Foreign demand for Australian residential property has slowed in 2015 as Chinese consumers tighten their purse strings, piling more pressure on a housing market already feeling the pinch of a regulatory crackdown on local investors and poor affordability.
Spring auction rates in Sydney and Melbourne have been tepid.
Potential homeowners will cheer the prospect of less competition, particularly those looking to buy in areas of Sydney, Melbourne and Brisbane which have proved popular with offshore investors.
This Spring, auction clearance rates in Sydney nudged 64 per cent, well down from 75 per cent a year prior.
House price growth looks to be flagging in the major metropolitan markets, and there have been a number of reports suggesting prices may begin to decline next year.
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.
Chinese demand for Australian property waning: Credit Suisse
An article published in the SMH looks at the slowing demand for Australian property from foreign investors.
Read the full article here.
You should follow the path less travelled | Australia’s housing market peak | Why all rate increases are not bad news | Does size really matter? | Why developers buy their own stock
Another great Real Estate Talk show produced by Kevin Turner.
In this show:
- Cate Bakos tells us why all rate increases are not bad news.
- Damien Collins explains why you should blaze your own investment trail or at least follow the path less travelled.
- Michael Yardney outlines the factors that are hinting at a market peak.
- Finance expert Andrew Mirams discusses if size really matters to the banks.
If you don’t already subscribe to this excellent weekly Internet based radio show do so now by clicking here.
Tip For 50% Better Mental Health
An article published on Spring.org.uk looks at a study that shows that exercise is key to better mental health.
Compared with inactivity, even ‘mild’ levels of physical activity are linked to 50% better mental health, a new study finds.
The conclusions come from a Spanish study of 1,422 people living in Madrid.
They were asked about how much exercise they did and their general state of health, both mental and physical.
The results showed that people who did low or high levels of physical exercise both had better mental health than those who were relatively inactive.
Both low and high levels of exercise were also linked to more than 50% reductions in the risk of suffering mental illness compared with the inactive.
See the full report here.
No respite for commodity prices…
A recent blog by Pete Wargent takes a look at Octobers commodity prices.
No respite indeed in October as the RBA’s Index of Commodity Prices fell by a further 1.1 per cent in SDR terms (on a monthly average basis) to be 19.8 per cent lower over the past year.
The bulk commodities of iron ore and coal saw their respective prices decline yet again, and this was only partly offset by an uptick in the gold price.
In Aussie dollar terms the fallout has been slightly less dramatic, the index being down 7.4 per cent over the year.
Read the full blog post here.
Some other reasons to be grateful if you grew up speaking English
This list from CWU shows just how hard English is to learn!
- The bandage was wound around the wound.
- The farm was used to produce produce.
- The dump was so full that it had to refuse more refuse.
- We must polish the Polish furniture.
- He could lead if he would get the lead out.
- The soldier decided to desert his dessert in the desert.
- Since there is no time like the present, he thought it was time to present the present.
- At the Army base, a bass was painted on the head of a bass drum.
- When shot at, the dove dove into the bushes.
- I did not object to the object.
- The insurance was invalid for the invalid.
- There was a row among the oarsmen about how to row.
- They were too close to the door to close it.
- The buck does funny things when the does are present.
- A seamstress and a sewer fell down into a sewer line.
- To help with planting, the farmer taught his sow to sow.
- The wind was too strong to wind the sail.
- After a number of Novocain injections, my jaw got number.
- Upon seeing the tear in the painting I shed a tear.
- I had to subject the subject to a series of tests.
- How can I intimate this to my most intimate friend?
- I spent last evening evening out a pile of dirt.
Weekend Video: Humans In 1000 Years
What will humanity look like in 1000 years? Watch as we cover some cutting-edge innovations happening today.