Writing a piece for the website Your Investment Property, Miriam Bell throws light on the rather dull forecast for Australia’s economy. Amongst the bleakness, property market will present a silver flash of hope.
Since the recession of early 90s, economy will head towards its bleakest 4-year period. Poor growth of employment will stifle domestic demand even as a 3% GDP will just about salvage the situation.
High-trading Aussie dollar hinders growth in a big way, says Bell. Non-resources sectors will piggyback on correction in dollar but such a situation may unfold only about 12 to 18 months from now.
You can read the original article here.
What are the pre-settlement inspections for? Put in simplest terms, they are there to ensure that the contract of sale is respected to the last letter. There have been instances when the vendor has taken the liberty to replace a certain appliance or fitting with another one, assuming that his nefarious act would go unnoticed.
When the consumer sentiment is running high, you can be caught in furious traffic of buyers and investors. Every time there will be noises about how first home buyers are being elbowed out of the race and how owner-occupiers are looking beyond your particular micro-market and yet wherever you go, you will feel an onslaught of buyers.
You are in a rush and you throw caution to the wind and move gallantly to the centre of the road in a bid to cross it. In a few seconds you begin to feel very exposed, immensely vulnerable and you are right in feeling these emotions. Perhaps, you would not have felt the same way if many individuals would have taken the risk with you right at that moment.
We have been hearing a lot about the minimalist approach of late. Put it in another way, the emphasis is on 
Do you know that today it takes 7 times the annual salary of an averagely-earning professional to buy a home? This figure has jumped from 2 times to 7 times in a matter of a few decades. What does the statistic imply? Just that buying a home has become a tad difficult. Press it against another data that we, Australians, are second to none in terms of percentage of home owners.
