About Michael YardneyEach Saturday morning I like to share with you some of the interesting articles I’ve read during the week.
I’ll put them all here in the one place for your easy weekend reading and to make it easier for you to improve your property investment knowledge.
Enjoy your long Easter weekend….
Australia, a nation transformed
How quickly is Australia’s population ageing? Are Australians becoming less religious? Are Aussies increasingly choosing a city lifestyle?
To coincide with the taking of the 2011 Census, ABC News Online has trawled through historical data to get a picture of how the Australian population and Australian life have changed since Federation in 1901.
You must look take a look at this fascinating interactive website
Which stats to trust – how important is property research?
Another great show produced by Kevin Turner. If you don’t already subscribe to this excellent weekly Internet based radio show.
This week he has 5 great segments:
- Dr Andrew Wilson – Senior Economist with Australian Property Monitors – outlines what we can learn from the market stats, which ones to watch and the common mistakes investors make when they look at the data.
- Michael Yardney comments on the RBA decision this week and discusses the good news about property prices in Australia that was released this week by RP Data.
- George Raptis discloses how he uses the stats to find and secure good property for his clients.
- The success story this week comes from ski instructor Bruce Fenwick who owns 10 investment properties but as he explains, it has not been plain sailing.
- Solicitor Michael Keys outlines what to look out for when buying or investing in an apartment.
You should definitely subscribe to this new weekly program. It’s free!
Units outperform houses as market stabilises in March: RP Data-Rismark
House prices in capital cities grew 0.2% in March, according to the latest figures from RP Data, and the market was flat during the first quarter of the year, but key industry metrics are beginning to show some improvement.
Cheaper units outperformed houses in Australia’s major capital cities by a wide margin during March, according to the latest RP Data-Rismark Daily Home Value Index Results.
Capital city unit prices increased by 0.9% during the month to a median of $400,000, while detached house prices increased by just 0.1% to a median of $464,500.
Property Analyst Michael Matusik gives his thoughts on all the talk of negative equity.
He says: too many property-related studies drive whilst looking in the rear view mirror. Things seen in the rear view mirror always look much larger than they really are. Few drive looking out of the windscreen. Looking forward, higher rents are finally pushing first home buyers into the market and also attracting investors.
Mortgage Stress- what mortgage stress?
RPData debunks some myths about mortgage stress, and defaulting loans – things are not as bad as some would make out according to the latest RBA stats.
Australian housing market still facing Japan- or US-style downturn due to deleveraging: Steve Keen
The Australian housing market is at a point where it will either decline slowly or collapse swiftly due to the drive among households to reduce their debts and increase their savings, according to property bear Steve Keen.
While I don’t agree with his sentiment and his track record has been poor, I include this article as a humorous diversion this weekend.
