There are more property investment articles, commentaries and analyst reports on the Web every week than anyone could read in a month. Each Saturday morning I like to share some of the interesting ones I’ve read during the week.
Enjoy your weekend…and please forward to your friends by clicking a social link buttons on the left.
When will Australia have its next recession?- Pete Wargent
The graph above shows that the RBA has a 70% confidence interval of GDP growth of between 2-4.5% through 2015.
Even the 90% confidence interval doesn’t show a recession (while it also shows an outside chance of GDP growth spiralling off the chart).
Common financing mistakes | What tenants of the future will want | Getting into property development | Where DOOM forecasters went wrong
Another great Real Estate Talk show produced by Kevin Turner. If you don’t already subscribe to this excellent weekly Internet based radio show.
Details of this week’s show:
Andrew Mirams from Intuitive Finance tells us the most common mistakes made when refinancing
Michael Matusik lays out the details and gives us four facts to consider when buying in a new apartment project
Author and market commentator, Pete Wargent explains where the doom forecasters went wrong
Gavin Taylor has some good advice about what is involved in getting a development approval
Michael Yardney tells us how he is preparing his strategy now to meet these needs
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.
Beware: playing with hot spots can burn you
Chris Tolhurst writes in Domain that smart investors don’t speculate on the next hot spot but stick to the security of the big capital cities.
The idea of a property hot spot appeals to all investors, big and small. Little wonder a specialist business has grown up around hot-spotting, and thousands of people in search of significant returns are paying for advice on selecting the right property in mining towns, regional centres and some cities.
But be wary. The gloss is fading from many mining towns, where not long ago ordinary houses changed hands for big sums because of sky-high rents and yearly capital gains of 20 per cent-plus. Mines are closing and winding back operations as China’s economy slows and coal and iron-ore prices fall.
It’s one thing to try to pinpoint undervalued suburbs in a big city that has a broad job market and consistent population growth. It’s quite another to buy into a regional area with only one or two industries.
Such a move mainly appeals to speculators, who engage in risky financial transactions in an attempt to profit from short or medium-term fluctuations in the market value of tradeable goods, whether it’s houses, shares or gold futures.
An investor, by contrast, seeks to profit from the underlying attributes embodied in a financial instrument such as capital gains, interest and dividends, and is usually in the game for the medium to long term.
The Block 2014 shifts from South Melbourne to former Albert Park warehouse conversion
Drama returns to a huge red brick warehouse in O’Grady Street, Albert Park which is set to be the location of the next Channel 9 The Block reality renovation show.
It’s the site of one of the former Dux cinemas in the early 1900s as well as previously being a former Presbyterian Church. According to the Sands and McDougall Directories, the building became warehouses following World War II and has most recently been used as an office.
The building has been bought by the producers of the series, Watercress Productions for $5.85 million from Alston Post Pty Ltd, a company associated with Lloyd Williams, the Melbourne property developer. It previously sold in 2007 at $5.61 million.
You can see pictures of the building in its current state here at Property Observers
RBA’s charts tell what’s going on with our economy
In his Escape the Rat Race blog regular Property Update blogger Pete Wargent gives a run down of the latest RBA stats with heaps of charts and his quick interpretation.
In summary, we’re not doing badly, but if you’re into charts and graphs please click here and get your fill
What Countries Have the World’s Shortest Work Weeks?
The majority of us have heard the saying “Work hard, play hard,” but in some parts of the world employees are doing more playing than anything else.
While we work an average of 40 hours or more a week, there are a few countries that have fewer hours and still make a decent amount of money.
CNN, gathered information on five countries that have the shortest work weeks.
Not only is the Netherlands a beautiful place to live, but its four-day workweek is definitely a plus as well. The workforce averages around 29 hours a week with average annual wages at $47,000.
A Dutch law was passed in 2000 which stated a worker can lower their hours to part-time, while keeping their job and continuing to receive hourly pay and health care benefits.
Denmark averages 33 hours per week with estimated annual wages of $46,000.Their unemployment benefits go up to two years, and the Danish have flexible schedules that lure people in.
Norwegians work about 33 hours a week with average annual wages of $44,000. In fact, Norway’s labor laws are the most lenient since they provide workers a minimum of 21 paid vacation days.
The Irish work about 34 hours per week with average annual wages of $51,000.
Germany works about 35 hours a week with average annual wages of $40,000. They actually encourage some employers to lower their hours in order to prevent layoffs. The plan seems to be working well, with the country’s current unemployment rate at five percent.
Think your trip to work is a pain…
Next time you think you’re trip to work is a pain, spare a thought for those in Beijing:
Blogs you may have missed this week:
If you didn’t have a chance to read my daily blog, here’s a list of the blogs you missed this week:
If you’re serious about property investment please join me and a group of property and tax experts at my upcoming Property Market and Economic Updates that I’ll be conducting in 4 states in August and September 2013
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If you want to cut through all of the media hype, and all the contradictory predictions, and finally learn the truth (good and bad) about what is going to happen to the Australian property markets, this seminar is exactly for you… Click here now to get more details and reserve your seat.