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.
This is how often you should clean your home, according to science
We all know about spring cleaning, season wardrobe changes and the fortnightly spruce-up.
But according to this article in domain.com.au we really need to re-think the way we clean.
For most of us, the thought of steaming our carpets or cleaning out the crisper section of the refrigerator makes us want to crawl under the covers.
Since we all can use some extra motivation to get our rubber gloves on, we’ve rounded up the leading expert advice about how often you should clean everything and, more important, why.
Turns out, your home is harbouring more bacteria than a public garbage bin.
Take a deep breath and read on to see how frequently you should be cleaning your house.
Truth time: It’s more than once a year.
Find the full article here
National Property Update: Don’t discount SA + Sydney takes a breather + Face the new property market ‘reality’
Another great Real Estate Talk show produced by Kevin Turner.
George Raptis tells us that while Sydney is taking a breather, it is still performing well.
Chris Gay from Cairns gives us his view on why investors remain positive about the north.
Korgen Hucent gives us a sobering report on the Northern Territory and that the oversupply is bringing a whole different type of investor into that market.
Dr Andrew Wilson from Domain takes an overall view of the national market and says we have a new reality in the Australian housing market as he predicts the boom times are behind us and the market is likely to flatten.
Peter Koulitzos says investors should not discount the infrastructure development happening there.
Kate Forbes helps us understand why the ACT market has underperformed in recent years but she points out there are some signs of improvement but that with a looming Federal election, consumer sentiment will again play a roll in what happens there.
If you don’t already subscribe to this excellent weekly Internet based radio show do so now by clicking here.
Lowest inner Sydney vacancies in 2 years
One of the reasons I’ve been relatively bullish overall on the prospects for capital city property markets over the longer term has been a question mark over how successfully the market would be able to cater for Australia’s growing population in the popular inner suburbs where people want and need to live.
Over the last few years it had for a while seemed that building new high-density apartments and selling them to investors in mainland China could be the panacea, a win-win solution whereby Australia gains a new export industry, which in turn adds to the dwelling stock.
Now it seems that things are not so clear, not least because so many of the new dwellings are so small, so poorly constructed, and often utterly inappropriate to house more than two people.
There has certainly been a boom in shoeboxes apartments, homes not so much.
It’s also less than clear how much of the new stock is making it to the rental market.
The day before yesterday it was reported that Melbourne’s vacancy rates had fallen to the lowest level since 2010, an incredible statistic given the volumes of apartment construction seen through this cycle to date.
And now the REINSW vacancy rate survey confirms that inner Sydney’s vacancy rate has recorded back-to-back readings of just 1.3 per cent, a dynamic I had already hinted at here.
Read the full article here
Mortgage arrears near record lows as banks tighten lending
Be it in the newspaper headlines or at the box office, the topic of loans has certainly been one to get a great deal of attention as of late and it would seem that’s this isnlt chnaging.
According to ABC News, mortgage arrears continue to decrease as lending conditions continue to stay tight.
Australian mortgage arrears were at their lowest fourth quarter level in more than a decade, as low rates and rising prices insulated borrowers.
Credit rating agency Fitch’s “Dinkum” residential mortgage-backed securities (RMBS) index tracks the performance of a large number of loans that have been bundled up and sold by lenders to other investors.
It found the level of 30-plus-day arrears overall was just 0.95 per cent over the three months to December 2015, the lowest fourth quarter level in 11 years.
Arrears were down 0.2 of a percentage point compared to the same period in 2014.
“The level of arrears in the fourth quarter of 2015 reflected strong house price growth, low unemployment, low standard variable rates and low inflation,” the report noted.
The actual loss rate on loans remained even lower, at 0.02 per cent, as rising property prices in most of the big cities meant lenders could recoup the value of their loans in case of default by the borrower.
While Fitch expects this loan loss rate to remain low, it is also forecasting a small uptick as property price growth moderates over 2016 from the double-digit national average levels witnessed at times last year.
Click here for the full article
Mining town approaching ‘rock bottom’
It would appear that an early glimmer of hope has faded for Mining town property markets.
It fact according to smartpropertyinvestment.com.au they are reaching the end of the road.
Despite speculation that the worst is over for mining town property markets, one location is yet to hit the very bottom, facing a further softening of house values and rents.
A report recently released by property valuation company Herron Todd White revealed that the property market in Queensland’s Gladstone remains volatile, with the short-term direction of the market a subject of “significant uncertainty”.
“With very little sales and leasing activity in 2015 and no signs to indicate a bottoming out of the market, it is likely that value and rental levels may continue to soften,” the report said.
The report forecasted a continued decline in investor interest in the Gladstone market.
“We consider that most activity during 2016 is likely to be dominated by the owner-occupier market for lower price point properties, largely driven by the continued low interest rates,” the report said.
Click here for the full article