The latest property video from Kevin Turner | 14th August

In this week’s 2 minute property investment news video- the housing market is set to become Australia’s primary economic driver

The housing market is set to take over from mining as Australia’s primary economic driver. CommSec reports house prices are lifting at the fastest annual rate in more than two and a half years, with prices at the top end of the market now rallying.

The new growth is due to the population rising in capital cities … but construction is failing to keep up. On the other hand stock levels continue to fall.

SQM Research says stock for sale levels around the nation have fallen by more than 2 per cent and Sydney is still showing signs of significant declines. Stock for sale there has fallen by 17 per cent over the past 12 months.

[sam id=37 codes=’true’]SQM Research says it’s becoming more evident that the housing market is beginning to pick up – and it’s likely to continue into Spring. Adelaide, Hobart and Perth also had monthly declines in stock for sale levels of more than four per cent.

However, stock levels in Melbourne and Brisbane are mostly unchanged. Meanwhile, homebuyer sentiment is at record levels in fact the highest they’ve been in six years.

Lenders’ mortgage insurance company Genworth conducted an independent survey and found the confidence index has jumped from a record low of 93 in March to 100 at the end of July.

It’s mostly due to the fact that borrowers are now more confident about making mortgage repayments They’re also using less of their monthly income to service debt, thanks to falling interest rates.

And finally, many people obtaining loans are using non-major lenders? More than 25 per cent of home loans that were processed last month were from non-major lenders… according to mortgage broker company AFG.

It says this indicates more competition between banks… leading to competitive interest rates, which is obviously good news for borrowers.

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If you’re serious about property investment please join me and a group of property and tax experts at my upcoming Property Market and Economic Updates that I’ll be conducting in 4 states in August and September 2013

I will be presenting a heap of BRAND NEW content I haven’t discussed in public before. I guarantee there will be several things I reveal that you are not doing and you should be!

Click here now to get more details and reserve your seat.

Property & Econonomic Update

If you want to cut through all of the media hype, and all the contradictory predictions, and finally learn the truth (good and bad) about what is going to happen to the Australian property markets, this seminar is exactly for you…  Click here now to get more details and reserve your seat.

Michael Yardney

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'The latest property video from Kevin Turner | 14th August' have 1 comment

  1. August 14, 2013 @ 9:39 am Brian Stinson

    This is a huge call. The suggestion that increased house building activity is going to over take the hundreds of billions of dollars of resources projects that are still in the pipeline, under construction or already producing all around Australia needs verification with numbers. Failure to produce the supporting numbers risks the credibility of the independence of the property investment industry.
    Cheers

    Reply


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