National Australia Bank (NAB) just highlighted 83 postcodes across Australia where the credit risk is now too great to justify high-LVR lending. Homebuyers will now have to cough up a 30 percent deposit in 40 “Group A Restricted Postcodes” where NAB says there has been
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I seem to be speaking to more and more investors lately who are looking to cash up. The opinion of some is that property values are topping out and a correction may be on the horizon. If their expectation plays out, with reserves of liquid
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Legendary investor, businessman and poker aficionado John Templeton famously said… “Bull markets are born on pessimism, grow on skepticism, peak on optimism and die on euphoria.” Templeton died in 2008 at the age of 95. Having become one of the wealthiest investors in the world,
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In September 2015, PropertyInsight.com.my conducted an interview with me regarding real estate investment. I shared my insights from a variety of perspective. Steve McKnight is one of Australia’s foremost experts on real estate investing. A best selling author, Steve began investing in 1999 and
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Recently I received an email from Josie who was taking a property to auction and was asked whether to set a 3 or 6 month (with a 10% deposit) settlement period.(For those that don’t know, the settlement period is the time between signing a contract
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As we learned in 2007, the Australian property market is not immune to economic shockwaves from overseas. In the midst of the Global Financial Crisis (GFC), auction clearance rates across the combined capital cities fell as low as 42 percent. While some markets flattened, home
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Results for week ending August 30 Sydney and Melbourne failed to clear the bullish 80% auction clearance rate benchmark in the final week of winter, but results were solid nonetheless. The Stat Melbourne had over 1,000 auction results last weekend; Perth had 15. The Graph
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The median house price in Sydney just cracked the $1 million barrier last month. That amounts to a 23 percent increase over the last year alone. Add to this the fact that the previous year’s growth was not far off that level, there’s no denying
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Results for week ending August 23 The Spring silly season can’t come soon enough for the nation’s biggest auction market – Melbourne, where the clearance rate was the lowest since February. The Stat Melbourne’s auction clearance rate of 73% represents more auctions and fewer buyers.
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Last week I caught a train into town for a high-flying executive meeting about a new managed fund I am thinking about starting up. It was a room full of smart (and expensive) advisers – partners from a law firm and an accounting firm, an
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