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According to chief market strategist at CMC Markets and host of The Artful Trader podcast Michael McCarthy, there are certain investor personality traits that seem to predict success in the share market.

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In this episode of the nestegg Podcast, Michael joins host Grace Ormsby to outline exactly what these characteristics are, the difference between high-risk and low-risk appetites, and how investors can apply different strategies depending on their own personality type.

Michael also explains how fear can be both helpful and a hindrance for confident decision-making, why failure is a crucial process for investors seeking growth, and where budding investors can begin educating themselves about the markets.

Thanks Matthew, for sharing your insights with the nestegg podcast team!

You can keep up to date with what CMC Markets are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Thursday, 27 February 2020

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Is home ownership still a good investment?

By Cameron Micallef · January 21 2020

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Invest

Is home ownership still a good investment?

By Cameron Micallef
January 21 2020

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Is home ownership still a good investment?

By Cameron Micallef · January 21 2020

Reading:

Australians are waiting longer to buy more expensive property assets that perform relatively poorly compared with other asset classes, new research has found.

According to research by investment managers Fidelity International, the average Aussie in 2018 bought their first home at 35, compared to 24 three decades ago.

Anthony Doyle, Fidelity International’s cross-asset specialist, believes younger people might be put off by diminishing returns.

“There are a number of reasons for this trend, including housing affordability, tighter lending standards and changing living preferences amongst younger generations,” Mr Doyle explained.

“However, one consideration that may be influencing the home purchase decision amongst younger Australians may be lower return expectations of first home buyers versus older generations,” Mr Doyle said.

Investors who were born in the ’50s and purchased property at age 30 (1980s) saw the value of the family home grow by 187 per cent.

When repeated for those born in the ’60s, ’70s and ’80s who also bought a home in their 30s, the total returns fell significantly.

“For those born in 1980 that purchased their first home in 2010, the performance of their house has been relatively poor relative to other asset classes, rising by only 9 per cent in real terms over the course of the decade,” Mr Doyle said.

In comparison to other assets over the same time, global equities grew by 145 per cent, Australian equities made 97 per cent more and Australian bonds grew by 63 per cent.

Mr Doyle also highlighted why he does not believe housing prices will continue to grow in the medium term.

“Given the current high level of Australian house prices relative to incomes, without higher wages growth, it is difficult to see the recovery in house prices seen over the last six months of 2019 being sustained over the medium term,” Mr Doyle said.

However, the investor noted that the housing market could see a short-term spike as interest rate cuts and the potential for quantitative easing from the RBA act as a “tailwind for house prices”.

“Given the low absolute level of interest rates, it is unlikely that those purchasing a house today will experience the high house price returns that older generations of Australian home owners have experienced,” Mr Doyle concluded.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.