Is the property boom just a trendy bandwagon or is it a gravy train?

Consider if you will the progressive demolition of the pillars, the icons of society which our parents saw as sacrosanct …

If you follow the popular media today you would be forgiven for thinking that:

• the local priest is a paedophile
• the teacher a lazy whinger
• the unionist a crook and a thug
• the businessman a corrupt tax cheat
• the politician a lying, failed lawyer and the banker a blood-sucker.

Who’s left? All our heroes are sports stars and rock stars!!

In investment and property terms this translates into “every man or woman for themselves”. You can’t trust anyone so why trust them with your money? Better to look after yourself, put your money into your own home, your fortress against the forces of evil, or into that traditional bricks and mortar investment. “I’m not gonna give my money to some thieving Funds Manager who’s just gonna nick it!”

Demography and emotion – are they still drivers?

Unequivocally yes….and they will remain so. The Boomers have another five years at the top and I believe that Seachange, the Power of Fear and the Cynical Society will remain as potent factors over the next few years as they are today. While individual issues which will come and go in the years to come Australians’ priorities and focus have changed irrevocably…we can never go back.