Melbourne dwelling values pushed a further 0.7% higher of the three months ending May 2017 with a 1.2 percent rise in house failures, offsetting a 3.9 percent fall in unit values. The latest data shows Melbourne unit values have recorded the first year on year 4 since 2013. Since dwelling values started trending higher five years…
It’s often asked – “What is likely to drive future property price growth?” Clearly, there are many different growth drivers, but is there one that stands out, one that’s probably more important than the rest. On a recent Real Estate Talk show I spoke with Michael Yardney, from Metropole Properties, who gave us his thoughts on the matter. HERE’S…
Employment growth soars Other business indicators and surveys have suggested more upbeat conditions than the labour force surveys have implied in recent times, and this month the employment data snapped back into line. The economy reportedly added an outlandish +52,100 full-time jobs in May 2017, a surprise to almost all observers. Over the last three…
Brand new homes deliver different benefits to existing properties, from depreciation power to capital growth potential. When it comes to deciding which one makes the best investment, there’s no blanket answer – but there are factors that could sway your decision. Rather than attempting to categorise one as better than the other, which is a…
If former US Treasury Secretary Larry Summers is right, then the unmistakable implication is that the RBA should probably cut rates – perhaps twice – later this year, writes… Richard Holden, UNSW This week: the US Fed makes another interest rate hike, but Australian conditions suggest we may need to cut. Lats week the US…
Property is a brilliant asset class for creating wealth – so why aren’t more of us doing it? Statistics reveal that only a small number of Australians actually put their money into any properties beyond their own home. I would venture to say that two of the big reasons are: Fear of making a mistake…
Albert Einstein is arguably the most famous physicist of all time. But he wasn’t just a brilliant physicist, however. As you’ll see from some of the following quotes, he was also a remarkably wise and had incredible insights on society. 1. “Peace cannot be kept by force; it can only be achieved by understanding.” 2….
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