Property has fallen. So what next?

Vanessa Stoykov,  creator,  No More Practice

While there is no need to push the panic button yet, it’s clear that property prices are on the way down - predicted by up to 10 per cent in both Melbourne and Sydney. For Australians, this will be a departure from the years of relying on property as the main source of building wealth.

It’s clear from our popular culture and media that property is deeply embedded in the Australian psyche. Shows like The Block, Love it or List It, and countless renovations programs all reflect what we are all thinking about - property.

But how to change this on a national level, in a world where the next generation of home buyers may never get a shot? And how do we change the mindset of those who are already sitting on large property portfolios? For some, it’s a bridge too far. Their wealth and their financial education is so tied

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