John's December Dashboard
Custodian Blog
by Jacinta Waters
3M ago
Hi Custodians.  I wanted to personally wish you a very, very Merry Christmas and an amazing new year.  I also wanted to reflect a little bit on this year and what I've learned and particularly from you, our Custodian Clients. The custodian community has grown and evolved.   We're 25 years old this year! It’s incredible to think that we've been doing this for 25 years. I am amazed after all this time to see how many clients have willingly given us testimonials about their journey over the last two and half decades. I am truly grateful to them. They are a testament to why we ..read more
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John's June Dashboard
Custodian Blog
by John Fitzgerald
9M ago
We’re officially halfway through the year and the RBA are in a rock and a hard place. Raising interest rates are proving to be a blunt instrument. While we’re experiencing inflation, the big spenders are baby boomers who are least affected by interest rates rising as most own their homes unencumbered. Meanwhile, the government has increased wages by 5.7%, after already raising them to 5.2% last year, we’re still bringing in workers out of necessity, and the RBA expects rents to increase by another 10%, although I expect it will be closer to 20%. However, there is some good news. Underlying inf ..read more
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John's April Dashboard
Custodian Blog
by John Fitzgerald
1y ago
We’ve officially turned the corner! March was a great month for property and it’s only going to continue getting better. The residential market is up 0.65%, with Sydney leading the way with 1.25%. These numbers are massive. At Custodian our focus is on the big picture. We are experiencing the highest population growth in history. Listings are down 21% on a 5-year average as people don’t need to sell. Auction clearance rates are up 73%, the highest it’s been since last April when interest rates began increasing. Australia’s the wealthiest it’s ever been. According to Domain, rentals are down to ..read more
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John's March Dashboard
Custodian Blog
by John Fitzgerald
1y ago
Another month, another interest rate rise. It’s no surprise what we saw from the RBA this week, but it is no reason to panic. As I’ve said before, it’ll go up and it’ll go back down, and I expect interest levels to get back to 2019 levels sometime in 2024. Some good news – auction rates around the country last month were over 70% and it’s down to three things – population growth, housing shortage and an inheritance boom. We’ve never seen this combination of factors at this level before and it has incredible potential for us as property investors. Firstly, population growth. Australia’s populat ..read more
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John's February Dashboard
Custodian Blog
by John Fitzgerald
1y ago
2023 is a very special year for us as it commemorates twenty-five years since we began this journey. Since then, the world has certainly changed. Our access to information has significantly increased, but with this, mental health has become an epidemic. I want to give you some certainty. I’d like to discuss one Custodian we’ve had with us since the start to show you that our process works. Buying their first Custodian property in 1998, it was a 1000m2 block in Pimpama with a 220m2 4-bedroom home. Both the land and house cost $180,000. This land is now worth over $1.1 million. What’s more is th ..read more
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John's December Dashboard
Custodian Blog
by John Fitzgerald
1y ago
Welcome everyone to the December wrap, our final report for 2022, this one tied with tinsel! And the great news is that Christmas has come early for Custodians, and all those who recognize the enduring value in staying the course and always looking around those corners. The property market has turned around again. And the smart money is on investors going hard buying property today. The big news, and this is really big news, is that in the last few weeks, we have witnessed the highest sale price of land per square metre in Australia’s history. In paying that record price, one of Australia’s we ..read more
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John's November Dashboard
Custodian Blog
by John Fitzgerald
1y ago
Welcome to the November wrap. Massive changes since COVID started. I often give the analogy of riding your bike downhill and the one thing you never do is look down; you should be looking around the corner, because where you look is where you go. It’s often said that successful people in business are those who can look around corners and that’s what we do. We shouldn’t worry about what's happening now. Look ahead at what's happening in six to 12 months’ time or two to three years down the track. There are seven massive numbers and I’m going to start with the biggest one. Since June 2022, 2.2 m ..read more
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THREE MISCONCEPTIONS
Custodian Blog
by John Fitzgerald
1y ago
I want to try and drive through a bit of the noise and the misconceptions out there today. Number one misconception is that we are mortgaged up to our eyeballs in Australia. It is not true. The facts are that the total value of all houses in Australia is $10 trillion. We owe a grand total of $2 trillion on our houses. So really, we've got a loan to value ratio across Australia of 20%. We don't owe a lot of money on our houses. Second misconception is interest rates are going up and that inflation is this big monster that's going to eat us. Inflation can be a monster if you don't own assets and ..read more
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Six Mistakes In Property Investment
Custodian Blog
by John Fitzgerald
1y ago
“I have probably made most of the mistakes that can be made — although I like to think I avoided a few through seeing them coming. I gathered a pretty good idea of what makes a good investment, and how to make a good investment work better. I realised you don’t have to be a property developer to build wealth in property. (In fact, rather the reverse: most of them go broke at one time or another, pushing for bigger and bigger projects.). Here are six key mistakes that you should look out for when it comes to investing in property. “ – John Fitzgerald ..read more
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John's October Snapshot - 4Oct2022
Custodian Blog
by John Fitzgerald
1y ago
Hey, Custodians, Welcome to October. Let’s start with the RBA surprised who me today by keeping things lower than what I thought. I thought they could have gone a lot more aggressive on the increase. It just shows how we fit on a different cycle. Remember that whatever's happening, it doesn't matter because it's all temporary. Let's take our minds back to 2019 when the world was pretty much at negative rates, going up is inevitable, but no excuse to panick. You may remember that I spoke to Tim Lawless last week and said “Hey, Tim, at the bottom end we're not seeing any distress and we're certa ..read more
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