This tilt in the market will put even more pressure on prices. We’re creating exactly the wrong kind of demand in the housing market. It’s going to make things worse, not better. Last week we saw that new home loan commitments were up 13.3 per cent year on year in February. That’s pretty healthy. Break […]
Rents surge as Aussie income collapses: the economy in pictures
See the world through the eyes of an economist: Rents, container rates and economic surprises. These are the charts that caught my eye this week. First up, SQM research posted rental data for the March quarter. The exponential tilt seen since Covid times show no signs of abating. This is the median rental price level: […]
T-Bomb: What laziness actually is
Truth Bomb Tuesday: Are you a bit lazy? Are you sure? I was having a chat with some students the other day, and I want to clear something up. I want to talk about laziness. This is something that I hear people often self-identify with. “I believe I could do more, but maybe I’m just […]
From Financial Uncertainty to Independence Through Education and Community
“I really want everyone to know that if you follow the ILRE system you will get results, even if you’re starting with nothing like I was.”
We’re 80,000 homes short… again.
Economists can see the writing on the wall. We’re going to miss. We are on track to miss our housing targets by a wide margin. Actually, it’s looking like we’re not even going to come close. It looks like we’re going to throw a dart at a dartboard and hit the vending machine with the […]
House price boom continues at full steam: the economy in pictures
See the world through the eyes of an economist: House prices, immigration and chocolate prices. These are the charts that caught my eye this week. First up, the housing shortage remains in full effect. It’s not just about the number of physical houses in the country, which I’ve written about before, but also the number […]
Competition for cheap suburbs set to get worse?
We’ve been waiting for this for years. Has it finally arrived? Last week I noted that we’re in a unique phase of the market and it’s driving price gains in more affordable suburbs: There’s an interesting thing happening in the market right now. We’re in a compression phase. Often at the turn of a cycle, […]
T-Bomb: A back-door hack into desire
Truth Bomb Tuesday: Get this right and it will feel like magic. People are often surprised to learn that figuring out what you really want is often the hardest part of the journey. People say things like “Oh I know what I want. I want to be rich and financially free.” But rich is just […]
The scariest idea I’ve heard in a while
This sounds like a horrible idea. Want to hear the scariest idea I’ve heard in a while? We’re in the middle of a housing crisis, and we definitely need to get innovative, but this sends chills down my spine: Mirvac chief executive Campbell Hanan has thrown his weight behind the push to develop lower-value mortgages, […]
Building sales nosedive as container rates lift: the economy in pictures
See the world through the eyes of an economist: Approvals, sales, business confidence and container rates. These are the charts that caught my eye this week. First up, building approvals continue to nose-dive and detached building sales remain in the gutter. There’s no signs here that we’ll be building our way out of the crisis […]