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.
Lenders discount fixed mortgage rates in battle to lure new customers
In good news for property investors the Sydney Morning Herald reports:
Lenders are offering double-digit discounts and decades-low fixed home loan rates in a new round of fierce competition to build market share in booming markets.
But widespread confidence variable rates will remain low has contributed to the overall number of fixed loans falling by nearly 20 per cent from recent highs, despite reports of record volumes.
”It’s fierce out there and could get a lot fiercer,” said Peter Arnold, research manager at RateCity, which provides comparative rates and price information.
Some bankers are accusing competitors of lax lending standards and offering unadvertised or under-the-counter discounts to encourage new business or existing borrowers to switch lenders.
Lessons I wish I knew when I began Investing | Have we ever had a property crash? | Mortgage Insurance | Valuations
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Details of this week’s show:
I tell you the 12 things I wished I knew way back when I started investing in property
John Linderman from Property Power Partners explains why he believes we have never had a crash in Australia
Mark Armstrong from iPropertyPlan gives us an insight where we’re all living and how that affects property
And lot’s more!
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There’s still life left in the Australian Economy – Pete Wargent
Reports of the death of the Aussie economy have been somewhat exaggerated according to regular Property Update expert Pete Wargent who explains that in 2013, the economy recorded growth of 2.8%, which included a respectable 0.8% in Q4 following on from 0.6% in Q3.
This takes the Aussie economy into 2014, its 23rd consecutive calendar year without a recession. An outstanding effort.
In a recent blog he warns that coming up in 2014 and 2015, the Australian economy faces one major challenge, and that is that capital expenditure will fall as the mining construction boom drops off.
And after giving his usual interpretation with lots of stats and charts concludes there’s lots to be positive about,.
Do You Make These Deadly Investment Mistakes?
In an article in Your Investment Property Brendan Kelly warns that investing in property could make you rich, but it could also lose you money if you don’t do it right and reveals top five mistakes to avoid:
Mistake #1 – Not completing due diligence
Mistake #2 – Buying sight unseen
Mistake #3 – Not having a plan before you start
Mistake #4 – Buying on emotion
Kelly also lists things to avoid:
- Don’t jump in without a solid knowledge of the area
- Don’t change your mind half way through
- Don’t buy without first reading the market
- Don’t settle without first doing the final inspection
- Don’t believe the real estate estimations – get your own valuation
10 risks first time property investors need to overcome
Sharon Fox-Slater listed a number of risks in SmartCompany that both novice and experienced investors should be aware of, maximising their chances of a successful investment. They were:
1. Opportunity cost.
6. Failure to plan.
7. Lack of a coherent strategy.
8. Getting side-tracked.
10. Buying with the heard
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:
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