[Video] The latest property news with Kevin Turner | 23rd April

In this week’s two minute property investment news video: warnings that a dangerous real estate bubble might be emerging in Sydney and Melbourne, Aussie teens are having a way better time than other kids & more.

Aussie teens are having a way better time than other kids, according to the Global Youth Wellbeing Index, which looked at indicators including economic opportunity, access to education, health and safety from 30 countries.

The Center for Strategic and International Studies, and the International Youth Foundation, said this week that Australia scored the highest on the Index.

The study is based on a smattering of indicators including economic opportunity for youth and access to education, health, information and communications, safety and security.

The top 5 rankings are Australia, Sweden, South Korea, United Kingdom and Germany.  The United States came in at no. 6, followed by Japan, Spain, Saudi Arabia and Thailand.

Meanwhile the United States continued to show more signs that its economy is continuing to recover from the worst economic crisis since the Great Depression.[sam id=43 codes=’true’]

The genesis was the bursting of a housing bubble in the US fuelled by investments in risky subprime mortgages, triggering the Wall Street banking meltdown in September 2008.

While Australia avoided the worst of the crisis, there are fresh warnings here that a dangerous real estate bubble might be emerging in Sydney and Melbourne.

And finally …. the results are in for our 2014 Tenants and Sharers Report, and they show demand for apartment living close to the heart of the action is on the rise.   The number of tenants and sharers seeking an established or new rental apartment has risen to 39% (up 7% from 2012).

Nearly half of tenants and sharers surveyed said one of the main disadvantages of renting, was having to rely on their landlord or property manager to be proactive about home repairs and improvements.

But six in 10 tenants revealed they won’t sit around and wait, and admit they’ve spent their own money making improvements to a rental property.

 


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Kevin brings together leading authorities on the property market in his weekly Real Estate Talk Podcast. Visit www.RealEstateTalk.com.au


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