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Saturday Summary – the most interesting articles I’ve read this week (2014/10/25)

There are more interesting 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 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.

Weak jobs, high Australian dollar should lead to interest rate cuts

The Sydney Morning Herald reports one of the region’s most senior fixed-income experts has underscored the divide between economists and the bond market by reasserting his call that the Reserve Bank of Australia may be forced to cut interest rates,

Goldman Sachs Asset Management’s head of fixed income in Asia-Pacific, Philip Moffitt, said that his forecast for further easing from the RBA was only an outlier in the sense that it was at odds with the consensus of economists.

Economists believe the RBA will raise rates in 2015. However, traders are pricing in almost a 40 per cent chance of a cut within 12 months.

What type of property NOT to buy | What are macro prudential controls & should investors be worried? | Researching builders | Mortgagee Sales

Another great Real Estate Talk show produced by Kevin Turner. If you don’t already subscribe to this excellent weekly Internet based radio show.

Details of this week’s show

Margaret Lomas tells us what are the signs she looks for when identifying an investment not worth putting into your portfolio
Gavin Taylor answers a question from Stephan who is concerned about the lack of information about builders he is trying to check on
Zaki Ameer says the majority of property investors are ruining their overall earning potential
and more!

Chasing the dragon of foreign investment

Sydney Morning Herald reports that Chinese investors are aggressively lifting their Australian residential and commercial real estate investment.

chasing dragons

Foreign investment has become an even greater force in driving up prices over the past six months, the property industry believes.

The October Australian Property Institute Property Directions survey found 96 per cent of Sydney respondents felt foreign investment was a significant driver, more than the 88 per cent it registered in May.

Australia’s exuberant property market shows no sign of abating, pushed by fierce competition and local and international investor’s enthusiasm.

Fears of a Chinese property crash are overblown

Business Spectator explains that fears of China’s property market collapsing are overblown as they have to build the equivalent of one new Australia each year:

One of the strongest fundamentals that will help support the property sector is the ongoing process of urbanisation in China.

The State Council, China’s cabinet, estimates that another 200 million people will migrate from the countryside to cities by 2023, twice the number that made the move since 1990.

By the start of the next decade, it’s estimated that China will have an urban population of 920 million, which will lift the urbanisation rate to above 65 per cent.

Demand has outstripped supply by 144.6 million square metres per year in the face of rapid urbanisation, which has driven prices higher. While the latest data may reveal a temporary oversupply, inventory does not appear to be a major issue.

7 lessons in leadership from Gough Whitlam

Former Prime Minister Gough Whitlam died this week, aged 98, leaving a long legacy.

SmartCompany shared 7 leadership lessons using quotes from or about this giant of his time:

Don’t limit yourself

 “I do not believe for a moment that we should set limits on what we can achieve, together, for our country, our people, our future,” he said.

Think differently

“Gough Whitlam changed the way Australia thought about itself and gave the country a new destiny. A more inclusive and compassionate society at home – a more engaged and relevant country abroad.” Paul Keating

Drive for real change

“Because of what he did between 1972 and 1975, our leaders will always be judged on whether we drive for major change, not how deftly we manage ‘more of the same’.” Julia Gillard

Put aside your self-interest

“The punters know that the horse named Morality rarely gets past the post, whereas the nag named Self-interest always runs a good race.”

Be brave

“The lesson, I suppose, is those brave policy decisions which have set Australia on a better course should inspire us to bravery today as well, to make those tough decisions to stand up and argue for the things that we believe in – things that we know can make our nation stronger,” Tanya Plibersek

Have a sense of humour

Whitlam was quick with a quip or humorous aside.

A journalist once asked him: “What would happen to the government if you fell under a bus tomorrow?” He replied: “With the improvements my government has initiated in urban transport, that is unlikely to happen.”

Maintain your rage

In 1975 after Whitlam was sacked by the Governor-General, he gave his famous speech.

“Ladies and gentlemen, well may we say ‘God save the Queen’, because nothing will save the Governor-General!”

He finished the speech by urging his supporters to stay strong. “Maintain your rage and enthusiasm,” he said.

Weekend video: 10 Amazing Science Stunts

Here’s a few minutes of fun to help you enjoy your weekend.

Blogs you may have missed this week:

If you didn’t have a chance to read my daily blog, here’s a list of some of the blogs you missed this week:

Pain & Gain in property- who’s winning and who’s not | October 2014

A record number of Chinese visitors to Australia is changing our demographic landscape | Pete Wargent

Are first home buyers really “stuffed”?

The formula for successful renovations | Cherie Barber

[Video] The latest property news with Kevin Turner | 22nd October

My parents had many failings. What about yours?



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About

Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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