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.
Time’s up for foreigners who illegally own Australian real estate
Time has run out for foreign buyers who illegally own Australian real estate according to an article on Domain.
Strict new rules around foreign property investment in Australia came into effect on Tuesday, and those who don’t abide by them now face tougher penalties.
In general, non-resident foreigners are limited to buying new property in Australia, but without permission, they face large fines.
From Tuesday, foreign applicants wanting to buy a residential property will now have to pay an application fee.
Property developers and third parties also face strict punishments for breaching foreign property investment rules.
Individuals, including buyers advocates and real estate agents, who help foreign investors breach property rules face fines of up to $45,000 while companies could be fined up to $225,000.
See the full article here.
Residential vs Commercial | Same property – two outcomes | Property correction
Another great Real Estate Talk show produced by Kevin Turner.
In this show:
- Jan Somers advises investors to look first at investing in residential property and not commercial property
- Michael Yardney answers the question – What happens when property markets correct?
- Margaret Lomas explains why positive cash flow property investment is not a strategy and how the same property, if owned by two different investors, could deliver a totally different outcome.
- Finance broker Andrew Mirams tells us what valuers look for in a property and then we get a valuer to tell us about adding value to a property.
- Property investor and TV host Chris Gray has some tips on safe property investing.
If you don’t already subscribe to this excellent weekly Internet based radio show do so now by clicking here.
No pension test on family home: Morrison
The government says it has no plans to impose a pension assets test on the family home, according to a SkyNews.com.au report.
The Treasurer has poured cold water on the Productivity Commission proposal to link the value of retirees homes-to their eligibility to get the Age Pension.
It would save the budget six billion dollars a year but Scott Morrison says the coalition’s never ever policy hasn’t changed.
Mr Morrison says the commission’s report was to Government, not from Government.
‘The Government’s policy on this issue is well-known’.
‘There is no change to the Government’s policy’, he told Parliament on Tuesday.
Residex market update
In a recent blog, Pete Wargent takes a look at the latest Residex data.
Great Residex wrap as usual – read it here.Sydney median house prices were up by 1 per cent in October to be up by 21 per cent over the year to $1,058,500.Sydney median unit prices were also up by 1 per cent in the month to be up by 15 per cent over the year to $684,500.There has also been moderate growth over the past year for Brisbane houses (4 per cent) and units (3 per cent).Interestingly Melbourne has now picked up the pace, with house prices in the Victorian capital recording growth of 7 per cent in the last quarter alone to be 11 per cent higher over the year.On the other hand, some moderate declines were recorded in other cities and regions.Find out how your city or region is tracking here.
This Raisin Test Can Predict an Infant’s Academic Future
There is a raisin test can that predict children’s powers of attention and their later academic achievement writes Psyblog.
The child is simply asked not to touch the raisin — which is placed under a cup — for 60 seconds.
Children who can resist the temptation of touching or eating the raisin go on to do better in school.
Infants born prematurely found it particularly difficult to resist touching the raisin.