Each Saturday morning I like to share with you some of the interesting articles I’ve read during the week.
I’ve put them here all in the one place for your easy weekend reading and to make it easier for you to improve your property investment knowledge. Obviously there is an emphasis on the budget and how it will affect your property investments, but there’s a whole lot more.
Enjoy your weekend….and please forward to your friends by clicking a social link button on the left.
While we have concerns about our economy and how it affects us as home owners and property investors, it’s easy to forget thatAustraliawill become the first major economy in the developed world to record a surplus since the start of the global financial crisis.
This article is interesting as it gives an overseas view on our economy.
Another great show produced by Kevin Turner. If you don’t already subscribe to this excellent weekly Internet based radio show.
This week he has a heap of great guests:
- Chris Lang one of Australasia’s leading authorities on commercial property investment gives you some useful tips.
- Michael Yardney gives an insightful look at the world of commercial property investing.
- This week’s success story comes from Jack Rassie, a young mining worker who has developed a $2M portfolio.
- Also joining the show is legal expert – Rob Balanda.
You should definitely subscribe to this new weekly program. It’s free!
In this short video Dr. Shane Oliver, chief economist of AMP Capital looks at Budget 2012, its impact on interest rates, the Australian dollar, the economy and gives his outlook for the year ahead.
Was it the right time to cut spending and move to surplus?
How are we placed in the context of the Eurozone crisis and slowing growth inChina?
The Reserve Bank’s analysis of the housing market is pretty straightforward.
The slide in prices is slowing, with APM notably suggesting that there has been no movement in prices over the last six months (RP Data-Rismark are weaker, although we were also flat over Q1 in raw terms).
At the same time, the national rental vacancy rate is very low by historical standards at around 2%, which is driving strong, above-trend growth in absolute dollar rents. The article contains some good graphs and comments from the RBA
The 2012-13 federal budget provides little joy for the property industry in the year ahead.
The focus of returning the budget to surplus is a responsible overall direction to take, at such an uncertain time for global sovereign finances. It will put Australia into a strong position for future budgets, especially compared to other countries. But the budget provides little short-term confidence and support for business or households, and that’s what is needed at the present time.
Two years ago, Reserve Bank governor Glenn Stevens gave punters a very public warning not to bet on house prices rising. It turned out to be good advice.
Now the RBA is pointing to housing remaining subdued until lower purchase prices, higher rental yields and population growth gets us building again.
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