Reflections on 2023 – and what’s in store for 2024!

So here we are at the end of another year, and as we head into the holiday season, I know many of us are breathing a sigh of relief as we can definitely see the light at the end of what seems to have been a very long tunnel.

2023 was quite the year of uncertainty. Every challenging time is an opportunity to grow, so I’d like to reflect on what I believe are the most important learnings of the year.

The year in review

  1. Household have struggled with 13 interest rate increases by the RBA this year, with official rates rising by 4.25 per cent over the 18 months.

  2. Cost of living is hitting Australian families hard.

  3. The supply of housing has been unable to keep pace with strong demand.

  4. Australia’s rental crisis is spiralling out of control – High rates and low vacancy rates

  5. Lack of affordable supply for First Home Buyers.

  6. Low supply in investment grade properties for investors.

    However on the flip side, we have experienced a stubbornly resilient rising house price and rising rents.


  1. House prices are back at record levels due to constrained supply and high demand. According to CoreLogic the peak-to-trough change in Australian house prices was 9 per cent increase in 2023.

  2. Rapidly increasing population through immigration and a critical shortage in the supply of housing is creating a perfect storm of investment opportunities.

  3. The RBA’s decision to keep interest rates at their current level will have a positive effect on Australia’s real estate market with renewed growth.

  4. KPMG’s Residential Property market outlook report predicts house prices to jump to around 10% from mid-2024 until mid-2025. They also project rate cuts and constrained housing supply to drive growth in both house.

    We are now experiencing the best buying conditions in 3 years! By taking a long-term focus in property investment, you can secure your financial freedom.

The biggest opportunity for 2024 lies with you!

With everything that is happening around the world right now, it is a good time to think about and celebrate the freedoms we have here in Australia. Two of my favourites are the freedom to dream and the freedom to choose.

Let’s spend a moment reflecting on what it means to have the freedom to choose. No matter how good or bad your year has been, you have the freedom right now to make space for a brand-new chapter.

Whatever has happened is done. Now, as always, you have total control over what happens next. Regardless of external factors ,you can take control of your most dominating thoughts and ensure they are serving your goals and keeping you in a positive mindset. Choose carefully and wisely the news you watch, the podcasts you listen to, the books you read and the people you surround yourself with.

If they are not in your best interests, let them go.

While the end of any year is a good time for reflection, I also use this time to set up an action plan for the year ahead. I like to dream and visualise where I will be and what I want my life to look like this time next year.

Dreams are the seeds of a brighter tomorrow, but without the nourishment of action, they remain dormant, unfulfilled, and unrealised.

The world is full of dreamers, but it’s the doers who make a difference.

Action breeds momentum: Every grand journey begins with a single step. When you take action towards your dreams, you set the wheels of progress in motion. Even a small step in the right direction can create a snowball effect, propelling you forward with ever-increasing momentum. The more you act, the easier it becomes to keep going.

Action helps overcome fear and doubt: Fear and self-doubt are the dream-killers that lurk in the shadows. Taking action is the most effective antidote to these adversaries. When you face your fears and doubts head-on, you realise they’re not as formidable as they seemed from a distance. Each action you take chips away at their power, making you bolder and more confident.

Action creates opportunities: Action creates opportunities that you may never have imagined while merely dreaming. As you venture forward, you’ll meet people, encounter circumstances, and stumble upon resources that you’d never have known existed. The universe has a way of aligning itself with your aspirations when you commit to pursuing them.

Action sets dreams in motion: Dreams without action are like a ship without a rudder – adrift and without direction. When you take action, you are essentially setting tangible goals and milestones. You give yourself a clear target to aim for, increasing your chances of success.

I urge you to do everything you can to not make 2024 ‘just another year’.

Choose instead to make it a year of abundance, good health, happiness, and a year where you are simply the best version of yourself.

From the entire team at Ironfish, we wish you good fortune, and a happy, healthy, prosperous New Year.

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