Lessons from the Voice
By: Niro Thambipillay
November 22, 2023
@investwithniro Property Investing Lessons from The Voice #propertyinvestingaustralia #australianhousingmarket #property101 #propertyinvestingforbeginners #propertytok ♬ original sound - Niro Thambipillay
The media claims the result of the Voice was unexpected. There’s an important lesson there for us as property investors.
Let me explain…
Back in August of 2022, shortly after the draft question for the Voice was first announced, opinion polls suggested that over 60% of Australians were in favour of the Voice.
We all know what eventually happened.
The complete opposite
Over 60% of Australians voted against the Voice. The opinion polls were completely wrong.
Now what does this have to do with property investing you ask?
12 months ago, many of the major headlines were screaming that the property markets were going to crash.
Many said it was an absolute certainty.
Some people were licking their lips, salivating at the prospect of getting properties for up to 40% discount.
And what happened?
The complete opposite.
Property prices increased in multiple markets around the country.
Sydney, Brisbane and Perth are all up around 10%.
Many regional markets are up similar amounts.
Even poor Melbourne, one of the weakest markets in the country is up around 2%.
So, what’s the lesson?
Whether you’re a Prime Minister or a property investor, you can’t make your decisions based on popular opinions. You need to make them based on facts and data.
Unfortunately for the Voice, there is no going back. The $400 million it cost has gone up in smoke.
But…
For you as a property investor, there is still a great opportunity.
That’s because, the data shows that prices are set to increase massively from 2024 and now is a great time to buy.
I know lots of people are of the opinion that property prices are so high and therefore they must fall.
Some will believe those opinions.
I hope that’s not you.
You’ve already seen the cost of believing unqualified opinions.
So if you’re someone who believes in data…
And you want to take advantage of the upcoming property boom, then get a copy of both the digital and audio versions of my book, totally for free, using the link below