WEEKEND READS: Catch up on the most interesting articles I’ve read this week

There are more interesting 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 ones I’ve read during the week.

So enjoy for some weekend reading …and please forward to your friends by clicking the social link buttons on the left.

Banks closing ranks to cut out investors

Smart Property Investor warns investors to keep a close eye on the market in coming weeks – with even more lenders announcing changes to their serviceability and borrowing requirements for investors as regulators try to reign in investor activity.

SQM Research managing director Louis Christopher said it’s difficult to say what impact these moves will have on the market, but there was one group of investors who would likely feel the squeeze.property investment news june 16

“The impact upon the investor market will be fairly modest at this stage.
It’s mainly going to affect investors who were right on the line, right on the threshold of whether they were actually going to get a loan or not – and that’s only a relatively small segment of the market in the scheme of things,” he said.

Mr Christopher said there was “no doubt” these measures had been designed to keep some investors out of the market and “to keep some investors at bay who were right on the threshold of serviceability and being able to do this [investing] to begin with”.

“It’s designed to take some of the weaker investors out of the market and it will do that, so there will be some impact upon demand. Should investors be worried about a major slowdown? Well, it depends on which city we’re discussing.”

Mr Christopher remained optimistic about the outlook for the Sydney property market and said he doesn’t think the measures introduced by the banks “will be enough to actually kill off the Sydney housing boom”.

Refinancing Pitfalls | Important money lessons to teach your children | New vs established property | Reno tips plus more

Another great Real Estate Talk show  produced by Kevin Turner. If you don’t already subscribe to this excellent weekly Internet based radio show do so now by clicking here.

  • Michael Yardney shares a few important financial lessons you can teach your children.
  • Andrew Mirams answers some questions about re-financing pitfalls.
  • Margaret Lomas answers our questions about buying an established property or a brand new one,
  • Mark Armstrong has some great tips for new investors
  • Miriam Sandkhuler details some ways you can improve the income you are getting from your investment property.
  • Cherie Barber, tells us why not all renovations are the same especially when it comes to renovating an apartment.

Sydney stock on market free-fallin’…

In his excellent blog Pete Wargent explains the latest Labour Force figures bode well for the Sydney property markets as an extra 20,500 jobs were added taking annual employment growth for the Harbour City to +44,200, second only to Melbourne with +66,900 jobs added.

Total listings in Sydney declined to just 17,097, an enormous 22.3 per cent year-on-year decline.

No wonder everything priced at $1.5 million or under is selling so fast with there being so little stock on the market.


On the other hand, stock levels are rising sharply in Perth and Darwin, where the polar opposite dynamic is unfolding.

Australia one of world’s richest, most equal countries: OECD

The Australian reports that Australia is not only one of the wealthiest countries in the world but also has one of the most equal distributions of wealth.

A new OECD study on inequality shows that Australia also stands out as one of the only advanced countries where the distrib­ution of income has become more equal over the seven years since the global financial crisis.australia-globe

The study blames the spread of part-time and temporary work for the worsening of inequality elsewhere in the world but finds that in Australia non-standard working arrangements often generate higher incomes.

The richest 5 per cent of Australian households have a net wealth equivalent to $US2.2 million ($2.78m), which is marginally above the OECD average, while the richest 1 per cent have net wealth equivalent to $US4.5m, slightly below the average.

However, the middle 60 per cent of households have net wealth of $US211,000, which is 41 per cent higher than the OECD average of $US140,000.

By contrast, in the US — which has the greatest inequality of wealth — the richest 1 per cent have assets of $US15m while the median household has assets of only $US56,724.

The four countries with more equal distributions of wealth than Australia are all, with the exception of Spain, much poorer than Australia.

The only countries with higher average net wealth than Australia are the US and Canada.

Capital City Price Surges Not Trickling Down To Regions

Your Investment Property reports the strong property markets of Australia’s capital cities aren’t being replicated across all regional centres.

Want to take advantage

CoreLogic’s Regional Report for the March quarter shows that resource-driven regions aren’t benefiting from the ripple effect from the capital city markets.

“While low interest rates have contributed to consumer’s being more confident in property purchase decisions, not all regional centres are enjoying a boost with areas closely linked to resources sector still seeing deteriorating property conditions,” CoreLogic RP Data senior researcher Cameron Kusher said.

Queensland’s Townsville region is a prime example of this, with weakness in the region’s market evident across a number of metrics.

Weekend video: ‪ Some interesting facts

Time for some interesting facts to make your head explode! Now you can sound even smarter around your friends with these simple but super fun facts about life!


Blogs you may have missed this week:

If you didn’t have a chance to read my daily blog, here’s a list of some of the blogs you missed this week:

More Gen Y’s own properties than you think

Banks hold on to BILLIONS from credit card holders

Who will pay for your retirement?

Some special clauses when buying off the plan

Some billionaire facts & figures [infographic]

10 tips to maximise your rent


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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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