Assuming that market participants are rational is a huge gamble. In my experience, people often follow each other into unwise investments driven by “market sentiment”. I always suggest clients be prepared to do what others are NOT doing. (ie sell when everyone else is buying)

When analysing property price increases, be cautious as they never strip out the effect of renovations. The data nearly always only reflects the gross increase in prices. If you have spent nothing on improvements, don’t expect your property to perform the same as the median.

Baby boomers (46 -64 year olds) make up 25% of the population but control 55% of the wealth. This wealthy, demanding bulge in the demographic is aging and looking after their needs will be lucrative. To appeal to them; minimise stairs and buy in areas with good medical facilities, low crime rates and access to level walking opportunities.

Following past global pandemics, recovery was accompanied by inflation as people shrugged off constraints and started spending. Inflation can lead to higher interest rates. Very high levels of private indebtedness in Australia (nearly the highest in the world), make us vulnerable to asset price discounting if interest rates spike unexpectedly.