Reading Time: 6 Minutes Hey guys! It’s finally here – FIRE has gone mainstream! How mainstream you say? Well, business insider covered an article on it (here) which starts off with: “The Financially Independent, Retire Early (FIRE) movement, strong among millennials in the US, has reached Australia. The goal of an early retirement is becoming popular among young people who don’t like what they see in the future, with healthcare and state-funded pensions crumbling, and aren’t that keen on the idea of a career for life”. That’s right, MILLENNIALS FTW MUTHACHUCKAS! We’re different from other generations in that the old, traditional race of working 40 hours a week for 40…
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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…
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Investing in Real Estate 111 (Interest Rate Changes)
Reading Time: 9 minutes “Buffering…please wait…buffering… please wait…” Ever recall that message come up before? Well, before the age of high-speed internet and insta and snap and YOLO, us millennial folks who grew up in the 90s sure can. We who grew up in the age of the Pentium 3, the 56k modem (brrrkrrr… beep…krrr…dookrrrrr dookrrrrr…) and the Nokia 3210 – we remember. Because we used to get that messages ALL the time. As a teenage boy, the frustration of seeing that pop up when trying to download por… maths papers was palpable. “I REALLY need to do some mathematics, RIGHT NOW”. I used to say out loud to no…
