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.
Nearly 20% Of Melbourne Investment Properties Sit Vacant
An article published on Your Investment Property looks at why such a high percentage of Melbourne’s housing is actually vacant.
It may be an unconventional method of gauging housing vacancies, but a think tank claims analysis of water usage in Melbourne shows that almost 5% of the cities homes are unoccupied.
Prepared by Prosper Australia, the Speculative Vacancies Report attempts to measure how many vacant homes are in Melbourne by analysing how much water they use each year.
Karl Fitzgerald, Prosper Australia’s project director, said the number of vacant houses is the result of owners preferring to hoard properties for their capital gains and shows that talk of housing under supply is off the mark.
“The incentives for property speculators to hold prime locations empty is an affront to anyone locked out of housing.
The findings prove we do not have a housing supply crisis, we are literally locked out,” Fitzgerald said.
Read the full article here.
7 reasons the market won’t crash + Equity shifting explained + The impact on prices of a flood of similar properties
Another great Real Estate Talk show produced by Kevin Turner.
In this show:
- Michael Yardney gives us 7 reasons why the property market won’t crash.
- Economist Dr Andrew Wilson gives us his view on the house vs unit debate
- Brad Beer has compiled his New Years resolutions for property investors
- Ken Raiss answers Chris’s question about equity shifting.
If you don’t already subscribe to this excellent weekly Internet based radio show do so now by clicking here.
Vacancies rise in Perth and Darwin
Pete Wargent takes a look at vacancy rates in a recent blog.
SQM Research reported a vacancy rate of 2.3 per cent nationally, with the November data following an expected pattern for the time of year.
The Hobart and Sydney rental markets remain tight, which has seen asking rents in the Tasmanian capital rise.
At the other end of the scale Darwin (+3.8 per cent) and Perth (+3.9 per cent) continue to see vacancy rates rise, resulting in declining rents.
Melbourne has perhaps been the surprise package, with vacancy rates declining from 2.7 per cent to 2.4 per cent over the past year.
At the national level only modest rental increases are expected in 2016 given the stage of the construction cycle.
The ISIS economy pulls in $80 million A MONTH in revenue for the terror group
This article published on Business Insider gives a look at how ISIS make their money.
The US, Britain, Australia and other countries are launching a series of air strikes in Syria in order to destroy one of the main ways ISIS gets its revenue — oil trucks and fields.
And you can see why Western forces are aiming at stopping the flow of funding — ISIS rakes in $US80 million (£53 million) per month.
Around $1.1 million (£730,793) per day is made from just oil revenue alone.
Research house IHS unveiled the figures and also pointed out that the amount of revenue and the way it funds itself isn’t like any other Islamist terrorist group out there.
This is because while most, like Al Qaeda, relies on donations for funding its operations, ISIS is self-sufficient.
See the full article here.
Warren Buffett’s 10 Inspiring Tips for You
Here’s some great advice from one of the wealthiest people in the world.
- Invest in “you” before anyone else
- Break your bad habits early
- Hire a mentor
- Know your strengths
- Do what you love
- Never risk the important for the unnecessary
- Don’t pass up good opportunities
- Tick-tock, protect your clock
- Avoid credit cards
- Be kind
Read the full article here.