Weekend Reads: Catch up on the most interesting articles from 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.

Monday will be here before you know it, so enjoy for some weekend reading…and please forward to your friends by clicking the social link buttons.

Interest Rate Cut Could Be A Safe Bet Come Melbourne Cup Day

Your Investment Property reports that a cut to the interest rate is possible at the RBA’s next meeting.

An interest rate cut may be the best way to make some money on Melbourne Cup Day, with a number of financial commentators predicting the Reserve Bank will lower the official cash interest rate on the first Tuesday of November.interest rate

The RBA board has left the cash rate at 2%, where it has been for the last four months, with many believing the central bank is still assessing the impacts of rate cuts in February and May.

But some experts believe the central bank may be forced to act next month as economic growth continues at a sluggish pace.

If that’s the case, then the RBA would almost be required to make a move in November according to Domain Group senior economist Andrew Wilson.

Prior to the RBA board meeting this week, RateCity financial analyst Peter Arnold said recent economic upheaval across the globe had increased the chance of a rate cut before the end of the year and predicted the cash rate will be below 2% by the time the winner of the Melbourne Cup is past the finishing post.

10 things you must consider when buying an investment property | House or unit | Understanding bank valuations | Deception Bay or Caboolture | Have the rules of renovations changed?

Another great Real Estate Talk show produced by Kevin Turner.

In this show:

  • Michael Yardney shares 10 things you must consider when buying an investment property
  • Shannon Davis explains why it is not as simple as deciding to buy a house or a unit
  • Margaret Lomas answers a listener question about investing in property in one of Brisbane’s outer northern suburbs.
  • Jane Slack-Smith discusses whether the changes to investment lending have changed the principals of successful renovation?

If you don’t already subscribe to this excellent weekly Internet based radio show do so now by clicking here.

What You Should — and Shouldn’t — Learn from Warren Buffett

This article published in the Wall Street Journal asks the question ‘What makes Warren Buffett Warren Buffett?’

Some of the keys to Mr. Buffett’s success as an investor can be emulated by almost anyone; others, by almost no one.


How can you tell which is which? You need to understand what exactly it is that he does.

Mr. Buffett has always organized himself with a sole focus on investing sensibly, without having to answer to impatient clients or obsessing about what other investors are doing.

Mr. Buffett, who is 84 years old, has never wavered in the principles he learned from his mentor, Benjamin Graham: Stocks are ownership stakes in businesses, not pieces of paper or blips on an electronic ticker; their market prices often are driven by the mood swings of investors rather than by the value of the underlying businesses; and investing is worthwhile only when value exceeds price by an amount great enough to create a “margin of safety.”

Nor has he ever changed his views on three of the most powerful weapons in the investing arsenal: cash, emotion and information.

Unlike most money managers, who hate cash for impairing performance during bull markets, Mr. Buffett loves it. 

Read the full article here.

New home sales have passed peak

Pete Wargent comments briefly on the HIA report that the total new home sales have steadied at a “historically high level”.

Multi-unit sales were 8.3 per cent higher over the quarter, but this was driven overwhelmingly by the May result, with May 2015 representing the cyclical peak for apartments sales.

New detached house sales also peaked for this cycle back in April.

New home sales have passed peak
Detached house sales for the month of July were stronger in New South Wales (+4.3 per cent) but weaker in Western Australia (-4.9 per cent).

According to Study, People Feel Adulthood Starts at 29

Mental Floss published this article which looks at a study of when people really begin to ‘feel’ like an adult.

How old we feel may be defined by the different experiences we associate with childhood and adulthood, a new study finds.

UK firm Fly Research recently conducted a study on the factors that define the stages of life, interviewing 2000 Britons 18 years old and over.

They discovered people don’t see age in terms of years, but in terms of major life events.

In fact, most don’t feel like they’ve really “grown up” until age 29.

According to Mic, the researchers asked interviewees to list major life events and interests they associate with either childhood or adulthood.

Buying a home (64 percent of interviewees listed this one) topped the list for adulthood, followed by having kids, getting married, and maintaining a pension.

Participants also listed “getting excited about staying in for the night” and hosting dinner parties.

WEEKEND VIDEO: Words that aren’t words

Grunts, sighs and other untranslatable exclamations from around the world.


If you think money’s not important, think again

Sticking with the Herd: A Risky Proposition

It’s not really population growth that predicts property demand

How an increase in GST will affect the property market

Older not wiser


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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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