Reading Time: 4 Minutes “Argh!” Yells the frustrated young man in front of his laptop screen, a painful wince crosses his facial features. “What’s wrong?” His wise yet still sexually attractive wife calls out, hurrying over. “It’s SOLD already #*@(%&#”, he shouts – slamming his fist down. “Oh… don’t worry, there’s always another one”, she responds… glad her husband is just over-reacting again. He’s just a boy at heart, still throwing those kiddie tantrums – she tells herself, before resuming the latest Korean drama series on Netflix. Her husband continues to yell and curse in the background. ~~~ Sigh. Hi guys – that was the little conversation MrsFrugalSamurai and I…
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What to do in a Bear Market (Part 1)
Reading Time: 5 Minutes (Voice on screen) “He turns, he shoots, he scores!!! GOOOOOAAAAAALLLLL”. “YEAH BABY!!!” A voice in front of the TV yells. It is a young man, his face flushed, his voice hoarse – the excitement and relief is palpable. Suddenly, the young man turns… Oh, hi there folks – excuse the outburst, been meaning to play some good ol fashioned FIFA for a while now. NEED a break OKAY, deserve it. Sigh, but since you’re here, I know what it is you’re after… the latest in The Frugal Samurai right? (Looks at the TV forlornly, where a soccer game is paused mid-way through the second half). No,…
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Australian Household Wealth Update – and How YOU Can Get There!
Reading Time: 6 Minutes Ever wanted to know how Aussie household wealth is doing? Well, it seems like the gap between the have’s (them) and the have-not’s (us) is increasing. That is to say, methinks dem rich are gettin’ richer. But don’t just take my word for it – the latest Roy Morgan (amazing research guys) Wealth Report has shown that the biggest gains in the past decade have been among the wealthy top 10%. What about us poor buggers in the bottom 50%? Our share of private wealth fell from a measly 3.9% (yes, 3 point freaking 9) a decade ago to… 3.7%. “Shakes head” Just wow, those at the…
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4 Reasons Why Property Prices Won’t Drop 40% Soon… and a Story About When They Do!
Reading Time: 7 minutes “Hey The Frugal Samurai, what do you think of the 60 minutes report?” What 60 minutes report? “You know, the one about house prices dropping 40%?” Oh… you mean this one (here)? “That’s the one”. Yeah nah, forty percent? That’s gotta be a typo. But no guys, it’s not a typo – it’s a very real and very “legitimate” story. Suffice to say, this story made sensational headlines in the media and property industry at large. Ah us Aussies – we love a good story about our real estate markets don’t we? Put any emotional words with the words “Australian” and “property” and it’s guaranteed to…
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Latest CoreLogic (RP Data) Property Report and What Does it Mean?
Reading Time: 4 minutes Hi guys! How are we all going? Been a full on week so far – spent the last couple of days out with some clients in the Greater Western Sydney areas. They were showing me their development and residential building sites all across the Western corridor. Currently there’s nothing there except barren land, as far as the eye can see – but one day in the medium term, it’ll come good. They were incredibly bullish on the prospects of their sites, ranging from a few acres to dozens of hectares – but hey, that’s property developers right! So bullish in fact, they were projecting 20%+ development…
