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24.01.2022 https://www.kevinyoung.com.au/smashed-avo-or-new-property-/
18.01.2022 More Young People Choosing Property Investment Over Home Ownership By Michael Mata | 14 Dec 2016 Your Investment Property Magazine... According to the latest data, the number of first-time property buyers purchasing an investment instead of a home is increasing. The NAB Residential Property Q3-2016 Survey found that many young prospective property owners are choosing to invest rather than opting for the traditional route of first homeownership. According to the NAB survey, first home investors constitute about 12.2% of all new property sales in the third quarter of 2016, up from 11.1% in the second quarter. The NAB survey also found that first home investors represented 10.6% of all established property sales, a slight increase from 9.7% in the second quarter. According to ING Direct’s latest Financial Wellbeing Index, there’s a growing number of young buyers in the 18-34 age bracket turning to property investment. As per the index, 22% of Generation Y own at least one investment property (despite concerns about housing affordability among young people); this is followed by 20% of Generation X and 19% of Baby Boomers. What’s interesting is that while there are continued questions around affordability and the challenges for younger generations in getting onto the property ladder, it’s actually Gen Y that is leading the property investment pack, said Mark Woolnough, ING Direct’s head of third party distribution.
18.01.2022 History Repeats Itself! Japan, overnight on 21st September, kept its interest rate at a negative 0.1% and to stimulate the economy expanded its money supply to 100% of GDP. The US and Europe are at 20%. ... In comparison in Australia, our RBA has a high rate of +1.5% and is wondering why our Australian dollar is climbing and our tourism and income from exports falling. At the same time that Japan is trying to expand its economy, in Australia, since 2009, small business and consumers have been in a credit squeeze as per the chart we showed last week. It is worthwhile showing it again. No wonder Turnbull won by only one seat. At a similar time that there was a Federal election in a credit squeeze, which was 1961, again the Government held on with just one seat. History repeats itself! Regards, Kevin Young ********************************* Who are the banks screwing over the most on rates? The Commonwealth Bank has quietly slashed some of its term deposit rates, just two months after boasting that increases could help millions of savers! Ahead of a parliamentary grilling of the big banks next week, it has chopped the one-year rate to 2.4 per cent and the two-year rate to 2.45 per cent now some of the lowest rates in the country. The three-year rate is the same. David Carvosso, chairman of National Seniors, said the rollback was very disappointing to its members. "They're still nervous after the global financial crisis, about the uncertainty and fluctuations occurring in other markets, so they look for security, mainly from the big banks," he said. "The deeming rates for Centrelink are not reviewed frequently enough and cuts like this mean the difference between the deeming rate and what people can earn is very marginal." CBA has cut its one-year term deposit rate by 0.6 per cent to 2.4 per cent and its two-year rate by 0.65 per cent to 2.45 per cent. WIth actions like this in place - it is obvious as I covered in last week’s blog post Superannuation Alert - The current return on a $1m super investment is equivalent to the age pension; that we need to look at other ways of putting aside money for our retirement . . . What is your plan for retirement?
14.01.2022 https://www.corelogic.com.au//where-is-renting-most-common
12.01.2022 "The external upward pressure on property prices here is likely to be only exasperated by this recent weakening of our currency. More significantly perhaps, for...eign buyers may well see this as a window of opportunity that will not last. They may well bring forward any property purchases and investment, which they had previously intended for a later date." - Insights By Clifford Bennett See more
09.01.2022 https://youtu.be/-bom-tPn9Ps
08.01.2022 http://www.abc.net.au//gen-y-still-have-choices-av/7996524
06.01.2022 SHOULD I OWN MY OWN HOME? http://www.kevinyoung.com.au/ask-kevin-young/
04.01.2022 New magazine out NOW! Enjoy your free copy with your morning coffee! Flick to Page 14 to read Jake and Nikki's property investment journey. We love a good member story
03.01.2022 Upcoming Workshops! If you’re looking to buy a property but unsure where to start or maybe you own an investment property but want to scale up, the Property & Lifestyle workshop is for you! http://www.propertyclub.com.au/lifestyle/... Early Bird Price On sale NOW for only $20. Full Price $35 Save your seat while you can! Bring A Friend Free with discount code 2FOR1. Click on the event in your State
02.01.2022 GOLD COAST PREDICTIONS https://www.youtube.com/watch?v=9YF_rFCCjpE
01.01.2022 Budget Blues Sing-a-Long PROPERTY CLUB MAY 14, 2017 ECONOMIC HIGHLIGHTS Quite a few changes in the Federal Budget regarding property this week. No one would argue against the help for first home buyers. Whether it is effectively taken up remains to be seen, but it should prove quite successful in the long term.... There a couple of things to be said about some of the other changes which may not have been heard before. The big one, in terms of immediate impact on property values, is the proposal to place a limit of 50% on the number of properties foreign investors can purchase. Tax Savings - Budget Blues Sing-A-Long 1. There are likely to be less of the joint China-Australia property developments which are 100% sold in to the Chinese marketplace. Usually, at a housing and investment expo, all sold in one weekend. This was happening on a regular basis. The Chinese, seeing and knowing the huge demand all around them in their own cities, and the demand that constantly seems to exist for Australian property in particular, had no problems forking out for these only marketed in China properties. The thing is, with a 50% foreign purchasers limit, such developments may come to a complete stop. What was already in the pipeline will be finished, so as to test the marketability of 50% China owned developments to the domestic market? Less product coming to market, can only in the long run lead to higher property prices. It also means property gluts will be few and far between as we move forward. For Australian investors, this is actually a surprisingly good development. 2. Smaller developments will become highly sought-after by Chinese investors. They are quite savvy investors, and will immediately recognise that to maintain the value of their investment, a high assurance of domestic investor/buyer interest will be necessary. A development of 6-12 apartments is more likely to be fully sold on the domestic half than say a 100-4000 apartment complex. Which is what they have been buying into. So there will still be plenty of Chinese investors, but now they will increasingly be looking at the type of developments you, yourself, may have recently been interested in. Whereas what the Chinese were doing, was a something we read about, it is now likely to be more of a shoulder to shoulder affair entering smaller development projects. As for some of the other changes, they will be at the margin in terms of impact. Mature property owners downsizing will be a factor, but not in a big way. It will immediately be more about Chinese investors appearing in the suburbs more often. If you happen to speak the language, being a buyers agent on the ground visiting smaller projects, could be a lucrative affair. In a nutshell, quality apartments are likely to be even more strongly bid going forward, than they have in the past. Clifford Bennett
