Now, last December 2021, I reported an unprecedented year of growth for Australian residential property.
This December 2022, I’m reporting the reverse - unprecedented falls in residential property; which I did warn you about.
Here’s what I wrote last December:
“Speaking of buying at a discount, there’s an awful lot of people right now buying into property at record prices with massive leverage…
…I’m beginning to think the global mass medical psychosis campaign has hit the Aussie residential property market.”
Not too hard really.
With raging inflation and a starting point of 0.1% in official interest rates last December to now 3.1% with a fresh increase in rates again this month, you don’t have to be Einstein to work it out.
Looking into the future, the majority of the major banks’ fixed interest rate loans are due to expire by the end of 2023. These previously insulated borrowers will be forced into higher variable rates. To give you an idea, holders of a $750K mortgage loan will roughly have to find an extra $15K per annum to service their home loan!
Couple this with negative equity for a lot of people that purchased at the peak in the last 2 years and you can see a real storm brewing.
That is why our focus again this year has been more on generating independent income from other sources and protecting what you’ve got.
For clarity, I’d say my attitude now is even more focused on protecting what you have got.
So as the back drop of the orchestrated world events plays out in the ongoing spiritual battle between good and evil, I’m choosing to prep and sit on the sidelines for a bit.
I’m working on my health, like-minded community and relationships, personal happiness (Salsa anyone?) as well as my financial and physical preparedness.
As I wrote last December:
“Remember, while you rest this Christmas, or are still trying to get rich, the powers that shouldn’t be, going for the great reset have labelled you useless eaters and are hell bent on deleting at least 4 billion people from the planet in the next few years by injections.”
I know, it even surprised me how direct I can be.
Still, the ‘ignorance is bliss’ crowd, don’t worry about them, they’ve made their wilful choice for ignorance, and soon, they’ll need to focus on their health more than anyone...
Be sure to watch my final success tip video below, as well as those of our experts.
If you wish to review any of our experts most recent webinars you can also do that on our revamped website above.
Finally, thank you for your continued support and kind messages all year.
Ohh and before I go, from a wealth preservation point of view, Silver is the only commodity that is currently trading for less than 50% of its 1980 all-time-high!! Kapish?
From my family to yours, from my heart to yours, all the best for Christmas and a prosperous 2023.
Be sure to Stay Alive till 2025!