See the world through the eyes of an economist. Is the economy about to pop? The GDP data came in a bit hotter than expected yesterday, driving by a rebound in consumer spending. Annual growth was up to 1.8%, vs the 1.6% forecast by the RBA. With the stronger than expected inflation data a couple […]
$20K into $500K – the power of presentation
Knowledge = profit I don’t know where else but property you could turn $20K into $500K in a matter of weeks, with minimal risk. And deals like this don’t happen all the time, but they do happen. I’m talking about a recent sale in Brighton, Victoria. It was on the market for several months without […]
T-Bomb: I’m dysregulated and loving it!
Truth Bomb Tuesday: Who decides what is sane? Over the years I’ve had to skill-up in the disciplines of self-development and mental health. At first this was an area that we tried to avoid. We’re not psychologists. We’re investors – we’re here to work on your finances, not on your head. But we couldn’t get […]
T-Bomb: Two hacks for hitting your potential
Truth Bomb Tuesday: Dream a little bigger People always massively underestimate what they are capable of achieving. And that’s a shame because they under-shoot. They dream small. They settle for less than they should. I think there’s two reasons for that. The first is that they don’t factor in their own personal growth. As you […]
No water, no power but still $400K clear of reserve
The first rate cut drew a line in the sand. Everything since then has been to plan We’re seeing more and more stories from a property market that is clearly heating up. Last week, a deceased estate in Rosebery, Sydney with no power and which was ‘completely unliveable’ smashed expectations at auction, eventually selling for […]
T-Bomb: Using the Proteus effect to hack your life
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 […]
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 […]