Saturday Summary – the most interesting property investment articles I’ve read this week (2013/11/02)

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.

Aussie population to be 10% higher in only 5 years time? – Pete Wargent

Regular Property Update blogger Pete Wargent explains that our population is likely to grow by around 2.3 million people in the next 5 years.

If you’re thinking quietly to yourself that it wasn’t so very long ago that we welcomed our 23 millionth Aussie, you’d be absolutely right. The population is increasing on average by 1 person every 79 seconds which is more than 1,000 extra persons each day. Annually Australia is adding close to 400,000 persons each year to its population, a growth rate of somewhere in the region of 1.8% per annum.

The Reserve Banks’s Philip Lowe noted in a speech that the “steady growth in the Australian population…remains considerably faster than in almost all other advanced countries.”

Tempting though it is to think of all of the increase as being related to immigration, there are of course a range of factors at play, including:

  • one birth every 1 minute and 42 seconds;
  • one death every 3 minutes and 31 seconds; and
  • a net gain of one international migration every 2 minutes and 12 seconds.

The sum of which means that we have one extra member of the Australian population every one minute and nineteen seconds.

 

The real estate rich are getting richer | How to plan and execute a profitable renovation | Where is it risky to invest?

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

I have some advice for would be investors and indeed for young first time buyers as well
Jane Slack-Smith talks about the program she has developed to help renovators come plan and execute a profitable renovation
Sam Saggers from Positive Real Estate shares his years of experience at helping his clients steer clear of certain areas
Patrick Bright talks about valuers and why he thinks their figures may vary greatly from one another

You should definitely subscribe to this weekly audio program. Click Here It’s free and you can listen on the go on your smartphone, iPad etc.

 

Brisbane Market Predictions – John McGrath

In his regular column in Switzer, John McGrath says:

I believe the South-East Queensland market will outperform the rest of Australia over the next three to five years. Property has been significantly oversold since the GFC and seachangers who have deleveraged are in a prime position to take advantage of some outstanding value seen in this market

McGrath believes the same strong macro fundamentals affecting all markets will have an impact on Brisbane – our stable economy, low unemployment, a new Federal Government, a vast undersupply and home loan rates at their lowest in 30 years.

He also cites the following local factors that bode well for Brisbane property prices.

1. A predicted doubling of Queensland’s population over the next 40 years. with nearly half of the state’s population currently choosing to live in Brisbane

2. A state government very focused on economic growth, with significant investment in infrastructure and spending in health and tourism

3. Investors buying with self-managed super is yet to take off in Brisbane investors and Chinese buyers are likely to become a more significant force.

 

New infrastructure: Queensland areas to benefit – John McGrath

In another article in Switzer, John McGrath outlined some of the significant projects that will benefit the Queensland property market in the next few years:

Legacy Way Motorway
This 4.6 km tunnel will enable motorists to take a direct high-speed route to the airport and Australia TradeCoast precinct, which is expected to become South-East Queensland’s second biggest employment area.
Completion: 2015

Brisbane CBD redevelopment
This project involves the redevelopment of state-owned land along Brisbane River between the water and George Street and between Alice and Queen Streets. The main feature is a 43-floor tower at 1 William Street, which will become the largest commercial tower in the state. Completion: End 2016

Southport hospital and light rail
The new 750-bed Gold Coast University Hospital in Southport and the recently upgraded Robina Hospital will generate about 400 new jobs. A private hospital will also be built down the track. The University Hospital will be a terminal station for Queensland’s first light rail, connecting the new Health and Knowledge precinct. There will be 16 stations including one at Main Beach, with a capacity for 10,000 passengers per hour.
Completion: Hospital Late 2013; Light Rail 2014
Areas to benefit: Ashmore, Broadbeach, Labrador, Southport, Surfers Paradise and surrounds

Commonwealth Games Infrastructure
The Commonwealth Games will create 30,000 new jobs and $2B in economic investment..
Completion: 2014-2018

Sunshine Coast University Hospital
Australia’s largest hospital project, the Sunshine Coast University Hospital (SCUH) is a new public tertiary teaching hospital being built at Kawana.
Completion: Private Hospital Dec 2013, SCUH Late 2016

 

Women worry over retirement savings

Australian Broker reports that according to the inaugural MLC Australian Wealth Sentiment Survey Australians remain extremely concerned about saving for their retirement, especially women.

“With people living longer, having extended retirements and being much more active in their retirement, the harsh reality is most people won’t have enough savings to fund their retirement,” NAB Wealth Group executive and MLC CEO Andrew Hagger says.

“For women this especially rings true, as women retire with 40% less super than men because they take time out for children, are more likely to work part time and typically earn less than men. While it’s not surprising to us that women are worried about funding their retirement, the survey is a timely reminder to women about how they can start to bridge the gap by adopting some key savings strategies.”

Key findings from the survey include:

• When asked to rate their current concerns about risks in super and investments on a scale of one to 10 (low to high concern), at an average 7.02, women are the most concerned about inadequate savings in retirement (compared to males at 6.74).[sam id=36 codes=’true’]

• Looking more closely by age, females aged 50+ were the most concerned (at 7.21), compared to their male counterparts of the same age (6.22).

• Males are typically more concerned about missing investment opportunities.

• Those within five years of retirement tend to invest more conservatively for income than growth. However, females aged over 50 are more than 60% more likely to nominate this strategy than their male counterparts (9.92% to 6.06%).

 

Blogs you may have missed this week:

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

What it takes for property developments to be successful – Part 2.- Michael Matusik

Are Chinese Property Investors really taking over the Australian Market? Louis Christopher

This week’s property market trends | RPData

Choose your building and pest inspector carefully.- Rob Balanda

20 great quotes for top achievement

What it takes for property developments to be successful.- Michael Matusik

[post_ender]



Want more of this type of information?


About

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


'Saturday Summary – the most interesting property investment articles I’ve read this week (2013/11/02)' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*

0
0

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!