Weekend Reads: Must-see articles from the last week

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.

Monday will be here before you know it, so enjoy some weekend reading…and please forward to your friends by clicking the social link buttons.

Stamp Duty Brings In More Than $160 Billion Since 2000

Stamp Duty is once again the topic of conversation reports Your Investment Property.

Governments across Australia have reaped more than $160 billion from stamp duty charges since the turn of the century according to one property lobby group.house seesaw coin tax

New research from the Property Council of Australia (PCA) claims that since the 2000/01 financial year government coffers have been inflated by $163 billion in stamp duty levies.

In the current financial year, the PCA predicts $20 billion in stamp duty revenue will be collected, compared to the $6.41 billion collected in 2000/01 and the $16 billion in 2013/14.

PCA chief executive officer Ken Morrison said the figures point to taxation system that is out of control.

“Stamp duty has spiraled out of control, stymieing the creation of the new jobs and growth our nation needs,” Morrison said.

“Relying on property buyers to bankroll state and territory budgets to the tune of some $20 billion a year is hurting families and holding back Australia’s economy,” he said.

See the full article here.

Would you live in a house smaller than a master bedroom? | 2016 Hotspots | Australian houses of the future

Another great Real Estate Talk show produced by Kevin Turner.

In this show:

  • Michael Yardney he could details what he thinks are going to be the property “hotspots” in 2016.
  • Cate Bakos gives us her 4 essentials for investment selection and why we ask the wrong questions
  • Damian Collins looks at what’s ahead for Perth property.
  • Tony Coughran points out the areas on Queensland’s Gold Coast he thinks will boom next.
  • KPMG Demographer and social commentator Bernard Salt talks about the tiny house movement and the future of Australian housing.

If you don’t already subscribe to this excellent weekly Internet based radio show do so now by clicking here.

Job ads send “positive signals”

Pete Wargent delves into the latest jobs data in this excellent blog.

ANZ released its job advertisements data series which “continues to send positive signals about the current state of the economy.”

Job advertisements rose by 1.3 per cent in November to a seasonally adjusted 156,187, with the services sector a standout performer.

Public sector hiring has picked up – reflected in very promising looking data for the Australian Capital Territory – while the strength in hiring in the services sector mirrors what was suggested by the national accounts for the third quarter.

Trend job advertisements have now been rising steadily for more than two years.

Despite the increase in advertisements, ANZ sees unemployment broadly tracking sideways at 6 per cent through 2016, although ANZ notes that “job ads are signalling that employment growth could remain strong for a while yet and unemployment could decline a little.”

NSW Supreme Court Bans Spruiker From Providing Unlicensed SMSF Advice

Your Investment Property reports that a property investment group has been banned from providing unlicensed SMSF advice by the NSW Supreme Court.

The court’s actions were prompted by an investigation launched by the Australian Securities & Investment Commission (ASIC) in November 2014 in to advice given to clients by Park Trent Properties Group Pty Ltd in regards to using to SMSFs to purchase investment properties

In October, the Supreme Court found that Park Trent Properties Group Pty Ltd had provided that advice unlawfully and had been doing so for five years.

ASIC recommends that any former clients of Park Trent Properties Group Pty Ltd seek independent legal and financial advice.

Read the full article here.

How To Think: Older People Can Teach Us All Something

Psyblog recently reported on a study about what older people can teach youngsters (and all of us) about how to learn.

Older people are better at correcting their mistakes on a general knowledge quiz, a new study finds.

It’s not just that seniors know more, it’s that they are better at correcting themselves when they initially get it wrong.

Indeed older people were better, on average, at learning the true answers regardless of how confident they were initially.

Perhaps with age we learn humility when it comes to memory.

Read the full story here.

Weekend video: Top 10 Facts – Psychology

Blogs you may have missed this week:

7 Predictions for the Australian Property Industry in 2016

Aussies to spend a whopping $8.9 BILLION on Christmas gifts

The Vicious Circle of Stamp Duty

6 Things You Need To Know About Negotiating [VIDEO]

Are great property investors born or made?

Want more of this type of information?


Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's 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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