Did you know that you can be fined for releasing a goldfish in a Queensland waterway? Or that Australia has over 10,000 species of spider?
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:
- Daily change in dwelling values across capitals (graph below)
- Capital city home value changes
- Capital city private treaty median prices
- Time on market
- Number of homes for sale, combined capital cities
- Vendor discounting
- Capital city auction statistics
- Median house & unit prices
- New listings activity
- Mortgage market activity
- RP Data Mortgage Index – RMI
- RP Data Listings Index – RLI
- Top ten sales over the past week
Yes, it’s Monday morning again, so here’s another 10 great motivational quotes to kick start your week… [Read more...]
If you’re interested in world economics and who that effects our local markets you’ll be interested in the latest commentary by Dr Shane Oliver, Head of Investment Strategy and Chief Economist , AMP Capital Investors.
He explains that the US economy is yet again reinventing itself which has been helped along by a determination to get the US economy moving again after the global financial crisis but the real drivers are an energy boom, a manufacturing renaissance and American innovation.
Pull up a chair, get a cup of coffee (it’s a long article) and read on what he had to say: [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.
I was interested to read that in the past year Australia added about 38,000 new millionaires to its population of high-net-worth individuals, that’s about 100 new millionaires each day, many on the back of their property holdings.
However at the same time, a large number of property investors haven’t achieved the success they wanted.
Now of course this isn’t really surprising… this pattern of success is nothing new.
What does concern me more is a worrying trend that, with our property markets booming, some investors are so keen to do something, in fact to do anything, that they are heading for property investment disaster.
I’ve come across many potential investors who feel they’ve missed out on the first eighteen months of the property boom and want to catch up.
Others feel that they are being priced out and are desperate to get a foothold in the rising property market. Then there are those who find they are unable to obtain more finance and seem willing to try almost anything to participate in the current property boom.
Dr Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital Investors recently outlines 6 important lessons all investors should remember.
While he was talking about investment in general (and particularly about shares) his comments are clearly relevant to property, so here’s what he said… [Read more...]