Stuart Wemyss

According to Cotality’s index, Melbourne has been the worst-performing capital city property market since the start of 2010. But that does not mean every property in Melbourne has delivered poor growth. In this week’s blog, I examine ten Melbourne property case studies that sold over the past 15 years and outperformed the broader market by around 2% per annum. The goal is to identify the attributes that may have contributed to that outperformance, while also highlighting the factors that appear to matter less. The insights could offer some useful lessons for property investors. Read Full Blog Here: prosolution.com.au/beyond-the-med…

In this week’s blog, I analyse the implications of a reduction in the capital gains tax discount for residential property investors, including how such changes could affect after-tax returns, investment behaviour, and rental supply. Using scenario modelling and comparisons with alternative tax structures, it examines how different CGT regimes influence long-term investment outcomes under leverage. The discussion also considers how shifts in tax treatment could alter the relative appeal of property versus share-based strategies. prosolution.com.au/cgt-discount-c…

@chodly155358 Look at the proportion of 18+ year olds that are 55 or older - it’s increased by about 5% over the past 20 years.

@StuartWemyss Maybe not

Australia’s population has aged significantly over the past two decades, with the share of people aged 55 and over rising materially. At the same time, younger Australians, particularly those under 30, are spending less as higher interest rates put pressure on their budgets. In contrast, older Australians are often spending more because they typically have more discretionary income. This demographic shift has made monetary policy less effective than it once was.

@7NewsMelbourne Case closed @PeteWargent 🤪

Melbourne has been officially crowned the world's best city. It's the first time an Australian city has taken top spot as we outrank the likes of Shanghai, London, New York and Sydney. #timeout #melbourne #topcity #australia

In this week’s blog, I explore what we call the “Forever Test”, the discipline of selecting investments with the strongest evidence and fundamentals to deliver high expected lifetime returns, then structuring them to minimise cost, tax drag, and behavioural friction. I examine how exponential compounding, tax efficiency, asset selection, and time horizon interact over multiple decades, and why short-term noise can derail otherwise sound strategies. The analysis reinforces that durable wealth is typically the product of patient ownership, structural tailwinds, and decisions that remain robust well beyond the current cycle. Read Full Blog Here: prosolution.com.au/the-forever-te…

@MoutonIsAClaret Super wine! Yum.

Open some wine. Pontet-Canet 2010.

@jwalkermobile All excellent. The good news is Jim Barry’s more recent vintages are more elegant wines with slightly lower alcohol. They want to make a more Bordeaux style wine albeit 100% Shiraz - elegant and balanced. 👍🍷

@StuartWemyss I have, super strong! Also like Hill of Grace and Sami Odi

Australia produce grandes vinos como este que tuvimos la gran suerte de probar ayer. Penfolds Grange 2019

@jwalkermobile @JuanCar96622661 Have you tried Jim Barry Armagh @jwalkermobile? It’s my vote for Australia”s best wine and less than half the price of Grange.

@JuanCar96622661 One of the best wines in the world, not just Australia! And beyond age worthy!

@PeteWargent @NoosaSprings @AitkenAdvisors You’re a trooper! Well done.

@StuartWemyss @NoosaSprings @AitkenAdvisors hard enough to get on the course with all the mexicans up here

GDP was up 0.8pc Now watch this drive

@PeteWargent @NoosaSprings @AitkenAdvisors Please don’t work too hard @PeteWargent! 🙏

feeling old and stiff @noosasprings @AitkenAdvisors

In this week’s blog, I unpack the structural differences between banks and non-bank lenders, and why they can produce wildly different outcomes for borrowing capacity. It comes down to things like how each lender funds mortgages, the impact of macroprudential settings, and the serviceability rules they apply. To show you what I mean: in a recent client scenario, a non-bank lender was prepared to lend $1.2 million, while the best any bank could do was $600,000. That is not a rounding error. It fundamentally changed what the client could buy and allowed them to step up to a far higher-quality investment property. I also walk through the trade-offs - offset account structures, interest rate volatility, and execution risk - and where non-banks can be strategically powerful, particularly when bank credit is tight. prosolution.com.au/non-bank-borro…

