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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 with you.

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

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

Rate cuts are not aimed at aiding house prices

Reserve Bank Governor Glenn Stevens said the recent interest rate cuts are not designed to spare mortgage holders the pain of falling house prices.

He explained he had no intention of engineering a return to the spiralling property prices and household debt levels which characterised the pre-2007 housing boom.

Mr Stevens said the surge in household wealth in the decade or so leading up to 2007 – which rose by about six or seven per cent a year – was driven primarily by unsustainable growth in property prices.

Read more…

Are you one of the 80% missing out on thousands every year?

Another great show produced by Kevin Turner. If you don’t already subscribe to this excellent Internet based radio show click here to hear this week’s interviews.

This week he has a heap of great guests:

  • Brad Beer from BMT and Associates says that 80% of investors are not maximising some of the legal and allowable tax relief, stemming from their investment property or, are not even aware that the deductions are available.  He explains how easy it is.
  • Margaret Lomas from Destiny Financial Solutions is working with a group of investors around Australia, helping them find and secure investment properties.  She outlines what that is telling her about the current market and she explains where she thinks we are on the property clock.
  • Michael Yardney from Metropole Property Strategists will take a look at a report that says home values are falling around Australia.  He tells us what will stimulate the market and why he is still confident that this is just what the market does – peaks and troughs.  He details his reasons and gives some sound advice about what to buy.
  • Successful property investors will tell you that research is the key to getting it right.  No one researches more than Terry Ryder from hotspotting.com.au and this week he says there is no ‘one market’, in fact there are a lot of smaller market conditions around the country.
  • This week we introduce you to another successful investor Trudi Fyfe. Trudi has been investing in property for 6 years and now has a portfolio of 6.  Trudi tells us about the lessons she has learnt and the mistakes she has made.

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

Confidence the missing ingredient

Heard the old sexist joke about how many men it takes to change a light bulb? None … it’s a women’s job. Or was it clean the toilet? No matter, it illustrates a point.

How many rate cuts will it take to boost the property market?

None … it’s a confidence job. Yes, falling rates may help to boost confidence but they aren’t the only factor at play.

Read more…

Improved affordability will underpin housing market resurgence

Robert Gottliebsen, one of the commentators I highly respect, warns that we should be ready for a surge in new dwelling starts lead by New South Wales, Victoria and, of course, mining-boosted Western Australia.

He thinks this revival will boost Australian economic numbers, which may delay further interest rate cuts.

Gottliebsen explains that when the figures are calculated we are going to see a big improvement in Australian housing affordability, which will underpin the housing resurgence. And in both NSW and Victoria state government actions will drive sales.

Read more …

The pros and cons of property investment negative gearing

Negative gearing is the foundation of millions of investors’ wealth creation strategies, but some claim it’s pushing up property prices and pushing out first home buyers.

This article gives some advice so you can see if this strategy suits you.

Obviously negative gearing is one of the most powerful tools in the property investor’s armoury: and there’s no arguing with its popularity.

Tax figures reveal about 1.7 million property owners use negative gearing – which could explain why the government ignored recommendations put forward in the  Henry Tax Review calling for the removal of this system.

From the perspective of many first home buyers, however, negative gearing is evil. According to some experts, it has created an unholy fixation on property as a means of wealth creation and propelled housing prices sky high.

Who’s right?  Read on…

The block unlikely to do well when they sell

With Melbourne’s property market – particularly at the top end – struggling, the producers of The Block 2012 are going to have difficulty selling the reality show’s latest luxury offerings at auction.

You’d be forgiven pondering the unfortunate circumstance this year’s rate rocketing Channel 9 television series The Block has landed itself in.

Not only have producers managed to pick what seems to be on paper the worst-performing mainland capital city market since the GFC to date (beaten only marginally by Hobart).

They’ve also chosen to turn this year’s ugly duckling properties into “luxury” $1 million-plus houses, which is the sector of the market suffering the greatest losses.

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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