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Terry Ryder's Tuesday Wrap 25th February 2020

Hotspotting

Release Date: 02/27/2020

RBA Apology Not Good Enough show art RBA Apology Not Good Enough

Hotspotting

The Governor of the Reserve Bank Philip Lowe has apologised to the nation. In particular, he has apologised to all those Australians who believed his forecasts about interest rates and went out and borrowed to buy homes and investment properties, in the expectation that mortgage rates would not be rising in the near future. As apologies go, this is a particularly empty one.

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Perth Continues To Be A Nation-leading Market show art Perth Continues To Be A Nation-leading Market

Hotspotting

Perth has shown strong resistance to downturn pressures as it maintains high levels of sales activity and good price growth. In contrast to trends in the biggest cities, Perth has delivered strong levels of sales volumes in recent quarters, despite all the disruption from interest rate rises, high inflation figures and all that ridiculously negative media. In our latest quarterly survey, most of the suburbs in the Greater Perth area are categorised as rising or consistency markets. This means the Perth market has been consistently strong in every quarter over the past two years, with well over...

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Price Trends Across Australia Look Increasingly Positive. show art Price Trends Across Australia Look Increasingly Positive.

Hotspotting

Although media reports CoreLogic data as if it’s the only source available – and the gospel truth – there are other reputable, credible sources whose figures are somewhat different. CoreLogic claims that prices fell everywhere in October but other research sources like PropTrack and SQM Research disagree. In the latest data on prices from SQM Research, house prices have risen nationally 2.5% in the past month, according to the SQM Prices Index. Regional markets, overall, continue to be stronger than the cities, but the capitals are doing well also.  

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How To Double Your Wealth Faster - Using property to accelerate How To Double Your Wealth Faster - Using property to accelerate "The Doubling Game"

Hotspotting

Andrew Courtney of is an acknowledged expert on "The Doubling Game". He explains it like this: "If you start off with $1,000 and double it 10 times you get to $1 million. Double it 10 more times you get to $1 billion. In other words, if you could double your net assets 20 times you would be a billionaire." Courtney joined Hotspotting founder Terry Ryder on Wednesday 9 November to explain how "The Doubling Game" works and how real estate investment can accelerate the process. "It's all about how fast you can double," he says. "The challenge, as you move along the cycles, is that it becomes...

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Brisbane Poised To Resume Its Price Growth Path In 2023 show art Brisbane Poised To Resume Its Price Growth Path In 2023

Hotspotting

Few markets across Australia have better prospects for growth than Brisbane’s. It has all the major ingredients for upward movement in values, including strength in the underlying economy, a high level of spending on infrastructure and the biggest population boost from internal migration of anywhere in Australia. It is one of the nation’s leading beneficiaries from the Exodus to Affordable Lifestyle trend and it has the prospect of significant economic and real estate uplift from the impact of the 2032 Olympic and Paralympic Games. Further confidence comes from the ranking of Queensland as...

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Did House Prices Rise Or Fall In October? show art Did House Prices Rise Or Fall In October?

Hotspotting

If you’re someone who tunes into mainstream media, you can be forgiven for thinking they fell for the sixth consecutive month – because that’s what many media outlets have reported. But this is because of the tendency by journalists to use the data published by CoreLogic, an organisation driven by a desire to generate media sensation, rather than a desire to provide quality information to consumers. Others research entities – and I mean credible, reputable sources of price information – disagree with the CoreLogic claim that the national average in October was a further decline in...

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Interest In Regional Queensland Revives After Land Tax Scare show art Interest In Regional Queensland Revives After Land Tax Scare

Hotspotting

Regional Queensland is a natural consideration for property investors because many of its cities offer attractive affordability and good yields within the nation’s leading population growth state. The market’s appeal was temporarily curtailed by plans from the Queensland Government to introduce an onerous land tax policy, causing investors to shelve plans to buy in the state. However, more recently the State Government has been forced to admit that its tax proposal was unworkable. Since the announcement that the land tax plan was being scrapped, investors have put Regional Queensland back...

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Why We Think Property Prices Will Rise in 2023 show art Why We Think Property Prices Will Rise in 2023

Hotspotting

Many of the economists making forecasts about property are claiming that house prices will fall next year, but I’m convinced prices overall will rise in 2023. Those economists, I should point out, are the usual suspects who have terrible track records in forecasting real estate outcomes, partly or largely because they think that interest rates are the only factor in play. It’s kindergarten analysis by the same people who early in 2020 forecast a property crash and what we got instead was a property boom. We like to think that we’re more knowledgeable and sophisticated here at...

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The RBA is NOT predicting house prices to plummet show art The RBA is NOT predicting house prices to plummet

Hotspotting

You can be forgiven for believing that the Reserve Bank of Australia is expecting, and is predicting, that our house prices will drop 20%. After all, that’s what media is telling us, constantly, of late. Many news media outlets have stated, categorically, that the RBA has forecast a 20% drop in prices. In fact, many journalists have gone a step forward and stated that house prices WILL fall 20% - without any possibility of it not happening – because the Reserve Bank says so. But here’s the thing: it’s a lie. The Reserve Bank has not made that forecast.

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Federal Budget Solution Won't Solve Housing Crisis show art Federal Budget Solution Won't Solve Housing Crisis

Hotspotting

There have been big headlines around Australian in the wake of the new Federal Government’s first Budget. They’re going to build a million new homes in five years to solve the housing shortage crisis. There’s been widespread – although not universal – applause, because it looks and sounds great at first glance. And, as you can imagine, the organisations that represent builders and developers are expressing considerable glee. No surprise there – it sounds like a windfall for them. But that’s at first glance. At second and third glance, it looks to me like a spectacular failure by...

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More Episodes

In my column on Property Observer this week, I discuss how to understand the different real estate markets and what causes them - it's a lot more than low interest rates.