Did you ever wonder why so many pundits got their Australian house price forecasts so wrong? Real estate pricing is not driven by interest rates, population growth, or tax regimes. The factor that drives long-term real estate performance is the long run change in replacement cost – a factor ignored by many, yet which is unique to all other asset classes. And it’s because of this uniqueness that real estate has played (and will continue to play) a critical role in generational wealth preservation and diversification.

Chris Bedingfield