@PeteWargent Yep, it’s natural because in the southern hemisphere, the cream falls to the bottom. 👍

some are going to GC or peregian @StuartWemyss

In this week’s blog, Campbell examines the structural logic behind Australia’s persistent home bias in diversified portfolios, despite the domestic market’s small global weight and concentrated sector profile. He assesses the commonly cited justifications franking credits, currency risk, dividend yield, volatility, and familiarity against long-term earnings growth, tax efficiency franking credits, currency risk, dividend yield, volatility, and familiarity against long-term earnings growth, tax efficiency, and diversification outcomes. The analysis considers whether the traditional 45/55 split remains defensible for wealth accumulators versus retirees, and what investors should weigh when allocating new capital in an increasingly global equity market. Read Blog Here: prosolution.com.au/australian-vs-…

@PeteWargent @andy_surfie Ouch. Shots fired. I guess @tompanos’ not used to a place that doesn’t rain 23 hours per day! 🤪

@andy_surfie @StuartWemyss haven’t been down since the grand final, Geelong fans looked a little downcast as i recall 😀

🤷‍♂️ @StuartWemyss ?

In this week’s blog, I examine the surge in “the AI trade” through the lens of the dot-com era, highlighting how technological breakthroughs and shareholder outcomes often diverge. By revisiting the lessons learnt from valuation excesses, concentration risks, and winner–loser dynamics that occurred as a result of the dot-com bubble in the early 2000’s, I explore what today’s AI enthusiasm may be missing. The analysis examines market concentration, capital flows, and the limits of forecasting technological winners, showing why a diversified, evidence-based, and rules-based approach remains resilient even amid this profound innovation. Read full blog here- prosolution.com.au/the-ai-trade-w…

@PeteWargent @Larryjamieson_ On the plus side, housing is much cheaper than… enywhere else in Australia!

@Larryjamieson_ @StuartWemyss sensing this fella probably didnt #standwithdan

another new Queenslander… @StuartWemyss

In this week’s blog, I explore the growing use of financial modelling in wealth and especially in property advice. I explore why modelling outputs are only as robust as the evidence-based assumptions and conservatism behind key inputs such as future investment returns, rental income, interest rates, and borrowing capacity. The discussion highlights common pitfalls, including sequencing risk, optimistic cash flow assumptions, and execution risk. I outline how stress testing and scenario analysis can distinguish genuine strategic advice from a sales-driven projection. prosolution.com.au/financial-mode…

In this week’s blog, I explore the often less visible conflicts of interest and biases that can shape financial advice in Australia, particularly when comparing property and share-based strategies. I examine how remuneration models, ongoing advice needs, professional experience, and behavioural biases such as familiarity and confirmation bias can subtly influence recommendations, even where advisers act in good faith. My goal is to help investors understand how advice is formed, why certain asset classes are favoured, and how to better assess whether guidance is genuinely aligned with your long-term goals rather than an adviser’s incentives, lived experiences, or comfort zone. Read Blog Here: prosolution.com.au/property-vs-sh…

@MoutonIsAClaret The 2009 Las Cases is one of my favorite wines. 👍 Sensational!

An amazing roast. Longcroft and Old beef, wow. The cabbage had a hint of star anise. The glazed parsnip and honey glazed carrot were perfectly cooked. The roast potatoes made me ask questions. I suspected they had been fried. They are made like triple cooked chips, not roasted. The wine, Las Cases 2000, is one I tried last year. Saddle leather, cassis, eucalyptus, and chiselled rock on the nose. On the palate, berries but a little tart, no cassis, and there is a gap between the dryness, and slight dilution. It is not a touch on the 1996.