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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What Path Would You Tell Your 15 Year Old Self To Go Down (Part 2)
Reading Time: 13 minutes OK guys, we are BACK! Who’s excited?!!! I know I am, let’s DO THIS. Do what you ask? Finish off the last post (read here), which was the first part of the response to my schoolmate DP ‘s question: Knowing everything you do now, what path would you tell your 15 year old self to go down? So let’s get to it, onto the next part! Wait, aren’t you forgetting something? Oh yeah, that’s right – before we jump in, I have to mention a big THANK YOU to everyone who commented and read through the previous post, it was one of the more commented on posts I’ve…
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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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Is the Trillion Dollar Company Here to Stay?
Reading Time: 4 minutes Howdy there fella! Whatcha up to? Stopping by for the latest fix of TheFrugalSamurai? I don’t blame ya! But bear with me a little please, it’s the morning after of the buck’s party for my friend Bubu. Mind you, after the passing of my Grandma recently, I wasn’t quite in the mood for excessive celebrations and called an early night. But that’s not to say that we didn’t have a great get-together. Between all the drinking and cheering and light misdemeanours – I managed to have a few words with a couple of the guys about investing and the markets in general. “Yeah, I prefer Vodka myself…
