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

Each Saturday morning I like to share 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.

What’s happening to property prices around Australia?

Lower interest rates helped Australia’s eight capital cities record a 1% gain in dwelling prices over June to a median of $460,000, according to the latest RP Data‐Rismark June Hedonic Daily Home Value Index.

The three biggest markets – Sydney, Melbourne and Brisbane – all recorded dwelling price gains of 1% over June.

Perth was the standout market, with a 2% gain to a median of $460,000, with Perth dwelling prices now down just 1.4% over the previous 12 months.

Perth also had the strongest house price gain over June, with house prices up 2.4% to a median of $475,000.

The combined Brisbane-Gold Coast market was the strongest unit market over June, with a gain of 2% to a median of $355,000.

For the 12 months to the end of June Sydney dwelling prices are down 2% to a median of $541,000.

Melbourne remains the weakest housing market, with dwelling values down 6.6% for the year to June to a median of $480,000. The Brisbane market is down 4.7% to a median of $415,000.

This article gives the latest stats from RPData. Read more and see what’s happening in your local property market…

The results of The Block prove it is NOT reality TV!

Another great Property Uncut show produced by Kevin Turner. If you don’t already subscribe to this excellent weekly Internet based radio show.

The Block was once again a hugely popular TV show. Three gruelling months of sleeplessness and renovations paid off handsomely for the four couples who, on the face of it, sold their Melbourne terraces for substantial profits.

This will no doubt encourage a new generation of property investors to turn their hands to renovation.

But did they really make a commercial profit?   The simple answer is NO!

If you ran the renovations of The Block as a business and added stamp duty, buying and selling costs, interest for the holding period and payments for labour, there was no commercial profit in doing the renovations according to experienced property investors and renovators – Cherie Barber and Michael Yardney. I talk to both in the show today where they give us the 4 key lessons from the Block.

This week there is a sneak preview of an outstanding conversation Kevin had recently with 5 leaders in their field.  We put them together and then had just over 1,000 interested investors on line who peppered questions at them.  He plays some of the comments from the expert panel made up of Ken RaissGeorge RaptisGavin TaylorRolf Schaefer and Michael Yardney and we hear some of the questions as well.

You should definitely subscribe to this weekly audio program. Click Here It’s free and you can listen on the go on your smartphone, iPad etc

Video of the week – Our property markets heat up over autumn – APM

Australian Property Monitors reports growth in median house prices in some capitals this year.

In this short (2 minute) video Dr. Andrew Wilson explains how Melbourne and Sydney prices were up by 2 per cent in April compared to December.

Watch this video now as he reports that auction clearance rates have also held up this year, with average rates around 60 per cent for both Melbourne and Sydney.

To watch it click here…

Housing at its most affordable level since 2003

In encouraging news for prospective home owners and property investors, economist Christopher Joye explains that Aussie housing continues to get cheaper when deflated using disposable incomes.

He explains that Australia’s all regions, average dwelling price-to-average disposable household income ratio has fallen to around four times, which is its lowest level since March 2003. Just another reason we won’t have a property crash like overseas.

Read more…

The top 20 most ‘crowded’ suburbs across Australia

Where can you find the most people packed into one suburb?

According to the latest Census data, look no further than the inner Sydney suburb of Elizabeth Bay.  In fact nineteen of Australia’s top twenty most densely populated suburbs are located in Sydney.

The one exception is Melbourne’s Southbank which ranks at number 19 in the population density stakes.

This blog from RPData has interesting of each state showing density of population. How does your state look?

Read more…

No risk of housing bust: RBA

Australia is not at danger of a collapse in the housing market according to Reserve Bank assistant governor Guy Debelle.

He was playing down concerns that Australia could suffer price falls like those seen in the United States or parts of Europe.

Speaking at a mortgage conference, the top central banker said he was more concerned about the outlook for the European Union and the uncertainty that was causing globally.

There was a “day of reckoning” coming for the EU at some point but nobody knew how it would play out, said Mr Debelle, who heads the central bank’s financial markets unit.

Asked about fears of a housing collapse in Australia, Mr Debelle said there was no oversupply of housing in the country, households were well able to manage their debt levels and mortgage arrears remained very low.

Read more…

Some lessons from The Block

I couldn’t leave out a reference to The Block which was once again a hugely popular TV show. Three gruelling months of sleeplessness and renovations paid off handsomely for the four couples who, on the face of it, sold their terraces for substantial profits.

This will no doubt encourage a new generation of property investors to turn their hands to renovation.

But did they really make a commercial profit? The simple answer is NO!

If you ran the renovations of The Block as a business and added stamp duty, buying and selling costs, interest for the holding period and payments for labour, there was no commercial profit in doing these renovations. 

But then we know that Reality TV is not “real life” don’t we?

In this blog I give you some figures behind what really happened in The Block and some lessons you can learn.

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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