we’re going with AI… and having to regularly stop and put my mind back together. Anyway, one of the things I stumbled across is something called the Proteus Effect. The basic idea here is that people change their […]
House prices power on while businesses struggle – the economy in pictures
See the world through the eyes of an economist. House prices do what house prices do best House prices grew another 0.6% in June, following up 0.6% in May. These are both solid results. Quarter by quarter, the current growth rate is about average, but the momentum is clearly upwards. At the city level, Perth […]
How Starting Small Led to Big Dreams: Jason and Sarah’s Road to Real Estate Success
“We never thought we’d be here. It’s been an incredible ride and we’re just getting started.””
High-risk lending keeps its head down – the economy in pictures
See the world through the eyes of an economist. High-risk lending remains low The share of lending going to loans with a debt to income ratio over 6x remains low by historical standards. Show this to people who are waiting for the market to ‘crash’. There’s little risk in the system. Inflation getting too ‘slow’ […]
Graveyard? Floods? No problem
In business it’s called de-risking. This is how it works. There’s a strategy in business called de-risking, and it often makes fantastic returns. So imagine there’s a business that delivers great returns, but no one wants to buy it because there’s too much risk for one reason or another. If you want to sell it […]
Big bank economist dishes out some terrible advice
This is some terrible advice. Really terrible. The Australian Financial Review was interviewing Alan Oster – the former Chief Economist at NAB. He had some terrible advice for property investors: Alan Oster’s 33-year run as chief economist at NAB ended in March. Three months later he sold the family home in the bayside Melbourne suburb […]
How a Bookkeeper Became a $3M Property Mogul and the Lessons That Could Change YOUR Life
“I had this lightbulb moment, ILRE could really help me get to where I needed to go – what to do, how to do it, and the strategies to make the most of what I had.”
T-Bomb: Yes, everyone can be wrong
Truth Bomb Tuesday: There safety in the herd. There’s safety in wrong. “Not everyone can be wrong.” Yeah, nah. Everyone can be wrong. In fact, they often are. History is full of instances where everyone just had completely the wrong idea about things. Humanity, as a whole, has a recurring tendency to collectively believe a […]
House prices fire the rockets – the economy in pictures
See the world through the eyes of an economist. House prices fire the rockets House prices rose a solid 0.5% in May, with strong growth across the capitals. The trend is clearly upwards now, which we’d expect given recent rate cuts. And given the strong results in the auction market recently, this pace of growth […]
T-Bomb: How to stop yourself caring too much
Truth Bomb Tuesday: You probably care too much A little while ago I was hauling the boat down the highway. Not to brag or anything but it’s a big boat. A lovely big boat. And you’d think that a boat should be designed with aerodynamics in mind, but the drag is pretty substantial, and there […]