1. Money, money, money…
We mentioned the booming house prices across Australia last week. This week we’ve taken it up a level. According to Westpac, homes selling for over $5 million have surged 240% between 2019 and 2021! And the more expensive you go the better it gets – $10 million homes are up 312% and >$20 million homes are up 244%. Over a longer period, in the 20 years to 2023, $5 million home sales have increased 1151%!
Almost two thirds of Australia’s $5 million-plus sales last year were in Sydney. Woollahra Local Government Area in the city’s Eastern Suburbs contributed 22% of these sales, and 38% of $20 million-plus sales nationally.
Source: CoreLogic
2. Buy what you can’t see…
Intangible assets accounted for about 90% of S&P 500’s total assets in 2020. Up from 17% in 1975. The Mag 7 moves have likely pushed this number even higher today!
Tangible vs Intangible Assets in the S&P 500
Source: UBS
3. Reg check…
Trump has been making a lot of headlines on his thoughts on different industries. We wonder if this chart might change if he makes it back into office…