Yet in contradiction to reports of a property market slowdown in 2016, I've heard scuttlebutt from more than one source that major lenders are being inundated with mortgage applications this month, with processing times and backlogs reportedly piling up to to 3-4 times their normal level.
Refinancing will doubtless account for a good deal of this activity following the recent tightening of mortgage rates, but the real question will prove to be: how much?
Speculating a small amount of your money on individual stocks can be fine, of course, and sometimes even quite good fun, but putting too much weight on flighty stock tips is not a plan for becoming wealthy over the long term (particularly stock picks for which no special insights are provided into the companies being promoted).
Strategy is important
Supermarket sweep (the institutional imperative)
It was subsequently revealed that internal control and audit failures had failed to uncover dubiously aggressive accounting entries. Tesco, Sainsbury's and Morrison also saw their share prices getting smoked in 2014.
This does beg the question that if the world's greatest ever investor is capable of making fundamental investment errors (both on entry and exit) of this magnitude, perhaps lesser mortals giving stock tips are too.
Not dissimilarly, in the imperfect real estate market successful property investment requires intimate local knowledge, and not only a review of whether a property stacks up "on paper".
It is probably fair to say that only a relatively narrow echelon of the best advisers also have a tight handle on what is happening in the wider economy (let's face it, for many in the property space "macro" might as well be a reference to the local grocery store).
It will also be interesting to see how the contribution to the economy from the residential construction boom is shaping up, particularly at the state level.
The latest report from the Housing Industry Association (HIA) projected that total housing starts will begin to decline to 200,000 for FY2015/16, to 173,500 in FY2016/17 and then 165,000 in 2017/18. Renovations on the other hand are expected to increase.