The study found Australians remain cautious about our economic outlook and are focused on deposits and paying off debt. [Read more...]
There are more property investment articles, commentaries and analyst reports on the Web every week than anyone could read in a month. Each Saturday morning I like to share some of the interesting ones I’ve read during the week.
Enjoy your weekend…and please forward to your friends by clicking a social link buttons on the left.
The Melbourne property market’s strength over the last year or two has confounded many property pundits.
Despite some areas of oversupply (like in the CBD apartment market and house and land packages in the outer suburbs) property values throughout most suburbs of Melbourne just keep increasing.
In fact Melbourne dwelling prices have increased by 7.8% in the last year according to RPData.
Sure Melbourne was voted the world’s most liveable city for the third time in a row, but there’s more to it than that.
You see…Melbourne is bursting at the seams with the largest growth of any Australian city over the five years
Property investment is certainly not rocket science and while you don’t have to be a genius to succeed in real estate, it never hurts to learn from great minds when trying to achieve great things.
So let’s look at some quotes that have been attributed to Albert Einstein and see how we can turn these pearls of wisdom into profits from property.
We know true wealth is much more than how much money you’ve got or how many properties you own, but if you’re into counting money, according to the OECD the richest 10 per cent of Australians have gained almost 50 per cent of the growth in income over the past three decades as inequality has widened throughout the Western world.
According to The Age, John Martin, who has just stepped down as the Organisation for Economic Co-operation’s director for employment, labour and social affairs, says new OECD figures estimate that between 1980 and 2008, 22 per cent of all growth in Australia’s household income went to the richest 1 per cent.
Yes the rich are getting richer…
Well by now you’ll know that the RBA left interest rates on hold in December and this is really no surprise.
But there are mixed signals ahead for our economy with stubborn unemployment figures, our dollar easing and more signs of moderating housing market activity.
Here’s a summary of the weekly key real estate market stats from RPData.
Some things you should keep an eye out for as a property investor include:
- New listings activity
- Capital city vendor discounting results
- Capital city auction statistics
- Median house & unit prices
- Mortgage market activity
- Capital city private treaty median prices
- Top ten sales over the past week
- Value Guide: Recent sales around the states & territories $500K – $700K
The latest property market update from Residex founder John Edwards should bring Christmas cheer to real estate investors.
Read on as he explains that while rents are down there is capital growth in most capital cities and things are looking better than they have for a number of years. [Read more...]