How To

A couple of weeks ago, the media was abuzz with reports of a new housing policy discussed at a meeting of the national cabinet in Brisbane. Alongside state leaders, the Prime Minister announced ‘a better deal for renters’ via a $3 billion assault on perceived low housing supply. "All governments recognise the best way to ensure that more Australians have a safe and affordable place to call home is to boost housing supply," Prime Minister Anthony Albanese said in the announcement.

Game theory, in essence, is the study of how people make decisions in strategic situations, where the outcome depends not only on their own actions but also on the actions of others.   At first glance, you might wonder, "How is this relevant to real estate?" As it turns out, the art of property negotiation can involve many of the same principles. Game theory can offer a fascinating lens through which both buyers and sellers might enhance their negotiation skills.   In this article, we’ll explore some simple game theory concepts and discuss how they apply to real estate.

Over the next decade, the Australian government will have sunk $8 billion into expanding Perth’s HMAS Stirling – already the largest naval base in the country. Estimates predict that the plan will create around 3000 new jobs and provide a significant economic boost to both local industry and the rest of the state. Except for some outlying cases, it is generally true that government investment is a positive thing. When a government starts pouring money into their economy, many of the important numbers (things like GDP, unemployment, exchange rates, etc) begin to move in a positive direction.

Statistics reveal that many investors never venture beyond their initial property acquisition, despite their lofty ambitions. While some deliberately choose to maintain a single property as a means of supplementing their income with minimal financial risk, the majority of investors find that achieving their goals necessitates a more expansive approach.   In this article, we delve into the reasons why we believe it's worth thinking big and expanding your portfolio. We also provide valuable insights on growing your property investments and avoiding the pitfalls of relying solely on a single property.