Virtual Realty News

Love a Property Market with Hypotheticals

Love a Property Market with Hypotheticals

By | April 21st, 2017

Make no mistake our property markets have been running downwind for too long so it’s now tacking straight into some interesting headwinds albeit hypothetical at this juncture. That being said, the property run – particularly in Sydney and Melbourne needed some economic speed bumps to slow the momentum. As strange as...

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Addressing Australia’s Housing Affordability Crisis Should Not be Hard

Addressing Australia’s Housing Affordability Crisis Should Not be Hard

By | April 7th, 2017

So, hold on a second – just, why is it? Well that’s because the answers and outcomes are so convoluted where I have stated on many occasions in the past that the problems lie at the hands of governments at all levels. Now we simply have a blame game with...

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The big property shift is fast heading to a sell recommendation

The big property shift is fast heading to a sell recommendation

By | March 16th, 2017

It was only a matter of time before some property punters would cash in simply because property data is now pointing to a significant price correction. The latest Reserve Bank of Australia (RBA) data has inflation adjusted wage growth sitting most uncomfortably around zero which spells disaster for households carrying...

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The three P’s of property are now, Political-Paralysis-Persuasion

The three P’s of property are now, Political-Paralysis-Persuasion

By | March 9th, 2017

Up until now it’s very clear that federal and state politicians do not want a debate on property markets as they well know that a major overhaul is what’s required – consumers would be much better off and government revenues would be significantly reduced. This would explain why the last...

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To fix Australia’s housing affordability listen to Ken Henry

To fix Australia’s housing affordability listen to Ken Henry

By | February 23rd, 2017

Like most people, Australians are past sick and tired of their elected politicians, simply because they do very little and collectively can’t solve problems – in fact, they now make them worse. Speaking at the 2017 Committee for Economic Development of Australia summit Henry was scathing. “Australia had become so...

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Starlight Foundation cheque for $415,169.09

Starlight Foundation cheque for $415,169.09

By | February 18th, 2017

This is a very proud moment for the entire Richardson & Wrench team! It's not every day you get the chance to present a cheque for a massive $415,169.09!! As a key sponsor for Starlight Children's Foundation we are thrilled to be able to brighten the lives of seriously ill children! #randw #starlightchildrensfoundation...

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The ticking time – bomb in our property markets

The ticking time – bomb in our property markets

By | February 9th, 2017

Quite surprising that nothing has been said when last Friday, the Australian government debt ticked just over $475 billion. For the last twelve months, the government on average has been borrowing $6.35 billion each month, so what happens when they hit the debt ceiling of $500 billion? Will that then...

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Why housing affordability is a political no – go zone

Why housing affordability is a political no – go zone

By | February 2nd, 2017

When Malcolm Turnbull addressed the National Press Club this week I was really hoping that he was going to announce some major policy critiquing for all matters pertaining to Australia’s ongoing housing affordability woes. Sadly, very little was offered where he clearly laid the blame at the states and territories...

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Politicians to battle housing affordability – an oxymoron?

Politicians to battle housing affordability – an oxymoron?

By | January 26th, 2017

Come in spinner or should that be spinners? In a property week that can only be described as unprecedented we have had the prime minister, treasurer and newly elected NSW premier all declare that they are going to tackle housing affordability. Previously housing affordability was a bit like going to...

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Housing affordability is just so misunderstood

Housing affordability is just so misunderstood

By | January 19th, 2017

Yes, those two words that keep trending every day on the 24-hour news cycle for 365 days each year – housing affordability. So why can’t anyone come up with a logical explanation on how to fix this ever-growing Australian curse? Well first, nobody is really drilling down to find the...

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