Andrew Page

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463 appearances 1 recordings 1 series first heard Aug 2021 last heard Aug 2021

Andrew Page’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Property vs. Shares | Money & Regret Ft. Andrew Page · 23 Aug 2021 podcast

And if they stay at this level for the next 30 years, then that is a big plus for property.

If it doesn't, let's say interest rates go up 1% or 2%.

That changes things massively.

Now, if we're at an interest rate environment of 8% and went to 9%, well, that is less attractive.

But when you go from sort of 1% to 2%, you're literally doubling your mortgage repayments.

So that's the other thing.

So it depends is the answer.

I would argue at this point in time that we have this as humans, and this happens as much in the market as it does in property market, is that we have a tendency to extrapolate.

So we look at recent history and we just push that forward.

You'll hear people say our property doubles every seven years.

and property never goes down and all of these kinds of things.

Well, actually, that's not true.

I did it.

That's another tweet I sent out.

I went to the ABS and I went back as far as all the property records they have.

Actually, over the last 20 years, I think it's, I'm going to forget the figure now, but something like 4% in gross terms, not real terms, not inflation-adjusted terms.

Still a great investment.

The great thing about property is it's got utility.

You can live in a house.

You can't live in a share portfolio.

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