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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 property investment articles I’ve read during the week.

I’ve put them here all in the one place for your easy reading.

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

Interest rate cuts starting to stimulate house prices.

Economist and funds manager Christopher Joye explains how the new “daily” RP Data-Rismark house price index gives timely updates on the current market pulse.

In this article he shows some charts and explains that there are three trends to take away.

First, far and away the worst performer has been Melbourne, which as our second largest city, has been dragging down the national numbers. There are, however, some tentative signs that Melbourne values are stabilising.

The second point of note is that all cities, and notably Brisbane and the Gold Coast, have recorded synchronous recoveries since in or around the end of May.

Sydney’s market led the charge, reacting most quickly to the May rate cuts. And …

Rismark’s latest forecasts for the national housing market imply that home values will be broadly flat over 2012, albeit with some cross-sectional diversity. Rents, in contrast, are expected to rise at a healthy pace, which means that yields should also continue to increase.

Read more….

Get a financial grip on your life

Another great show Property Uncut 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:

  • Peter Wargent is a feature guest this week.  Peters book – Get a financial Grip – a simple plan for financial freedom’ details the lessons he has learned and why at the age of 33 he can now retire.  In a two part interview, he tells why he still rents, what he sees as the biggest mistakes investors make, although they want to succeed at building a nest egg, most people never achieve that goal.
  • Tom Panos is responsible for the successful operation of the massive News Limited real estate business Australia wide.  He has access to an incredible depth of figures and statistics on the real estate market and today he shares that with us.  It is good opportunity to get some inside information on what’s happening.
  • There are a lot of “fear-mongers” out there, but 2 highly credible people – Gail Kelly Westpac CEO and RBA Governor Glenn Stevens, both said this week that compound growth in house prices is over. We thought we would ask one of our experts Michael Yardney from Metropole Property Strategists for his thoughts on that sentiment.
  • This week’s case study takes a look at a Victorian investor James McGill who is holding 4 properties.  We get the opportunity to learn from his mistakes, he tells us what he now looks for in a property based on his experiences.

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

Video of the week – Residex June 2012 Property Investment Market Update

John Edwards from Residex talks to Peter Switzer about the country’s latest house price trends in capital cities.

What markets are doing well (it’s Sydney investment property by the way), which aren’t (Melbourne investment properties have had some challenges) and what’s in store.

He also explains why the drop in interest rates has had little effect on the property markets.

This short video gives a good explanation of what’s going on….

To watch it click here…

302,565 reasons why demand for housing is rising

The latest population growth data was released recently by the Australian Bureau of Statistics which showed that over the 2011 calendar year, Australia’s residential population increased by 302,565 equating to a growth rate of 1.36%.

RPData explain what this means to our property markets in this good blog with lots of graphs to explain what’s happening.

Read more…

How many more rate cuts are we going to get?

It’s that time of the month again. The Reserve Bank meets next week and decides what’s going to happen to interest rates.

HSBC expects one more rate cut following the June RBA meeting, but Westpac says suggest there could be three more rate cuts by December.

This article in Property Observer gives some of the thinking behind these predictions.

Read more…

Is this a good time to buy property?

Nobody can accurately predict where Australia’s property market will be in twelve months or 12 years. If you are thinking about buying property all you can do is understand the current market and take note of what the experts are saying according to this article in Yahoo Finance.

Read more…

Renters paying 50% more a week in rent since 2006 with increase in proportion of households experiencing rental stress: ABS census 2011

Median rental payments have risen by $95 per week between 2006 and 2011, according to 2011 census data released by the ABS.

The represents a 50% increase over the five-year period.

Median national weekly rent is now $285 per week, compared with $190 in 2006.

Read more…



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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


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