“Excellent and highly informative podcast with knowledgeable hosts who understand the industry inside and out. You’ll learn how to choose ‘A grade property’ and not make a huge mistake buying such an important asset.
However, the past performance anchoring bias is all pervasive.
40 years of population growth, interest rates trending to nothing and government support settings have had a huge upward impact on property prices. The hosts have built their businesses and identities in this property fertile macro environment. Their ability to pick ‘A grade’ property meant their gains far outpaced the market.
They see no scenario where the next 20 years isn’t broadly similar to the past 20 years. House prices significantly outpacing income in perpetuity, with A grade property increasing even faster.
But hey they’re probably right! Residential property is too big to fail in Australia. Politicians own investment properties so will always intervene to support the market.
Fantastic and informative podcast and you can’t blame them for being enthusiastic about the returns property has historically delivered.”
Jude AUS via Apple Podcasts ·
Australia ·
11/08/21