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Saturday Summary – the most interesting property investment articles I read this week

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.

Enjoy your weekend….and please forward to your friends by clicking a social link button on the left.

Australian consumers are as nervous as Greeks about their economic future

We know consumer confidence is one of the big factors holding back our property markets and our economic growth.

In this article Robert Gottliebsen writes that the world banking system is about to be tested once again by another European crisis because politicians and central bankers underestimated the power of people. And here in Australia we have a version of the ‘Greek game’ being played under the surface.

Finding an investor friendly bank

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:

  1. Metropole Finance Director Rolf Schaefer tells us about the investor friendly banks – how to find them and then make sure they stay friendly.
  2. Jo Chivers from Property Bloom is a project manager who explains how, through her personal experience, she is now able to help people “manufacture equity”.
  3. Jane Slack-Smith from Your Property Success is the property investor who turned $45,000 into a multi million-dollar portfolio.  She shares her “Trident Strategy” with us.
  4. Michael Teys – Teys Lawyers – warns against investing in unhappy buildings.  He tells us that 10% of buildings in Australia, that involve a strata community, will have a dispute that needs to go to court causing extra cost and frustration for owners.
  5. This weeks case study tells the story of  Sean Ryder.  Sean has had to re-invent his entire portfolio because of the flawed purchasing decisions he made several years ago.  He discusses some expensive but valuable lessons he has learned.

You should definitely subscribe to this new weekly program. It’s free!

Steven keen and the debt bears have it wrong

Property analyst Michael Matusik puts some great arguments that run contrary to all those debt bears out there.

He explains that just one in five Australian households currently owe more than $200,000 on their mortgage.  Moreover just 10% of Aussie households have a mortgage larger than $300,000.

Hmmm, this isn’t what Dr. Steve Keen would have us believe.

We’re a nation of loss making landlords

The Australian Taxation Office (ATO) has released its Taxation Statistics for the 2009-10 financial year, which once again revealed that Australia is a nation of loss-making landlords.

According to the ATO, there were 1,751,679 property investors declared to the ATO in 2009-10 – representing one in seven taxpayers – an increase of 59,235 from the 2008-09 financial year.

Total losses on investment properties were $4.810 billion in 2009-10, or $2746 per property investor, down from $6.528 billion ($3857 per investor) in 2008-09.

Of the 1,751,679 property investors recorded by the ATO in 2009-10, 63% or 1,110,922 were “negatively geared”, meaning that holding costs (eg, interest payments, maintenance, and other costs) outweighed income from rents…

What baby boomers’ retirement will mean for the Sydney property market.

We’re heading for a demographic tsunami as close to 5 million baby boomers retire over the next 15 years.

They’ve driven the property markets up till now, and this article gives some ideas of what may be ahead.



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About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


'Saturday Summary – the most interesting property investment articles I read this week' have 1 comment

  1. Avatar for Property Update

    May 21, 2012 @ 4:17 am Pete Wargent

    What an excellent article by Martin Bregozzo at BIS – absolutely spot on.

    Reply


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