Cashmore Real Estate Podcast - Catherine chats with Dr Cameron Murray
Many of you will already be familiar with Cameron Murray.
He co-wrote the book Game of Mates.
It uncovers the tricks of Australia’s super rich. Namely, rent seeking.
This is why we have a land cycle, commodity cycle, a credit cycle — and ultimately, a volatile business cycle.
Australia’s economy is built around it.
More than 80% of today’s wealthiest Australians have made their fortunes speculating on property, mining, banking, superannuation, and finance — gaining favourable property rezonings, planning law exemptions, mining concessions, labour law exemptions, and credit creation powers.
If you want to free yourself from wage slavery, you have to learn to play the game of Monopoly as they have.
As one of Australia’s greatest Monopoly players, Rupert Murdoch quipped in his 1994 John Bonython lecture ‘The Century of Networking’:
‘Because capitalists are always trying to stab each other in the back, free markets do not lead to monopolies. Monopolies can only exist when governments protect them.’
And as you’ll see from the election campaign, both major parties are committed to doing just this — ensuring land prices continue to climb ever higher.
I took the opportunity to sit down with Cameron last week and take a closer look at how the economy and property market really work.
He shares his unique insights that challenge the mainstream narrative.
Cameron is also an advocate of the 18-year property cycle.
We discuss his view that the cycle could pull up early, and my own counter thoughts on the subject.
Listen to the podcast here.
I hope you enjoy the conversation as much as I did!
Until next time!
Editor, Cycles, Trends & Forecasts