Auctions point to an even bigger boom: the economy in pictures

See the world through the eyes of an economist: auctions, global house prices, wages and the gender pay gap. This is what caught my eye this week. First up, auctions continue to run hot, and auction clearance rates (how many resulted in a successful sale) continue to boom. When you map this against house price […]

Young buyers gearing up, but will it be enough?

Sales should pick up this year… but it won’t close the shortage. New home buyers are starting to get active in the market. That was the word from Stockland’s earning call last week. The CEO reckons sales inquiries are booming: Home buyers are returning to the market as expectations grow that the cycle of interest […]

T-Bomb: Why life is like Jenga

Truth Bomb Tuesday: It should be easy. This is why it’s not. Making changes in your life is hard for the same reason that Jenga is hard. You know the game Jenga right? You have a whole bunch of little blocks stacked one on top of the other in a tower, and you have to […]

How to create your Australian dream home.

Before Gary joined I Love Real Estate he thought property was nothing more than an opportunity to buy a home. Originally buying a home to live in, he was forced to sell it at a LOSS of $30,000. A huge amount of money at the time, the loss made him completely rethink his long term […]

Why this property came in $300K over reserve

This was a great result, built on a property’s ‘potential’. So the auction market is clearly pumping so far this year. It’s had a cracker of a start and suggests that price growth should remain strong through the year ahead. The data on clearance rates is positively bullish. Eager buyers are keeping pace with the […]

Revealed: the big mistake about wealth

Once you understand what wealth actually is, the game changes. What does it mean to be wealthy? This one of those words in the English language that is as common as mud, but everybody hasn’t a different understanding of what the word actually means. We all know it’s a good thing. We all want to […]

RBA gets a free kick: the economy in pictures

See the world through the eyes of an economist: mortgage drift, politician property ownership and taxes. This is what caught my eye this week. First up, the average interest rate that Aussies are paying on their home loan is still rising. This is even though the RBA has stopped hiking rates. It’s because of cheaper […]

T-Bomb: Why we get stuck in bad patterns

Truth Bomb Tuesday: Where did these patterns come from anyway? Why do we get stuck in behavioural patterns that don’t serve us? Maybe you grew up in a household where money was always a drama, and now you tighten up and get a shame response every time we talk about money. Or maybe you grew […]

We’ll be lucky if things are only this bad

The construction crisis goes from bad to worse. I’m a little surprised more people aren’t talking about this. We are supposedly in the middle of what is possibly the worst housing crisis in the country’s history, and construction levels are collapsing. At a time when we should be building more houses than ever, it looks […]