Thoughts on money, from a Financial Planner in Perth
How much do you think the property you live in is worth? How about the suburb or area in which you live – what do you think would be the combined value of all those properties? Ever wondered what all the property on earth is worth? Global Property Value As usual in an information filled world, … Read more
There are few arguments more heated than those based around the future direction for house prices. i am about to make some statements that many people will find disturbing so please, if you have a weak stomach for discussion on house prices, change channels now… A hundred billion dollar error One of the great difficulties that … Read more
For most Australians, there isn’t even a question in this statement. Retate the question as “when to buy a home”, and you’re probably closer to the mark. Maybe even “how to buy a home”. It is borderline heresay to phrase it as “don’t buy a home if…”. If you don’t want to read my background … Read more
It’s a Friday, and a beautiful one at that. Here in Perth, the city skyline is dotted with the slender silhouettes of huge cranes from construction sites. All rather pretty, and reflective of a city vibrant with energy, growth and cash. Sometimes it can seem as if the local “feel” is reflective of the world. … Read more
Many, many people get hung up on whether houses are better than shares as long term investments and vice versa. Logic would dictate that over the long term, houses are a depreciating asset requiring substantial capital to buy or maintain with high transaction costs, and therefore are likely to underperform listed equity, which should overcome these hurdles. However, this ignores key characteristics of the property market as well as issues specific to Australia…
“Too many people bought too much house for too many years”. That is a quote from a New York Times article, published recently. The article looked at the impact of housing on the financial crisis from the point of view of a person in the United States. From here in Australia, the “seven new rules” … Read more
