20 Melbourne suburbs, and not surprisingly some of the wealthiest areas, were responsible for more than $10 billion worth of real estate sales last year according to RPData. In 2013 there were 81,590 residential sales in Melbourne and 107,845 in Victoria. Looking at the Melbourne market over the medium term this is a comparatively low
American economist Harry Dent spooked a lot of Australians recently when he predicted an economic tsunami that would take property prices back to levels we haven’t seen for over a decade. Others say our housing market is being underpinned by the strength of our economy, strong population growth, low interest rates as well as overseas
In a recent market commentary, Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital explains that China is now the world’s second biggest economy and the largest contributor to global growth. With their concerns getting a lot of airplay he gives the following insights: China bears have always been around. At their
Some big changes have recently occurred to the information held on consumer credit files means so it’s now more important than ever for consumers to keep a clean record, especially as your credit history is one of the important factors taken into account by lenders when assessing your borrowing capacity.
Recently I was asked by Australian Property Investor Magazine to explain which research tools I use to make my property investment decisions. They probably thought I would quote the Australian Bureau of Statistics, SQM Research, RP Data and the like. While I use these great resources, that’s not the answer I gave. Here’s what I
Property auctions on the weekend have become almost a national pastime all around Australia. People go along to have a sticky beak, to get an idea of the market, to fantasize about their dream homes or just to watch the street theatre unfolding before them – it’s a bit like watching buskers, you see an
A lot of Australians spend forty years or more preparing themselves for retirement, yet over 95 percent of them fail, remaining dependent on the government for their main source of income. However a small group of wealthy individuals reach financial freedom in a fraction of the time, many through strategic property investment. I’ve found these