Here’s another light, tight, 3 minute of property investment reading start to your weekend.
1. Good news – oh yes
In the spirit of Weekend 3 and our quest to bring something upbeat to your Saturday, we’ve lifted 10 of Peter Switzer’s reasons to be positive (thanks, mate) from a recent airing in the Australian.
- Over the three months to May, employment rose by 60,400 and the unemployment rate was 5.1%
- The participation rate is rising – a good economic sign
- The economy grew at a historically strong 4.3%
- Car sales are up 22.4% on a year ago
- The weekly Roy Morgan consumer confidence rose by 18 points to 110.8 points. Consumer confidence rose for four out of the previous five weeks
- Total lending finance rose by 6.3% in April after rising by 6.1% in March
- New homes sales lifted by 6.9% in April but this was a partial rebound from March when sales slumped 9.4%
- The RBA is cutting interest rates
- New business investment rose 6.1% in the March quarter ahead of forecasts of 3%
- The number of tourists arriving in March rose by 1.9% to record highs. This fell by 0.5% in April.
Want to know how to beat the ravages of the carbon tax and fight those rising prices? From The Week:
Emma Connors (Fin Review) says to keep it simple – use a humble door snake (and for those young’uns, it’s already dead, ok?) and put on your miser-guise. These suggestions aren’t exactly new or rocket science, but the difference is, there might be a lot more of us these days who plan to actually put them into practice:
- Turn down the thermostat to below 20º celsius. Each degree above adds 10% to energy costs.
- Switch off what you aren’t using. Standby-power can contribute $180 or so to your annual bill.
- Peak times – run your washing machines and dishwashers at 6am, not 6pm, and save.
- Use the sun not the dryer.
- Load the dishwasher fully before turning on.
- Use task lighting – lamps and spotlights rather than lighting up entire rooms.
- Energy ratings – take notice of them when buying new appliances.
- Install an energy monitor and use a wireless data feed from your electricity meter ($70 – $130) to monitor real-time energy use.
3. Matusik Pulse
Last week’s Matusik Pulse poll asked your opinion on what would have the greatest impact on new housing affordability.
The majority (25%) said more land supply, followed closely by smaller product and land sizes (20%).
Faster approvals and lower interest rates were fairly evenly touted at 18% and 16% respectively.
Second to last was smarter building practices and materials (11%) and on the bottom of the list was building and FHOG grants – thankfully, only a very small number (10%) still believe that government handouts like the first home owner grant and the Qld building boost actually improve affordability. We agree.
It is also worth revisiting last weekend’s Weekend 3 as Henny and Nicola make some good comments.
This week’s poll question asks how overpriced are properties that are for sale in your area. Without wanting to be negative – especially in our usually upbeat Weekend 3, there is debate about the average discount that occurs between asking price and selling price for property.
Here, for example, are the reported average discount rates from Australian Property Monitors, versus RPData for houses:
Again, this will just take ten seconds of your time. Results in next Saturday’s Weekend 3.
Enjoy your weekend, and remember…. pass this Missive on to 3 others.
I know, I know…call it exceeding the limit, or just plain old nepotism, but again, in the spirit of Weekend 3, and good stuff for the weekend, here’s some good stuff from my wife, Julia. And besides, if I don’t add this little plug, well, you know my weekend’s gone.
Julia’s Pantry is a small boutique business selling cakes, biscuits, slices, tarts and other delicious morsels made mostly from seasonal produce.
Items are sold at the Moggill [email protected] on the 1st and 3rd Saturday of each month. Special requests for other occasions are also available.
Follow Julia’s Pantry for recipes, foodie musings and the latest market offerings.
Michael Matusik is the director of independent property advisory Matusik Property Insights. Matusik has helped over 550 new residential developments come to fruition and writes the weekly Matusik Missive. The Matusik Missive is free, however, reprinting, republication or distribution of any portion of this material, or inclusion on any website, is strictly prohibited without the written permission of Matusik Property Insights and may incur a charge.
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